Research On Regional Growth Effect Of China's Dual Control Policy Of Energy Scale And Intensity

Since the reform and opening-up,China's economy has achieved sustained rapid development for 40 years with the gross domestic product increased from 458.76 billion yuan in 1980 to 40326 billion yuan in 2015,with the annual growth rate of 15.4%.Meanwhile,with the rapid development of industrialization and urbanization in China,China's energy consumption is rising rapidly.The total energy consumption increased from 603 million tee in 1980 to 4.299 billion tee in 2015,with an average annual growth rate of 5.77%.As the Chinese economy has entered into the "new era",the long-standing extensive growth pattern is becoming a serious problem,and the keeping decline of economic growth has become an unavoidable problem.At the same time,the depletion of fossil,the pollution of environment and the security of energy need to be solved urgently.Therefore,China has made a series of policies to conserve energy and reduce emissions.For example,during "Eleventh Five-Year Plan",the target value for reducing unit energy consumption was 20%,while the actual was only 19.1%,and the target was not expected.The reduction of energy intensity not only depends on the total amount of energy consumption,but also depends on the growth rate of GDP.Therefore,“The Twelfth Five-Year Plan” has taken the “taking reducing of energy intensity and carbon dioxide emissions as a binding indicator,controlling emission of greenhouse gas and total energy consumption,restraining the over growing of high energy intensity industries,improving the efficiency of energy utilization” as main tasks.Until now,a dual energy policy has been formed,which is completely mandatory for restraining the absolute growth of energy consumption and which is of great significance for China's energy security and regional sustainable development.Based on this,this doctoral thesis combines classical literatures and kinds of economic realities,sets up an analysis framework of regional economic growth effects under dual control policy of energy scale and intensive to research different effects caused by different policies,which brings the expansion from macro to micro,discusses the intrinsic conduction mechanism of growth on different dimensions of policy effect,and provides theoretical support for future policies.And then,from the three dimensions of industries,regions and enterprises to carry out an empirical test on the different growth effects of energy dual control policy.The main contents and conclusions are as follows:Firstly,the dual control policy of energy has a significant role in promoting the efficiency of energy utilization and has a greater impact on the utilization efficiency in high energy consumption industries.In addition,the impact of total control on energy efficiency will also be different due to the differences between the industry's regional characteristics and industry scale characteristics.The dual control policy of energy has different effects on the energy efficiency of three different regions among eastern region,central region and western region.It has promoted the energy efficiency of three different regions significantly,but there are obvious regional differences in effect of the promotion.The most obvious one is on the central region,followed by the eastern region and the West.In a word,technological progress has a significant effect on energy efficiency,and the dual control policy of energy has a significant impact on the promotion of energy efficiency,too.Secondly,from the elasticity of substitution of elements,energy demand reduction caused by rising of capital prices is limited,the rising price of energy leads to demand of capital,but relationship between energy and capital is asymmetric substitution.Therefore,the implementation of dual control policy is conducive to promoting the substitution between energy and capital.Further studies show that the dual control policy and substitution elasticity all play significant roles in promoting regional economic growth.With the deepening of regulation of the dual control policy,the contribution of substitution elasticity to regional economic growth will become weaken.There are great differences in resource endowment among different regions,which brings the different energy contribution to the growth vary from regional to regional,brings the price reform of various types of energy way among them.However,whether the dual control policy on the regional growth or the dual control policy implemented by element substitution on regional economic growth,it isnot significant for western region.As to the central region,the growth effects of substitution energy policies under the dual control isnot significant,while the dual control makes a positive significant impact on regional economic growth.On the contrary,the dual control policy is not directly affected on the regional economic growth significantly,but the growth effects of substitution energy policies under the dual control has significant effects on regional economic growth,which means the implementation of energy dual control policy in the eastern region is mainly through adjusting the allocation of factors in the market to achieve the effect of economic growth expected.Thirdly,the dual control policy promotes market competition and produces the effect of survival of the fittest,determines the entry and exit of enterprises,and the dual control policy can indeed enhance the TFP of enterprises.The dual control policy has significant regional differences in the impact of enterprise dynamics.The dual control policy in the central and eastern regions can significantly enhance the TFP of enterprises,while it has hindered the promotion of enterprises' TFP in western region.The above analysis is limited to the impact of the dual control policy on the micro dimension and can not reflect the actual contribution of the dual control policy to the effect of regional economic growth.Thus,under a relatively mature macroeconomic dynamic efficiency decomposition framework,to analyze the comprehensive effect of market share and production efficiency of enterprises in the dynamic factors,decompose the regional growth effect to the different enterprise dynamic aspects of the actual contribution.The results show that energy policy has attracted the high productivity of enterprises,promote the low productivity enterprises exit without distortions,and improve the overall productivity in enterprises,make the high productivity of enterprise's take up much more market share.Therefore,the dual control promotes regional economic growth through the enterprise's entry and exit,the growth of enterprises and the reallocation of resources.