Show simple item record  

dc.contributor.authorMa, Hengyun
dc.contributor.authorOxley, Les
dc.contributor.authorGibson, John
dc.date.accessioned2009-07-14T02:20:37Z
dc.date.available2009-07-14T02:20:37Z
dc.date.issued2009
dc.identifier.citationMa, H., Oxley, L. & Gibson, J. (2009). Gradual reforms and the emergence of energy market in China: Evidence from tests for convergence of energy prices. Energy Policy, 37(11), 4834-4850.en
dc.identifier.urihttps://hdl.handle.net/10289/2674
dc.description.abstractThis study investigates the emergence of energy markets by testing for convergence of energy prices with a new dataset on energy spot prices in 35 major cities in China. Both descriptive statistics and unit root are employed to test the convergence of energy prices for each of four fuel price series. The whole study period is divided into two sub-periods in order to reconcile the gradual energy reforms. The results show the steady improvement in energy market performance in China, especially during the second sub-period, which suggests that the market appears to be playing an increasing role in determining energy prices. While panel unit root tests show energy markets are integrated in China as a whole, city-by-city univariate unit root tests suggest that there are still many regional energy markets, probably because energy reserves (especially coal) vary widely across regions. Since China's energy economy is gradually moving towards market-oriented mechanisms, the existing literature may become obsolete soon.en
dc.language.isoen
dc.publisherElsevieren_NZ
dc.subjectChinaen
dc.subjectenergyen
dc.subjectprice convergenceen
dc.titleGradual reforms and the emergence of energy market in China: Evidence from tests for convergence of energy pricesen
dc.typeJournal Articleen
dc.identifier.doi10.1016/j.enpol.2009.06.055en
dc.relation.isPartOfEnergy Policyen_NZ
pubs.begin-page4834en_NZ
pubs.elements-id34192
pubs.end-page4850en_NZ
pubs.issue11en_NZ
pubs.volume37en_NZ


Files in this item

FilesSizeFormatView

There are no files associated with this item.

This item appears in the following Collection(s)

Show simple item record