IDEAS home Printed from https://ideas.repec.org/a/gam/jijerp/v16y2019i10p1743-d231896.html
   My bibliography  Save this article

Spatial Effects of Technological Progress and Financial Support on China’s Provincial Carbon Emissions

Author

Listed:
  • Yingying Zhou

    (School of Management, China University of Mining and Technology, Xuzhou 221116, Jiangsu, China)

  • Yaru Xu

    (School of Management, China University of Mining and Technology, Xuzhou 221116, Jiangsu, China)

  • Chuanzhe Liu

    (School of Management, China University of Mining and Technology, Xuzhou 221116, Jiangsu, China)

  • Zhuoqing Fang

    (School of Management, China University of Mining and Technology, Xuzhou 221116, Jiangsu, China)

  • Jiayi Guo

    (School of Management, China University of Mining and Technology, Xuzhou 221116, Jiangsu, China)

Abstract

The spatial autocorrelation analysis method was applied to panel data from the provinces of China (including autonomous regions and municipalities directly under the central government) for the period 2003 to 2016 in order to construct a spatial Durbin model of technological progress and financial support in relation to reductions in carbon emissions. The results show that China’s carbon intensity presents significant spatial spillover effects under different spatial weights, which indicates that the carbon intensity of a province is influenced not only by its own characteristics, but also by the carbon emission behaviors of geographically adjacent and economically similar provinces and regions. Financial structure, financial scale, and financial efficiency all have significant effects on carbon intensity within a province, while financial structure is also linked to carbon intensity in other regions, but financial scale has no significant spillover effect on carbon intensity in space. Areas with high financial efficiency can reduce their own carbon intensity as well as that of surrounding areas. The inter-regional spillover effect of technological progress on carbon intensity is stronger than the spillover effect, but there is a time lag.

Suggested Citation

  • Yingying Zhou & Yaru Xu & Chuanzhe Liu & Zhuoqing Fang & Jiayi Guo, 2019. "Spatial Effects of Technological Progress and Financial Support on China’s Provincial Carbon Emissions," IJERPH, MDPI, vol. 16(10), pages 1-22, May.
  • Handle: RePEc:gam:jijerp:v:16:y:2019:i:10:p:1743-:d:231896
    as

    Download full text from publisher

    File URL: https://www.mdpi.com/1660-4601/16/10/1743/pdf
    Download Restriction: no

