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RETRACTED ARTICLE: Sustainable energy utility investment role in energy transformation progress: case of Mongolia

Author

Listed:
  • Huimin Jia

    (Zhejiang Taizhou University)

  • Yanqiu Wu

    (Zhejiang Yuexiu University)

Abstract

In response to the global imperative for sustainable energy, understanding the determinants of investments in sustainable utilities becomes crucial. This study focuses on exploring these factors in the context of Mongolia, covering the years 1980 to 2021 and utilizing the autoregressive distributed lag technique. Findings reveal that an increase in the consumer price index has a detrimental impact on investment. Interestingly, the development of information and communication technology shows limited influence on sustainable utilities investments in Mongolia. Conversely, larger economies exhibit a positive correlation, suggesting that they foster more substantial investments in sustainable utilities. Notably, economic risk emerges as a significant factor, negatively affecting investment. This underscores the importance of providing a stable and predictable investment environment. In light of these findings, practical policy recommendations for Mongolia include strategies such as digitalization, the establishment of green financing mechanisms, and the encouragement of public–private partnerships.

Suggested Citation

  • Huimin Jia & Yanqiu Wu, 2024. "RETRACTED ARTICLE: Sustainable energy utility investment role in energy transformation progress: case of Mongolia," Economic Change and Restructuring, Springer, vol. 57(2), pages 1-16, April.
    • Handle: RePEc:kap:ecopln:v:57:y:2024:i:2:d:10.1007_s10644-024-09660-7
    DOI: 10.1007/s10644-024-09660-7
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    More about this item

    Keywords

    Energy transition; Sustainable energy utility investment; Green energy deployment; Macroeconomic structure;
    All these keywords.

    JEL classification:

    • Q55 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environmental Economics: Technological Innovation
    • O11 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development
    • Q42 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Alternative Energy Sources
    • G32 - Financial Economics - - Corporate Finance and Governance - - - Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill

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