Energy saving technologies and productive efficiency in the Chinese iron and steel sector
Energy saving and innovation are currently the subjects of much research. In this study we use the Cobb–Douglas (C–D) type production function to estimate the impact of energy saving technologies and innovation investments on the productive efficiency of Chinese iron and steel enterprises for the pe...
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| Published in | Energy (Oxford) Vol. 33; no. 4; pp. 525 - 537 |
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| Main Authors | , |
| Format | Journal Article |
| Language | English |
| Published |
Oxford
Elsevier Ltd
01.04.2008
Elsevier Science |
| Subjects | |
| Online Access | Get full text |
| ISSN | 0360-5442 |
| DOI | 10.1016/j.energy.2007.11.002 |
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| Abstract | Energy saving and innovation are currently the subjects of much research. In this study we use the Cobb–Douglas (C–D) type production function to estimate the impact of energy saving technologies and innovation investments on the productive efficiency of Chinese iron and steel enterprises for the period 1990–2000. It is shown from the study results that some productive efficiency growth can be attributed to the adoption and amelioration of energy saving measures (pulverized coal injection technology, PCI; continuous casting technology, CCT) and the increase of technique updating and transformation (TUT) investments associated with energy saving. It is also found that the big enterprises possess a substantial efficiency advantage over small- and medium-sized steel makers. Finally, according to this study, enterprises in some certain locations may gain from the economies of agglomeration and hence perform better than others. The policy implications of this study provide an important rationale for the ongoing centralized merger campaign of the iron and steel industry in China. To accelerate the diffusion of advanced energy efficient technologies and encourage innovation will promote the productive efficiency. |
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| AbstractList | Energy saving technologies and productive efficiency in the Chinese iron and steel sector were discussed. Three technical-economic indicators namely, pulverized coal injection technology (PCI), continuous casting rate (CCR), and technique updating and transformation (TUT) were selected as inputs, to study the changes in gross industrial output value (GIOV). It was found that the coefficient of lnTUT was the biggest, followed by lnPCI and lnCCR. Empirical analysis showed that Chinese enterprises achieved some efficiency improvement, which was revealed by the positive coefficients of PCI, CCR, and TUT. The blast furnace (BF) enterprises possessed a substantial efficiency advantage over smaller steel makers such as the key enterprises (KE) and the local major enterprises (LME) since the interceptions and coefficients were bigger than that of the other categories remarkably. Energy saving and innovation are currently the subjects of much research. In this study we use the Cobb-Douglas (C-D) type production function to estimate the impact of energy saving technologies and innovation investments on the productive efficiency of Chinese iron and steel enterprises for the period 1990-2000. It is shown from the study results that some productive efficiency growth can be attributed to the adoption and amelioration of energy saving measures (pulverized coal injection technology, PCI; continuous casting technology, CCT) and the increase of technique updating and transformation (TUT) investments associated with energy saving. It is also found that the big enterprises possess a substantial efficiency advantage over small- and medium-sized steel makers. Finally, according to this study, enterprises in some certain locations may gain from the economies of agglomeration and hence perform better than others. The policy implications of this study provide an important rationale for the ongoing centralized merger campaign of the iron and steel industry in China. To accelerate the diffusion of advanced energy efficient technologies and encourage innovation will promote the productive efficiency. |
| Author | Wang, Guoshun Zhang, Jianling |
| Author_xml | – sequence: 1 givenname: Jianling surname: Zhang fullname: Zhang, Jianling email: Jianlingzhang@163.com – sequence: 2 givenname: Guoshun surname: Wang fullname: Wang, Guoshun |
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| Keywords | SOHS OR BF LME GIOV OBFBOFS Energy saving SEAFS C–D SEC CDQ OLP TUT CCR TEC Efficiency CCT PCI TRT FAS KE LF OCS Iron and steel Productivity Innovation Energy conservation Iron steel industry Metallurgical industry Cobb Douglas production function Modeling Energy savings Investment |
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| Snippet | Energy saving and innovation are currently the subjects of much research. In this study we use the Cobb–Douglas (C–D) type production function to estimate the... Energy saving technologies and productive efficiency in the Chinese iron and steel sector were discussed. Three technical-economic indicators namely,... Energy saving and innovation are currently the subjects of much research. In this study we use the Cobb-Douglas (C-D) type production function to estimate the... |
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| SubjectTerms | Applied sciences Efficiency Energy Energy economics Energy policy Energy saving Exact sciences and technology General, economic and professional studies Iron and steel |
| Title | Energy saving technologies and productive efficiency in the Chinese iron and steel sector |
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