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The Price Elasticity of Natural Gas Demand in China: A Meta-Regression Analysis
Chai, Jian1,2; Shi, Huiting1; Zhou, Xiaoyang1; Wang, Shouyang3
2018-12-01
Source PublicationENERGIES
ISSN1996-1073
Volume11Issue:12Pages:18
AbstractSince natural gas has become a new star in China's energy mix, a reliable estimation of the price elasticity of natural gas demand is crucial if we are to understand how energy price changes affect natural gas consumption. In this paper, we conduct a Meta-regression analysis to quantitatively synthesize empirical estimates of the price elasticity of natural gas demand reported in previous studies, provide true underlying values, and explain the heterogeneity of the aforementioned estimates. The Fixed-effects model and ordinary least squares (OLS) are applied to estimate the regression models. As a result, this paper reports a mean elasticity of -1.521 and 0.410 for the short- and long-run own-price elasticity, separately; -0.762 and 0.008 for the short- and long-run cross-price elasticity-coal to natural gas, respectively; 2.122 and 1.884 for the short- and long-run cross-price elasticity-electricity to natural gas, separately; and 2.267 and 1.275 for the short- and long-run cross-price elasticity-oil to natural gas, respectively. Our results suggest that natural gas consumption increases with the decrease of its own and coal prices in the short term and rise of electricity and oil prices. It also shows that almost all heterogeneity can be explained by the type of data, sample period, models of analysis, geographical region, and type of consumer.
Keywordnatural gas price elasticity heterogeneity Meta-regression analysis
DOI10.3390/en11123255
Language英语
Funding ProjectNational Natural Science Foundation of China[71473155] ; Young Star of Science and Technology Plan Project in Shaanxi Province, China[2016KJXX-14]
WOS Research AreaEnergy & Fuels
WOS SubjectEnergy & Fuels
WOS IDWOS:000455358300016
PublisherMDPI
Citation statistics
Cited Times:1[WOS]   [WOS Record]     [Related Records in WOS]
Document Type期刊论文
Identifierhttp://ir.amss.ac.cn/handle/2S8OKBNM/32342
Collection系统科学研究所
Affiliation1.Xidian Univ, Sch Econ & Management, Xian 710062, Shaanxi, Peoples R China
2.Western Washington Univ, Dept Decis Sci, Coll Business & Econ, Bellingham, WA 98225 USA
3.Chinese Acad Sci, Acad Math & Syst Sci, Beijing 10080, Peoples R China
Recommended Citation
GB/T 7714
Chai, Jian,Shi, Huiting,Zhou, Xiaoyang,et al. The Price Elasticity of Natural Gas Demand in China: A Meta-Regression Analysis[J]. ENERGIES,2018,11(12):18.
APA Chai, Jian,Shi, Huiting,Zhou, Xiaoyang,&Wang, Shouyang.(2018).The Price Elasticity of Natural Gas Demand in China: A Meta-Regression Analysis.ENERGIES,11(12),18.
MLA Chai, Jian,et al."The Price Elasticity of Natural Gas Demand in China: A Meta-Regression Analysis".ENERGIES 11.12(2018):18.
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