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China's energy economy: A survey of the literature

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  • Ma, Hengyun
  • Oxley, Les
  • Gibson, John

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.

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Bibliographic Info

Article provided by Elsevier in its journal Economic Systems.

Volume (Year): 34 (2010)
Issue (Month): 2 (June)
Pages: 105-132

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Handle: RePEc:eee:ecosys:v:34:y:2010:i:2:p:105-132

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Keywords: China Energy Literature review;

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Cited by:
  1. Hengyun Ma & Les Oxley & John Gibson, 2009. "China’s Energy Situation and Its Implications in the New Millennium," Working Papers in Economics 09/01, University of Canterbury, Department of Economics and Finance.
  2. Demirer, RIza & Kutan, Ali M., 2010. "The behavior of crude oil spot and futures prices around OPEC and SPR announcements: An event study perspective," Energy Economics, Elsevier, vol. 32(6), pages 1467-1476, November.
  3. Ma, Chunbo, 2014. "A multi-fuel, multi-sector and multi-region approach to index decomposition: An application to China's energy consumption 1995–2010," Energy Economics, Elsevier, vol. 42(C), pages 9-16.
  4. Zha, Donglan & Ding, Ning, 2014. "Elasticities of substitution between energy and non-energy inputs in China power sector," Economic Modelling, Elsevier, vol. 38(C), pages 564-571.
  5. Raúl Velasco Fernández & Jesus Ramos-Martin & Mario Giampietro, 2013. "The energy metabolism of China and India between 1971-2010: studying the bifurcation," UHE Working papers 2013_02, Universitat Autònoma de Barcelona, Departament d'Economia i Història Econòmica, Unitat d'Història Econòmica.
  6. Tekla Sebestyén Szép, 2013. "Eight Methods for Decomposing the Aggregate Energy Intensity of the Economic Structure," Theory Methodology Practice (TMP), Faculty of Economics, University of Miskolc, vol. 9(01), pages 77-84.
  7. Timilsina, Govinda R. & Mevel, Simon & Shrestha, Ashish, 2011. "Oil price, biofuels and food supply," Energy Policy, Elsevier, vol. 39(12), pages 8098-8105.
  8. Li, Fangyi & Song, Zhouying & Liu, Weidong, 2014. "China's energy consumption under the global economic crisis: Decomposition and sectoral analysis," Energy Policy, Elsevier, vol. 64(C), pages 193-202.

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