Energy efficiency is an important factor in developing energy policies as it represents the extent to which resources support economic output. In recent literature, relevant studies have mainly focused on aggregate energy efficiency, but rarely touched on the marginal efficiency of diverse...

This paper studied the cointegration and causality relations between China's energy consumption and economic growth. It concludes that there is bi-directional causality, but no cointegration, between them; therefore, China may have underestimated the pressure from increasing energy demand and...

Crude oil price has an important effect on national economic production and safety-stock. In this paper, we analysed the trends of Chinese and international crude oil prices and their fluctuations by testing the Granger causality and the dynamic effects to its counterpart. Results show that from...

Many studies, as well as historical events, indicate that oil price shocks affect the macro economy of a country. In this paper we build a Chinese Computable General Equilibrium (CGE) model, with which we simulate the impact on the Chinese economy of international crude oil price when it rises...

Crude oil price has an important effect on national economic production and safety-stock. In this paper, we analysed the trends of Chinese and international crude oil prices and their fluctuations by testing the Granger causality and the dynamic effects to its counterpart. Results show that from...

Many studies, as well as historical events, indicate that oil price shocks affect the macro economy of a country. In this paper we build a Chinese Computable General Equilibrium (CGE) model, with which we simulate the impact on the Chinese economy of international crude oil price when it rises...

Since 1996 China became a net importer of crude oil, energy security has faced lots of supply risks and the issues of security on energy using have become more and more acute. The Chinese government has taken a series of policies and measures and enacted relevant laws to guarantee energy...

Energy, just like labor and capital, is universally acknowledged to be the fundamental production factor and strategic resource of an industrial society. China's sustained rapid economic growth has resulted in its ever-growing energy import dependency, especially oil. Meanwhile, world energy...