{"title":"Sustainable energy utility investment role in energy transformation progress: case of Mongolia","authors":"Huimin Jia, Yanqiu Wu","doi":"10.1007/s10644-024-09660-7","DOIUrl":null,"url":null,"abstract":"<p>In response to the global imperative for sustainable energy, understanding the determinants of investments in sustainable utilities becomes crucial. This study focuses on exploring these factors in the context of Mongolia, covering the years 1980 to 2021 and utilizing the autoregressive distributed lag technique. Findings reveal that an increase in the consumer price index has a detrimental impact on investment. Interestingly, the development of information and communication technology shows limited influence on sustainable utilities investments in Mongolia. Conversely, larger economies exhibit a positive correlation, suggesting that they foster more substantial investments in sustainable utilities. Notably, economic risk emerges as a significant factor, negatively affecting investment. This underscores the importance of providing a stable and predictable investment environment. In light of these findings, practical policy recommendations for Mongolia include strategies such as digitalization, the establishment of green financing mechanisms, and the encouragement of public–private partnerships.</p>","PeriodicalId":46127,"journal":{"name":"Economic Change and Restructuring","volume":null,"pages":null},"PeriodicalIF":4.0000,"publicationDate":"2024-03-08","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Economic Change and Restructuring","FirstCategoryId":"96","ListUrlMain":"https://doi.org/10.1007/s10644-024-09660-7","RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q1","JCRName":"ECONOMICS","Score":null,"Total":0}
引用次数: 0
Abstract
In response to the global imperative for sustainable energy, understanding the determinants of investments in sustainable utilities becomes crucial. This study focuses on exploring these factors in the context of Mongolia, covering the years 1980 to 2021 and utilizing the autoregressive distributed lag technique. Findings reveal that an increase in the consumer price index has a detrimental impact on investment. Interestingly, the development of information and communication technology shows limited influence on sustainable utilities investments in Mongolia. Conversely, larger economies exhibit a positive correlation, suggesting that they foster more substantial investments in sustainable utilities. Notably, economic risk emerges as a significant factor, negatively affecting investment. This underscores the importance of providing a stable and predictable investment environment. In light of these findings, practical policy recommendations for Mongolia include strategies such as digitalization, the establishment of green financing mechanisms, and the encouragement of public–private partnerships.
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
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