期刊
ENERGY POLICY
卷 88, 期 -, 页码 56-63出版社
ELSEVIER SCI LTD
DOI: 10.1016/j.enpol.2015.10.012
关键词
Urbanization; Residential energy demand; Expenditure elasticity; Price elasticity; Almost Ideal Demand System model
资金
- National Natural Science Foundation of China [71303199]
- Ministry of Education Foundation of China [13YJC790123]
- Soft Science Plan Funded Project of Fujian Province, China [2014R0088]
- Natural Science Foundation of Fujian Province, China [2014J01269]
- Overseas Published Project for Humanities and Social Science of East China Normal University, China [2015HW006]
- Guiding Fund for disciplinary development of Business School at East China Normal University, China [201411fkfzyd11]
- Fundamental Research Funds for the Central Universities [20720151026, 20720151038]
Urbanization, one of the most obvious characteristics of economic growth in China, has an apparent lock-in effect on residential energy consumption pattern. It is expected that residential sector would become a major force that drives China's energy consumption after urbanization process. We estimate price and expenditure elasticities of residential energy demand using data from China's Residential Energy Consumption Survey (CRECS) that covers households at different income levels and from different regional and social groups. Empirical results from the Almost Ideal Demand System model are in accordance with the basic expectations: the demands for electricity, natural gas and transport fuels are inelastic in the residential sector due to the unreasonable pricing mechanism. We further investigate the sensitivities of different income groups to prices of the three types of energy. Policy simulations indicate that rationalizing energy pricing mechanism is an important guarantee for energy sustainable development during urbanization. Finally, we put forward suggestions on energy pricing reform in the residential sector based on characteristics of China's undergoing urbanization process and the current energy consumption situations. (C) 2015 Elsevier Ltd. All rights reserved.
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