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Elasticity of Energy Demand and Challenges for China's Energy Industry
Author(s) -
Yin Jason Zunsheng,
Gates David Forrest
Publication year - 2006
Publication title -
china and world economy
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.815
H-Index - 28
eISSN - 1749-124X
pISSN - 1671-2234
DOI - 10.1111/j.1749-124x.2006.00031.x
Subject(s) - lagging , price elasticity of demand , economics , energy demand , china , elasticity (physics) , energy supply , supply and demand , output elasticity , energy consumption , private sector , natural resource economics , energy (signal processing) , production (economics) , macroeconomics , microeconomics , economic growth , engineering , medicine , statistics , materials science , mathematics , electrical engineering , pathology , political science , law , composite material
The rapid growth of energy demand, the lagging growth of energy production and rising pollution problems have raised concerns in several policy areas, including the availability and cost of energy supply and the possibility of further adverse impacts on the environment. This paper begins with an overview of recent developments in energy demand and supply in China. Using a traditional demand elasticity approach, it analyzes the elasticity of each of four major energy end uses and the potential for adjustments in their relationships. The paper concludes with suggestions for public policy to meet the challenge of growing energy demand and implications for the private sector, including both private and foreign investments. (Edited by Zhinan Zhang)