气候变化领域集成服务门户(CCPortal): Environmental regulation, capital output and energy efficiency in China: An empirical research based on integrated energy prices

CCPortal

DOI	10.1016/j.enpol.2020.111826
	Environmental regulation, capital output and energy efficiency in China: An empirical research based on integrated energy prices
	Zhang Y.; Xiong Y.; Li F.; Cheng J.; Yue X.
发表日期	2020
ISSN	03014215
卷号	146
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
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
语种	英语
来源期刊	Energy Policy
文献类型	期刊论文
条目标识符	http://gcip.llas.ac.cn/handle/2XKMVOVA/204963
作者单位	China University of Geosciences, Wuhan, China; University of Sanya, China
推荐引用方式 GB/T 7714	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],2020,146.
APA	Zhang Y.,Xiong Y.,Li F.,Cheng J.,&Yue X..(2020).Environmental regulation, capital output and energy efficiency in China: An empirical research based on integrated energy prices.Energy Policy,146.
MLA	Zhang Y.,et al."Environmental regulation, capital output and energy efficiency in China: An empirical research based on integrated energy prices".Energy Policy 146(2020).