Petroleum Science >2022,??lssue 1:??- DOI: https://doi.org/10.1016/j.petsci.2021.12.028
Urban natural gas demand and factors analysis in China: Perspectives of price and income elasticities Open?Access
文章信息
作者：Jia-Man Li, Xiu-Cheng Dong, Qin-Zhe Jiang, Kang-Yin Dong,
作者单位：
投稿时间：
引用方式：Jia-Man Li, Xiu-Cheng Dong, Qin-Zhe Jiang, Kang-Yin Dong, Urban natural gas demand and factors analysis in China: Perspectives of price and income elasticities, Petroleum Science, Volume 19, Issue 1, 2022, Pages 429-440, https://doi.org/10.1016/j.petsci.2021.12.028.
文章摘要
Abstract
Urban natural gas is becoming the main sector driving China's natural gas consumption growth in recent years. This study explores the impacts of urban natural gas price, wage, socioeconomic determinants, and meteorological conditions on urban natural gas demand in China over 2006–2017. Furthermore, this study also analyzes the potential regional heterogeneity and asymmetry in the impacts of gas price and income on China's urban gas demand. Empirical results reveal that: (1) The increased gas price can significantly reduce the urban gas demand, and the average income level may effectively promote the gas demand, also, a strong switching effect exists between electricity and natural gas in urban China; (2) these impacts are heterogeneous in regions among China, urban natural gas demand is largely affected by the gas price in regions with high-gas-price and by income in regions with low-gas-price; and (3) the impact of gas price on urban gas consumption is consistent in regions with different urban natural gas consumption, while the impact of income is asymmetric. This study further provides several policy implications for improving the urban natural gas industry in China.
Urban natural gas is becoming the main sector driving China's natural gas consumption growth in recent years. This study explores the impacts of urban natural gas price, wage, socioeconomic determinants, and meteorological conditions on urban natural gas demand in China over 2006–2017. Furthermore, this study also analyzes the potential regional heterogeneity and asymmetry in the impacts of gas price and income on China's urban gas demand. Empirical results reveal that: (1) The increased gas price can significantly reduce the urban gas demand, and the average income level may effectively promote the gas demand, also, a strong switching effect exists between electricity and natural gas in urban China; (2) these impacts are heterogeneous in regions among China, urban natural gas demand is largely affected by the gas price in regions with high-gas-price and by income in regions with low-gas-price; and (3) the impact of gas price on urban gas consumption is consistent in regions with different urban natural gas consumption, while the impact of income is asymmetric. This study further provides several policy implications for improving the urban natural gas industry in China.
关键词
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Urban natural gas demand; Natural gas price; Average wage; Regional heterogeneity; Asymmetry analysis