Industrial sustainable development level in China and its influencing factors

Hongjian Cao (), Jianying Zhang (), Nengsheng Luo () and Zheng Zhang ()
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Hongjian Cao: Center of Large Country Economy Research, Business School, Hunan Normal University, China
Jianying Zhang: Business School, Hunan Normal University, China
Nengsheng Luo: School of Economy and Trade, Hunan University, Changsha, China
Zheng Zhang: Academic Affairs Office, South China University of Technology, China

Zbornik radova Ekonomskog fakulteta u Rijeci/Proceedings of Rijeka Faculty of Economics, 2015, vol. 33, issue 2, 181-205

Abstract: This research aims to set up a comprehensive index system to evaluate the sustainable development level of the industrial sector in China and to determine the key influencing factors that hinder the sector’s sustainable development. To achieve these research goals, we build a theoretical model with 26 indexes selected from resource, environment, economy, and society subsystems. An empirical analysis is conducted through Principal Component Analysis and Structural Equation Modeling. Results indicate that the sustainable development level of China’s industrial sector became positive in 2007 and peaked in 2012. The environment subsystem has the largest effect on the sustainable development level. The sustainable development level is also greatly influenced by solid wastes, production of non-renewable resources, energy consumption per unit of gross domestic product (GDP), and industrial research and development (R&D) expenditure. The basic conclusion is that the sustainable development level of the industrial sector in China can be enhanced through improving the utilization efficiency of resources, increasing the contribution of technology progress to GDP,and developing renewable resources.

Keywords: sustainable development level; industry; environment; resources; influencing factor (search for similar items in EconPapers)
JEL-codes: O25 O53 P28 (search for similar items in EconPapers)
Date: 2015
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Citations: View citations in EconPapers (1)

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