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

被引：93

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.

引用

页数：15

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