Spatial Effects of Economic Modernization on Carbon Balance in China

Nan Huang, Chenghao Liu, Yaobin Liu (), Biagio Fernando Giannetti and Ling Bai
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Nan Huang: School of Economics and Management, Nanchang University, Nanchang 330031, China
Chenghao Liu: School of Economics and Management, Nanchang University, Nanchang 330031, China
Yaobin Liu: School of Economics and Management, Nanchang University, Nanchang 330031, China
Biagio Fernando Giannetti: Laboratory of Production and Environment, Universidade Paulista, São Paulo 04026-002, Brazil
Ling Bai: School of Economics and Management, Nanchang University, Nanchang 330031, China

Land, 2024, vol. 13, issue 5, 1-21

Abstract: Exploring the impact of economic modernization on carbon balance is an essential endeavor to achieve carbon neutrality and combat climate change. However, the spatial impact of economic modernization on carbon balance remains ambiguous. Therefore, this study aims to explore the spatial spillover effects of agricultural modernization, industrialization, and urbanization on carbon balance during the economic modernization process in China, taking 30 provinces and cities in China as examples from 2010 to 2021. This study utilizes the spatial Durbin model to derive the following results: In the past decade, the carbon balance ratio has shown a fluctuating and decreasing dynamic evolution trend. There is an increase in regions with serious carbon deficits. Further investigation into the spatial spillover effect of carbon balance unveils that for every 1% increase in the carbon balance ratio of a province, neighboring provinces experience a decrease of 0.833%. Additionally, the spatial spillover effects of the three modernizations in China on the carbon balance ratio behave differently. Agricultural modernization and urbanization demonstrate negative spatial spillover effects on the carbon balance in neighboring regions, while industrialization exerts a significant positive spatial spillover effect on the carbon balance of neighboring regions. Regarding control variables, the level of innovation solely contributes to local carbon balance realization without generating a trickle-down effect, whereas infrastructure development operates inversely. At the same time, there are differences in the spatial effects of agricultural modernization and industrialization on the carbon balance between the eastern region and the central and western regions. The study underscores the importance of economic modernization and development processes focusing on fostering synergistic growth between economic and environmental benefits within both local and neighboring areas.

Keywords: agricultural modernization; industrialization; urbanization; carbon emissions; carbon sinks (search for similar items in EconPapers)
JEL-codes: Q15 Q2 Q24 Q28 Q5 R14 R52 (search for similar items in EconPapers)
Date: 2024
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