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Energies 2015, 8(3), 1975-1989; doi:10.3390/en8031975

Energy’s Shadow Price and Energy Efficiency in China: A Non-Parametric Input Distance Function Analysis

1
School of Economics, Henan University, North Part of Jinming Street, Jinming District, Kaifeng 475004, China
2
School of Economics and Business Administration, Chongqing University, Shanzheng Street 174, Shapingba District, Chongqing 400044, China
3
College of Business Administration, Trident University International, Cypress, CA 90630, USA
*
Author to whom correspondence should be addressed.
Academic Editor: Vincenzo Dovì
Received: 10 November 2014 / Revised: 12 January 2015 / Accepted: 3 March 2015 / Published: 13 March 2015
(This article belongs to the Special Issue Energy Policy and Climate Change)
View Full-Text   |   Download PDF [1150 KB, uploaded 17 March 2015]   |  

Abstract

This paper extends prior research on energy inefficiency in China by utilizing a unique shadow price framework allocation in 30 Chinese provinces. We estimate the shadow price for energy input using the framework of production, and use the ratio of the shadow price to the market price to describe energy utilization. Using Chinese provincial-level data from 1998 to 2011, the results of the analysis reveal that shadow prices in China have grown rapidly during the sample period, which signifies that China has improved its performance in energy utilization since 1998. However, there are eighteen provinces whose shadow prices are lower than market prices. This result suggests that energy utilization is at a low level in these provinces and can be improved by a reallocation of inputs. View Full-Text
Keywords: energy; shadow price; energy efficiency energy; shadow price; energy efficiency
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Sheng, P.; Yang, J.; Shackman, J.D. Energy’s Shadow Price and Energy Efficiency in China: A Non-Parametric Input Distance Function Analysis. Energies 2015, 8, 1975-1989.

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