中国钢铁产业的资本-能源替代及产业升级.pdfVIP

Development of Energy Science May 2015, Volume 3, Issue 2, PP.32-41 Capital-Labor Substitution and Industrial Upgrading in China’s Steel Sector # Lihong Yu , Li Huang, Jiachen Li School of Business, East China University of Science and Technology, Shanghai 200237, China #Email: ylhcumt@ Abstract Under the pressure of energy conservation and emissions reduction, industrial upgrading depends on biased technology progress, such as capital substitute for energy, clean energy substitute for fossil fuels in Chinas steel sector. The measure is the elasticity of substitution between energy and non-energy factors. Based on translog production, this paper builds share equations of factors and AES elasticity of substitution model of Chinese steel industry, and estimates AES elasticity of substitution between the energy and non-energy factors and fuels using the data from 1990 to 2012. The results show that there are substitution and complementary between factors. Among them, there is AES complementary between capital and energy, and very weak substitution for capital to energy. Moreover, there are great alternative between electricity and gas, while complementary relationship between coal and other fuels. Therefore, the government may promote the corresponding energy price and industrial policies, advance capital substitute for energy further, and support research and development of energy saving technology, technical reform and improve efficiency to implementation the goals of energy conservation and emissions reduction. Keywords: AES Elasticity of Substitution; China ’s Steel Sector; Interfactor Substitution; Interfuel Substitution 中国钢铁产业的资本-能源替代与产业升级* 于立宏，黄丽，李嘉晨 华