Estimates of inter-fuel substitution possibilities in Chinese chemical industry

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	Estimates of inter-fuel substitution possibilities in Chinese chemical industry
	Lin, Boqiang ; Wesseh, Presley K., Jr. ; Lin BQ(林伯强)
刊名	http://dx.doi.org/10.1016/j.eneco.2013.08.017
	2013
关键词	AUTHOR COCITATION ANALYSIS STEEL SECTOR PEARSONS-R NONORTHOGONAL PROBLEMS RIDGE REGRESSION TECHNICAL CHANGE ENERGY ECONOMY DEMAND TECHNOLOGIES IMPACT
英文摘要	The chemical sector is a key driver of China's remarkable growth record and accounts for about 10% of the country's GDP. This has made the industry energy-intensive and consequently a major contributor to greenhouse gas emissions (GHG) and other pollutants. This study has attempted to investigate the potential for inter-fuel substitution between coal, oil, natural gas and electricity in Chinese chemical sector by employing a translog production and cost function. Ridge regression procedure was adopted to estimate the parameters of the function. Estimation results show that all energy inputs are substitutes. In addition, the study produces evidence that the significant role of coal in the Chinese chemical fuel mix converges over time, albeit slowly. These results suggest that price-based policies, coupled with capital subsidy programs can be adopted to redirect technology use towards cleaner energy sources like electricity and natural gas; hence, retaining the ability to fuel the chemical sector, while also mitigating GHG emissions. Notwithstanding, one must understand that the extent to which substituting electricity for coal will be effective depends on the extent to which coal or oil is used in generating electricity. The findings of this study provide general insights and underscore the importance of Chinese government policies that focus on installed capacity of renewable electricity, energy intensity targets as well as merger of enterprises. (C) 2013 Elsevier B.V. All rights reserved.
语种	英语
出版者	ELSEVIER SCIENCE BV
内容类型	期刊论文
源URL	[http://dspace.xmu.edu.cn/handle/2288/90166]
专题	经济学院－已发表论文
推荐引用方式 GB/T 7714	Lin, Boqiang,Wesseh, Presley K., Jr.,Lin BQ. Estimates of inter-fuel substitution possibilities in Chinese chemical industry[J]. http://dx.doi.org/10.1016/j.eneco.2013.08.017,2013.
APA	Lin, Boqiang,Wesseh, Presley K., Jr.,&林伯强.(2013).Estimates of inter-fuel substitution possibilities in Chinese chemical industry.http://dx.doi.org/10.1016/j.eneco.2013.08.017.
MLA	Lin, Boqiang,et al."Estimates of inter-fuel substitution possibilities in Chinese chemical industry".http://dx.doi.org/10.1016/j.eneco.2013.08.017 (2013).