Uncovering the spillover effects between the new energy industry and eleven economic sectors in China: Evidence based on stock data

Anna Gao, Mei Sun and Weixin Wen

Energy, 2024, vol. 301, issue C

Abstract: Clarifying the relationship between new energy and economic growth is an essential prerequisite for achieving the goal of carbon peaking and carbon neutrality. This paper utilizes a combination of nonlinear analysis methods, including transfer entropy, Bai–Perron (BP) structure point breakpoint detection, and complex network theory, to examine the coupling relationship between China's new energy and economy across different stages and sectors. An analysis of the network's topological properties shows that a complex coupling driving relationship exists between the new energy industry and the other 11 economic sectors. In particular, the agricultural sector exerts a significant driving force on the new energy industry, with the most extended duration of influence. Besides, the IT and construction industries also play a driving role in the new energy industry, and the latter's impact is earlier than that of the IT industry. The empirical results can guide the government and makers to formulate long-term sustainable action plans for different economic sectors.

Keywords: New energy stocks; Coupling relationship; Stage analysis; Complex network (search for similar items in EconPapers)
Date: 2024
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S0360544224014440
Full text for ScienceDirect subscribers only

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:energy:v:301:y:2024:i:c:s0360544224014440

DOI: 10.1016/j.energy.2024.131671

Access Statistics for this article

Energy is currently edited by Henrik Lund and Mark J. Kaiser

More articles in Energy from Elsevier
Bibliographic data for series maintained by Catherine Liu ().