Digital Economy and Energy Intensity: The Light and Dark Side
Zheng-Yuan Yang and
Lei Ye
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Zheng-Yuan Yang: School of Marxism, Fudan University, Shanghai, China
Lei Ye: School of Marxism, Fudan University, Shanghai, China
Review of Economic Assessment, 2024, vol. 3, issue 4, 70-92
Abstract:
The digital economy exerts both positive and negative influences on urban sustainable development, yet there is a notable gap in the existing research concerning its impact on energy intensity and the underlying mechanisms. this study pioneers the investigation of a nonlinear relationship between the digital economy and energy intensity, revealing a significant inverted U-shaped relationship. Specifically, we observe a noteworthy reduction in energy intensity when the digital economy index surpasses 0.286. Our empirical findings indicate that the digital economy not only directly influences energy intensity but also exerts an indirect impact through initiatives such as the promotion of green innovation and the agglomeration of high-tech industries. Importantly, the promotional effects of the digital economy exhibit heterogeneity with respect to geographical location, resource endowment, and urban scale. This paper contributes to the theoretical understanding of information technology in urban green development by analyzing the mechanisms of the digital economy at the urban level and its intricate impact on energy intensity.
Keywords: Digital Economy; Energy Intensity; Green Innovation; High-Tech Industrial Agglomeration (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:bba:j00010:v:3:y:2024:i:4:p:70-92:d:407
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