Greening the bottom line: navigating legal and financial dimensions of energy digital transition in the modern economy

IF 4 3区经济学 Q1 ECONOMICS Economic Change and Restructuring Pub Date : 2024-02-19 DOI:10.1007/s10644-024-09619-8

Xiangyi Xu, Qianrong Wang

引用次数: 0

Abstract

The notion of energy digital transformation, considered a groundbreaking and sustainable paradigm, has ignited scholarly debates. This study, covering the period from 2000 to 2021, delves into the intricate interplay among legal efficiency, financial development, and energy digital transformation. Employing the dynamic GMM (Generalized Method of Moments) approach, the research reveals compelling insights. A 1% increase in the good governance index corresponds to an approximate 0.57% rise in the volume of smart grid imports. Similarly, a 1% increase in the financial development index is associated with an approximate 0.26% increase in smart grid imports. Furthermore, a 1% increase in gross domestic product correlates with an approximate 0.17% growth in smart grid imports. Conversely, a 1% increase in energy intensity leads to a nearly 0.14% decrease in smart grid imports. The policy implications derived from this study emphasize the importance of directing funds toward smart grid and renewable energy projects.

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绿化底线：现代经济中能源数字化转型的法律和财务导航

能源数字化转型的概念被认为是一种开创性的可持续范式，引发了学术界的争论。本研究涵盖 2000 年至 2021 年，深入探讨了法律效率、金融发展和能源数字化转型之间错综复杂的相互作用。研究采用动态 GMM（广义矩法）方法，揭示了令人信服的见解。善治指数每增加 1%，智能电网进口量就会增加约 0.57%。同样，金融发展指数每增加 1%，智能电网进口量就会增加约 0.26%。此外，国内生产总值每增长 1%，智能电网进口量就会增长约 0.17%。相反，能源强度每增加 1%，智能电网进口就会减少近 0.14%。本研究得出的政策影响强调了将资金用于智能电网和可再生能源项目的重要性。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Economic Change and Restructuring ECONOMICS-

CiteScore

4.80

自引率

6.50%

发文量

期刊介绍： Economic Change and Restructuring has been accepted for SSCI and will get its first Impact Factor in 2020!Since the early 1990s fundamental changes in the world economy, under the auspices of increasing globalisation, have taken place On one hand, the disappearance of the centrally planned economies and the progressive formation of market-oriented economies, have brought about countless systematic changes, where new economic structures, institutions, competences and skills involve complex processes, changes which are still underway and which necessitate adaptation and restructuring to form competitive market economies. On the other hand, many developing economies are making great strides as regards economic reform and liberalisation, and are emerging as new global players. They show an innovative capacity to position themselves in the global economy and to compete with industrialised countries, which are generally believed to be witnessing the rapid erosion of their established positions. These developments are accompanied by the exacerbation of the world competition. Both processes involve transition and the emerging economies, in searching for a new role and scope for public policies and for a new balance between public and private partnership, seem to currently be converging, especially with respect to the policies needed to create appropriate and effective market institutions and integrated reform policies, and to increase the standards of the population''s education levels. Thus, liberalisation and development policies, in attempting to strike a difficult balance between social and environmental needs, must be integrated more coherently. This complexity calls for new analytical and empirical approaches that can explain these new phenomena, which often go beyond the over-simplified facts and conventional ''wisdom'' that emerged at the start of the transition in the early 1990s. Economic Change and Restructuring (formerly ''Economics of Planning''), by keeping abreast of developments affecting both transitional and emerging economies, is aimed to attract original empirical and policy analysis contributions that are focused on various issues, including macroeconomic analysis, fiscal issues, finance and banking, industrial and trade development, and regional and local development issues. The journal aspires to publish cutting edge research and to serve as a forum for economists and policymakers working in these fields.Officially cited as: Econ Change Restruct