IDEAS home Printed from https://ideas.repec.org/a/spr/joevec/v34y2024i4d10.1007_s00191-024-00881-7.html
   My bibliography  Save this article

Revitalizing industrial structure: Unleashing the potential of energy technology innovation

Author

Listed:
  • Juntao Du

    (Anhui University of Finance and Economics)

  • Ziyi Zhang

    (Anhui University of Finance and Economics)

  • Xueli Chen

    (NEOMA Business School)

  • Huihui Ding

    (Paris-Saclay University)

  • Ning Zhang

    (Shandong University)

  • Malin Song

    (Anhui University of Finance and Economics)

Abstract

In addition to fostering energy transformation and advancing the greening of the energy industry, energy technology innovation is a key initiative to optimize the industrial structure. This study utilizes China’s provincial data from 2004 to 2020 and establishes relevant econometric models to examine the relationship between energy technology innovation and industrial restructuring. The findings indicate that energy technology innovation directly influences the rationalization and enhancement of industrial structure, but there is a threshold effect of foreign direct investment. Once the foreign direct investment level surpasses this threshold, energy technology innovation can better accelerate the transformation of industrial structure. Furthermore, subregional analysis demonstrates varying impact effects across different regions, with more pronounced adjustments observed in developed regions like the East. Based on these empirical results, we propose macro-control policy recommendations to foster energy technology innovation and facilitate industrial restructuring.

Suggested Citation

  • Juntao Du & Ziyi Zhang & Xueli Chen & Huihui Ding & Ning Zhang & Malin Song, 2024. "Revitalizing industrial structure: Unleashing the potential of energy technology innovation," Journal of Evolutionary Economics, Springer, vol. 34(4), pages 783-809, December.
    • Handle: RePEc:spr:joevec:v:34:y:2024:i:4:d:10.1007_s00191-024-00881-7
    DOI: 10.1007/s00191-024-00881-7
    as

