China Economic Review┃Energy consumption of urban households in China

Energy consumption of urban households in China

China Economic Review, Vol. 58, December 2019, 101343

Wenhao Hu (胡文皓), Mun S. Ho, Jing Cao

Abstract

We estimate China urban household energy demand as part of a complete system of consumption demand so that it can be used in economy-wide models. This allows us to derive cross-price elasticities unlike studies which focus on one type of energy. We implement a two-stage approach and explicitly account for electricity, domestic fuels and transportation demand in the first stage and gasoline, coal, LPG and gas demand in the second stage. We find income inelastic demand for electricity and home energy, but the elasticity is higher than estimates in the rich countries. Demand for total transportation is income elastic. The price elasticity for electricity is estimated to be −0.5 and in the range of other estimates for China, and similar to long-run elasticities estimated for the U.S.

文章全文参见链接：

https://www.sciencedirect.com/science/article/pii/S1043951X1930104X