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| DOI | 10.1016/j.enpol.2021.112509 |
| Macroeconomic impacts of power sector reforms in China | |
| Timilsina G.R.; Pang J.; Yang X. | |
| 发表日期 | 2021 |
| ISSN | 03014215 |
| 卷号 | 157 |
| 英文摘要 | Many countries have undertaken market-oriented reforms of the power sector over the past four decades. However, the literature has not investigated whether the reforms have contributed to economic growth. This study assesses the potential macroeconomic impacts of following the market-based principle in operating and expanding the power system, an important ingredient of the power sector reform launched in China in 2015. The study uses a hybrid modeling approach by coupling a top-down computable general equilibrium model with a bottom-up energy sector TIMES model. The study finds that electricity prices in China would be 20 percent lower than the country is likely to experience in 2020 if the country follows the market principle to expand and operate the power system. The price reduction would spill over throughout the economy, resulting in an increase in the gross domestic product of more than one percent (or more than a billion US dollars) in 2020. It would also have positive impacts on most economic indicators, including household income and international trade. The findings quantitatively highlight the importance of implementing the 2015 power sector reforms in China and further expanding the initiatives in the future. © 2021 |
| 关键词 | ChinaComputable general equilibrium modelingMacroeconomic impactsPower sector planningPower sector reforms |
| 英文关键词 | Economic analysis; Economic and social effects; Hazardous materials spills; China; Computable general equilibrium model; Economic growths; Hybrid modelling; Macroeconomic impact; Market-oriented reforms; Power; Power sector; Power sector planning; Power sector reform; International trade |
| 语种 | 英语 |
| 来源期刊 | Energy Policy
 |
| 文献类型 | 期刊论文 |
| 条目标识符 | http://gcip.llas.ac.cn/handle/2XKMVOVA/205372 |
| 作者单位 | Development Research Group, World Bank, United States; School of Environment and Natural Resources, Renmin University, Beijing, China; China University of Petroleum, Beijing, Beijing, China |
| 推荐引用方式 GB/T 7714 | Timilsina G.R.,Pang J.,Yang X.. Macroeconomic impacts of power sector reforms in China[J],2021,157. |
| APA | Timilsina G.R.,Pang J.,&Yang X..(2021).Macroeconomic impacts of power sector reforms in China.Energy Policy,157. |
| MLA | Timilsina G.R.,et al."Macroeconomic impacts of power sector reforms in China".Energy Policy 157(2021). |
| 条目包含的文件 | 条目无相关文件。 | |||||
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