The impact of energy regulation on energy intensity and energy structure: Firm-level evidence from China

被引：81
|
作者：
Chen, Dengke [1 ]
Chen, Shiyi [1 ,2 ]
Jin, Hao [1 ]
Lu, Yulin [1 ]
机构：
[1] Fudan Univ, Sch Econ, Shanghai 200433, Peoples R China
[2] Fudan Univ, Fanhai Int Sch Finance, Shanghai 200433, Peoples R China
来源：
CHINA ECONOMIC REVIEW | 2020年 / 59卷
基金：
中国国家自然科学基金;
关键词：
Energy regulation; Energy intensity; Energy structure; PRODUCTIVITY; DECOMPOSITION; CONSEQUENCES; DETERMINANTS; ENTERPRISES;
D O I：
10.1016/j.chieco.2019.101351
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
In this paper, we empirically investigate the impact of energy regulation on manufacturing firms' energy intensity and energy structure during 2003-2009. The identification uses the energy regulation of the 11th Five-Year Plan implemented in 2006. We show that tighter energy regulation leads to a significant energy intensity decrease and that firms switch their energy structure from using dirty fossil energy to a cleaner one. We also examine the mechanisms behind this phenomenon and find that the rising R&D inputs and increasing energy consumption ratio of high energy efficient firms are the mainly two reasons.
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收藏
页数：15
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