Query Result Set
Skip Navigation Links
   ActiveUsers:1207Hits:21031862Skip Navigation Links
Show My Basket
Contact Us
IDSA Web Site
Ask Us
Today's News
HelpExpand Help
Advanced search

  Hide Options
Sort Order Items / Page
WU, JUNLONG (1) answer(s).
 
SrlItem
1
ID:   093486


Relationship among energy prices and energy consumption in Chin / Yuan, Chaoqing; Liu, Sifeng; Wu, Junlong   Journal Article
Yuan, Chaoqing Journal Article
0 Rating(s) & 0 Review(s)
Publication 2010.
Summary/Abstract The pricing mechanism for energy is not in line with the international standards, because the energy prices are controlled by the government partly or completely in China. Chinese government made a lot of efforts to improve the pricing mechanism for energy. The relations between Chinese energy prices and energy consumption are the foundations to reform the mechanism. In this paper, the relations between Chinese energy consumption and energy prices are researched by cointegration equations, impulse response functions, granger causality and variance decomposition. The cointegration relations among energy prices, energy consumption and economic outputs show that higher energy price will decrease energy consumption in Chinese industrial sectors but will not reduce the economic output in the long run. The cointegration relation between energy price and household energy consumption shows that higher energy price will decrease household energy consumption in the long run and increase it in the short run. So Chinese government should deepen the reform of pricing mechanism for energy, and increase the energy prices reasonably to save energy.
        Export Export