Fluctuations of Industrial Energy Efficiencies and Influencing Factors in China
Jiang Cailou1,Zhu Qin2,Ma Lin1
1.China Manufacturing Institute,Nanjing University of Information Science& Technology,Nanjing 210044,China; 2.Language and Culture Institute,Nanjing University of Information Science& Technology,Nanjing 210044,China
Abstract:This article finds that the energy input contributed 29.4% to the industrial growth from 1997 to 2011 in China based on SFA and Kumbhakar model.This result indicates that the rapid industrial growth has caused the huge consumption of energy.The promotion of energy total factors productivity has benefited a lot from the structural effects.The trend of efficiencies presented high performances in the middle stage but poor performances at the beginning and the end,which can be attributed to the reform on the state-owned enterprises from 1992 to 2001,as well as the implement of export-oriented strategies.Results of GMM indicates that the technical frontier was pushed forward by the R&D in light industries,but by the deepening of capital in heavy industries.Suggestions on completing the market mechanism,optimization of the industry system and R&D system were given in the end.