The non-linear effect of financial support on energy efficiency: evidence from China

Shuanglian Chen; Gaoke Liao; Benjamin Drakeford; Pierre Failler

doi:10.3390/su11071959

The non-linear effect of financial support on energy efficiency: evidence from China

Shuanglian Chen, Gaoke Liao, Benjamin Drakeford, Pierre Failler

Centre for Blue Governance

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Abstract

This study examines the non-linear effect of financial support on energy efficiency for 30 provinces in China, over the period 2003 to 2016. Specifically, we find that technological progress is a key factor in improving energy efficiency, regardless of the transition variable or sample chosen. The non-linear effects of different financial sectors support on energy efficiency are different. Banks have the greatest positive impact on energy efficiency, but as economic and financial development levels increase, this impact will diminish. The impact of securities on energy efficiency is contrary to bank support, as the level of economic and financial development increases, the impact of securities on energy efficiency will shift from negative to positive. The impact of insurance support on energy efficiency is not significant.

Original language	English
Number of pages	16
Journal	Sustainability
Volume	11
Issue number	7
DOIs	https://doi.org/10.3390/su11071959
Publication status	Published - 2 Apr 2019

Keywords

financial support
technological progress
energy efficiency
PSTR model

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

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10.3390/su11071959

sustainability-11-01959Final published version, 693 KBLicence: CC BY

https://www.mdpi.com/2071-1050/11/7/1959

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title = "The non-linear effect of financial support on energy efficiency: evidence from China",

abstract = "This study examines the non-linear effect of financial support on energy efficiency for 30 provinces in China, over the period 2003 to 2016. Specifically, we find that technological progress is a key factor in improving energy efficiency, regardless of the transition variable or sample chosen. The non-linear effects of different financial sectors support on energy efficiency are different. Banks have the greatest positive impact on energy efficiency, but as economic and financial development levels increase, this impact will diminish. The impact of securities on energy efficiency is contrary to bank support, as the level of economic and financial development increases, the impact of securities on energy efficiency will shift from negative to positive. The impact of insurance support on energy efficiency is not significant.",

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AB - This study examines the non-linear effect of financial support on energy efficiency for 30 provinces in China, over the period 2003 to 2016. Specifically, we find that technological progress is a key factor in improving energy efficiency, regardless of the transition variable or sample chosen. The non-linear effects of different financial sectors support on energy efficiency are different. Banks have the greatest positive impact on energy efficiency, but as economic and financial development levels increase, this impact will diminish. The impact of securities on energy efficiency is contrary to bank support, as the level of economic and financial development increases, the impact of securities on energy efficiency will shift from negative to positive. The impact of insurance support on energy efficiency is not significant.

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The non-linear effect of financial support on energy efficiency: evidence from China

Abstract

Keywords

UN SDGs

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