IDEAS home Printed from https://ideas.repec.org/a/eee/finana/v91y2024ics1057521923005628.html
   My bibliography  Save this article

Does government's environmental attention improve urban energy efficiency?

Author

Listed:
  • Wang, Hongxia
  • Deng, Wenyueyang
  • Zhang, Zenglian
  • Li, Ming

Abstract

As urban environmental problems are becoming more and more prominent, government's attention to environmental issues is ever increasing. How government's environmental attention affects urban energy efficiency is a question worth pondering. Using data of 274 prefecture-level cities in China from 2006 to 2021, we found that government's environmental attention is positively related to improvement in urban energy efficiency. Further, the results of quantile regression showed that the positive marginal effect of government's environmental attention on urban energy efficiency gradually increased. The mechanism analysis results indicated that science and technology expenditure played a part mediating role. The analysis of moderating effect of regional characteristics showed that the effect of government environmental attention's on improving energy efficiency was more significant in cities with high urbanization level, digitization level, financialization level, green area, and fiscal decentralization level. The findings of this study provide insights for government policy formulation.

Suggested Citation

  • Wang, Hongxia & Deng, Wenyueyang & Zhang, Zenglian & Li, Ming, 2024. "Does government's environmental attention improve urban energy efficiency?," International Review of Financial Analysis, Elsevier, vol. 91(C).
    • Handle: RePEc:eee:finana:v:91:y:2024:i:c:s1057521923005628
    DOI: 10.1016/j.irfa.2023.103046
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S1057521923005628
    Download Restriction: Full text for ScienceDirect subscribers only
    File URL: https://libkey.io/10.1016/j.irfa.2023.103046?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Poudineh, Rahmatallah & Sen, Anupama & Fattouh, Bassam, 2020. "An integrated approach to electricity sector reforms in the resource rich economies of the MENA," Energy Policy, Elsevier, vol. 138(C).
    2. Xiong, Yongqing & Cheng, Qian, 2023. "Effects of new energy vehicle adoption on provincial energy efficiency in China: From the perspective of regional imbalances," Energy, Elsevier, vol. 281(C).
    3. Mao, Wenxin & Wang, Wenping & Sun, Huifang & Yao, Peiyi & Wang, Xiaolei & Luo, Dang, 2021. "Urban industrial transformation patterns under natural resource dependence: A rule mining technique," Energy Policy, Elsevier, vol. 156(C).
    4. Pan, Feng & Diao, Zexin & Wang, Lin, 2023. "The impact analysis of media attention on local environmental governance based on four-party evolutionary game," Ecological Modelling, Elsevier, vol. 478(C).
    5. Syed Atif Bokhari & Zafeer Saqib & Sarah Amir & Salman Naseer & Muhammad Shafiq & Amjad Ali & Muhammad Zaman-ul-Haq & Azeem Irshad & Habib Hamam, 2022. "Assessing Land Cover Transformation for Urban Environmental Sustainability through Satellite Sensing," Sustainability, MDPI, vol. 14(5), pages 1-19, February.
    6. Shehzadi, Anam, 2023. "Energy efficiency and productivity in emerging and developing Asian countries: A firm level analysis," Journal of Asian Economics, Elsevier, vol. 88(C).
    7. Yueyang Zhao & Jinzhou Mao & Yueshan Li, 2022. "Local governments’ environmental emphasis and corporate green innovation: evidence from China," Economic Change and Restructuring, Springer, vol. 55(4), pages 2577-2603, November.
    8. Wang, Jiayi & Lei, Ping, 2021. "The tournament of Chinese environmental protection: Strong or weak competition?," Ecological Economics, Elsevier, vol. 181(C).
    9. Liu, Xiaoqian & Cifuentes-Faura, Javier & Zhao, Shikuan & Wang, Long, 2023. "Government environmental attention and carbon emissions governance: Firm-level evidence from China," Economic Analysis and Policy, Elsevier, vol. 80(C), pages 121-142.
    10. Jianling Xu & Jiao Hong & Zhiyuan Zhou, 2023. "Local Attention to Environment and Green Innovation: Evidence from Listed Manufacturing Companies in 120 Cities in China," Emerging Markets Finance and Trade, Taylor & Francis Journals, vol. 59(4), pages 1062-1073, March.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Zhang, Ruifeng & Zhao, Lishuang & Song, Shuhong, 2024. "Does capital input contribute to green total-factor capital efficiency?," Finance Research Letters, Elsevier, vol. 62(PB).
    2. Xu, Jingru & Yang, Baochen & Yuan, Chunlai, 2024. "Enhancing natural resource efficiency through digital government: Evidence from the utilization of energy, water, and land resources," Resources Policy, Elsevier, vol. 94(C).
    3. Zhan, Yunqiu & Wang, Wei & Ren, Yuheng, 2024. "Inspection supervision and corporate green total factor productivity," Finance Research Letters, Elsevier, vol. 67(PB).
    4. Si, Li-juan & Cao, Hao-yu & Wang, Jian, 2024. "The impact of a low-carbon transport system policy on total factor carbon emission performance: Evidence from 283 cities in China," Socio-Economic Planning Sciences, Elsevier, vol. 96(C).
    5. Zhu, Zhaohui & Huang, Yang & Hu, Chao & Yan, Youliang, 2024. "The green effects of competition: administrative monopoly regulation and green innovation," Finance Research Letters, Elsevier, vol. 64(C).

