China's energy economy: A survey of the literature

Abstract This paper reviews the literature on China's energy economy, focusing particularly on: (i) the relationship between energy consumption and economic growth; (ii) China's changing energy intensity; (iii) energy demand and energy-non-energy substitution; (iv) the emergence of energy markets in China; and (v) economic reforms in the energy industry. After reviewing the literature, the paper presents the main findings that some important issues remain unanswered, for example, what determines energy consumption behavior; the effects of substitution of and demand for energy; and technological change effects on energy intensity. Finally, the review suggests some topics worthy of future study.

[1]  B. W. Ang,et al.  Decomposition analysis for policymaking in energy:: which is the preferred method? , 2004 .

[2]  Jin-ping Huang,et al.  Industry energy use and structural change: A case study of The People's Republic of China , 1993 .

[3]  Li Wei.  STUDY ON CAUSAL RELATIONSHIP BETWEEN COAL CONSUMPTION AND ECONOMIC GROWTH IN CHINA , 2007 .

[4]  Lawrence J. Lau,et al.  Reform without Losers: An Interpretation of China's Dual‐Track Approach to Transition , 2000, Journal of Political Economy.

[5]  H. Welsch,et al.  Energy-Capital-Labor Substitution and the Economic Effects of CO2 Abatement: Evidence for Germany , 2000 .

[6]  Lee Schipper,et al.  Manufacturing Energy Use in Eight OECD Countries: Trends through 1988 , 1991 .

[7]  Jin-ping Huang.  Electricity consumption and economic growth A case study of China , 1993 .

[8]  Ramazan Sari,et al.  The growth of income and energy consumption in six developing countries , 2007 .

[9]  Chi-Chung Chen,et al.  The relationship between GDP and electricity consumption in 10 Asian countries , 2007 .

[10]  J. Cherni,et al.  Renewable energy policy and electricity market reforms in China , 2007 .

[11]  Chunbo Ma,et al.  From State Monopoly to Renewable Portfolio: Restructuring China's Electric Utility , 2008 .

[12]  Linda Wårell,et al.  Market Integration in the International Coal Industry: A Cointegration Approach , 2006 .

[13]  Xiangdong Wei,et al.  The Law of One Price: Evidence from the Transitional Economy of China , 2006, The Review of Economics and Statistics.

[14]  D. Christopoulos,et al.  The demand for energy in Greek manufacturing , 2000 .

[15]  R. Mahadevan,et al.  Energy consumption, economic growth and prices: A reassessment using panel VECM for developed and developing countries , 2007 .

[16]  Yi-Ming Wei,et al.  What induced China's energy intensity to fluctuate: 1997–2006? , 2007 .

[17]  V. Smil,et al.  Energy in China's Modernization; Advances and Limitations , 1989 .

[18]  G. D. Nan,et al.  A definition of the gross domestic product-electrification interrelationship , 1994 .

[19]  Stephen Dow,et al.  The Ongoing Reforms to China's Government and State Sector: The case of the energy industry , 2000 .

[20]  José A. Pagán,et al.  Economic growth and interfactor/interfuel substitution in Korea , 2003 .

[21]  H. Chan,et al.  Forecasting the Demand for Energy in China , 1996 .

[22]  Kwong Wing Chau,et al.  Short- and long-run effects between oil consumption and economic growth in China , 2006 .

[23]  Dequn Zhou,et al.  The contribution degree of sub-sectors to structure effect and intensity effects on industry energy intensity in China from 1993 to 2003 , 2009 .

[24]  Jiahai Yuan,et al.  Energy consumption and economic growth : Evidence from China at both aggregated and disaggregated levels , 2008 .

[25]  Electricity Consumption and Economic Growth in China I , 2005 .

[26]  Jonathan D. Cryer,et al.  Time Series Analysis , 1986 .

[27]  W. B. Davis,et al.  Comparison of six decomposition methods: application to aggregate energy intensity for manufacturing in 10 OECD countries , 1997 .

[28]  E. Berndt,et al.  Technology, Prices, and the Derived Demand for Energy , 1975 .

[29]  John Asafu-Adjaye,et al.  The relationship between energy consumption, energy prices and economic growth: time series evidence from Asian developing countries , 2000 .

[30]  Yi-Ming Wei,et al.  Can market oriented economic reforms contribute to energy efficiency improvement? Evidence from China , 2007 .

[31]  Dimitri Sanga.  Index Numbers , 2011, International Encyclopedia of Statistical Science.

[32]  Chun-Ping Chang,et al.  Energy consumption and GDP revisited: A panel analysis of developed and developing countries , 2007 .

[33]  Thomas G. Rawski.  What is happening to China's GDP statistics? , 2001 .

[34]  Ernst R. Berndt,et al.  Engineering and Econometric Interpretations of Energy-Capital Complementarity: Reply and Further Results , 1979 .

[35]  Fatih Birol,et al.  Prices, technology development and the rebound effect , 2000 .

[36]  Hengyun Ma,et al.  Modeling China's energy consumption behavior and changes in energy intensity , 2009, Environ. Model. Softw..

[37]  G. Jefferson,et al.  What is driving China's decline in energy intensity? , 2004 .

[38]  B. W. Ang,et al.  Eight methods for decomposing the aggregate energy-intensity of industry , 2003 .

[39]  Hao-Yen Yang,et al.  A note on the causal relationship between energy and GDP in Taiwan , 2000 .

[40]  Sistema politico,et al.  Office of Energy Efficiency and Renewable Energy , 2020, Federal Regulatory Guide.

[41]  Hengyun Ma,et al.  China's Energy Economy: Technical Change, Factor Demand and Interfactor/Interfuel Substitution , 2008 .

