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Open AccessArticle

The Economic Effects of the Development of the Renewable Energy Industry in China

School of Economics and Management, Taiyuan University of Technology, Taiyuan 030024, China
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Energies 2019, 12(9), 1808; https://doi.org/10.3390/en12091808
Received: 23 April 2019 / Revised: 7 May 2019 / Accepted: 9 May 2019 / Published: 12 May 2019
(This article belongs to the Special Issue Economics of Sustainable and Renewable Energy Systems)
It is believed that renewable energy may become a dominant energy in the future. However, whether renewable energy can promote industry development like the use of fossil energy is still unknown. This paper uses social accounting matrix (SAM) multiplier model to analyze the economic effects of renewable and coal energy in China. The transmission mechanisms of renewable and coal energy on production factors are also compared from the perspective of sector industry chain based on the structural path analysis (SPA) analysis method. We found that; renewable energy plays a stronger role in promoting the national economy than coal energy. Meanwhile, renewable energy can better promote the upgrading of the industrial structure compared with coal energy. Additionally, renewable energy affects economic development, mainly through the intermediate industries such as electrical machinery manufacturing and transportation, warehousing and service industries. These findings provide further insights into the influence path of renewable energy, which yields important implications for reasonably designing and choosing new energy development planning. View Full-Text
Keywords: renewable energy; coal; SAM multiplier model; SPA analysis method renewable energy; coal; SAM multiplier model; SPA analysis method
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MDPI and ACS Style

Liu, J.; Li, J.; Yao, X. The Economic Effects of the Development of the Renewable Energy Industry in China. Energies 2019, 12, 1808. https://doi.org/10.3390/en12091808

AMA Style

Liu J, Li J, Yao X. The Economic Effects of the Development of the Renewable Energy Industry in China. Energies. 2019; 12(9):1808. https://doi.org/10.3390/en12091808

Chicago/Turabian Style

Liu, Jia; Li, Jizu; Yao, Xilong. 2019. "The Economic Effects of the Development of the Renewable Energy Industry in China" Energies 12, no. 9: 1808. https://doi.org/10.3390/en12091808

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