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Sustainability 2017, 9(5), 686; doi:10.3390/su9050686

Impact of Energy Conservation and Emissions Reduction Policy Means Coordination on Economic Growth: Quantitative Evidence from China

1
School of Management, Lanzhou University, Lanzhou 730000, China
2
School of Management, Xi’an Jiaotong University, Xi’an 710049, China
3
Academy of Mathematics and Systems Science, Chinese Academy of Sciences, Beijing 100190, China
4
School of Economics and Management, Beijing University of Chemical Technology, Beijing 100029, China
*
Author to whom correspondence should be addressed.
Academic Editors: Guowei Hua, T. C. Edwin Cheng, Feng Chen, Shouyang Wang and Marc A. Rosen
Received: 8 December 2016 / Revised: 7 April 2017 / Accepted: 22 April 2017 / Published: 26 April 2017
(This article belongs to the Special Issue Low Carbon Development for Emerging Markets)
View Full-Text   |   Download PDF [274 KB, uploaded 22 May 2017]

Abstract

To understand the general relationship between Energy Conservation and Emissions Reduction (ECER) policy means coordination (PMC) and economic growth, this paper quantitatively investigates the impact on economic growth of differing PMCs. ECER policies from 1978 to 2013 in China are quantified across two dimensions of policy power and policy means, and then, PMC degrees are designed as independent variables and incorporated into a modified Cobb−Douglas production model. While determining the cointegration relationships by using a unit root test, a cointegration test and a stability test, cointegration equation is conducted by using quantitative data to explore the economic growth effects of PMC in China. The government’s use of PMC in China is also analyzed and ranked. The empirical results show that there is a long-term cointegration relationship among the variables from 1978 to 2013. Additionally, the effects of the different PMCs on economic growth show significant discrepancies and each PMC usage ranking is also found to be significantly different, thereby implying that the use of different PMCs by the Chinese government needs to be further perfected. View Full-Text
Keywords: policy quantification; policy means coordination; economic growth; energy conservation and emissions reduction policy quantification; policy means coordination; economic growth; energy conservation and emissions reduction
This is an open access article distributed under the Creative Commons Attribution License which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited. (CC BY 4.0).

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Zhang, G.; Zhang, Z.; Gao, X.; Yu, L.; Wang, S.; Wang, Y. Impact of Energy Conservation and Emissions Reduction Policy Means Coordination on Economic Growth: Quantitative Evidence from China. Sustainability 2017, 9, 686.

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