    File URL: https://www.mdpi.com/1660-4601/16/10/1743/
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. de Freitas, Luciano Charlita & Kaneko, Shinji, 2011. "Decomposing the decoupling of CO2 emissions and economic growth in Brazil," Ecological Economics, Elsevier, vol. 70(8), pages 1459-1469, June.
    2. Li Li & Di Liu & Jian Hou & Dandan Xu & Wenbo Chao, 2019. "The Study of the Impact of Carbon Finance Effect on Carbon Emissions in Beijing-Tianjin-Hebei Region—Based on Logarithmic Mean Divisia Index Decomposition Analysis," Sustainability, MDPI, vol. 11(5), pages 1-12, March.
    3. Shafik, Nemat & Bandyopadhyay, Sushenjit, 1992. "Economic growth and environmental quality : time series and cross-country evidence," Policy Research Working Paper Series 904, The World Bank.
    4. Zhang, Yue-Jun, 2011. "The impact of financial development on carbon emissions: An empirical analysis in China," Energy Policy, Elsevier, vol. 39(4), pages 2197-2203, April.
    5. Beck, Thorsten & Levine, Ross & Loayza, Norman, 2000. "Finance and the sources of growth," Journal of Financial Economics, Elsevier, vol. 58(1-2), pages 261-300.
    6. Tamazian, Artur & Chousa, Juan Piñeiro & Vadlamannati, Krishna Chaitanya, 2009. "Does higher economic and financial development lead to environmental degradation: Evidence from BRIC countries," Energy Policy, Elsevier, vol. 37(1), pages 246-253, January.
    7. Mansor H. Ibrahim, 2018. "Trade–finance complementarity and carbon emission intensity: panel evidence from middle-income countries," Environment Systems and Decisions, Springer, vol. 38(4), pages 489-500, December.
    8. Ramphul Ohlan, 2015. "The impact of population density, energy consumption, economic growth and trade openness on CO 2 emissions in India," Natural Hazards: Journal of the International Society for the Prevention and Mitigation of Natural Hazards, Springer;International Society for the Prevention and Mitigation of Natural Hazards, vol. 79(2), pages 1409-1428, November.
    9. Levine,Ross Eric, 2004. "The Corporate Governance of Banks - a concise discussion of concepts and evidence," Policy Research Working Paper Series 3404, The World Bank.
    10. Soytas, Ugur & Sari, Ramazan, 2009. "Energy consumption, economic growth, and carbon emissions: Challenges faced by an EU candidate member," Ecological Economics, Elsevier, vol. 68(6), pages 1667-1675, April.
    11. Shahbaz, Muhammad & Solarin, Sakiru Adebola & Mahmood, Haider & Arouri, Mohamed, 2013. "Does financial development reduce CO2 emissions in Malaysian economy? A time series analysis," Economic Modelling, Elsevier, vol. 35(C), pages 145-152.
    12. Hanson, Donald & Laitner, John A. Skip, 2004. "An integrated analysis of policies that increase investments in advanced energy-efficient/low-carbon technologies," Energy Economics, Elsevier, vol. 26(4), pages 739-755, July.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Yanqiu He & Hongchun Wang & Rou Chen & Shiqi Hou & Dingde Xu, 2022. "The Forms, Channels and Conditions of Regional Agricultural Carbon Emission Reduction Interaction: A Provincial Perspective in China," IJERPH, MDPI, vol. 19(17), pages 1-22, September.
    2. Chao Bi & Jingjing Zeng, 2019. "Nonlinear and Spatial Effects of Tourism on Carbon Emissions in China: A Spatial Econometric Approach," IJERPH, MDPI, vol. 16(18), pages 1-17, September.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Shahbaz, Muhammad & Hoang, Thi Hong Van & Mahalik, Mantu Kumar & Roubaud, David, 2017. "Energy consumption, financial development and economic growth in India: New evidence from a nonlinear and asymmetric analysis," Energy Economics, Elsevier, vol. 63(C), pages 199-212.
    2. Yingying Zhou & Zhuoqing Fang & Nan Li & Xueyan Wu & Yuehan Du & Zonghan Liu, 2019. "How Does Financial Development Affect Reductions in Carbon Emissions in High-Energy Industries?—A Perspective on Technological Progress," IJERPH, MDPI, vol. 16(17), pages 1-25, August.
    3. Acheampong, Alex O., 2019. "Modelling for insight: Does financial development improve environmental quality?," Energy Economics, Elsevier, vol. 83(C), pages 156-179.
    4. Ali Raza Cheema & Attiya Yasmin Javid, 2015. "The Relationship between Disaggregate Energy Consumption, Economic Growth and Environment for Asian Developing Economies," PIDE-Working Papers 2015:115, Pakistan Institute of Development Economics.
