Does better access to credit help reduce energy intensity in China? Evidence from manufacturing firms

Energy Policy ◽  
2020 ◽  
Vol 145 ◽  
pp. 111710 ◽  
Author(s):  
Dayong Zhang ◽  
Jun Li ◽  
Qiang Ji
Keyword(s):  
Energy Intensity ◽  
Manufacturing Firms ◽  
Access To Credit

Determinants of Energy Intensity Trends in Indian Metallic Industry: A Firm-level Analysis

2021 ◽  
pp. 097226292110042
Author(s):  
Megha Jain ◽  
Simrit Kaur
Keyword(s):  
Energy Intensity ◽  
Capital Intensity ◽  
Manufacturing Firms ◽  
Firm Level ◽  
Multinomial Logistic Model ◽  
Specific Category ◽  
Industrial Energy ◽  
Per Se ◽  
Broad Policy ◽  
Level Analysis

Though the demand for industrial energy by manufacturing firms has witnessed substantial growth, not enough evidence exists regarding the energy intensity trends of such firms. Furthermore, empirical evidence on the determinants of energy intensity trends or even the energy intensity levels per se remains limited. Given this gap, the present article analyses the determinants of energy intensity trends (and also the energy intensity levels) of Indian manufacturing firms over the period 2007–2017. This study has been undertaken with special reference to the metallic industry. A sample of 41 firms is analysed by grouping them into 3 categories, namely firms with increasing energy intensity trends (IEITs), decreasing energy intensity trends (DEITs) and relatively constant energy intensity trends (CEITs) over the stated period. Multinomial logistic model (MLM) is employed to examine the determinants of energy intensity trends for the three categories. Our pertinent findings are as follows: firms with higher labour intensity and also older firms have a greater probability of belonging to the category of DEIT firms vis-à-vis the reference category of IEIT firms. Furthermore, size per se does not significantly impact the probability of a firm belonging to any specific category of energy intensity trend; nevertheless, evidence shows that large-sized firms, though old, have a greater probability of belonging to the DEIT category. Rather surprisingly, R&D intensity has been estimated to have a non-significant impact on the probability of belonging to the DEIT group of firms. However, although R&D-intensive firms have a higher profitability, their impacts remain both favourable and significant. Evidence also suggests that an increase in capital intensity and profitability lowers the probability of a firm to belong to the DEIT category. Additionally, a pooled (panel) econometric analysis has also been undertaken wherein the ‘level’ of energy intensity is considered as the dependent variable and not the ‘trend’ in energy intensity. Important findings also emerge from this analysis. Finally, we conclude from a broad policy perspective.

What kind of Russian firms get state support? The analysis of changes in priorities under crisis conditions

2020 ◽  
pp. 47-62
Author(s):  
Andrei A. Yakovlev ◽  
Nina V. Ershova ◽  
Olga M. Uvarova
Keyword(s):  
Social Development ◽  
Organizational Support ◽  
Manufacturing Firms ◽  
Business Associations ◽  
State Support ◽  
Support Provision ◽  
Manufacturing Enterprises ◽  
State Participation ◽  
Crisis Conditions ◽  
Different Levels

The paper analyzes the shifts in government priorities in terms of support of big and medium manufacturing enterprises amid 2008—2009 and 2014—2015 crises. Based on the data of 2009, 2014 and 2018 surveys of Russian manufacturing firms, using logit regressions we identify factors that affect the receipt of financial and organizational support at different levels of government. The analysis shows that in 2012—2013 the share of manufacturing firms that received state support shrank significantly as compared to 2007—2008; moreover, the support concentrated on enterprises that had access to lobbying resource (such as state participation in the ownership or business associations membership). In 2016—2017 the scale of state support coverage recovered. However, the support at all levels of government was provided to firms that carried out investment and provided assistance to regional or local authorities in social development of the region, while the factor of state participation in the ownership became insignificant. The paper provides possible explanation for these shifts in the criteria of state support provision in Russia.

What Kind of Firms Has Investment Programs in the Crisis Times and What Kind of Barriers Do They Face?

