The emerging driving force of energy consumption in China: Does digital economy development matter?

Due to the benefits brought by progress in digital technology, the digital economy is profoundly changing the production and lifestyles of human beings, thus promoting the dual digital transformation of the energy supply side and demand side and having a profound impact on energy consumption. Based...

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Vydané v:Energy policy Ročník 165; s. 112997
Hlavní autori: Xue, Yan, Tang, Chang, Wu, Haitao, Liu, Jianmin, Hao, Yu
Médium: Journal Article
Jazyk:English
Vydavateľské údaje: Kidlington Elsevier Ltd 01.06.2022
Elsevier Science Ltd
Predmet:
Broadband
Broadband communication systems
China
Data
Digital economy
Digital economy development
Economic development
Economic growth
Economics
Empirical analysis
Energy consumption
Energy development
Energy efficiency
Energy policy
Heterogeneity
humans
Industrial structure
Panel data
Provinces
Regional development
Robustness
Spatial analysis
Spillover effect
Supply & demand
Supply-side economics
Technology
Test validity and reliability
Transformation
China
Energy consumption
Digital economy development
Energy efficiency
China
ISSN:0301-4215, 1873-6777
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Popis
Shrnutí:Due to the benefits brought by progress in digital technology, the digital economy is profoundly changing the production and lifestyles of human beings, thus promoting the dual digital transformation of the energy supply side and demand side and having a profound impact on energy consumption. Based on 2011–2018 panel data on 30 provinces and 205 cities in China, this study empirically investigates the direct and indirect impacts of digital economy development on the scale and structure of energy consumption. The empirical results indicate that digital economy development promotes an increase in the scale of energy consumption and optimizes the structure of energy consumption. This result is still valid after robustness tests involving the selection of historical data as an instrumental variable (IV) and the “Broadband China” policy as a quasi-natural experiment. Mechanism analysis shows that digital economy development mainly impacts energy consumption by affecting economic growth, energy efficiency and the industrial structure. Moreover, the results of heterogeneity analysis and spatial model estimation indicate that the effects of digital economy development on energy consumption have obvious regional heterogeneity and spatial spillovers. •Digital economy development in various provinces and cities in China is estimated.•The influence of digital economy development on energy consumption is investigated.•Instrumental variable estimation and DID model are used to investigate causality.•Digital economy development influences energy consumption scale and structure.•Influential mechanism includes scale, structural, and technology effects.
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ISSN:0301-4215
1873-6777
DOI:10.1016/j.enpol.2022.112997