    Download full text from publisher

    File URL: http://link.springer.com/10.1007/s00191-024-00881-7
    File Function: Abstract
    Download Restriction: Access to the full text of the articles in this series is restricted.
    File URL: https://libkey.io/10.1007/s00191-024-00881-7?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Muhammad Ali & Uwe Cantner & Ipsita Roy, 2017. "Knowledge Spillovers Through FDI and Trade: The Moderating Role of Quality-Adjusted Human Capital," Economic Complexity and Evolution, in: Andreas Pyka & Uwe Cantner (ed.), Foundations of Economic Change, pages 357-391, Springer.
    2. Lee, Chien-Chiang & Yuan, Zihao & Lee, Chi-Chuan & Chang, Yu-Fang, 2022. "The impact of renewable energy technology innovation on energy poverty: Does climate risk matter?," Energy Economics, Elsevier, vol. 116(C).
    3. Seo, Myung Hwan & Shin, Yongcheol, 2016. "Dynamic panels with threshold effect and endogeneity," Journal of Econometrics, Elsevier, vol. 195(2), pages 169-186.
    4. Daron Acemoglu, 2002. "Directed Technical Change," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 69(4), pages 781-809.
    5. Shahbaz, Muhammad & Sinha, Avik & Raghutla, Chandrashekar & Vo, Xuan Vinh, 2022. "Decomposing scale and technique effects of financial development and foreign direct investment on renewable energy consumption," Energy, Elsevier, vol. 238(PB).
    6. Du, Juntao & Shen, Zhiyang & Song, Malin & Vardanyan, Michael, 2023. "The role of green financing in facilitating renewable energy transition in China: Perspectives from energy governance, environmental regulation, and market reforms," Energy Economics, Elsevier, vol. 120(C).
    7. Zhu, Bangzhu & Zhang, Mengfan & Zhou, Yanhua & Wang, Ping & Sheng, Jichuan & He, Kaijian & Wei, Yi-Ming & Xie, Rui, 2019. "Exploring the effect of industrial structure adjustment on interprovincial green development efficiency in China: A novel integrated approach," Energy Policy, Elsevier, vol. 134(C).
    8. Malerba, Franco & Orsenigo, Luigi, 1995. "Schumpeterian Patterns of Innovation," Cambridge Journal of Economics, Cambridge Political Economy Society, vol. 19(1), pages 47-65, February.
    9. Fernández, Ana María & Ferrándiz, Esther & Medina, Jennifer, 2022. "The diffusion of energy technologies. Evidence from renewable, fossil, and nuclear energy patents," Technological Forecasting and Social Change, Elsevier, vol. 178(C).
    10. Valeria Costantini & Francesco Crespi, 2013. "Public policies for a sustainable energy sector: regulation, diversity and fostering of innovation," Journal of Evolutionary Economics, Springer, vol. 23(2), pages 401-429, April.
    11. Isabel Almudi & Francisco Fatas-Villafranca & Luis Izquierdo, 2013. "Industry dynamics, technological regimes and the role of demand," Journal of Evolutionary Economics, Springer, vol. 23(5), pages 1073-1098, November.
    12. Giovanni Dosi, 2000. "Sources, Procedures, and Microeconomic Effects of Innovation," Chapters, in: Innovation, Organization and Economic Dynamics, chapter 2, pages 63-114, Edward Elgar Publishing.
    13. Wesseh, Presley K. & Lin, Boqiang, 2017. "Is renewable energy a model for powering Eastern African countries transition to industrialization and urbanization?," Renewable and Sustainable Energy Reviews, Elsevier, vol. 75(C), pages 909-917.
    14. Alessandro Caiani, 2017. "Innovation Dynamics and Industry Structure Under Different Technological Spaces," Italian Economic Journal: A Continuation of Rivista Italiana degli Economisti and Giornale degli Economisti, Springer;Società Italiana degli Economisti (Italian Economic Association), vol. 3(3), pages 307-341, November.
    15. Stephen R. Buzdugan & Heinz Tüselmann, . "Making the most of FDI for development: “new” industrial policy and FDI deepening for industrial upgrading," UNCTAD Transnational Corporations Journal, United Nations Conference on Trade and Development.
    16. Zha, Donglan & Zhou, Dequn, 2014. "The elasticity of substitution and the way of nesting CES production function with emphasis on energy input," Applied Energy, Elsevier, vol. 130(C), pages 793-798.
