How the removal of energy subsidy affects general price in China: A study based on input-output model

doi:10.1016/j.enpol.2013.08.059

CORC > 上海财经大学 > 上海财经大学

	How the removal of energy subsidy affects general price in China: A study based on input-output model
	Jiang, Zhujun 1,2; Tan, Jijun 3
刊名	ENERGY POLICY
	2013-12
卷号	63 页码:599-606
关键词	Energy prices Energy subsidies Input-output model
ISSN号	0301-4215
DOI	10.1016/j.enpol.2013.08.059
英文摘要	In China, most energy prices are controlled by the government and are under-priced, which means energy subsidies existing. Reforming energy subsidies have important implications for sustainable development through their effects on energy price, energy use and CO2 emission. This paper applies a price-gap approach to estimate China's fossil-fuel related subsidies with the consideration of the external cost. Results indicate that the magnitude of subsidies amounted to CNY 1214.24 billion in 2008, equivalent to 4.04% of GDP of that year. Subsidies for oil products are the largest, followed by subsidies for the coal and electricity. Furthermore, an input-output model is used to analyze the impacts of energy subsidies reform on different industries and general price indexes. The findings show that removal of energy subsidies will have significant impact on energy-intensive industry, and consequently push up the general price level, yet with a small variation. Removing oil products subsidies will have the largest impact, followed by electricity, coal and natural gas. However, no matter which energy price increases, PPI is always the most affected, then GDP deflator, with CPI being the least. Corresponding compensation measures should be accordingly designed to offset the negative impact caused by energy subsidies reform. (C) 2013 Elsevier Ltd. All rights reserved.
WOS研究方向	Business & Economics ; Energy & Fuels ; Environmental Sciences & Ecology
语种	英语
出版者	ELSEVIER SCI LTD
WOS记录号	WOS:000330085400061
内容类型	期刊论文
源URL	[http://10.2.47.112/handle/2XS4QKH4/1892]
专题	上海财经大学
通讯作者	Jiang, Zhujun
作者单位	1.Shanghai Univ Finance & Econ, Inst Adv Res, Shanghai 200433, Peoples R China; 2.Shanghai Univ Finance & Econ, Key Lab Math Econ, Minist Educ, Shanghai 200433, Peoples R China; 3.Southwestern Univ Finance & Econ, Res Inst Econ & Management, Chengdu 610074, Peoples R China
推荐引用方式 GB/T 7714	Jiang, Zhujun,Tan, Jijun. How the removal of energy subsidy affects general price in China: A study based on input-output model[J]. ENERGY POLICY,2013,63:599-606.
APA	Jiang, Zhujun,&Tan, Jijun.(2013).How the removal of energy subsidy affects general price in China: A study based on input-output model.ENERGY POLICY,63,599-606.
MLA	Jiang, Zhujun,et al."How the removal of energy subsidy affects general price in China: A study based on input-output model".ENERGY POLICY 63(2013):599-606.