Browsing by Author "Li, Jia"
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Energy consumption and income in Chinese provinces: heterogeneous panel causality analysis
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Publisher and Date:(Elsevier Science, 2012)Recently energy production in China fell behind energy consumption. This poses important challenges for the rapidly growing Chinese economy. As a consequence the causal relationship between energy consumption and GDP is an important empirical issue. This paper examines Granger causality between energy consumption and GDP in China using province-level data. The current paper extends the Granger causality analysis employed in previous studies by taking into account panel heterogeneity. Specifically ...
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General equilibrium evaluation of deregulation in energy sectors in China
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Publisher and Date:(Routledge Journals Taylor & Francis Ltd, 2015)The central government in China has implemented ambitious energy policy reforms since 1978. An important pillar of these reforms is the deregulation in the energy markets which manifests itself in the formation of energy prices. This study examines the macroeconomic impacts of deregulation in China using an applied CGE model and counterfactual policy simulations. The results point to substantial welfare improvement. Sectoral results point to a reallocation of resources and diversion of economic ...
