Mechanism of directed technological investment on energy productivity and energy structure: A unified theoretical framework
The result's identifiers
Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F00216305%3A26210%2F24%3APU156172" target="_blank" >RIV/00216305:26210/24:PU156172 - isvavai.cz</a>
Result on the web
<a href="https://www.sciencedirect.com/science/article/pii/S0140988324006510" target="_blank" >https://www.sciencedirect.com/science/article/pii/S0140988324006510</a>
DOI - Digital Object Identifier
<a href="http://dx.doi.org/10.1016/j.eneco.2024.107943" target="_blank" >10.1016/j.eneco.2024.107943</a>
Alternative languages
Result language
angličtina
Original language name
Mechanism of directed technological investment on energy productivity and energy structure: A unified theoretical framework
Original language description
The mechanisms and effects of technological investment on energy productivity and energy structure in the petrochemical industry remain unclear due to the directional nature of technological progress. This study proposes a unified theoretical framework for the impact of directed technological investment on energy productivity and energy structure by incorporating energy factors into the theory of technological progress bias. The aim is to elucidate the impact of technological progress on energy productivity and energy structure, and to unravel the underlying effect mechanisms. A fixed effects model that includes moderating effects is also developed to support the assessment. The study found that the petrochemical industry's technological investment in China was initially biased towards enhancing labour-augmenting technological progress. The mechanism analysis revealed that technological investment, under the moderating effects of price and environmental governance, preferred a capital-energy bias, leading to insignificant improvements in energy productivity but a substantial increase in labour productivity. In addition, the technological investment, influenced by the moderating effect of environmental governance, led to some improvement in the energy structure during the sample period. This study integrates the mechanisms of directed technological investment on energy productivity and energy structure into a unified analytical framework, systematically investigating the reasons, effect mechanisms, and consequences of bias, while providing empirical evidence that supports low-carbon development in the petrochemical industry.
Czech name
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Czech description
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Classification
Type
J<sub>imp</sub> - Article in a specialist periodical, which is included in the Web of Science database
CEP classification
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OECD FORD branch
50200 - Economics and Business
Result continuities
Project
<a href="/en/project/EF15_003%2F0000456" target="_blank" >EF15_003/0000456: Sustainable Process Integration Laboratory (SPIL)</a><br>
Continuities
P - Projekt vyzkumu a vyvoje financovany z verejnych zdroju (s odkazem do CEP)
Others
Publication year
2024
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů
Data specific for result type
Name of the periodical
ENERGY ECONOMICS
ISSN
0140-9883
e-ISSN
1873-6181
Volume of the periodical
neuveden
Issue of the periodical within the volume
140
Country of publishing house
NL - THE KINGDOM OF THE NETHERLANDS
Number of pages
17
Pages from-to
107943-107943
UT code for WoS article
001340034700001
EID of the result in the Scopus database
2-s2.0-85206519711