Study on the Impact of Clean Power Investment on Regional High-Quality Economic Development in China

Xianrong Zhuang and Lingying Pan ()
Additional contact information
Xianrong Zhuang: Business School, University of Shanghai for Science and Technology, Shanghai 200093, China
Lingying Pan: Business School, University of Shanghai for Science and Technology, Shanghai 200093, China

Energies, 2022, vol. 15, issue 22, 1-23

Abstract: In 2017, the 19th CPC National Congress proposed to “establish a sound economic system of green, low-carbon and circular development”, which indicates the direction of high-quality economic development in the new era of China. Clean power investment is a powerful way to promote high-quality economic development by adopting non-fossil-energy utilization and low-emission technologies, as well as creating new jobs. Meanwhile, large-scale investment and a long investment return period result in negative effects on local economies. To better understand the effect of clean power investment, this paper selects panel data of thirty provinces in China from 2010 to 2019 to establish a spatial Durbin model to explore the impact of clean power investment on regional high-quality economic development. The results show that inter-regional high-quality economic development shows significant spatial auto-correlation characteristics. Clean power investment has not only a positive direct effect on high-quality economic development but also generates positive spatial spillover effects. Human capital, degree of government intervention, and urbanization rate have positive effects on regional high-quality economic development, while they play a suppressed role on neighboring regions.

Keywords: clean power investment; high-quality development; spatial Durbin model (search for similar items in EconPapers)
JEL-codes: Q Q0 Q4 Q40 Q41 Q42 Q43 Q47 Q48 Q49 (search for similar items in EconPapers)
Date: 2022
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://www.mdpi.com/1996-1073/15/22/8364/pdf (application/pdf)
https://www.mdpi.com/1996-1073/15/22/8364/ (text/html)

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:gam:jeners:v:15:y:2022:i:22:p:8364-:d:967578

Access Statistics for this article

Energies is currently edited by Ms. Agatha Cao

More articles in Energies from MDPI
Bibliographic data for series maintained by MDPI Indexing Manager ().