2009 ◽  
pp. 100-110 ◽  
Author(s):  
A. Yakovlev
Keyword(s):  
Manufacturing Firms ◽  
Point Of View ◽  
Current Crisis ◽  
Doing Business

The paper considers the behavior of Russian enterprises during the current crisis using the data of the latest survey of 1000 manufacturing firms. Special attention is paid to features of firms planning big investment for the next 12 months. The links between current investment plans, previous investment in 2005-2008 and other factors are shown. Finally we analyze the most important barriers for doing business from the point of view of investors.

The Effect of Taxation and Corruption on Firm Growth: An Empirical Investigation for Vietnam

2016 ◽  
pp. 5-29
Author(s):  
Bich Le Thi Ngoc
Keyword(s):  
International Development ◽  
Firm Growth ◽  
Empirical Investigation ◽  
Manufacturing Firms ◽  
Economic Management ◽  
Tax Rate ◽  
Percentage Point Increase ◽  
Percentage Points ◽  
Point Increase ◽  
The Impact

The aim of this study is to analyze empirically the impact of taxation and corruption on the growth of manufacturing firms in Vietnam. The study employed pooled OLS estimation and then instrument variables with fixed effect for the panel data of 1377 firms in Vietnam from 2005 to 2011. These data were obtained from the survey of the Central Institute for Economic Management and the Danish International Development Agency. The results show that both taxation and corruption are negatively associated with firm growth measured by firm sales adjusted according to the GDP deflator. A one-percentage point increase in the bribery rate is linked with a reduction of 16,883 percentage points in firm revenue, over four and a half times bigger than the effect of a one-percentage point increase in the tax rate. From the findings of this research, the author recommends the Vietnam government to lessen taxation on firms and that there should be an urgent revolution in anti-corruption policies as well as bureaucratic improvement in Vietnam.

PROSPECTS OF OBTAINING ALTERNATIVE FUEL FROM VARIOUS BIOMASS AND WASTE SPECIES IN AZERBAIJAN

2019 ◽  
pp. 25-41
Author(s):  
O. M. Salamov ◽  
F. F. Aliyev
Keyword(s):  
Power Plants ◽  
Energy Intensity ◽  
Oil And Gas ◽  
Renewable Energy Sources ◽  
Calorific Value ◽  
High Energy ◽  
Energy Sector ◽  
Energy Sources ◽  
Mineral Fertilizers ◽  
Gaseous Fuels

The paper discusses the possibility of obtaining liquid and gaseous fuels from different types of biomass (BM) and combustible solid waste (CSW) of various origins. The available world reserves of traditional types of fuel are analyzed and a number of environmental shortcomings that created during their use are indicated. The tables present the data on the conditional calorific value (CCV) of the main traditional and alternative types of solid, liquid and gaseous fuels which compared with CCV of various types of BM and CSW. Possible methods for utilization of BM and CSW are analyzed, as well as the methods for converting them into alternative types of fuel, especially into combustible gases.Reliable information is given on the available oil and gas reserves in Azerbaijan. As a result of the research, it was revealed that the currently available oil reserves of Azerbaijan can completely dry out after 33.5 years, and gas reserves–after 117 years, without taking into account the growth rates of the exported part of these fuels to European countries. In order to fix this situation, first of all it is necessary to use as much as possible alternative and renewable energy sources, especially wind power plants (WPP) and solar photovoltaic energy sources (SFES) in the energy sector of the republic. Azerbaijan has large reserves of solar and wind energy. In addition, all regions of the country have large reserves of BM, and in the big cities, especially in industrial ones, there are CSW from which through pyrolysis and gasification is possible to obtain a high-quality combustible gas mixture, comprising: H2 + CO + CH4, with the least amount of harmful waste. The remains of the reaction of thermochemical decomposition of BM and CSW to combustible gases can also be used as mineral fertilizers in agriculture. The available and projected resources of Azerbaijan for the BM and the CSW are given, as well as their assumed energy intensity in the energy sector of the republic.Given the high energy intensity of the pyrolysis and gasification of the BM and CSW, at the present time for carrying out these reactions, the high-temperature solar installations with limited power are used as energy sources, and further preference is given to the use of WPP and SFES on industrial scale.

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