Projections of Chinese Energy Demands in 2020
AbstractAs current trends of Chinese economic growth and motorization continue, its demand for higher efficiency fuels (oil, gas, and electric power) will increase. This, coupled with China’s limited domestic production, can translate into a massive demand for energy imports. To predict China’s energy demand into 2020, an econometric model of the Chinese energy economy is constructed based on its energy balance. This paper suggests that China’s increase demand for energy imports will be most sensitive to increases in motorization rather than economic growth. It can be partially offset by increasing domestic energy production or energy efficiency.
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Bibliographic InfoPaper provided by Penn Institute for Economic Research, Department of Economics, University of Pennsylvania in its series PIER Working Paper Archive with number 07-012.
Length: 30 pages
Date of creation: 01 Feb 2007
Date of revision:
China; Energy; Energy Demand; Petroleum and Coal; World Energy Markets; Motorization; Energy Efficiency;
Find related papers by JEL classification:
- Q3 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Nonrenewable Resources and Conservation
- Q4 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy
- F1 - International Economics - - Trade
- F2 - International Economics - - International Factor Movements and International Business
- F4 - International Economics - - Macroeconomic Aspects of International Trade and Finance
- L9 - Industrial Organization - - Industry Studies: Transportation and Utilities
- N7 - Economic History - - Economic History: Transport, International and Domestic Trade, Energy, and Other Services
- O53 - Economic Development, Technological Change, and Growth - - Economywide Country Studies - - - Asia including Middle East
- P28 - Economic Systems - - Socialist Systems and Transition Economies - - - Natural Resources; Environment
This paper has been announced in the following NEP Reports:
- NEP-ALL-2007-03-03 (All new papers)
- NEP-CNA-2007-03-03 (China)
- NEP-ENE-2007-03-03 (Energy Economics)
- NEP-SEA-2007-03-03 (South East Asia)
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