School of Resources, China University of Geosciences Wuhan, Wuhan, China.
School of Economics, Quaid-I-Azam University, Islamabad, Pakistan.
Environ Sci Pollut Res Int. 2022 Mar;29(12):17406-17416. doi: 10.1007/s11356-021-16967-9. Epub 2021 Oct 19.
This paper examines the impact of shadow economy and environmental policy stringency on energy consumption and economic growth in the case of China for the period 1993 to 2019. Asymmetric ARDL empirical findings show that positive shocks in shadow economy and environmental policy stringency have a significant and positive impact on energy consumption and economic growth in the long run. However, the negative shocks in shadow economy exert positive and significant impacts on energy consumption and economic growth in the long run, but magnitudes are small compared to positive shocks. The long-run findings report no significant effect of negative shock in environmental policy stringency on energy consumption and economic growth. China should use environmental policy stringency as economic tools to maintain green economic growth and clean energy demand for sustained economic expansion. Policymakers should focus on the inclusion of environmental policy stringency in any future environment strategy.
本文考察了影子经济和环境政策力度对中国 1993 年至 2019 年期间能源消费和经济增长的影响。非对称 ARDL 实证结果表明，影子经济和环境政策力度的正向冲击对能源消费和经济增长具有长期显著的正向影响。然而，在长期内，影子经济的负向冲击对能源消费和经济增长产生了积极且显著的影响，但与正向冲击相比，其影响幅度较小。长期来看，环境政策力度的负向冲击对能源消费和经济增长没有显著影响。中国应将环境政策力度作为经济工具，以保持绿色经济增长和清洁能源需求，促进经济持续扩张。政策制定者应注重将环境政策力度纳入未来的环境战略中。
