1. Investigating the Determinants of the Growth of the New Energy Industry: Using Quantile Regression Approach.
- Author
-
Bin Xua and Boqiang Lin
- Subjects
QUANTILE regression ,ENERGY industries ,ENERGY consumption ,POWER resources ,ENERGY shortages ,TECHNOLOGICAL progress - Abstract
Expanding the supplies of new energy can not only reduce CO
2 emissions, but also alleviate energy shortage. This paper applies the quantile regression to investigate the new energy industry in China. The results show that economic growth exerts the greatest effect on the new energy industry in the lower 10th quantile province. This is because these provinces have the developed economies, demand for a higher ecological environment and new energy resources. Foreign energy dependence has a minimal impact on the new energy industry in the 25th-50th quantile province, due to their minimal oil importation. The contribution of technological progress to the upper 90th quantile province is the lowest, because their R&D capabilities are the weakest. The impact of energy consumption structure decreases in steps from the lower 10th quantile provinces to the upper 90th quantile provinces. The agricultural sector promotes the new energy industry in most provinces. [ABSTRACT FROM AUTHOR]- Published
- 2023
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