    17. Pavitt, Keith, 1984. "Sectoral patterns of technical change: Towards a taxonomy and a theory," Research Policy, Elsevier, vol. 13(6), pages 343-373, December.
    18. Ge, Tao & Cai, Xuesen & Song, Xiaowei, 2022. "How does renewable energy technology innovation affect the upgrading of industrial structure? The moderating effect of green finance," Renewable Energy, Elsevier, vol. 197(C), pages 1106-1114.
    19. Uche, Emmanuel & Das, Narasingha & Bera, Pinki & Cifuentes-Faura, Javier, 2023. "Understanding the imperativeness of environmental-related technological innovations in the FDI – Environmental performance nexus," Renewable Energy, Elsevier, vol. 206(C), pages 285-294.
    20. Duan, Wenqi & Madasi, Joseph David & Khurshid, Adnan & Ma, Dan, 2022. "Industrial structure conditions economic resilience," Technological Forecasting and Social Change, Elsevier, vol. 183(C).
    21. Lee, Jong-Wha & McKibbin, Warwick J., 2018. "Service sector productivity and economic growth in Asia," Economic Modelling, Elsevier, vol. 74(C), pages 247-263.
    22. Isabel-Maria Bodas Freitas & Jojo Jacob & Lili Wang & Zibiao Li, 2023. "Energy use and exporting: an analysis of Chinese firms," Journal of Evolutionary Economics, Springer, vol. 33(1), pages 179-207, January.
    23. Hosan, Shahadat & Rahman, Md Matiar & Karmaker, Shamal Chandra & Saha, Bidyut Baran, 2023. "Energy subsidies and energy technology innovation: Policies for polygeneration systems diffusion," Energy, Elsevier, vol. 267(C).
    24. Vidil, Roland & Marvillet, Christophe, 2005. "The innovation process in the energy field," Energy, Elsevier, vol. 30(8), pages 1233-1246.
    25. Fernández, Ana María & Ferrándiz, Esther & Medina, Jennifer, 2022. "The diffusion of energy technologies. Evidence from renewable, fossil, and nuclear energy patents," MPRA Paper 123361, University Library of Munich, Germany.
    26. Stevens, Kelly A. & Tang, Tian & Hittinger, Eric, 2023. "Innovation in complementary energy technologies from renewable energy policies," Renewable Energy, Elsevier, vol. 209(C), pages 431-441.
    27. Toshiyuki Sueyoshi & Mika Goto, 2017. "World trend in energy: an extension to DEA applied to energy and environment," Journal of Economic Structures, Springer;Pan-Pacific Association of Input-Output Studies (PAPAIOS), vol. 6(1), pages 1-23, December.
    28. Serenella Caravella & Valeria Costantini & Francesco Crespi, 2021. "Mission-Oriented Policies and Technological Sovereignty: The Case of Climate Mitigation Technologies," Energies, MDPI, vol. 14(20), pages 1-16, October.
    29. Tone, Kaoru, 2001. "A slacks-based measure of efficiency in data envelopment analysis," European Journal of Operational Research, Elsevier, vol. 130(3), pages 498-509, May.
    30. Kedong Yin & Yuqing Miao & Chong Huang, 2024. "Environmental regulation, technological innovation, and industrial structure upgrading," Energy & Environment, , vol. 35(1), pages 207-227, February.
    31. Karanfil, Fatih & Yeddir-Tamsamani, Yasser, 2010. "Is technological change biased toward energy? A multi-sectoral analysis for the French economy," Energy Policy, Elsevier, vol. 38(4), pages 1842-1850, April.
    32. Hauknes, Johan & Knell, Mark, 2009. "Embodied knowledge and sectoral linkages: An input-output approach to the interaction of high- and low-tech industries," Research Policy, Elsevier, vol. 38(3), pages 459-469, April.
    33. Christopher Freeman, 1991. "Innovation, Changes of Techno-Economic Paradigm and Biological Analogies in Economics," Revue Économique, Programme National Persée, vol. 42(2), pages 211-232.
    34. Orlic, Edvard & Hashi, Iraj & Hisarciklilar, Mehtap, 2018. "Cross sectoral FDI spillovers and their impact on manufacturing productivity," International Business Review, Elsevier, vol. 27(4), pages 777-796.
    35. Fang Wang & Ming-Hua Tian & Zhong-Hua Yin, 2021. "Modern urbanization and industrial upgrading in China: evidence from panel data," Quality & Quantity: International Journal of Methodology, Springer, vol. 55(2), pages 661-681, April.
    Full references (including those not matched with items on IDEAS)

