exceeding two paragraphs, may be quoted provided clear attribution is given. Motu Working Papers are research materials circulated by their authors for purposes of information and discussion. They have not necessarily undergone formal peer review or editorial treatment. Abstract Many are interested in China's energy situation, however, numerous energy… (More)
Acknowledgements We are grateful to The College of Business and Economics, University of Canterbury for financial support. This paper has also been published as a University of Canterbury College of Business and Economics Working Paper. exceeding two paragraphs, may be quoted provided clear attribution is given. Motu Working Papers are research materials… (More)
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This paper reviews literature on China's energy economics, focusing especially on: i) the relationship between energy consumption and economic growth, ii) China's changing energy intensity, iii) energy demand and energy-capital and-labor substitution, iv) the emergence of energy markets in China, vi) and policy reforms in the energy industry. After… (More)
China has significantly expanded its dairy cow numbers and increased its dairy processing capacity over the last five year in an attempt to meet increased demand for dairy products. China's net imports of dairy products, however, has expanded at a growth rate in excess of 30% during the same period. To consider why China is still struggling to meet rising… (More)
Employing the new regression tests for Convergence, Club Convergence and Clustering proposed by Phillips and Sul (2007), this paper models and analyzes the behavior of China's energy sectors. Energy market ‗convergence clusters' are identified using new price data and their regional spatial distributions are mapped for four major fuel types; coal, gasoline,… (More)
The paper investigates energy market integration in China by employing univariate, and panel-based unit root tests and Granger causality tests applied to a new, energy price data set. We identify price series that converge either to absolute or relative price parity. In addition we estimate the rates (speed) at which relative prices converge to their… (More)
With its rapid economic growth, China's primary energy consumption has exceeded domestic energy production since 1994, leading to a substantial expansion in energy imports, particularly of oil. China's energy demand has an increasingly significant impact on global energy markets. In this paper Allen partial elasticities of factor and energy substitution,… (More)