Heterogeneous effects of the belt and road initiative on energy efficiency in participating countries

Wu, Y; Hu, C; Shi, X

Heterogeneous effects of the belt and road initiative on energy efficiency in participating countries

Wu, Y Hu, C Shi, X

Permalink

Publisher:: MDPI AG
Publication Type:: Journal Article
Citation:: Energies, 2021, 14, (18), pp. 5594-5594
Issue Date:: 2021-09-01

Open Access

Copyright Clearance Process

Recently Added
In Progress
Open Access

This item is open access.

Adobe PDF

Download Published versionAdobe PDF (535.64 kB)

View on publisher's site

View statistics

Full metadata record

Field	Value	Language
dc.contributor.author	Wu, Y
dc.contributor.author	Hu, C
dc.contributor.author	Shi, X https://orcid.org/0000-0001-9653-7395
dc.date.accessioned	2021-11-22T07:15:12Z
dc.date.available	2021-11-22T07:15:12Z
dc.date.issued	2021-09-01
dc.identifier.citation	Energies, 2021, 14, (18), pp. 5594-5594
dc.identifier.issn	1996-1073
dc.identifier.issn	1996-1073
dc.identifier.uri	http://hdl.handle.net/10453/151782
dc.description.abstract	The Belt and Road investment involves a large number of renewable energy projects, but whether the energy efficiency is linked to the Belt and Road Initiative (BRI) cooperation has yet to be established in the literature. This research attempts to close this gap by looking at how the BRI affects the energy efficiency of participating nations after the fact through a counterfactual analysis. Based on the Difference-in-Difference-in-Difference (DDD) and quantile DID methods for the panel dataset covering 178 nations and areas for the period of 2002 to 2018, we explored the impacts of BRI on energy efficiency vary by different energy efficiency quantiles, resource endowments, and income levels. First, the positive effects of BRI are significant in medium-and high-energy efficiency quantiles but are not significant in low-energy efficiency quantiles for up to 30%. Second, the BRI tends to increase more energy efficiencies in resource-rich BRI countries than those in resource-poor BRI countries. Third, the BRI tends to increase more energy efficiencies in low-income BRI countries than those in high-income BRI countries. The findings can assist BRI countries in improving energy efficiency and sustainable development capacity under the initiative, thus resolving the increasing anxieties in climate change and environmental pollution in this area.
dc.language	en
dc.publisher	MDPI AG
dc.relation.ispartof	Energies
dc.relation.isbasedon	10.3390/en14185594
dc.rights	info:eu-repo/semantics/openAccess
dc.subject	02 Physical Sciences, 09 Engineering
dc.title	Heterogeneous effects of the belt and road initiative on energy efficiency in participating countries
dc.type	Journal Article
utslib.citation.volume	14
utslib.for	02 Physical Sciences
utslib.for	09 Engineering
pubs.organisational-group	/University of Technology Sydney
pubs.organisational-group	/University of Technology Sydney/DVC (International)
pubs.organisational-group	/University of Technology Sydney/DVC (International)/Australia-China Relations Institute
utslib.copyright.status	open_access	*
dc.date.updated	2021-11-22T07:15:10Z
pubs.issue	18
pubs.publication-status	Published
pubs.volume	14
utslib.citation.issue	18

Abstract:

The Belt and Road investment involves a large number of renewable energy projects, but whether the energy efficiency is linked to the Belt and Road Initiative (BRI) cooperation has yet to be established in the literature. This research attempts to close this gap by looking at how the BRI affects the energy efficiency of participating nations after the fact through a counterfactual analysis. Based on the Difference-in-Difference-in-Difference (DDD) and quantile DID methods for the panel dataset covering 178 nations and areas for the period of 2002 to 2018, we explored the impacts of BRI on energy efficiency vary by different energy efficiency quantiles, resource endowments, and income levels. First, the positive effects of BRI are significant in medium-and high-energy efficiency quantiles but are not significant in low-energy efficiency quantiles for up to 30%. Second, the BRI tends to increase more energy efficiencies in resource-rich BRI countries than those in resource-poor BRI countries. Third, the BRI tends to increase more energy efficiencies in low-income BRI countries than those in high-income BRI countries. The findings can assist BRI countries in improving energy efficiency and sustainable development capacity under the initiative, thus resolving the increasing anxieties in climate change and environmental pollution in this area.

Please use this identifier to cite or link to this item:

http://hdl.handle.net/10453/151782