Is the price elasticity of demand for coal in China increasing?
China's dependence on coal is a major contributor to local and global environmental problems. In this paper we estimate the price elasticity of demand for coal in China using a panel of province-level data for 1998–2012. We find that provincial coal demand has become increasingly price elastic. As of 2012 we estimate that this elasticity was in the range −0.3 to −0.7 in point estimate terms when responses over two years are considered. The results imply that China's coal market is becoming...[Show more]
|Collections||ANU Research Publications|
|Source:||China Economic Review|
|Burke and Liao Is the Price Elasticity of Demand 2015.pdf||946.3 kB||Adobe PDF|
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