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General equilibrium evaluation of deregulation in energy sectors in China

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  • K. Ali Akkemik
  • Jia Li

Abstract

The central government in China has implemented ambitious energy policy reforms since 1978. An important pillar of these reforms is the deregulation in the energy markets which manifests itself in the formation of energy prices. This study examines the macroeconomic impacts of deregulation in China using an applied CGE model and counterfactual policy simulations. The results point to substantial welfare improvement. Sectoral results point to a reallocation of resources and diversion of economic activities more toward domestic services.

Suggested Citation

  • K. Ali Akkemik & Jia Li, 2015. "General equilibrium evaluation of deregulation in energy sectors in China," Journal of Chinese Economic and Business Studies, Taylor & Francis Journals, vol. 13(3), pages 247-268, August.
    • Handle: RePEc:taf:jocebs:v:13:y:2015:i:3:p:247-268
    DOI: 10.1080/14765284.2015.1056475
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    References listed on IDEAS

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    1. Barry Naughton, 2007. "The Chinese Economy: Transitions and Growth," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262640643, April.
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    Cited by:

    1. Erisa Dautaj Şenerdem & K. Ali Akkemik, 2020. "Evaluation of the reform in the Turkish electricity sector: a CGE analysis," International Journal of Economic Policy Studies, Springer, vol. 14(2), pages 389-419, August.

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