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DOI | 10.1016/j.enpol.2020.111773 |
An empirical analysis of energy intensity and the role of policy instruments | |
Azhgaliyeva D.; Liu Y.; Liddle B. | |
发表日期 | 2020 |
ISSN | 03014215 |
卷号 | 145 |
英文摘要 | The reduction of energy intensity is important for sustainable economic growth, especially in non-OECD countries where energy demand growth is high. Understanding the impact of policies on energy intensity can help policy-makers to reduce energy intensity. Using empirical methods and cross-country data from 44 countries over the period 1990–2016, we study the determinants of energy intensity. The common correlated effects mean group estimator is employed since it addresses nonstationarity, cross-sectional dependence, and heterogeneity—all three of which exist in the data. Both GDP per capita and economy-wide energy prices are shown to be negatively associated with energy intensity. The empirical results provide evidence that several policy instruments are effective in reducing energy intensity: (i) standards, and labeling; (ii) government direct investment; (iii) strategic planning and support; (iv) fiscal measures/taxes; and (v) grants and subsidies. The duration of the policy is more important than the mere existence of the policy in demonstrating the policy's effectiveness. © 2020 Elsevier Ltd |
关键词 | Common correlated effects mean group estimatorEnergy efficiencyEnergy intensityEnergy policyNon-OECD countries |
英文关键词 | Economics; Energy policy; Cross sectional dependence; Direct investments; Empirical analysis; Energy intensity; Non-OECD countries; Non-stationarities; Policy instruments; Sustainable economic growth; Investments; economic growth; empirical analysis; energy policy; energy use; Gross Domestic Product; OECD; policy analysis; policy approach; policy making; standard (reference); sustainability |
语种 | 英语 |
来源期刊 | Energy Policy
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文献类型 | 期刊论文 |
条目标识符 | http://gcip.llas.ac.cn/handle/2XKMVOVA/204550 |
作者单位 | Asian Development Bank Institute, Kasumigaseki Building 8F, 3-2-5 Kasumigaseki, Chiyoda-ku, Tokyo, 100-6008, Japan; Visiting Fellow in Leadership, Organisations and Behaviour, Henley Business School, University of Reading, Whiteknights, Reading, United Kingdom; African Development Bank, Abidjan, Cote d'Ivoire; School of Management, Harbin Institute of Technology, China; Energy Studies Institute, National University of Singapore, 29 Heng Mui Keng Terrace119620, Singapore |
推荐引用方式 GB/T 7714 | Azhgaliyeva D.,Liu Y.,Liddle B.. An empirical analysis of energy intensity and the role of policy instruments[J],2020,145. |
APA | Azhgaliyeva D.,Liu Y.,&Liddle B..(2020).An empirical analysis of energy intensity and the role of policy instruments.Energy Policy,145. |
MLA | Azhgaliyeva D.,et al."An empirical analysis of energy intensity and the role of policy instruments".Energy Policy 145(2020). |
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