The Efficiency of Energy Infrastructure Investment and Its Regional Economic Impact

Lixin Kuang, Xiangrong Han and Guanyu Liu ()
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Lixin Kuang: State Grid Jiangsu Electricity Co., Nanjing 210000, China
Xiangrong Han: State Grid Jiangsu Electricity Co., Nanjing 210000, China
Guanyu Liu: School of Management and Engineering, Capital University of Economics and Business, Beijing 100070, China

IJERPH, 2023, vol. 20, issue 3, 1-20

Abstract: This study constructed an input–output and environmental indicator combination framework to evaluate the efficiency of energy infrastructure investment. Furthermore, the study used a three-stage DEA model to evaluate the efficiency of energy infrastructure investment projects in Jiangsu Province. Subsequently, the study constructed a system of indicators to measure regional economic development and assigns weights to them using the entropy value method, to obtain a comprehensive regional economic development score. Finally, this study analyzed the impact of energy investment efficiency on regional economic growth, economic stability, and industrial structure optimization. The study results show that the efficiency of energy infrastructure investment varies widely across Jiangsu and is highly correlated with the regional economic development model, the level of economic development, and the importance of the industry. The study also reveals that the improvement of energy infrastructure investment efficiency in Jiangsu fails to reflect the level of regional economic development; however, it has a crucial role in increasing social wealth and transforming the regional industrial structure and economy. Based on these results, this study further proposes countermeasures, such as planning a reasonable scale of investment, implementing differentiated regional investment, and upgrading management and technology.

Keywords: energy infrastructure; investment efficiency; regional economy; three-stage DEA (search for similar items in EconPapers)
JEL-codes: I I1 I3 Q Q5 (search for similar items in EconPapers)
Date: 2023
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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