A Study On The Impact Of Regional Financial Differences On Energy Efficiency

China is facing the contradiction between the increasingly serious energy and the environment.The present situation of energy efficiency has an important effect on the improvement of environmental problems.In this case,it is necessary to study the factors that can affect energy efficiency.The impact of financial factors can not be ignored,such as financial interrelation ratio,short-term loan elements and so on.Therefore,this paper starts from the perspective of regional financial differences and studies the impact of financial factors on energy efficiency from a financial perspective.In view of this,this paper refers to the domestic and foreign scholars on the definition of related concepts,energy efficiency research literature,regional financial differences on the impact of energy efficiency literature.According to theoretical research,analysis of the status quo,empirical analysis and other aspects,it analyzes the effect of regional financial variance on energy efficiency.On the basis of considering the completeness and availability of data,this paper chooses 30 provinces,municipalities and autonomous regions except Tibet,Hong Kong,Macao and Taiwan to observe the data for 16 consecutive years from 2000 to 2015 and chooses the financial interrelations ratio for each province(FIR),the short-term loan balance,the balance of the medium and long-term loan,the total transaction amount of the stock exchange,the premium income,the insurance density and the insurance depth as the explanatory variables.Total factor energy efficiency as explanatory variables.In terms of total factor energy efficiency calculation,energy input,labor input and capital stock are used as input data,and output variable is GDP.Based on the variable scale remuneration DEA model---BCC,the energy efficiency of 30 provinces,municipalities and autonomous regions in 2000-2015 and the energy efficiency in the eastern,central and western regions were calculated.Based on this,the paper builds a panel data model for energy efficiency and financial correlation.The empirical results show that the financial factors do affect the energy efficiency,but the different measures have different effects,and carry out the dynamic analysis.The long-term loan balance and the total transaction amount of the stock exchange have no significant impact on energy efficiency.The lag of energy efficiency,the lag of insurance density,the short-term loan balance,the depth of insurance,and the lag of insurance depth have a positive impact on energy efficiency.The financial interrelations ratio(FIR),premium income,insurance density has a negative impact on energy efficiency.From the regional analysis results,energy efficiency in the eastern,central and western regions can be fitted with variable coefficient panel model,and the fitting effect is better.In the new economic development environment,China’s financial indicators are also in the ever-changing.Enterprises and the financial industry need to gradually adapt to the new environment of finance and energy.Energy companies to expand financing channels,do not look confined to the bank’s long-term loans.The state should deepen the state-owned bank credit management system reform and increase the bank’s support of new energy industry.The implementation of a full range of financial support policies and firmly control the impact of regional financial differences on energy efficiency.