China on the move: Oil price explosion?

Skeer, Jeffrey; Wang, Yanjia

doi:10.1016/j.enpol.2006.01.012

Cited by 49 publications

(20 citation statements)

References 4 publications

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“…Some researchers argue that economic growth and key macro-variables are the determinants of energy consumption and hence apply these variables to project energy consumption (Li, 2003;Crompton and Wu, 2005;Skeer and Wang, 2007). For example, Cheng (1999) applied the Granger causality method on the India data for the time period 1952-1995.…”

Section: How Gdp Affects Energy?mentioning

confidence: 98%

The impact of CO2 emissions and economic growth on energy consumption in 58 countries

2015

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a b s t r a c tThis paper attempts to investigate the impact of economic growth and CO 2 emissions on energy consumption for a global panel of 58 countries using dynamic panel data model estimated by means of the Generalized Method of Moments (GMM) for the period 1990-2012. We also estimate this relationship for three regional panels; namely, from Europe and North Asia, Latin America and Caribbean, and SubSaharan, North African and Middle Eastern. The empirical evidence indicates significant positive impact of CO 2 emissions on energy consumption for four global panels. Economic growth has a positive impact on energy consumption and statistically significant only for the four panel.

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Section: How Gdp Affects Energy?mentioning

confidence: 98%

The impact of CO2 emissions and economic growth on energy consumption in 58 countries

2015

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“…Some researchers argue that economic growth and key macro-variables are the determinants of energy consumption and hence apply these variables to project energy consumption (Hirschhausen and Andres, 2000;Li, 2003;Crompton and Wu, 2005;Skeer and Wang, 2007). Others examine the determinants of energy demand before the forecasts are conducted (Chan and Lee, 1996;Wei, 2002;Zou and Chau, 2006;Skeer and Wang, 2006).…”

Section: Literature Reviewmentioning

confidence: 98%

“…As demonstrated in Table 6, from 1990 to 2004, total volume of freight traffic increased 2.6 fold, with an average annual growth rate of 7.6%. According to Skeer and Wang (2007), although the share of highways in total transport volume (passenger and freight) in 2000 was only 14%, the share of its energy use was 68%. The greater energy use in highway transport is due to rapid growth in highway traffic and the number of Table 3 Outputs of some high energy intensity goods in China (1995China ( -2004 vehicles.…”

Section: Total Traffic Volumementioning

confidence: 98%

“…Moreover, oil imports will reach 120-182 million tons by 2010, accounting for a half of China's total oil consumption. Skeer and Wang (2007) examined the trends in China's freight and passenger traffic sector and projected the sector's demand for oil in 2020 to be in the range from 191 to 363 million tons oil-equivalent (MtOE). They also found that the new demand from China's transport sector would likely push up world oil prices in 2020 with a range of 1-10% under different assumptions.…”

Section: Literature Reviewmentioning

confidence: 99%

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Determinants of China's energy imports: An empirical analysis

Zhao

2007

Energy Policy

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Sustained economic growth in China has triggered a surge of energy imports, especially oil imports. This paper investigates the determinants of China's energy import demand by using cointegraiton and VECM techniques. The findings suggest that, in the long run, growth of industrial production and expansion of transport sectors affect China's oil imports, while domestic energy output has a substitution effect. Thus, as the Chinese economy industrializes and the automotive sector expands, China's oil imports are likely to increase. Though China's domestic oil production has a substitution effect on imports, its growth is limited due to scarce domestic reserve and high exploration costs. It is anticipated that China will be more dependent on overseas oil supply regardless of the world oil price. r

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“…Although coal-of which China has important reserves-represents 70% of Chinese consumption and oil only 20% [24], the need for the latter is growing quickly. This is not only due to industrial development but also to the fact that oil is the main fuel used for transportation-a sector whose share of total oil consumption is growing fast [45]. In the 1996-2006 period, the length of China's highways grew at an average of 11.3% per year, while over the same period passenger miles travelled and ton-miles of highway freight travel showed annual increases of 7.5 and 6.9% respectively.…”

Section: China's Internal Needs and The Quest For Energymentioning

confidence: 99%

Regional Implications of China’s Quest for Energy in Latin America

Iturre

Mendes

2010

East Asia

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This paper analyses the Chinese quest for energy resources in Latin America, arguing that the strengthening of relations in this sector can only be explained by a conjunction of interests on both sides. Looking at the presence of Chinese national oil companies in the regional energy sector, we show that China's incursion has allowed the region to shift its traditional energy partners, introducing a factor of change into economic and political relations with geopolitical implications for the regional arena.

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China on the move: Oil price explosion?

Cited by 49 publications

References 4 publications

The impact of CO2 emissions and economic growth on energy consumption in 58 countries

The impact of CO2 emissions and economic growth on energy consumption in 58 countries

Determinants of China's energy imports: An empirical analysis

Regional Implications of China’s Quest for Energy in Latin America

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