Smyth, Russell; Narayan, Paresh Kumar; Shi, Hongliang - Department of Econometrics and Business Statistics, … - 2010
sector is also a major consumer of energy and, in particular, coal. As a result, the iron and steel sector in China is a …-fuel substitution between coal, electricity, natural gas and oil in the Chinese iron and steel sector and find that these energy inputs … are substitutes. The finding that these alternative energy sources are substitutes for coal suggests that China has the …