An Empirical Study on Effect of Natural Gas Industry Regulation in China
China has implemented the oil and gas industry reforms in 1998, but there is few quantitative analysis on the performance of deregulation reform. We construct two econometric models - the profit model and the efficiency model, select 1986-2008 years data as a sample, use co-integration analysis including the structural breaks, we shows that deregulation dummy variables have a significant impact for industry profits and efficiency through the unit root test to original time series, then confirmed that deregulation of Chinas oil and gas industry not only introduced the competition but also improved industrial performance.
Deregulation reform profits efficiency natural gas industry
LIU Dan
School of Art Design, Harbin commerce university, P.R. China, 150082
国际会议
哈尔滨
英文
16-20
2011-11-24(万方平台首次上网日期,不代表论文的发表时间)