Research on imbalance between supply and demand in China's natural gas market under the double-track price system
文献类型：期刊论文
| 作者 | Chai, Jian2; Zhang, Xiaokong2; Lu, Quanying1; Zhang, Xuejun2; Wang, Yabo2 |
| 刊名 | ENERGY POLICY
 |
| 出版日期 | 2021-08-01 |
| 卷号 | 155页码:11 |
| 关键词 | Natural gas Double-track price system Imbalance NARDL China |
| ISSN号 | 0301-4215 |
| DOI | 10.1016/j.enpol.2021.112380 |
| 英文摘要 | Under the double-track price system, alternative energy prices and the spread between liquefied natural gas and pipeline natural gas have created a supply-demand imbalance in China's natural gas market, which poses potential risks to economic development and industrial safety. Based on alternative energy prices, economic development level, and geopolitics, this paper used NARDL (Nonlinear Autoregressive Distributed Lag Model, NARDL) to analyze the effect of the spread on the imbalance in the natural gas market. It was shown that the spread and economic development level had a significant impact on the imbalance. Oil prices and geopolitics didn't have a significant impact in the short term while rising coal prices could alleviate the imbalance. Also, the imbalance and the spread in the natural gas market were likely to form a vicious cycle of mutual increase in the short term. Moreover, the impulse response results showed that the impact intensity of the spread on the natural gas market was greater under the background of "short supply" in 2017. Accordingly, a new pricing policy should be aimed at promoting the market-oriented reform, establishing an asymmetric price adjustment mechanism, and guiding rational consumption. |
| 资助项目 | National Natural Science Foundation of China[71874133] ; Youth Innovation Team of Shaanxi Universities ; Top Young Talents of Shaanxi Province Special Support Plan for Highlevel Talents |
| WOS研究方向 | Business & Economics ; Energy & Fuels ; Environmental Sciences & Ecology |
| 语种 | 英语 |
| WOS记录号 | WOS:000658654600004 |
| 出版者 | ELSEVIER SCI LTD |
| 源URL | [http://ir.amss.ac.cn/handle/2S8OKBNM/58836]  |
| 专题 | 中国科学院数学与系统科学研究院 |
| 通讯作者 | Zhang, Xiaokong |
| 作者单位 | 1.Chinese Acad Sci, Acad Math & Syst Sci, Beijing 100190, Peoples R China 2.Xidian Univ, Sch Econ & Management, Xian 710126, Peoples R China |
| 推荐引用方式 GB/T 7714 | Chai, Jian,Zhang, Xiaokong,Lu, Quanying,et al. Research on imbalance between supply and demand in China's natural gas market under the double-track price system[J]. ENERGY POLICY,2021,155:11. |
| APA | Chai, Jian,Zhang, Xiaokong,Lu, Quanying,Zhang, Xuejun,&Wang, Yabo.(2021).Research on imbalance between supply and demand in China's natural gas market under the double-track price system.ENERGY POLICY,155,11. |
| MLA | Chai, Jian,et al."Research on imbalance between supply and demand in China's natural gas market under the double-track price system".ENERGY POLICY 155(2021):11. |
入库方式： OAI收割
来源：数学与系统科学研究院
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