气候变化领域集成服务门户(CCPortal): Does better access to credit help reduce energy intensity in China? Evidence from manufacturing firms

CCPortal

DOI	10.1016/j.enpol.2020.111710
	Does better access to credit help reduce energy intensity in China? Evidence from manufacturing firms
	Zhang D.; Li J.; Ji Q.
发表日期	2020
ISSN	03014215
卷号	145
英文摘要	Using firm-level data from the World Bank Enterprise Survey, this study investigates whether access to credit of a sample of Chinese manufacturing firms can affect the intensity of their energy use. Our empirical results show that firms with access to credit are associated with lower energy efficiency. In other words, firms with credit access tend to have significantly higher energy use per unit of output. This finding is robust to different measures of energy intensity and to varying specification of models. However, we find that local government environmental regulations can mitigate the financing-energy relationship: cities with stronger environmental regulations are able to reverse the relationship, in other words, firms’ access to financing is significantly associated with a reduction in their energy intensity. Our findings have important policy implications for Chinese authorities seeking more environmentally friendly development, and our conclusions suggest that energy efficiency should be considered as an additional condition for credit allocation to firms. © 2020 Elsevier Ltd
关键词	Access to credit Energy intensity Environmental regulations Manufacturing firms
英文关键词	Energy efficiency; Energy policy; Manufacture; Public policy; Credit allocations; Energy intensity; Energy relationships; Energy use; Local government; Manufacturing firms; Policy implications; World bank; Environmental regulations; credit provision; energy efficiency; energy use; environmental protection; local government; manufacturing; public access; China
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/204957
作者单位	Research Institute of Economics and Management, Southwestern University of Finance and Economics, Chengdu, China; Institutes of Science and Development, Chinese Academy of Sciences, Beijing, 100190, China; School of Public Policy and Management, University of Chinese Academy of Sciences, Beijing, 100049, China
推荐引用方式 GB/T 7714	Zhang D.,Li J.,Ji Q.. Does better access to credit help reduce energy intensity in China? Evidence from manufacturing firms[J],2020,145.
APA	Zhang D.,Li J.,&Ji Q..(2020).Does better access to credit help reduce energy intensity in China? Evidence from manufacturing firms.Energy Policy,145.
MLA	Zhang D.,et al."Does better access to credit help reduce energy intensity in China? Evidence from manufacturing firms".Energy Policy 145(2020).