Zuo Qiang, Majeed Muhammad Tariq
Shanxi Institute for Finance Research, Taiyuan, 030000, China.
Zhong He Sheng Capital Management Co., Ltd., Taiyuan, 030000, China.
Heliyon. 2024 Jul 25;10(15):e35215. doi: 10.1016/j.heliyon.2024.e35215. eCollection 2024 Aug 15.
Trade policy uncertainty might hamper trade flow, including the trade of green and renewable energy technologies. Therefore, this study aims to examine the asymmetric effects of trade policy uncertainty (TPU) on renewable energy consumption (REC) in China. To calculate the short- and long-term relationships between REC, TPU, national income, carbon footprints, and financial development, we used the nonlinear QARDL technique. The estimates reveal that an upsurge in TPU hurts REC in the short and long run. Conversely, a stable trade policy or a reduction in TPU increases REC in the long run. In the short run, a fall in TPU exerts no influence on REC. The findings further imply that various factors, including GDP, CO2 emissions, and financial development, contribute to long-term improvements in REC in China, both in the short and long run.
贸易政策不确定性可能会阻碍贸易流动，包括绿色和可再生能源技术的贸易。因此，本研究旨在考察贸易政策不确定性（TPU）对中国可再生能源消费（REC）的不对称影响。为了计算可再生能源消费、贸易政策不确定性、国民收入、碳足迹和金融发展之间的短期和长期关系，我们使用了非线性自回归分布滞后（QARDL）技术。估计结果显示，贸易政策不确定性的激增在短期和长期都会损害可再生能源消费。相反，稳定的贸易政策或贸易政策不确定性的降低从长期来看会增加可再生能源消费。在短期内，贸易政策不确定性的下降对可再生能源消费没有影响。研究结果还表明，包括国内生产总值、二氧化碳排放和金融发展在内的各种因素，在短期和长期都有助于中国可再生能源消费的长期改善。
