The Impacts on Regional Development and “Resource Curse” by Energy Substitution Policy: Verification from China

Xiaoliang Xu (), Rong Huang and Han Cai
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Xiaoliang Xu: School of Economics and Management, Nanjing University of Science and Technology, 200 Xiaolingwei, Nanjing 210094, China
Rong Huang: School of Economics and Management, Nanjing University of Science and Technology, 200 Xiaolingwei, Nanjing 210094, China
Han Cai: School of Economics and Management, Nanjing University of Science and Technology, 200 Xiaolingwei, Nanjing 210094, China

Energies, 2024, vol. 17, issue 17, 1-16

Abstract: With the increasing “resource curse” phenomena relating to energy resources in China, research concerning energy substitution policies has become more meaningful. In this paper, a dynamic CGE model was built to evaluate the impacts of energy substitution policies on regional growth and the “resource curse”. The results show the following: (1) Compared to other regions, an energy substitution policy exerts a more considerable influence on economic growth in regions with high “resource curse”. (2) The changes in carbon emissions in regions with no or low “resource curse” are modest. The primary factor contributing to the rapid decline might be energy structure adjustments. As the intensity of substitution varies, the regional disparities in marginal emission reduction costs are expected to increase. (3) Energy substitution policies reduce the severity of high “resource curse” regions. As the intensity of energy substitution increases, the extent of “resource curse” regions decreases accordingly. Some suggestions are given as follows: (1) Further promote energy substitution and speed up the transformation of energy production and consumption modes in China. (2) Accelerate the energy transformation in “resource curse” regions to promote regional sustainable development. (3) Improve energy substitution policies in transportation, industry and other fields.

Keywords: energy substitution policy; regional growth; “resource curse”; dynamic CGE 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: 2024
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

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