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DOI10.1016/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
ISSN03014215
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
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
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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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