The Price Elasticity of Natural Gas Demand in China: A Meta-Regression Analysis

doi:10.3390/en11123255

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	The Price Elasticity of Natural Gas Demand in China: A Meta-Regression Analysis
	Chai, Jian 1,2; Shi, Huiting 1; Zhou, Xiaoyang 1; Wang, Shouyang3
	2018-12-01
发表期刊	ENERGIES
ISSN	1996-1073
卷号	11 期号:12 页码:18
摘要	Since 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.
关键词	natural gas price elasticity heterogeneity Meta-regression analysis
DOI	10.3390/en11123255
语种	英语
资助项目	National Natural Science Foundation of China[71473155] ; Young Star of Science and Technology Plan Project in Shaanxi Province, China[2016KJXX-14]
WOS研究方向	Energy & Fuels
WOS类目	Energy & Fuels
WOS记录号	WOS:000455358300016
出版者	MDPI
引用统计
文献类型	期刊论文
条目标识符	http://ir.amss.ac.cn/handle/2S8OKBNM/32342
专题	系统科学研究所
通讯作者	Shi, Huiting
作者单位	1.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
推荐引用方式 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.