Izvorni znanstveni članak
https://doi.org/10.1080/1331677X.2021.2007413
On the asymmetric effects of financial deepening on renewable and non-renewable energy consumption: insights from China
Wang Lei
Ilhan Ozturk
orcid.org/0000-0002-6521-0901
Hafeez Muhammad
Sana Ullah
Sažetak
One of the strategic objectives of China is to increase renewable
energy consumption by reducing non-renewable energy consumption. This motivates us to carefully investigate the asymmetric
effects of financial deepening on renewable and non-renewable
energy consumption for China, using annual data from 1990 to
2019. The results show that in China, a positive shock in bank
deposits and broad money has a significant increasing effect on
renewable energy consumption, while a negative shock in bank
deposits and broad money has also a significant increasing effect
on renewable energy consumption in the long-run. Moreover, positive change in bank deposits and broad money has an inverse
impact on non-renewable energy consumption, while negative
change has stimulating non-renewable energy consumption in long
run. Thus, government and policymaker’s policies aimed at promoting financial deepening in China must be persistent and sustainable
to foster renewable energy consumption.
Ključne riječi
Bank deposits; broad money; renewable energy consumption; nonrenewable energy consumption; China; NARDL
Hrčak ID:
302685
URI
Datum izdavanja:
31.3.2023.
Posjeta: 852 *