UM  > Faculty of Business Administration
Residential Collegefalse
Status已發表Published
Market-driven coal prices and state-administered electricity prices in China
Ming-Hua Liu1; Dimitris Margaritis2; Yang Zhang1
2013-11
Source PublicationEnergy Economics
ABS Journal Level3
ISSN0140-9883
Volume40Pages:167-175
Abstract

This paper analyzes how the Chinese government adjusts electricity prices for both industrial and residential users in response to changes in coal prices using an asymmetric error correction model. Our results show that there is a long-term relation between the coal price and electricity prices but the relationship is weak especially for residential pricing. In the short run, we find electricity prices are adjusting faster upwards than downwards. Price adjustment towards long-run equilibrium is faster for residential users upwards than downwards. On the other hand, we find no evidence of asymmetric equilibrium adjustment in the electricity price for industrial use. The weak long-term relationship reflects the rigidity in electricity pricing and government's reluctance to subject end users to fluctuations of raw materials cost shifts.

KeywordAsymmetric Adjustment China Coal Price Electricity Prices Error Correction Model
DOI10.1016/j.eneco.2013.05.021
URLView the original
Indexed BySSCI
Language英語English
WOS Research AreaBusiness & Economics
WOS SubjectEconomics
WOS IDWOS:000329081300016
PublisherELSEVIERRADARWEG 29, 1043 NX AMSTERDAM, NETHERLANDS
The Source to ArticleScopus
Scopus ID2-s2.0-84880993869
Fulltext Access
Citation statistics
Document TypeJournal article
CollectionFaculty of Business Administration
DEPARTMENT OF FINANCE AND BUSINESS ECONOMICS
Corresponding AuthorMing-Hua Liu
Affiliation1.Faculty of Business Administration, University of Macau, Macao
2.University of Auckland Business School, Auckland, New Zealand
First Author AffilicationFaculty of Business Administration
Corresponding Author AffilicationFaculty of Business Administration
Recommended Citation
GB/T 7714
Ming-Hua Liu,Dimitris Margaritis,Yang Zhang. Market-driven coal prices and state-administered electricity prices in China[J]. Energy Economics, 2013, 40, 167-175.
APA Ming-Hua Liu., Dimitris Margaritis., & Yang Zhang (2013). Market-driven coal prices and state-administered electricity prices in China. Energy Economics, 40, 167-175.
MLA Ming-Hua Liu,et al."Market-driven coal prices and state-administered electricity prices in China".Energy Economics 40(2013):167-175.
Files in This Item:
There are no files associated with this item.
Related Services
Recommend this item
Bookmark
Usage statistics
Export to Endnote
Google Scholar
Similar articles in Google Scholar
[Ming-Hua Liu]'s Articles
[Dimitris Margaritis]'s Articles
[Yang Zhang]'s Articles
Baidu academic
Similar articles in Baidu academic
[Ming-Hua Liu]'s Articles
[Dimitris Margaritis]'s Articles
[Yang Zhang]'s Articles
Bing Scholar
Similar articles in Bing Scholar
[Ming-Hua Liu]'s Articles
[Dimitris Margaritis]'s Articles
[Yang Zhang]'s Articles
Terms of Use
No data!
Social Bookmark/Share
All comments (0)
No comment.
 

Items in the repository are protected by copyright, with all rights reserved, unless otherwise indicated.