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Zhao, Shikuan & Abbassi, Wajih & Hunjra, Ahmed Imran & Zhang, Han, 2024. "How do government R&D subsidies affect corporate green innovation choices? Perspectives from strategic and substantive innovation," International Review of Economics & Finance, Elsevier, vol. 93(PA), pages 1378-1396.
    2. Chengyun Liu & Ziting Zhou & Kun Su & Ke Liu & Hui An, 2024. "Water risk and financial analysts' information environment: Empirical evidence from China," Business Strategy and the Environment, Wiley Blackwell, vol. 33(2), pages 1265-1304, February.
    3. Liu, Xiaoqian & Cifuentes-Faura, Javier & Zhao, Shikuan & Wang, Long, 2024. "The impact of government environmental attention on firms’ ESG performance: Evidence from China," Research in International Business and Finance, Elsevier, vol. 67(PA).
    4. Ozili, Peterson K, 2025. "Theories of Sustainable Development," MPRA Paper 123287, University Library of Munich, Germany.
    5. Yulin Lu & Chengyu Li & Min-Jae Lee, 2023. "A Study on the Measurement and Influences of Energy Green Efficiency: Based on Panel Data from 30 Provinces in China," Sustainability, MDPI, vol. 15(21), pages 1-17, October.
    6. Zhu, Junpeng & Lin, Boqiang, 2022. "Resource dependence, market-oriented reform, and industrial transformation: Empirical evidence from Chinese cities," Resources Policy, Elsevier, vol. 78(C).
    7. Xiaonan Sun & Javier Cifuentes‐Faura & Yao Xiao & Xiaoqian Liu, 2024. "A good name is rather to be chosen: The impact of CEO reputation incentives on corporate green innovation," Business Strategy and the Environment, Wiley Blackwell, vol. 33(3), pages 2413-2431, March.
    8. Shuguang Liu & Jiayi Wang & Yin Long, 2023. "Research into the Spatiotemporal Characteristics and Influencing Factors of Technological Innovation in China’s Natural Gas Industry from the Perspective of Energy Transition," Sustainability, MDPI, vol. 15(9), pages 1-34, April.
    9. Jinchao Huang & Shuang Meng & Jiajie Yu, 2023. "The Effects of the Low-Carbon Pilot City Program on Green Innovation: Evidence from China," Land, MDPI, vol. 12(8), pages 1-26, August.
    10. Wang, Yubao & Zhen, Junjie, 2024. "Regional electricity cooperation model for cost-effective electricity management with an emphasis on economic efficiency," Energy Policy, Elsevier, vol. 195(C).
    11. Yueyang Zhao & Jinzhou Mao, 2023. "Mixed ownership reforms and the transparency of nonstate‐owned enterprises: Evidence from China," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 44(1), pages 271-284, January.
    12. Han Wang & Zhuorui Han & Yang He, 2024. "The Levels of Government Environmental Attention and Enterprises’ Green Technological Innovation," Sustainability, MDPI, vol. 16(20), pages 1-26, October.
    13. Dong, Hao & Zheng, Yingrong & Tang, Yuhong, 2024. "Impact of FinTech on the industrial structural transformation: Evidence from China's resource-based cities," Resources Policy, Elsevier, vol. 91(C).
    14. Sun, Yanru & Sun, Hao & Sun, Panfei & Jin, Xuanzhu & Yang, Yimei, 2025. "Elevating the corporate social responsibility level: A media supervision mechanism based on the Stackelberg-Evolutionary game model," Omega, Elsevier, vol. 131(C).
    15. Lin, Boqiang & Xie, Yongjing, 2024. "How feed-in-tariff subsidies affect renewable energy investments in China? New evidence from firm-level data," Energy, Elsevier, vol. 294(C).
    16. Chen, Han & Deng, Jianping & Lu, Meiting & Zhang, Pengdong & Zhang, Qihao, 2024. "Government environmental attention, credit supply and firms' green investment," Energy Economics, Elsevier, vol. 134(C).
    17. Ren, Xiaohang & Xia, Xixia & Taghizadeh-Hesary, Farhad, 2023. "Uncertainty of uncertainty and corporate green innovation—Evidence from China," Economic Analysis and Policy, Elsevier, vol. 78(C), pages 634-647.
    18. Du, Gang & Li, Wendi, 2022. "Does innovative city building promote green logistics efficiency? Evidence from a quasi-natural experiment with 285 cities," Energy Economics, Elsevier, vol. 114(C).
    19. Wang, Hao & Ploegmakers, Huub & van der Krabben, Erwin & Meijerink, Sander, 2024. "The environmental effectiveness of water quality trading: Evidence from emissions trading programs in China," Ecological Economics, Elsevier, vol. 224(C).
    20. He, Wenjian & Cheng, Yu & Lin, Ying & Zhang, Hongxiao, 2022. "Microeconomic effects of designating National Forest Cities: Evidence from China's publicly traded manufacturing companies," Forest Policy and Economics, Elsevier, vol. 136(C).

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:finana:v:91:y:2024:i:c:s1057521923005628. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.elsevier.com/locate/inca/620166 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.