The impact of energy regulation on energy intensity and energy structure: Firm-level evidence from China

Dengke Chen, Shiyi Chen, Hao Jin and Yulin Lu

China Economic Review, 2020, vol. 59, issue C

Abstract: In this paper, we empirically investigate the impact of energy regulation on manufacturing firms' energy intensity and energy structure during 2003–2009. The identification uses the energy regulation of the 11th Five-Year Plan implemented in 2006. We show that tighter energy regulation leads to a significant energy intensity decrease and that firms switch their energy structure from using dirty fossil energy to a cleaner one. We also examine the mechanisms behind this phenomenon and find that the rising R&D inputs and increasing energy consumption ratio of high energy efficient firms are the mainly two reasons.

Keywords: Energy regulation; Energy intensity; Energy structure (search for similar items in EconPapers)
Date: 2020
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Citations: View citations in EconPapers (44)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:chieco:v:59:y:2020:i:c:s1043951x19301129

DOI: 10.1016/j.chieco.2019.101351

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