[42]  China's Energy Consumption and Economic Growth:A Study based on the Cointegration Analysis and Granger Causality Test , 2007 .

[43]  Hengyun Ma,et al.  Gradual reforms and the emergence of energy market in China: Evidence from tests for convergence of energy prices , 2009 .

[44]  D. Stern,et al.  China's Changing Energy Intensity Trend: A Decomposition Analysis , 2008 .

[45]  J. Medina,et al.  Energy as a productive input: The underlying technology for Portugal and Spain , 2000 .

[46]  Xiannuan Lin,et al.  Input–Output Anatomy of China's Energy Use Changes in the 1980s , 1995 .

[47]  Judith Gurney.  BP Statistical Review of World Energy , 1985 .

[48]  Energy Market Integration in China , 2007 .

[49]  B. W. Ang,et al.  The LMDI approach to decomposition analysis: a practical guide , 2005 .

[50]  R. Stevenson.  Measuring Technological Bias , 1980 .

[51]  Anthony D. Owen,et al.  China's potential as an energy exporter , 1989 .

[52]  R. Lucas.  On the Mechanics of Economic Development , 1988 .

[53]  Zhou Yong,et al.  The Action of Structure and Efficiency on Chinese Energy Intensity——An Empirical Analysis Based on AWD , 2006 .

[54]  ZhongXiang Zhang,et al.  Why Did the Energy Intensity Fall in China's Industrial Sector in the 1990s? The Relative Importance of Structural Change and Intensity Change , 2003 .

[55]  A. Shiu,et al.  Electricity consumption and economic growth in China , 2004 .

[56]  S. L. Croix,et al.  Energy Consumption and Economic Activity in China , 1993 .

[57]  Mark D. Levine,et al.  Changing energy intensity in Chinese industry: The relatively importance of structural shift and intensity change , 1994 .

[58]  B. Wang,et al.  An imbalanced development of coal and electricity industries in China , 2007 .

[59]  Wenying Chen,et al.  The reform of electricity power sector in the PR of China , 2006 .

[60]  Chien‐Chiang Lee,et al.  Energy consumption and economic growth in Asian economies: A more comprehensive analysis using panel data , 2008 .

[61]  Steinar Strøm,et al.  Manufacturing energy use in eight OECD countries: Decomposing the impacts of changes in output, industry structure and energy intensity , 1991 .

[62]  James D. Hamilton.  Time Series Analysis , 1994 .

[63]  Z. Lei.  Analysis Basic Situation of China's Energy Security , 2006 .

[64]  Chien-Chiang Lee,et al.  Energy consumption and GDP in developing countries: A cointegrated panel analysis , 2005 .

[65]  B. W. Ang,et al.  Factors shaping aggregate energy intensity trend for industry: Energy intensity versus product mix , 2007 .

[66]  Heinz Welsch,et al.  The determinants of aggregate energy use in West Germany: factor substitution, technological change, and trade , 2005 .

[67]  Tao Zhao,et al.  Analysis of interactions among the barriers to energy saving in China , 2008 .

[68]  Fridtjof Unander,et al.  Oil Crises and Climate Challenges: 30 Years of Energy Use in IEA Countries , 2004 .

[69]  Tatsu Kambara,et al.  The Energy Situation in China , 1992, The China Quarterly.

[70]  Jun Dong,et al.  Opportunity for inter-regional integration of electricity markets: the case of Shandong and Shanghai in East China , 2004 .

[71]  Dale W. Jorgenson,et al.  Why Has the Energy-Output Ratio Fallen in China? , 1999 .

[72]  An Analysis of Fuel Demand and Carbon Emissions in China , 2004 .

[73]  J. Sun,et al.  Accounting for energy use in China, 1980–94 , 1998 .

[74]  Manuel Frondel,et al.  Empirical assessment of energy-price policies: the case for cross-price elasticities , 2004 .

[75]  Sandra Poncet,et al.  Measuring Chinese Domestic and Iternational Integration , 2003 .

[76]  Vaclav Smil,et al.  Energy in China's Modernization , 1988 .

[77]  Fan Ying,et al.  Research on change features of Chinese energy intensity and economic structure , 2004 .

[78]  L. Hằng,et al.  The impacts of energy prices on energy intensity: Evidence from China , 2007 .

[79]  Shi Bo.  Analysis of the Dominant Effect of China's Energy Change——An Empirical Research Based on the Index Decomposition Model , 2007 .

[80]  Jiahai Yuan,et al.  Electricity consumption and economic growth in China: Cointegration and co-feature analysis , 2007 .

[81]  Jonathan E. Sinton,et al.  Accuracy and reliability of China's energy statistics , 2001 .

[82]  Yanrui Wu,et al.  Deregulation and Growth in China's Energy Sector , 2003 .

[83]  Hengyun Ma,et al.  Substitution possibilities and determinants of energy intensity for China , 2009 .

[84]  G. Wan,et al.  Integration of Rice Markets: The Case of Southern China , 2000 .

[85]  Vaclav Smil,et al.  China's Energy and Resource Uses: Continuity and Change , 1998, The China Quarterly.

[86]  J. Dorian.  Energy in China , 1995 .

[87]  Wang Wen-feng.  Analyzing Five Factors for the Choke Point of China's Energy Sources , 2005 .

[88]  Xiannuan Lin.  China's Energy Strategy: Economic Structure, Technological Choices, and Energy Consumption , 1996 .

[89]  B. W. Ang,et al.  The Application of the Divisia Index to the Decomposition of Changes in Industrial Energy Consumption , 1992 .

[90]  P. Crompton,et al.  Energy consumption in China: past trends and future directions , 2004 .

[91]  Sandra Poncet.  A Fragmented China , 2004 .