How did the price and income elasticities of natural gas demand in China evolve from 1999 to 2015? The role of natural gas price reform
投稿时间:2018-10-10  
英文关键词:Natural gas demand, Price and income elasticities, Price reform, Regional analysis, China
基金项目:Financial support from the National Social Science Foundation of China (Grant Nos. 17BGL014 and 18VDL017) is acknowledged. We also gratefully acknowledge the helpful comments from the editors and anonymous reviewers, which greatly improved this manuscript.
作者单位
Kangyin Dong School of Business Administration, China University of Petroleum-Beijing, Beijing 102249, China
Department of Agricultural, Food and Resource Economics, Rutgers, The State University of New Jersey, New Brunswick, NJ 08901, USA 
Xiucheng Dong School of International Trade and Economics, University of International Business and Economics, Beijing 100029, China 
Renjin Sun School of Business Administration, China University of Petroleum-Beijing, Beijing 102249, China
State Key Laboratory of Heavy Oil Processing, China University of Petroleum-Beijing, Beijing 102249, China 
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英文摘要:
      As a cleaner, high-efficiency, and low-carbon fuel, natural gas has been an important fuel resource for China. To achieve a substantial increase in natural gas demand, China has sought to reform its natural gas pricing mechanism. Employing a set of unbalanced panel data for China’s 30 provinces covering 1999–2015, this study aims to estimate the evolving price and income elasticities of natural gas demand and explore the effect of natural gas price reform in China. For this purpose, a series of econometric techniques allowing for cross-sectional dependence and slope homogeneity is utilized. The results suggest that although natural gas demand in China still lacks negative price elasticity, the phenomenon is improving. Moreover, the estimates suggest that natural gas demand in China is indeed becoming increasingly sensitive to income changes. Our estimates also provide strong evidence in favor of the effect of natural gas price reform on the change in price elasticity as the price elasticity decreases in five of the seven regions. In addition, the results indicate large variations in the change in price and income elasticities of natural gas demand across China’s regions. Natural gas demand is becoming more price inelastic in Southwest China and Northwest China, while such demand in North China and East China responds less sensitively to income changes. These findings offer several policy suggestions for the reform of China’s natural gas market at the national and regional levels.
Kangyin Dong,Xiucheng Dong,Renjin Sun,2019.How did the price and income elasticities of natural gas demand in China evolve from 1999 to 2015? The role of natural gas price reform.Petroleum Science,(3):685~700.
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