Energy price, regulatory price distortion and economic growth: A case study of China
Energy prices are often distorted by government control, which is justified on the grounds that such control will help mitigate the negative impact of price volatility from oil imports, and thus positively affect the domestic economy. This paper shows in a two-sector growth model that regulatory price distortion can negatively affect the economy, and then, based on the model, empirically estimates the impact of the price distortion on output growth in China, using monthly, time series data from 2005M1 to 2012M12.
Global impact of uncertainties in China’s gas market
This paper examines the uncertainties in Chinese gas markets, analyses the reasons and quantifies their impact on the world gas market. A literature review found significant variability among the outlooks on China's gas sector. Further assessment found that uncertainties in economic growth, structural change in markets, environmental regulations, price and institutional changes contribute to the uncertainties.
Gas and LNG pricing and trading hub in East Asia: An introduction
This paper summarises the four papers in the special issue on ‘Gas and LNG pricing and trading hub in East Asia’ in Natural Gas Industry B.
China’s institutional impediments to productivity growth
ACRI’s Professor James Laurenceson discusses issues surrounding new estimates of productivity change in China calculated by Professor Harry X. Wu. He makes two points of reflection on a well-constructed and thought-provoking paper that presents a sombre view of China’s productivity performance. First, living standards are ultimately reflected in labour productivity and China’s labour productivity has continued to increase at a rapid rate.
Australian relations with China and the USA: the challenge of grand strategies
The Australian public’s preferences over foreign investment in agriculture
This Australia-China Relations Institute research in collaboration with academics in the University of Technology Sydney Business School estimates a model of how the Australian public’s preferences over foreign investment in agriculture are determined. The results show that the attributes of foreign investment of greatest concern to the public are not the same as those used by the foreign investment approvals regime to flag proposals for scrutiny.