Effects of Energy Prices on Energy Efficiency in China

Zun Ming Ren

doi:10.4028/www.scientific.net/AMR.962-965.1767

Paper Titles

Analysing the Sustainable Development of Coal Resources in Shanxi Province from the Perspective of Coal Reserves
p.1746

Analysis of Residual Autocorrelation in Forecasting Energy Consumption through a Java Program
p.1753

Assessing the Impacts of Inter-Regional Power Transmissions on Energy Structure in China’s Power Sector
p.1757

Assessing the Influence of Shale Gas Boom on China’s Power Sector and Environmental Policy by Modeling
p.1762

Effects of Energy Prices on Energy Efficiency in China
p.1767

Misleading Grand Challenges of Engineering and the Wrong Theory Existed in Energy Science
p.1773

Primary Energy Demands in Guangdong Province of China
p.1779

Thailand Energy Scenarios to 2035
p.1782

The Risk Analysis of New Energy Power Generation
p.1787

HomeAdvanced Materials ResearchAdvanced Materials Research Vols. 962-965Effects of Energy Prices on Energy Efficiency in...

Effects of Energy Prices on Energy Efficiency in China

Abstract:

The paper utilized the co-integration test, error correction model and Granger causality test, and other methods to verify the influence of the coal, oil and electricity prices, industrial and energy consumption structures on China's energy efficiency based on time-series data from 1979 to 2010. Test results show that: there is long-term equilibrium relationship of the energy prices, industrial structure, energy consumption structure and energy efficiency; coal prices, industrial structure and energy consumption structure are the Granger reasons of energy efficiency both in the short and long run; while the oil and electricity prices only constitute the long-term Granger reasons of energy efficiency. Finally, it analyzed the implications of policies of the empirical results and provided some constructive suggestions.

You might also be interested in these eBooks

Resources and Sustainable Development III

View Preview

Info:

Periodical:

Advanced Materials Research (Volumes 962-965)

Pages:

1767-1772

DOI:

https://doi.org/10.4028/www.scientific.net/AMR.962-965.1767

Citation:

Cite this paper

Online since:

June 2014

Authors:

Zun Ming Ren

Keywords:

Co-Integration Test, Energy Efficiency, Energy Prices, Granger Causality Test

Export:

RIS, BibTeX

Price:

Permissions CCC:

Request Permissions

Permissions PLS:

Request Permissions

Сopyright:

Citation:

References

[1] Johansen S. Statistical analysis of cointegration vectors. Journal of Economic Dynamics and Control 1988; 12: 231–254.

DOI: 10.1016/0165-1889(88)90041-3

Google Scholar

[2] Johansen S, Juselius K. Maximum likelihood estimation and inference on cointegration: with application to the demand of money. Oxford Bulletin of Economics and Statistics 1990; 52: 169–210.

DOI: 10.1111/j.1468-0084.1990.mp52002003.x

Google Scholar

[3] JH Stock, MW Watson. A simple estimator of cointegrating vectors in higher order integrated systems. Econometric 1993; 61: 783-820.

DOI: 10.2307/2951763

Google Scholar

[4] RL Brown, J Durbin, JM Evans. Techniques for testing the constancy of regression relationships over time. Journal of the Royal Statistical Society, Series B 1975; 37: 149–192.

DOI: 10.1111/j.2517-6161.1975.tb01532.x

Google Scholar

[5] PCB Phillips, P Perron. 1988. Testing for a unit root in time series regression. Biometrika 1988; 75: 335–346.

DOI: 10.1093/biomet/75.2.335

Google Scholar