| ID | 132615 |
| Title Proper | Using latent variable approach to estimate China×s economy-wide energy rebound effect over 1954-2010 |
| Language | ENG |
| Author | Shao, Shuai ; Huang, Tao ; Yang, Lili |
| Publication | 2014. |
| Summary / Abstract (Note) | The energy rebound effect has been a significant issue in China, which is undergoing economic transition, since it reflects the effectiveness of energy-saving policy relying on improved energy efficiency. Based on the IPAT equation and Brookes× explanation of the rebound effect, this paper develops an alternative estimation model of the rebound effect. By using the estimation model and latent variable approach, which is achieved through a time-varying coefficient state space model, we estimate China×s economy-wide energy rebound effect over 1954-2010. The results show that the rebound effect evidently exists in China as a result of the annual average of 39.73% over 1954-2010. Before and after the implementation of China×s reform and opening-up policy in 1978, the rebound effects are 47.24% and 37.32%, with a strong fluctuation and a circuitously downward trend, respectively, indicating that a stable political environment and the development of market economy system facilitate the effectiveness of energy-saving policy. Although the energy-saving effect of improving energy efficiency has been partly realised, there remains a large energy-saving potential in China. |
| `In' analytical Note | Energy Policy Vol.72, No. ; Sep.2014: p.235-248 |
| Journal Source | Energy Policy Vol.72, No. ; Sep.2014: p.235-248 |
| Key Words | Energy Rebound Effect ; Latent Variable Approach ; State Space Model ; Technological Progress ; China ; Economic Transition ; Energy Saving Policy ; Chinese Energy Policy ; Market Economy System ; Political Environment ; Energy Security ; Energy Efficiency |