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Zhang, Miao, 2012. Predicting the future of China's energy demand in terms of directed technological change. Second cycle, A2E. Uppsala: SLU, Dept. of Economics

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Abstract

With double-digit economic growth, mounting consumer demand and being roused industry potentialities, China’s ascendancy has been marked “the start of a new age in the history of energy.” Understanding the impacts of
technological change and diffusion in a large carbon-intensive country like China is essential for getting acquainted with the future trajectory of global
energy demand. In this paper, we examine the evolution of long-run energy demand owing to directed technological change (DTC) and predict the future behaviour of the energy demand in China by setting up a theoretical model of DTC with two inputs, energy and labour, and interactional factoraugmenting knowledge, then simulating the model with data about China since 1980. The modelling of knowledge stocks help us to acquire a new understanding
of the interaction among energy, technological change and economic growth.

Main title:Predicting the future of China's energy demand in terms of directed technological change
Authors:Zhang, Miao
Supervisor:Hart, Rob
Examiner:Gren, Ing-Marie
Series:Examensarbete / SLU, Institutionen för ekonomi
Volume/Sequential designation:765
Year of Publication:2012
Level and depth descriptor:Second cycle, A2E
Student's programme affiliation:NM005 Environmental Economics and Management - Master's Programme 120 HEC
Department:(NL, NJ) > Dept. of Economics
Keywords:energy demand, prediction, factor-augmenting knowledge, relative price of energy, directed technological change, DTC, endogenous growth, simulations, China
URN:NBN:urn:nbn:se:slu:epsilon-s-1976
Permanent URL:
http://urn.kb.se/resolve?urn=urn:nbn:se:slu:epsilon-s-1976
Subjects:Energy resources management
Economics and management
Language:English
Deposited On:18 Jan 2013 12:56
Metadata Last Modified:18 Jan 2013 14:11

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