TY - JOUR
T1 - What is driving China's decline in energy intensity?
AU - Fisher-Vanden, Karen
AU - Jefferson, Gary H.
AU - Liu, Hongmei
AU - Tao, Quan
N1 - Funding Information:
We would like to thank Su Jian for excellent research assistance. We also thank Messers Xu Jianyi, Ma Jingkui, and Liu Fujiang for making the Dartmouth-Brandeis-NBS collaboration possible, and Jim Feyrer, Mun Ho, Adam Jaffe and participants at the Rockefeller Center’s faculty seminar (February 2002) for helpful comments. This research was supported by the Rockefeller Center at Dartmouth College, the US Department of Energy’s Biological and Environmental Research Program (contract #DE-FG02-00ER63030), and the National Science Foundation (project/grant #450823). Finally, we appreciate the helpful comments of outside reviewers of earlier versions of this paper.
PY - 2004/3
Y1 - 2004/3
N2 - While energy intensity in China has fallen almost continuously since the onset of economic reform in the late 1970s, beginning in 1996 the data show a striking decline in China's absolute level of energy use. Most of this decline can be accounted for by falling coal consumption in the industrial sector. In order to investigate this energy puzzle, this paper employs a unique set of panel data for approximately 2500 of China's most energy intensive large and medium-sized industrial enterprises during 1997-1999. Rising relative energy prices, research and development expenditures, and ownership reform in the enterprise sector, as well as shifts in China's industrial structure, emerge as the principal drivers of China's declining energy intensity and use.
AB - While energy intensity in China has fallen almost continuously since the onset of economic reform in the late 1970s, beginning in 1996 the data show a striking decline in China's absolute level of energy use. Most of this decline can be accounted for by falling coal consumption in the industrial sector. In order to investigate this energy puzzle, this paper employs a unique set of panel data for approximately 2500 of China's most energy intensive large and medium-sized industrial enterprises during 1997-1999. Rising relative energy prices, research and development expenditures, and ownership reform in the enterprise sector, as well as shifts in China's industrial structure, emerge as the principal drivers of China's declining energy intensity and use.
UR - http://www.scopus.com/inward/record.url?scp=1342266621&partnerID=8YFLogxK
UR - http://www.scopus.com/inward/citedby.url?scp=1342266621&partnerID=8YFLogxK
U2 - 10.1016/j.reseneeco.2003.07.002
DO - 10.1016/j.reseneeco.2003.07.002
M3 - Article
AN - SCOPUS:1342266621
SN - 0928-7655
VL - 26
SP - 77
EP - 97
JO - Resource and Energy Economics
JF - Resource and Energy Economics
IS - 1
ER -