Does Anti-corruption Policy Influence Energy Efficiency in China?

Liu, Jie; Guo, Jianming; Liu, Xiangfeng; Bai, Xiao; Taghizadeh–Hesary, Farhad

doi:10.3389/fenrg.2021.634556

Cited by 3 publications

(6 citation statements)

References 57 publications

(69 reference statements)

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“…The core explanatory variable ACC in this paper is an external impact and a quasi-natural experiment, which allows this paper to study the impact of the anti-corruption more accurately, objectively, and comprehensively on energy efficiency. In addition, the method used in this paper is staggered DID, which can better address issues such as endogeneity compared to the fixed effects model in Liu et al (2021). The result indicates that the ACC increases EE by 4.5%, which is significant at 5% significance level.…”

Section: Introductionmentioning

confidence: 89%

“…For places with a surplus of energy, corruption brings about wasteful and inefficient use of energy (Lu et al, 2021). The anti-corruption campaign makes it impossible for companies with low production or high energy consumption to bribe officials and establish political connections anymore, so they must exit the market (Liu et al, 2021). The closure of these companies reduces the inefficient use of energy, and thus increases energy efficiency.…”

Section: Introductionmentioning

confidence: 99%

“…There is little literature examining the impact of the anti-corruption on energy efficiency. The existing literature closest to this research is Liu et al (2021). Compared to Liu et al (2021), this paper provides a more in-depth study of the impact of the anti-corruption on energy efficiency.…”

Section: Introductionmentioning

confidence: 99%

“…Compared to Liu et al (2021), this paper provides a more in-depth study of the impact of the anti-corruption on energy efficiency. Liu et al (2021) use the ratio of the number of cases of corruption, bribery, and malfeasance to the number of civil servants to present the degree of corruption, and currently, there are many indices that portray corruption but none of them can measure the full kinds of corruption (Knack, 2006). However, this paper studies the effect of the anti-corruption campaign conducted by a central inspection team on energy efficiency.…”

Section: Introductionmentioning

confidence: 99%

“…The result indicates that the ACC increases EE by 4.5%, which is significant at 5% significance level. Second, compared to Liu et al (2021), this paper presents the overall picture of the effects of the ACC on EE, including plausible influencing channels and heterogeneous effects among different cities. We find that the ACC can improve EE by reducing rent-seeking behavior, promoting innovation capacities, and upgrading industrial structure.…”

Section: Introductionmentioning

confidence: 99%

See 4 more Smart Citations

The impact of the anti-corruption campaign on energy efficiency: Evidence from prefecture-level cities in China

2022

Front. Environ. Sci.

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China’s development has been accompanied by serious corruption and environmental pollution. Corruption is particularly prevalent in the energy sector, where it can bring very substantial benefits. However, corruption in the energy sector can lead to serious misallocation of energy, resulting in wasteful and inefficient use of energy. With the rise of the anti-corruption campaign, there is an urgent need to explore the impact of the anti-corruption campaign (ACC) on energy efficiency (EE). This paper investigates whether and how the ACC affects EE in China. Leveraging a staggered difference-in-differences (DID) model, we estimate the causal effect of the ACC in China on EE. Our results indicate that the ACC significantly improves EE, which is robust to a battery of robustness tests, such as parallel trend test, placebo test, excluding other policies, and substituting the explained variable. The positive relationship is correlated to reducing rent-seeking behavior, promoting innovation capacities, and upgrading industrial structure within a city. The heterogeneous results suggest that the effect of the ACC on EE improvement is more pronounced in big cities, cities located in the central, cities with high fiscal expenditures and low R&D expenditures. The results of this paper show that we must be tenacious in the anti-corruption campaign to establish a clean government and increase energy efficiency in order to achieve sustainable development.

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Section: Introductionmentioning

confidence: 89%

Section: Introductionmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

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The impact of the anti-corruption campaign on energy efficiency: Evidence from prefecture-level cities in China

2022

Front. Environ. Sci.

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Role of R&D investments and air quality in green governance efficiency

Zhao

Taghizadeh–Hesary

2022

Economic Research-Ekonomska Istraživanja

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Macroeconomic and Uncertainty Shocks’ Effects on Energy Prices: A Comprehensive Literature Review

et al. 2023

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GDP, monetary variables, corruption, and uncertainty are crucial to energy policy decisions in today’s interrelated world. The global energy crisis, aggravated by rising energy prices, has sparked a thorough analysis of its causes. We demonstrate the significance of categorizing research by influence channels while focusing on their implications for energy policy decisions. We investigate the growing number of studies that use GDP, inflation, central banks’ characteristics, corruption, and uncertainty as critical factors in determining energy policies. Energy prices fluctuate because energy policies shift the supply–demand equilibrium. We categorise the effects and show that GDP, economic policy uncertainty, and, most notably, specific economic conditions and extreme events play a significant role in determining energy prices. We observed that energy consumption, GDP growth, and energy prices have a bidirectional, causal relationship. Still, the literature has not established which causative direction is the most significant. Taxes, interest rates, and corruption also significantly determine energy prices, although the origins of corruption have not been adequately examined. Lastly, uncertainty generally increases energy costs, but this relationship requires additional research in terms of the features of countries, conditions, and, most importantly, the theoretical backgrounds used.

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Does Anti-corruption Policy Influence Energy Efficiency in China?

Cited by 3 publications

References 57 publications

The impact of the anti-corruption campaign on energy efficiency: Evidence from prefecture-level cities in China

The impact of the anti-corruption campaign on energy efficiency: Evidence from prefecture-level cities in China

Role of R&D investments and air quality in green governance efficiency

Macroeconomic and Uncertainty Shocks’ Effects on Energy Prices: A Comprehensive Literature Review

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