By Hengyun Ma, Les Oxley
Within the new millennium, realizing China’s power financial system is essential for politicians, businesspeople and effort economists, as China’s power coverage offerings will suggest either demanding situations and possibilities for the realm when it comes to an expanding proportion of fundamental power intake and funding. This ebook at first reports the literature on China’s strength financial system and in so doing unearths that many vital components were missed or are outmoded of their assurance. Given the scale of China and its worldwide significance, the ebook then assessment s China’s present power state of affairs and fills the gaps within the literature should you have an interest in and anxious approximately China’s financial improvement and effort reform within the new millennium. The booklet isn't the same as earlier experiences in different very important methods: first of all, it offers recent, pioneering examine instead of an easy textbook, numerous sections of which were released in top of the range strength journals. Secondly, the ebook first subdivides China's strength depth turn into points of price range constraint, technological swap, issue substitution, power call for and financial development utilizing a newly constructed econometric method. Thirdly, it presents many new and various econometric findings and derives many new coverage implications for China's power economic climate. And finally, it brings to mild a wealth of latest wisdom should you have an interest in China's power economic climate, the realm power marketplace and international environmental and weather switch matters.
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Additional resources for China's Energy Economy: Situation, Reforms, Behavior, and Energy Intensity (Lecture Notes in Energy)
However, economic growth may Granger cause energy consumption for more developed economies. If the time periods are combined the net effect may be to show no causality or bi-directional causality. (c) Most studies focus on the study of energy consumption and economic growth at the national level. Little attention is paid here to the study of the relationships between energy consumption and economic growth at the provincial level. A recent study by Ma et al. (2008) shows that there are significant differences in the determinants of the changes in energy intensity across regions in China.
2007b; Han et al. 2004a last one; Ding et al. 2007; Qi and Chen 2006; Gao and Wang 2007; Ma and Stern 2008 first two; Zhou and Li 2006 second; Zhang and Ding 2007; Shi 2007; Zhang 2003). , Smil 1988; Han et al. 2004a; Kambara 1992; Zhou and Li 2006; FisherVanden et al. 2004; Zha et al. 2009). Of course, there are some exceptions. (c) All study periods except that of Qi et al. , Qi and Chen 2006; Gao and Wang 2007; Ma and Stern 2008; Zhang and Ding 2007; Zhou and Li 2006; Shi 2007c). These results seem consistent with the trend of energy intensity (Fig.
Chapter 10 presents our conclusions and implications. 5 Published Work At the end of this chapter, we want to introduce our research work, Chapters or Sections which have been published as follows: • Section 1 of Chap. 7 and Sect. 1 of Chap. 8, titled “China’s energy economy: technical change, factor demand and interfactor/interfuel substitution”, have appeared in Energy Economics 30 (2008):2167–2183. • Parts of Chap. 3 and Sect. 4 of Chap. 10, titled “China’s Energy Situation in the New Millennium”, have appeared by Renewable and Sustainable Energy Reviews 13 (2009):1781–1799.