Mechanism of directed technological investment on energy productivity and energy structure: A unified theoretical framework

Kód výsledku v 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>

Výsledek na webu

<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>

Jazyk výsledku

angličtina

Název v původním jazyce

Mechanism of directed technological investment on energy productivity and energy structure: A unified theoretical framework

Popis výsledku v původním jazyce

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.

Název v anglickém jazyce

Mechanism of directed technological investment on energy productivity and energy structure: A unified theoretical framework

Popis výsledku anglicky

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.

Druh

J_imp - Článek v periodiku v databázi Web of Science

CEP obor

—

OECD FORD obor

50200 - Economics and Business

Projekt

<a href="/cs/project/EF15_003%2F0000456" target="_blank" >EF15_003/0000456: Laboratoř integrace procesů pro trvalou udržitelnost</a><br>

Návaznosti

P - Projekt vyzkumu a vyvoje financovany z verejnych zdroju (s odkazem do CEP)

Rok uplatnění

2024

Kód důvěrnosti údajů

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Název periodika

ENERGY ECONOMICS

ISSN

0140-9883

e-ISSN

1873-6181

Svazek periodika

neuveden

Číslo periodika v rámci svazku

140

Stát vydavatele periodika

NL - Nizozemsko

Počet stran výsledku

17

Strana od-do

107943-107943

Kód UT WoS článku

001340034700001

EID výsledku v databázi Scopus

2-s2.0-85206519711