    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. Vanessa Oltra & Maïder Saint Jean, 2007. "Incrementalism of environmental innovations versus paradigmatic change: a comparative study of the automotive and chemical industries," Post-Print hal-00155039, HAL.
    2. Eduardo Gonçalves & Fernando Salgueiro Perobelli & Inácio Fernandes Araújo, 2017. "Estimating intersectoral technology spillovers for Brazil," The Journal of Technology Transfer, Springer, vol. 42(6), pages 1377-1406, December.
    3. Montresor, Sandro & Vezzani, Antonio, 2015. "The production function of top R&D investors: Accounting for size and sector heterogeneity with quantile estimations," Research Policy, Elsevier, vol. 44(2), pages 381-393.
    4. Fulvio Castellacci, 2007. "Technological regimes and sectoral differences in productivity growth ," Industrial and Corporate Change, Oxford University Press and the Associazione ICC, vol. 16(6), pages 1105-1145, December.
    5. Piva, Mariacristina & Santarelli, Enrico & Vivarelli, Marco, 2005. "The skill bias effect of technological and organisational change: Evidence and policy implications," Research Policy, Elsevier, vol. 34(2), pages 141-157, March.
    6. de Jong, Jeroen P.J. & Marsili, Orietta, 2006. "The fruit flies of innovations: A taxonomy of innovative small firms," Research Policy, Elsevier, vol. 35(2), pages 213-229, March.
    7. Muhammad Nouman & Mohammad Sohail Yunis & Muhammad Atiq & Owais Mufti & Abdul Qadus, 2022. "‘The Forgotten Sector’: An Integrative Framework for Future Research on Low- and Medium-Technology Innovation," Sustainability, MDPI, vol. 14(6), pages 1-19, March.
    8. Piotr Dzikowski, 2022. "Product and process innovation patterns in Polish low and high technology systems," Equilibrium. Quarterly Journal of Economics and Economic Policy, Institute of Economic Research, vol. 17(3), pages 747-773, September.
    9. Pellegrino, Gabriele & Piva, Mariacristina & Vivarelli, Marco, 2009. "How Do Young Innovative Companies Innovate?," IZA Discussion Papers 4301, Institute of Labor Economics (IZA).
    10. Franco Malerba & Fabio Montobbio, 2000. "Knowledge Flows, Structure of Innovative Activity and International Specialization," KITeS Working Papers 119, KITeS, Centre for Knowledge, Internationalization and Technology Studies, Universita' Bocconi, Milano, Italy, revised Nov 2000.
    11. Harabi, Najib, 1994. "Technischer Fortschritt in der Schweiz: Empirische Ergebnisse aus industrieökonomischer Sicht [Technischer Fortschritt in der Schweiz:Empirische Ergebnisse aus industrieökonomischer Sicht]," MPRA Paper 6725, University Library of Munich, Germany.
    12. Iammarino, Simona & McCann, Philip, 2006. "The structure and evolution of industrial clusters: Transactions, technology and knowledge spillovers," Research Policy, Elsevier, vol. 35(7), pages 1018-1036, September.
    13. Simona Iammarino & Philip McCann, 2010. "The Relationship between Multinational Firms and Innovative Clusters," Chapters, in: Ron Boschma & Ron Martin (ed.), The Handbook of Evolutionary Economic Geography, chapter 8, Edward Elgar Publishing.
    14. Zha, Donglan & Kavuri, Anil Savio & Si, Songjian, 2017. "Energy biased technology change: Focused on Chinese energy-intensive industries," Applied Energy, Elsevier, vol. 190(C), pages 1081-1089.
    15. Vivarelli, Marco, 2018. "Globalisation, structural change and innovation in emerging economies: The impact on employment and skills," MERIT Working Papers 2018-037, United Nations University - Maastricht Economic and Social Research Institute on Innovation and Technology (MERIT).
    16. Yuanyuan Wu & Zhanhua Jia & Tingting Yu, 2022. "Tourism and Green Development: Analysis of Linear and Non-Linear Effects," IJERPH, MDPI, vol. 19(23), pages 1-22, November.
    17. Srholec, Martin & Verspagen, Bart, 2008. "The Voyage of the Beagle in Innovation Systems Land.Explorations on Sectors, Innovation, Heterogeneity and Selection," MERIT Working Papers 2008-008, United Nations University - Maastricht Economic and Social Research Institute on Innovation and Technology (MERIT).
    18. Dosi, Giovanni & Fagiolo, Giorgio & Roventini, Andrea, 2010. "Schumpeter meeting Keynes: A policy-friendly model of endogenous growth and business cycles," Journal of Economic Dynamics and Control, Elsevier, vol. 34(9), pages 1748-1767, September.
    19. Vivarelli, Marco, 2014. "Structural Change and Innovation as Exit Strategies from the Middle Income Trap," IZA Discussion Papers 8148, Institute of Labor Economics (IZA).
    20. Conte, Andrea & Vivarelli, Marco, 2005. "One or Many Knowledge Production Functions? Mapping Innovative Activity Using Microdata," IZA Discussion Papers 1878, Institute of Labor Economics (IZA).

    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:spr:joevec:v:34:y:2024:i:4:d:10.1007_s00191-024-00881-7. 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: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.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.