scholarly journals Spatial Effects and Nonlinear Analysis of Energy Consumption, Financial Development, and Economic Growth in China

Energies ◽  
2020 ◽  
Vol 13 (18) ◽  
pp. 4982 ◽  
Author(s):  
Huan Zhou ◽  
Shaojian Qu ◽  
Qinglu Yuan ◽  
Shilei Wang
Keyword(s):  
Economic Growth ◽  
Energy Consumption ◽  
Financial Development ◽  
Spillover Effects ◽  
Regional Economic Growth ◽  
Low Carbon ◽  
Regional Economic ◽  
Spatial Spillover ◽  
Econometric Methods ◽  
Spatial Spillover Effects

Energy consumption is of great significance to the sustainable development of the economy. Due to the spatial heterogeneity of low-carbon growth in regional economies, the relationship between energy consumption and economic growth is complicated. However, a few researches have been published about spatial spillover effects and non-linearity of energy consumption and financial development on regional economic growth in China. Based on the panel data of 30 provinces in China from 2007 to 2017, this paper analyzes the spatial spillover effects and threshold effects of energy consumption and financial development on regional economic growth by using spatial and nonlinear econometric methods. The main conclusions are as follows. Spatial econometric methods show that financial development and energy consumption are two factors of production input to promote China’s economic growth. Meanwhile, energy consumption and financial development have spillover effects on regional economic growth. Additionally, the nonlinear econometric method finds that with increasing financial development, the impact of energy consumption on economic growth is segmented. Therefore, relevant policies should be implemented to enhance the role of finance in energy consumption to promote low-carbon growth of China’s economy.

scholarly journals Agglomeration and Spatial Spillover Effects of Regional Economic Growth in China

2018 ◽  
Vol 10 (12) ◽  
pp. 4695 ◽  
Author(s):  
Feng Li ◽  
Guangdong Li
Keyword(s):  
Economic Growth ◽  
Economic Inequality ◽  
Spillover Effects ◽  
Positive Influence ◽  
Market Potential ◽  
Regional Economic Growth ◽  
Regional Economic ◽  
Spatial Spillover ◽  
Economic Agglomeration ◽  
Spatial Spillover Effects

As the processes of globalization and localization deepen, spatial externalities of economic growth are becoming increasingly apparent. The agglomeration mechanisms and spillover effects of China’s regional economic growth are also gradually gaining attention. Nevertheless, there is a continuing lack of research at the prefecture and county levels. As a result, building on the foundations of new economic geography and centered on the concept of market potential, this paper used spatial econometrics and panel data from Chinese counties to calculate inequality in the economic growth of counties at the prefecture level for the period 1992–2013. It also investigated the agglomeration versus economic inequality trade-off as well as quantitatively measuring spatial spillover effects at the county and prefecture level in China. The results showed that economic agglomeration, represented by market potential, had a significant influence on economic growth at the prefecture level in China. In addition, economic agglomeration exacerbated regional economic inequality, but economic inequality within a controllable range was found to have a positive influence on economic growth. Thus, there is a trade-off between economic growth and economic agglomeration. Economic growth at the prefecture level in China is not yet free of the effects of basic factors of production, and direct spillover effects, represented by market potential, have the most significant and strongest positive influence on economic growth. Moreover, it was found that the economic growth of prefectures was inseparable from the random impacts of surrounding prefectures and that it was also affected by indirect spatial spillover effects. On the whole, the rational use of the benefits of regional economic agglomeration and spillover effects, the gradual removal of market barriers, and the transformation of the development of prefecture-level economic growth will be the keys to prefecture-level economic development in the future.

scholarly journals Spatial Spillover Effect and Action Path of Electricity Consumption Driven by China’s Financial Development based on Global Co-integration

2021 ◽  
Author(s):  
Jianjun Xu ◽  
Xuejiao Ma ◽  
Xiaoqing Xu
Keyword(s):  
Economic Growth ◽  
Financial Development ◽  
Industrial Structure ◽  
Electricity Consumption ◽  
Structure Optimization ◽  
Spillover Effects ◽  
Short Term ◽  
Spatial Spillover ◽  
Spatial Spillover Effects ◽  
Industrial Structure Optimization

Abstract Although studies on the influencing factors of electricity consumption are rich, the focus on the relationship between financial development and electricity consumption is scarce due to the characteristics of financial sector. In fact, the financial development cannot only increase electricity consumption, but also have the spatial spillover effects. Based on the global spatial modelling techniques, the long-term and short-term relationship between financial development and electricity consumption is examined, and the intermediary effect of financial development on electricity consumption through economic growth, urbanization and industrial structure optimization is also verified. Results show that there is a global co-integration relationship between financial development, economic growth, urbanization, industrial structure optimization and China's electricity consumption, rather than a local co-integration relationship. When the short-term change of electricity consumption deviates from the equilibrium state, the global error correction mechanism can promote the unbalanced system to return to equilibrium from time and spatial dimension. This study not only confirms the spatial spillover effects, but also heterogeneous influences of financial development on electricity consumption, which provides new evidence to make relevant policies.

scholarly journals Spatial Spillover Effect of Government Public Health Spending on Regional Economic Growth during the COVID-19 Pandemic: An Evidence from China

Complexity ◽  
2021 ◽  
Vol 2021 ◽  
pp. 1-10
Author(s):  
Xiaofei Li ◽  
Fen Chen ◽  
Songbo Hu
Keyword(s):  
Public Health ◽  
Economic Growth ◽  
Health Spending ◽  
Spillover Effects ◽  
Regional Economic Growth ◽  
Chinese Government ◽  
Regional Economic ◽  
Spatial Spillover ◽  
Spatial Spillovers ◽  
Public Health Spending

The COVID-19 pandemic, which was first reported at the end of 2019, has had a massive impact on the Chinese economy and society. The pandemic has seriously tested the emergency management capabilities of the Chinese government regarding public health. Based on the panel data of 31 provinces in China for the period of 2006–2019, this paper examines the impacts of government public health spending on regional economic growth. Furthermore, the possibility of spatial spillover effects of government public health spending is investigated through spatial econometric analysis. Government public health spending and regional economic growth have significant positive spatial correlation and spatial agglomeration effects. The indicator of government public health spending significantly promotes regional economic growth. In addition, it significantly promotes the economic growth of neighboring areas through certain spatial spillovers.

Spatial spillover and regional economic growth in China

2012 ◽  
Vol 23 (4) ◽  
pp. 982-990 ◽  
Author(s):  
Chong-En Bai ◽  
Hong Ma ◽  
Wenqing Pan
Keyword(s):  
Economic Growth ◽  
Regional Economic Growth ◽  
Regional Economic ◽  
Spatial Spillover
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