Can market oriented economic reforms contribute to energy efficiency improvement? Evidence from China

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	Can market oriented economic reforms contribute to energy efficiency improvement? Evidence from China
	Fan, Y; Liao, H; Wei, YM
发表期刊	ENERGY POLICY
关键词	Energy Efficiency Elasticity China
摘要	Since China accelerated its market oriented economic reforms at the end of 1992, its energy intensity has declined 3.6% annually over 1993-2005. However, its energy intensity declined 4.2% annually during its first reform period 1979-1992. Therefore, can we conclude that the accelerated marketization since the end of 1992 has made no contribution to its energy efficiency improvement? In order to answer this challenging question, we examine the changes of energy own-price elasticity, as well as the elasticities of substitution between energy and non-energy (capital and labor) in China during the periods of 1979-1992 and 1993-2003. Generally, in transition or developing economies, holding the technology and output level fixed, if the energy own-price elasticity (algebraic value) declines or the substitution elasticity between factors rises, they will contribute to energy efficiency improvement. Our empirical study finds that: (1) during 1979-1992, the energy own-price elasticity is positive (0.285), and capital-energy, labor-energy are both Morishima complementary; which indicates a distorted energy price and inefficient allocation; and (2) during 1993-2003, the own-price elasticity for energy is negative (-1.236), and capital-energy and labor-energy are both Morishima substitute. All factor demands become more elastic, and all elasticities of substitution increase. The implication is that the accelerated marketization contributes substantially to energy efficiency improvement since 1993. (c) 2006 Elsevier Ltd. All rights reserved.
	2007
卷号	35 期号:4 页码:9,2287-2295
ISSN	0301-4215
学科领域	Energy & Fuels ; Environmental Sciences ; Environmental Studies
收录类别	SCI
语种	英语
WOS记录号	WOS:000245634400025
引用统计	被引频次：89[WOS] [WOS记录] [WOS相关记录]
文献类型	期刊论文
条目标识符	http://ir.casisd.cn/handle/190111/4937
专题	中国科学院科技政策与管理科学研究所(1985年6月-2015年12月)
推荐引用方式 GB/T 7714	Fan, Y,Liao, H,Wei, YM. Can market oriented economic reforms contribute to energy efficiency improvement? Evidence from China[J]. ENERGY POLICY,2007,35(4):9,2287-2295.
APA	Fan, Y,Liao, H,&Wei, YM.(2007).Can market oriented economic reforms contribute to energy efficiency improvement? Evidence from China.ENERGY POLICY,35(4),9,2287-2295.
MLA	Fan, Y,et al."Can market oriented economic reforms contribute to energy efficiency improvement? Evidence from China".ENERGY POLICY 35.4(2007):9,2287-2295.

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