Zooming in or zooming out: Energy strategy, developmental parity and regional entrepreneurial dynamism

IF 13.6 2区经济学 Q1 ECONOMICS Energy Economics Pub Date : 2024-11-10 DOI:10.1016/j.eneco.2024.108021

Yanru Deng , Rabindra Nepal , Xuefeng Shao , Chante Jian Ding , Zhan Wu

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Abstract

In this paper, we analyze the economic impacts of the West-East Electricity Transmission Project (WEETP) project using the multi-period difference-in-difference (DID) method based on county-level data from 2000 to 2020. Our findings indicate that the WEETP project inhibits firm entry in electricity-exporting regions while encouraging firm entry in electricity-importing regions, thus hindering regional development equalization. Specifically, the initiation of WEETP discouraged firm activity in the southern and central corridors' exporting regions but boosted firm activity in the northern corridor. Additionally, WEETP exacerbated infrastructure overbuilding and environmental damage in energy-exporting regions, further weakening entrepreneurial dynamism (ED) and widening the development gap with energy-importing regions. Our study provides insights into the real impact of national energy strategies on regional development and highlights the institutional factors contributing to the resource curse. The findings demonstrate the limitations of non-market pricing approaches to resource allocation, thereby offering an empirical basis for narrowing the development gap and promoting developmental affirmative action.

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放大或缩小：能源战略、发展均势和地区创业活力

本文基于 2000 年至 2020 年的县级数据，采用多期差分法（DID）分析了西电东送项目（WEETP）的经济影响。我们的研究结果表明，西电东送工程抑制了电力出口地区的企业进入，同时鼓励了电力进口地区的企业进入，从而阻碍了地区发展的均衡化。具体而言，WEETP 的启动抑制了南部和中部走廊出口地区的企业活动，但促进了北部走廊的企业活动。此外，WEETP 加剧了能源出口地区的基础设施过度建设和环境破坏，进一步削弱了创业活力（ED），扩大了与能源进口地区的发展差距。我们的研究深入揭示了国家能源战略对地区发展的实际影响，并强调了导致资源诅咒的制度因素。研究结果表明了资源分配的非市场定价方法的局限性，从而为缩小发展差距和促进发展平权行动提供了经验依据。

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来源期刊

Energy Economics ECONOMICS-

CiteScore

18.60

自引率

12.50%

发文量

524

期刊介绍： Energy Economics is a field journal that focuses on energy economics and energy finance. It covers various themes including the exploitation, conversion, and use of energy, markets for energy commodities and derivatives, regulation and taxation, forecasting, environment and climate, international trade, development, and monetary policy. The journal welcomes contributions that utilize diverse methods such as experiments, surveys, econometrics, decomposition, simulation models, equilibrium models, optimization models, and analytical models. It publishes a combination of papers employing different methods to explore a wide range of topics. The journal's replication policy encourages the submission of replication studies, wherein researchers reproduce and extend the key results of original studies while explaining any differences. Energy Economics is indexed and abstracted in several databases including Environmental Abstracts, Fuel and Energy Abstracts, Social Sciences Citation Index, GEOBASE, Social & Behavioral Sciences, Journal of Economic Literature, INSPEC, and more.