The Impact Of“one Belt,one Road”National Financial Development On Energy Consumption

The issue of energy has always been a key issue for all countries concern,and its influence has restricted the economic growth and industrial development of a country.With the lack of energy in the world,developing countries will be under severe energy scarity in the process of industrialization.Since China initated "One Belt,One Road" strategy,more than 70 countries have joined.However,according to the One Belt and One Road" Industrial and Informatization Development Index,most of the countries along the line have weak industrial development,and they are still in the nascent and middle stage of the industrialization process,and their demand for energy is extremely high.Therefore,most countries along the route need to deal with energy issues nessarily in the process of industrialization and informationization.The One Belt,One Road" strategy put forward by China is not only a major strategy for China to actively participate in international cooperation,but also to promote the improvement of financial development levels and alleviate energy problems among countries along the route.This paper combines theory with practice,and based on the existing financial development,industrial structure upgrading and energy consumption research,combined with the status quo of financial development and energy consumption of the "One Belt,One Road",countries,explores the relationship between financial development and energy consumption.And with the help of econometric methods,the relationship between the two is verified,The empirical results show that financial development can significantly promote the increase of energy consumption.Then,combined with the empirical results,it is proposed to use financial means to help countries along the"Belt and Road" to better utilize energy and reduce waste in the process of industrialization informationization.This paper uses principal component analysis to integrate monetary depth,financial asset allocation and financial efficiency into a measure of financial development,and incorporates the calculation of the dependent variable that affects energy consumption,and establishes a stepwise regression model including the level of financial development.Solving the impact of financial development level on energy consumption,and then introducing the intermediary variable industrial structure to explore whether financial development affects energy consumption through industrial structure,pointing out that financial development can significantly promote the increase of energy consumption,and influence energy through the intermediary variable of industrial structure.Consumption.In order to further explore whether financial development can affect energy consumption through the industrial structure of the industrialization degree,this paper will group the countries along the line according to the degree of industrialization,and carry out further empirical analysis.The results show that the financial after grouping Development can still significantly promote the increase of energy consumption,Among them,in the mid-industrialization period,the financial development of the country has the greatest impact on energy consumption,followed by the post-industrialized countries and the late industrialized countries,and has the least impact on the countries in the early stage of industrialization.But in the early and middle stages of industrialization,the industrial structure is not an effective intermediary variable,and in the middle of industrialization,there is still a masking effect.In the late industrialized countries,the industrial structure is an effective intermediary variable.In the post-industrialized countries,whether the industrial structure is an effective intermediary variable remains to be further explored.Finally,combining the empirical conclusions with the status quo of countries along the route,this paper puts forward suggestions on strengthening the financial and energy cooperation with countries along the line,improving the level of securities markets in various countries,with a view to accelerate the process of industrialization and informatization along the route.In this process,using financial resources efficiently and reducing waste as much as possible.