| Title | Trade policy uncertainty and improvement in energy efficiency: Empirical evidence from prefecture-level cities in China |
|---|---|
| ID_Doc | 33277 |
| Authors | Li, HB; Zheng, QB; Zhang, BB; Sun, CW |
| Title | Trade policy uncertainty and improvement in energy efficiency: Empirical evidence from prefecture-level cities in China |
| Year | 2021 |
| Published | |
| Abstract | In the face of the shocks from trade policy uncertainty (TPU), China needs to improve urban energy efficiency (EE) to achieve its "carbon neutrality" goals as scheduled, but the existing literature has no systematic research on this topic. This paper develops and estimates TPU and EE indexes by adopting the Bartik instrument's methods and dynamic slacks-based measure (DSBM). Furthermore, the authors conduct empirical tests on the influencing effect and transmission mechanism of falling TPU on urban EE after the US granted China permanent normal trade relations (PNTR) status in 2001 with a difference-in-difference (DID) model. The results of the empirical study show that urban EE improves by around 1.9% when TPU falls by 1%. A heterogeneity analysis also shows that a falling TPU has a more significant impact on EE in provincial capitals, open cities, "hygienic cities," highly marketized cities, and cities with a higher share of manufacturing. Falling TPU reduces the cost of foreign capital inflow into China. It drives progress in green technologies, thus improving urban EE by replacing energy factors with innovation-driven non-energy factors. Further, export expansion and export technology complexity significantly raise the stimulating impact of falling TPU on improvement in EE, but growing processing trade impedes this impact. The findings in this study offer a new perspective on estimating the effect of China's policies to respond to global climate change against the shock from TPU and provides new evidence for strengthening global energy cooperation. |
Similar Articles
| ID | Score | Article |
|---|---|---|
33570
|
Zhang, XM; Lu, FF; Xue, D Does China's carbon emission trading policy improve regional energy efficiency?-an analysis based on quasi-experimental and policy spillover effects(2022)Environmental Science And Pollution Research, 29.0, 14 | |
| 33055
|
Zhang, HK; Zhou, CB Construction of the Pilot Free Trade Zone and Chinese Green Total Factor Energy Efficiency(2023)Sustainability, 15.0, 12 | |
| 32415
|
Liu, LL; Lv, YY; Gao, D; Mo, XL Towards a greener future: Assessing the impact of carbon emission trading on urban carbon efficiency in China(2023) | |
| 32097
|
Chaobo, Z; Qi, SZ Can carbon emission trading policy break China's urban carbon lock-in?(2024) | |
| 33623
|
Qi, JM; Song, Y; Zhang, YJ Environmental Protection Tax and Energy Efficiency: Evidence from Chinese City-Level Data(2023)Energies, 16.0, 24 | |
| 33629
|
Li, Y; Zheng, ZJ; Zhao, MZ; Liu, ZQ How does digital trade impact urban carbon emissions efficiency? Evidence from China's cross-border e-commerce pilot zones(2024) | |
| 33792
|
Yang, SB; Jahanger, A; Hossain, MR Does China?s low-carbon city pilot intervention limit electricity consumption? An analysis of industrial energy efficiency using time-varying DID model(2023) | |
| 33670
|
Yu, WL; Luo, JL Impact on Carbon Intensity of Carbon Emission Trading-Evidence from a Pilot Program in 281 Cities in China(2022)International Journal Of Environmental Research And Public Health, 19.0, 19 | |
| 32772
|
Zhang, SS; Ma, XY; Cui, Q; Liu, JM Does the low carbon transition impact urban resilience? Evidence from China's pilot cities for carbon emission trading(2024)Environmental Science And Pollution Research, 31, 7 | |
| 32717
|
Cai, WG; Xu, FR; Lin, XW Towards green development: does carbon emission trading policy matter?(2024) |