DOI: 10.1016/j.enpol.2021.112509
论文题名: Macroeconomic impacts of power sector reforms in China
作者: Timilsina G.R. ; Pang J. ; Yang X.
刊名: Energy Policy
ISSN: 03014215
出版年: 2021
卷: 157 语种: 英语
中文关键词: China
; Computable general equilibrium modeling
; Macroeconomic impacts
; Power sector planning
; Power 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
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 Citation statistics:
资源类型: 期刊论文
标识符: http://119.78.100.158/handle/2HF3EXSE/168049
Appears in Collections: 气候变化与战略
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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
Recommended Citation:
Timilsina G.R.,Pang J.,Yang X.. Macroeconomic impacts of power sector reforms in China[J]. Energy Policy,2021-01-01,157