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Unraveling the nexus: China's economic policy uncertainty and carbon emission efficiency through advanced multivariate quantile-on-quantile regression analysis

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  • Yu, Yang
  • Jian, Xin
  • Wang, Hongxiang
  • Jahanger, Atif
  • Balsalobre-Lorente, Daniel

Abstract

The pursuit of green economic development, coupled with the endeavor towards achieving dual carbon objectives, has opened new pathways for sustainable progress in China. Nevertheless, the realization of the Sustainable Development Goals is closely intertwined with economic policy fluctuations. In this context, our study investigates the influence of economic policy uncertainty on the efficiency of carbon emissions in China over the period from 2005 to 2021. We employ the Multivariate Quantile-on-Quantile (m-QQR) Regression approach to dissect the tail dependence of model parameters amidst this uncertainty. The findings highlight how China's carbon emission efficiency is influenced by exogenous factors, including GDP per capita, energy consumption intensity, green building integration, and international trade openness. Furthermore, the analysis reveals nuanced dependencies across various quantiles. By elucidating these dynamics, this research provides valuable insights aimed at guiding China toward its dual-carbon goals and promoting the growth of a sustainable green economy.

Suggested Citation

  • Yu, Yang & Jian, Xin & Wang, Hongxiang & Jahanger, Atif & Balsalobre-Lorente, Daniel, 2024. "Unraveling the nexus: China's economic policy uncertainty and carbon emission efficiency through advanced multivariate quantile-on-quantile regression analysis," Energy Policy, Elsevier, vol. 188(C).
    • Handle: RePEc:eee:enepol:v:188:y:2024:i:c:s0301421524000776
    DOI: 10.1016/j.enpol.2024.114057
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    Cited by:

    1. Shutian Cui & Renlong Wang & Xiaoyan Li, 2024. "A Novel $\delta$-SBM-OPA Approach for Policy-Driven Analysis of Carbon Emission Efficiency under Uncertainty in the Chinese Industrial Sector," Papers 2408.11600, arXiv.org.

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    More about this item

    Keywords

    Economic policy uncertainty; Carbon emission efficiency; Multivariate QQR; Dual-carbon goals;
    All these keywords.

    JEL classification:

    • E61 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Policy Objectives; Policy Designs and Consistency; Policy Coordination
    • Q53 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Air Pollution; Water Pollution; Noise; Hazardous Waste; Solid Waste; Recycling
    • Q56 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environment and Development; Environment and Trade; Sustainability; Environmental Accounts and Accounting; Environmental Equity; Population Growth

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