globalchange  > 气候变化与战略
DOI: 10.1016/j.enpol.2020.111710
论文题名:
Does better access to credit help reduce energy intensity in China? Evidence from manufacturing firms
作者: Zhang D.; Li J.; Ji Q.
刊名: Energy Policy
ISSN: 03014215
出版年: 2020
卷: 145
语种: 英语
中文关键词: Access to credit ; Energy intensity ; Environmental regulations ; Manufacturing firms
英文关键词: Energy efficiency ; Energy policy ; Manufacture ; Public policy ; Credit allocations ; Energy intensity ; Energy relationships ; Energy use ; Local government ; Manufacturing firms ; Policy implications ; World bank ; Environmental regulations ; credit provision ; energy efficiency ; energy use ; environmental protection ; local government ; manufacturing ; public access ; China
英文摘要: Using firm-level data from the World Bank Enterprise Survey, this study investigates whether access to credit of a sample of Chinese manufacturing firms can affect the intensity of their energy use. Our empirical results show that firms with access to credit are associated with lower energy efficiency. In other words, firms with credit access tend to have significantly higher energy use per unit of output. This finding is robust to different measures of energy intensity and to varying specification of models. However, we find that local government environmental regulations can mitigate the financing-energy relationship: cities with stronger environmental regulations are able to reverse the relationship, in other words, firms’ access to financing is significantly associated with a reduction in their energy intensity. Our findings have important policy implications for Chinese authorities seeking more environmentally friendly development, and our conclusions suggest that energy efficiency should be considered as an additional condition for credit allocation to firms. © 2020 Elsevier Ltd
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资源类型: 期刊论文
标识符: http://119.78.100.158/handle/2HF3EXSE/167627
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作者单位: Research Institute of Economics and Management, Southwestern University of Finance and Economics, Chengdu, China; Institutes of Science and Development, Chinese Academy of Sciences, Beijing, 100190, China; School of Public Policy and Management, University of Chinese Academy of Sciences, Beijing, 100049, China

Recommended Citation:
Zhang D.,Li J.,Ji Q.. Does better access to credit help reduce energy intensity in China? Evidence from manufacturing firms[J]. Energy Policy,2020-01-01,145
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