IDEAS home Printed from https://ideas.repec.org/a/sae/enejou/v45y2024i4p81-107.html
   My bibliography  Save this article

The Impact of Transportation Infrastructure on Manufacturing Energy Intensity: Micro Evidence from High-Speed Railway in China

Author

Listed:
  • Mian Yang
  • En-Ze Wang

Abstract

This paper examines the potential of infrastructure improvements, particularly the operation of High-speed railway (HSR), to enhance the energy efficiency of firms. By regarding the operation of the China’s HSR as an exogenous shock, this paper relies on a difference-in-differences estimation to isolate the causal effect of the infrastructure improvement on manufacturing firms’ energy intensity. This paper finds that the operation of HSR has improved the manufacturing firms’ energy intensity through the catalyzing the proliferation of advanced management techniques, and this effect gradually decreases with the increase in distance between the firm and the HSR station. Moreover, HSR indirectly decreases energy intensity by fostering technological innovation, decreasing debt financing costs, and extending debt financing magnitude. The study also uncovers heterogeneous effects of HSR connectivity on manufacturing firms’ energy intensity, which are more pronounced in smaller cities and industries characterized by high concentration and low agglomeration. Furthermore, the impact of HSR connectivity on reducing energy intensity is more substantial in state-owned and larger firms compared to non-state-owned and smaller firms. JEL Classification: Q43, O13, R41, L60

Suggested Citation

  • Mian Yang & En-Ze Wang, 2024. "The Impact of Transportation Infrastructure on Manufacturing Energy Intensity: Micro Evidence from High-Speed Railway in China," The Energy Journal, , vol. 45(4), pages 81-107, July.
    • Handle: RePEc:sae:enejou:v:45:y:2024:i:4:p:81-107
    DOI: 10.1177/01956574241281144
    as

    Download full text from publisher

    File URL: https://journals.sagepub.com/doi/10.1177/01956574241281144
    Download Restriction: no
    File URL: https://libkey.io/10.1177/01956574241281144?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
    ---><---

    More about this item

    Keywords

    high-speed railway; energy intensity; infrastructure; manufacturing firm;
    All these keywords.

    JEL classification:

    • Q43 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Energy and the Macroeconomy
    • O13 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Agriculture; Natural Resources; Environment; Other Primary Products
    • R41 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Transportation Economics - - - Transportation: Demand, Supply, and Congestion; Travel Time; Safety and Accidents; Transportation Noise
    • L60 - Industrial Organization - - Industry Studies: Manufacturing - - - General

    Statistics

    Access and download statistics

    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:sae:enejou:v:45:y:2024:i:4:p:81-107. 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.

    We have no bibliographic references for this item. You can help adding them by using 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: SAGE Publications (email available below). General contact details of provider: .

    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.