Global S&T Development Trend Analysis Platform of Resources and Environment
DOI | 10.1016/j.enpol.2018.12.051 |
Can energy-price regulations smooth price fluctuations? Evidence from China's coal sector | |
Zhang, Yanfang1,2; Nie, Rui1; Shi, Xunpeng2,3,4,5; Qian, Xiangyan1; Wang, Ke6,7,8,9 | |
2019-05-01 | |
发表期刊 | ENERGY POLICY |
ISSN | 0301-4215 |
EISSN | 1873-6777 |
出版年 | 2019 |
卷号 | 128页码:125-135 |
文章类型 | Article |
语种 | 英语 |
国家 | Peoples R China; Australia; Singapore |
英文摘要 | Due to the dominance of coal in China's energy mix, coal prices have always been a challenging part of pricing reform. The recent frequent government interventions raise the key research questions: what is the actual impact of price policies on coal price fluctuations, and how can forward-looking pricing policies be made. By proposing a novel classification of coal pricing policies and introducing an expectation and forward-looking coefficient, the paper examines the relationship between coal price fluctuations and pricing policies using the generalized method of moments (GMM) method. It shows that the lagging coal price and coal demand play a positive role in regulating coal prices, while coal supply and marketization have significantly negative effects on coal price fluctuations. The heterogeneous impacts of price policies are due to differences in market players' expectations, policy instruments and the methods of policy release. In addition, China's coal pricing policy portfolio from 2013 to 2016 exerted synergy effects on the restraint of coal price fluctuations. As the forward-looking coefficient was considerably low, the government's intervention behaviors were obviously biased towards ex post facto responses. The paper suggests short run and long run policies to advance marketization of coal prices amid the energy transition. |
英文关键词 | Coal Price fluctuations Pricing policy Forward-looking coefficient GMM model China |
领域 | 气候变化 |
收录类别 | SCI-E ; SSCI |
WOS记录号 | WOS:000463688800014 |
WOS关键词 | ECONOMIC-GROWTH ; MONETARY-POLICY ; FORWARD-LOOKING ; CAPACITY ; DISTORTION ; CUT |
WOS类目 | Economics ; Energy & Fuels ; Environmental Sciences ; Environmental Studies |
WOS研究方向 | Business & Economics ; Energy & Fuels ; Environmental Sciences & Ecology |
引用统计 | |
文献类型 | 期刊论文 |
条目标识符 | http://119.78.100.173/C666/handle/2XK7JSWQ/182716 |
专题 | 气候变化 |
作者单位 | 1.China Univ Min & Technol, Sch Management, Xuzhou 221116, Jiangsu, Peoples R China; 2.Univ Technol Sydney, Australia China Relat Inst, Ultimo, NSW 2007, Australia; 3.Hubei Univ Econ, Ctr Hubei Cooperat Innovat Emiss Trading Syst, Wuhan, Hubei, Peoples R China; 4.Hubei Univ Econ, Sch Low Carbon Econ, Wuhan, Hubei, Peoples R China; 5.Natl Univ Singapore, Energy Studies Inst, Singapore 119620, Singapore; 6.Beijing Inst Technol, Ctr Energy & Environm Policy Res, Beijing, Peoples R China; 7.Beijing Inst Technol, Sch Management & Econ, Beijing, Peoples R China; 8.Sustainable Dev Res Inst Econ & Soc Beijing, Beijing, Peoples R China; 9.Beijing Key Lab Energy Econ & Environm Management, Beijing, Peoples R China |
推荐引用方式 GB/T 7714 | Zhang, Yanfang,Nie, Rui,Shi, Xunpeng,et al. Can energy-price regulations smooth price fluctuations? Evidence from China's coal sector[J]. ENERGY POLICY,2019,128:125-135. |
APA | Zhang, Yanfang,Nie, Rui,Shi, Xunpeng,Qian, Xiangyan,&Wang, Ke.(2019).Can energy-price regulations smooth price fluctuations? Evidence from China's coal sector.ENERGY POLICY,128,125-135. |
MLA | Zhang, Yanfang,et al."Can energy-price regulations smooth price fluctuations? Evidence from China's coal sector".ENERGY POLICY 128(2019):125-135. |
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