    5. Qiutong Xue & Sixian Feng & Kairan Chen & Muchen Li, 2022. "Impact of Digital Finance on Regional Carbon Emissions: An Empirical Study of Sustainable Development in China," Sustainability, MDPI, vol. 14(14), pages 1-26, July.
    6. Md. Golam Kibria & Ismay Jahan & Jannatul Mawa, 2021. "Asymmetric effect of financial development and energy consumption on environmental degradation in South Asia? New evidence from non-linear ARDL analysis," SN Business & Economics, Springer, vol. 1(4), pages 1-18, April.
    7. Omri, Anis & Daly, Saida & Rault, Christophe & Chaibi, Anissa, 2015. "Financial development, environmental quality, trade and economic growth: What causes what in MENA countries," Energy Economics, Elsevier, vol. 48(C), pages 242-252.
    8. Ali, Wajahat & Abdullah, Azrai & Azam, Muhammad, 2017. "Re-visiting the environmental Kuznets curve hypothesis for Malaysia: Fresh evidence from ARDL bounds testing approach," Renewable and Sustainable Energy Reviews, Elsevier, vol. 77(C), pages 990-1000.
    9. Mumin Atalay Cetin & Ibrahim Bakirtas, 2020. "The long-run environmental impacts of economic growth, financial development, and energy consumption: Evidence from emerging markets," Energy & Environment, , vol. 31(4), pages 634-655, June.
    10. Salahuddin, Mohammad & Gow, Jeff & Ozturk, Ilhan, 2015. "Is the long-run relationship between economic growth, electricity consumption, carbon dioxide emissions and financial development in Gulf Cooperation Council Countries robust?," Renewable and Sustainable Energy Reviews, Elsevier, vol. 51(C), pages 317-326.
    11. Jianhui Jian & Xiaojie Fan & Pinglin He & Hao Xiong & Huayu Shen, 2019. "The Effects of Energy Consumption, Economic Growth and Financial Development on CO 2 Emissions in China: A VECM Approach," Sustainability, MDPI, vol. 11(18), pages 1-16, September.
    12. Destek, Mehmet Akif & Manga, Muge, 2020. "Technological Innovation, Financialization and Ecological Footprint: Evidence from BEM Economies," MPRA Paper 114151, University Library of Munich, Germany.
    13. Alotaish Mohammed Saud M. & Ping Guo & Ihtisham ul Haq & Guoqin Pan & Alam Khan, 2019. "Do government expenditure and financial development impede environmental degradation in Venezuela?," PLOS ONE, Public Library of Science, vol. 14(1), pages 1-13, January.
    14. Shahzad, Syed Jawad Hussain & Kumar, Ronald Ravinesh & Zakaria, Muhammad & Hurr, Maryam, 2017. "Carbon emission, energy consumption, trade openness and financial development in Pakistan: A revisit," Renewable and Sustainable Energy Reviews, Elsevier, vol. 70(C), pages 185-192.
    15. Sofia Karagiannopoulou & Grigoris Giannarakis & Emilios Galariotis & Constantin Zopounidis & Nikolaos Sariannidis, 2022. "The Impact of Dow Jones Sustainability Index, Exchange Rate and Consumer Sentiment Index on Carbon Emissions," Sustainability, MDPI, vol. 14(19), pages 1-19, September.
    16. Solarin, Sakiru Adebola & Al-Mulali, Usama & Musah, Ibrahim & Ozturk, Ilhan, 2017. "Investigating the pollution haven hypothesis in Ghana: An empirical investigation," Energy, Elsevier, vol. 124(C), pages 706-719.
    17. Muhammad, Javid & Ghulam Fatima, Sharif, 2013. "Energy Consumption, Financial development and CO2 emissions in Pakistan," MPRA Paper 48287, University Library of Munich, Germany.
    18. Seker, Fahri & Ertugrul, Hasan Murat & Cetin, Murat, 2015. "The impact of foreign direct investment on environmental quality: A bounds testing and causality analysis for Turkey," Renewable and Sustainable Energy Reviews, Elsevier, vol. 52(C), pages 347-356.
    19. AhAtil, Ahmed & Bouheni, Faten Ben & Lahiani, Amine & Shahbaz, Muhammad, 2019. "Factors influencing CO2 Emission in China: A Nonlinear Autoregressive Distributed Lags Investigation," MPRA Paper 91190, University Library of Munich, Germany, revised 02 Jan 2019.
    20. Shahbaz, Muhammad & Nasir, Muhammad Ali & Roubaud, David, 2018. "Environmental degradation in France: The effects of FDI, financial development, and energy innovations," Energy Economics, Elsevier, vol. 74(C), pages 843-857.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:gam:jijerp:v:16:y:2019:i:10:p:1743-:d:231896. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: MDPI Indexing Manager (email available below). General contact details of provider: https://www.mdpi.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.