DOI: 10.1016/j.enpol.2020.111826
论文题名: Environmental regulation, capital output and energy efficiency in China: An empirical research based on integrated energy prices
作者: Zhang Y. ; Xiong Y. ; Li F. ; Cheng J. ; Yue X.
刊名: Energy Policy
ISSN: 03014215
出版年: 2020
卷: 146 语种: 英语
中文关键词: Capital output
; Energy efficiency
; Environmental regulation
; Integrated energy prices
英文关键词: Costs
; Economic and social effects
; Economics
; Energy efficiency
; Regression analysis
; Economic benefits
; Empirical research
; Energy-saving effect
; Environmental quality
; Environmental supervision
; Factor substitutions
; Technological innovation
; Vector autoregression models
; Environmental regulations
; capital market
; economic development
; energy efficiency
; energy market
; environmental economics
; environmental legislation
; regulatory framework
; China
英文摘要: How to improve environmental quality and achieve high-quality development of economy have become important challenges for China in the new era. Based on the KLEMS framework, this paper analyzes the relationship between environmental regulation, factor substitution, and energy-saving effect by using panel structure vector autoregression model and panel data of China industry from 2004 to 2014. The following conclusions are drawn:(1) China's environmental regulation can promote the substitution of capital to energy, however, benefit of this substitution in the long run is greater than that in the short run. (2) Only in the long run can China's environmental regulations have significant energy-saving effect, technological innovation is the main reason for the improvement of energy-saving effect of environmental regulation. (3) China's environmental regulation will not significantly improve the structure of capital, which makes the economic benefits low. Finally, the paper discusses the possible ways to improve China's environmental regulation from the aspects of forming a scientific environmental supervision system, improving energy pricing mechanism and capital structure. © 2020 Elsevier Ltd Citation statistics:
资源类型: 期刊论文
标识符: http://119.78.100.158/handle/2HF3EXSE/167635
Appears in Collections: 气候变化与战略
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作者单位: China University of Geosciences, Wuhan, China; University of Sanya, China
Recommended Citation:
Zhang Y.,Xiong Y.,Li F.,et al. Environmental regulation, capital output and energy efficiency in China: An empirical research based on integrated energy prices[J]. Energy Policy,2020-01-01,146