Analysis of the Impacts of Economic Growth Targets and Marketization on Energy Efficiency: Evidence from China

Xufeng Su, Xiaodong Yang, Jinning Zhang, Jinling Yan, Junfeng Zhao, Jianliang Shen and Qiying Ran
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Xufeng Su: School of Economics and Management, Xinjiang University, Urumqi 830047, China
Xiaodong Yang: School of Economics and Management, Xinjiang University, Urumqi 830047, China
Jinning Zhang: School of Economics and Management, Xinjiang University, Urumqi 830047, China
Jinling Yan: School of Economics and Management, Xinjiang University, Urumqi 830047, China
Junfeng Zhao: School of Economics and Management, Xinjiang University, Urumqi 830047, China
Jianliang Shen: Center for Arid Region Rural Development Research, Urumqi 830052, China
Qiying Ran: School of Economics and Management, Xinjiang University, Urumqi 830047, China

Sustainability, 2021, vol. 13, issue 8, 1-17

Abstract: OEnergy efficiency is a vital factor to promote sustainable development. In this paper, the directional distance function–global Malmquist–Luenberger model (DDF-GML) is applied to measure the energy efficiency levels of 30 provinces in China from 2000 to 2017. Simultaneously, the impacts of the economic growth targets and marketization on energy efficiency are empirically tested using the generalized system moment estimation (SYS-GMM) and mediation effect model. The statistical results reveal that energy efficiency is on the rise every year as a whole. Mediated by marketization, economic growth targets inhibit energy efficiency by distorting marketization. Moreover, there is significant regional heterogeneity in the impacts of economic growth targets on energy efficiency. The inhibition effect of economic growth targets on energy efficiency in the eastern region is greater than in the central and western regions. The above empirical results are determined to be robust through testing.

Keywords: economic growth target; marketization; energy efficiency; mediation effect model (search for similar items in EconPapers)
JEL-codes: O13 Q Q0 Q2 Q3 Q5 Q56 (search for similar items in EconPapers)
Date: 2021
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (17)

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