1. An Empirical Study on Cyclical Fluctuations in Electricity Demand in China.
- Author
-
Yihong, YU and Lei, ZHANG
- Subjects
ELECTRICITY ,ELECTRIC power transmission ,ECONOMIC demand ,BUSINESS cycles ,EMPIRICAL research ,MACROECONOMICS - Abstract
Abstract: There is a strong consistency between fluctuations in electricity demand and business cycle in macro-economy in China, and the former is stronger than the latter since 1991. The empirical study shows that the main reason for the cyclical fluctuations in electricity demand is the cyclical fluctuation in high energy consumption industries (HECI). Its transmission mechanism in terms of electricity demand is “Investment in the four HECI - HECI forming production capacities - Electricity consumption growths - Investment in electricity growth”. Therefore, in order to smooth cyclical fluctuation, it is necessary to strengthen the plan of investments in HECI and the investment in electricity industry itself. [Copyright &y& Elsevier]
- Published
- 2011
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