气候变化领域集成服务门户(CCPortal): Estimating the long-run crude oil demand function of China: Some new evidence and policy options

CCPortal

DOI	10.1016/j.enpol.2022.113244
	Estimating the long-run crude oil demand function of China: Some new evidence and policy options
	Li, Sisi; Khan, Sufyan Ullah; Yao, Yao; Chen, George S.; Zhang, Lin; Salim, Ruhul; Huo, Jiaying
发表日期	2022
ISSN	0301-4215
EISSN	1873-6777
卷号	170 页码:11
英文摘要	China's remarkable economic progress over the past three decades has been complemented by massive energy consumption. Although coal has long been the primary energy source, the rise in crude oil use has been viewed as more contentious, because a large portion of crude oil is imported, whereas the economy is mostly self-sufficient in coal. We examine the role of R&D effort and self-sufficiency on China's oil import function from 1980 to 2020. Using the autoregressive distributed lag model, we find that the R&D effort raises oil imports in the long run. However, we find oil imports to be independent from self-sufficiency in the long run. We also find that China's accession to the World Trade Organization has significantly changed the cointegrating relationship in the oil import function. Our results suggest that the government should continue to incentivize energy-saving measures and fund research projects on renewable energy sources. Furthermore, deregulation in the oil market is quin-tessential to energy security and stable growth in the long run.
英文关键词	Crude oil; Demand function; Energy consumption; New energy pricing system; ARDL; China
学科领域	Economics; Energy & Fuels; Environmental Sciences; Environmental Studies
语种	英语
WOS研究方向	Business & Economics ; Energy & Fuels ; Environmental Sciences & Ecology
WOS记录号	WOS:000876937700008
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/272054
作者单位	Shanghai Lixin University of Accounting & Finance; University of New England; City University of Hong Kong; Curtin University; Sehan University
推荐引用方式 GB/T 7714	Li, Sisi,Khan, Sufyan Ullah,Yao, Yao,et al. Estimating the long-run crude oil demand function of China: Some new evidence and policy options[J],2022,170:11.
APA	Li, Sisi.,Khan, Sufyan Ullah.,Yao, Yao.,Chen, George S..,Zhang, Lin.,...&Huo, Jiaying.(2022).Estimating the long-run crude oil demand function of China: Some new evidence and policy options.ENERGY POLICY,170,11.
MLA	Li, Sisi,et al."Estimating the long-run crude oil demand function of China: Some new evidence and policy options".ENERGY POLICY 170(2022):11.