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

Shuanglian Chen, Gaoke Liao, Benjamin Drakeford, Pierre Failler

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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 languageEnglish
Number of pages16
JournalSustainability
Volume11
Issue number7
DOIs
Publication statusPublished - 2 Apr 2019

Keywords

  • financial support
  • technological progress
  • energy efficiency
  • PSTR model

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