魏杰

个人信息Personal Information

副教授   硕士生导师  

性别:男

在职信息:在职

所在单位:经济学院

学历:研究生(博士)毕业

学位:经济学博士学位

毕业院校:美国加州大学河滨分校

学科:数量经济学
金融学

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The sectorally heterogeneous and time-varying price elasticities of energy demand in China

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论文类型:期刊论文

论文编号:105486

第一作者:Banban Wang

通讯作者:Xiujie Tan

合写作者:Jie Wei,Bin Su

发表刊物:Energy Economics

收录刊物:SSCI

关键字:Price elasticity of energy demand Sectoral heterogeneity Time-varying Semiparametric estimation China

发表时间:2021-07-30

影响因子:7.042

摘要:The price elasticities of energy demand are intrinsically sectorally heterogeneous and time-varying, which is crucial for policy assessment, yet little studied. Therefore, in this study, we apply a semiparametric model that allows the coeffcients to vary with continuous and categorical attributes to explore the sector-specifc and yearspecifc price elasticities. We take China as an example, covering 32 industrial sectors from 1999 to 2015. Two main results have been found: (a) yearly average elasticities increased during the sample period and experienced faster growth since the 11th Five-Year-Plan period; and (b) the price elasticities showed signifcant sectoral heterogeneity in their magnitude, range, and trend. Nonmetal products (e.g., cement), metals, and chemicals have the largest elasticities. The mining and equipment manufacturing sectors are close to the sample average value. The light industry sector has the largest heterogeneity. The weighted mean of our results is consistent with those in the existing literature but provides more sector-specifc information.

发布期刊链接:https://www.sciencedirect.com/science/article/pii/S0140988321003728