• Energy Research

Environmental reformation of old-fashioned sectors and the establishment of new pro-ecological businesses via green investment are the main driving forces behind the revolution in the Chinese industrial sector. Green investment aids in the growth of environmentally friendly industries. Hence, the primary objective of the analysis is to investigate the impact of green investment and technological progress on green industrial development. The results of the unit root tests encourage us to apply the ARDL model. The short and long-run estimates attached to R&D expenditures are positively significant, confirming that increasing R&D expenditures help improve the industrial structure. Similarly, the short and long-run estimates attached to green finance investment are positively significant, signifying that green investment benefits the industrial structure. Empirical findings show that technology significantly aggravates industrial structure development in only the long run. Thus, for green industrial development in China, there is a need to increase green investment and technological development up to top-level design.

Due to the depletion of fossil fuels, empirics began looking at the factors that might encourage investment in renewable energy. Socioeconomic productivity can encourage renewable energy development by encouraging authorities, businesses, and families to rely more on renewable energy sources. Therefore, this analysis is the first-ever effort to detect the impact of socioeconomic productivity on renewable energy development. We have used the panel ARDL and QARDL to examine the estimates. The results of the panel ARDL model predict that national income, financial development, productive capacity index, human capital, ICT, institutional quality, and structural changes are beneficial for renewable energy development in the long run. In the short run, only financial development, productive capacity index, human capital, and ICT promote renewable energy development. Likewise, the panel QARDL model estimates that the national income, financial development, and productive capacity index promote renewable energy development in the long run. However, in the short run, only the productive capacity index and financial development promote renewable energy development. Therefore, by integrating productive assets, entrepreneurial skills, and industrial connections, policymakers must work to boost the productive socioeconomic potential.

Green innovation is a significant component of high-value growth closely linked to China’s 14th five-year plan. This research investigates the influence of green innovation on the market performance of small- and medium-sized enterprises (SMEs). The results are based on the primary data gathered via an online questionnaire survey from 453 respondents working for SMEs in China. The structural equation modeling approach is used for data analysis purposes. The research findings highlight that green innovation positively impacts marketing and products. In turn, marketing innovation positively influences product innovation and market performance, and product innovation also significantly boosts market performance. The study’s findings lead us to suggest that organizations in developing countries should focus on SMEs’ green innovation, which will support them in achieving an effective market performance. The study’s limitations are noted so the findings can be interpreted with caution, and directions for future research are outlined for all stakeholders.

Numerous firms operate online brand communities (OBCs) in order to build a close consumer–brand relationship. To succeed in realizing this aim, firms must first sustain members’ brand community engagement. While prior studies have examined a series of drivers of brand community engagement, most of them focused on psychological and social motivations. Limited information is available about the role of product, brand and consumer characteristics in driving brand community engagement. Building on the uses and gratifications (UG) theory, the authors investigate the moderation of product complexity, brand symbolism, and extraversion in the relationship between brand community gratification and brand community engagement. With the collaboration of an online shopping site, 462 validated survey responses were collected to test our hypotheses. The results indicate that product complexity positively moderates the impact of information value on brand community engagement and brand symbolism positively moderates the effect of social value on brand community engagement. Finally, the results show that extraversion positively interacts with social value in enhancing brand community engagement. This study advances the understanding of brand community engagement.

Using panel data from the 17 underdeveloped provinces of China for 2005–2015, the author explored the differential impact of air (environment) quality and government policies on domestic and international visitors. Through econometric model analysis, the authors corroborated that domestic and international visitors react differently to air (environment) quality. In addition, domestic and international tourists have different responses to urbanization and transportation. Marketization is conducive to the development of tourism. Moreover, foreign trade has a positive impact on international tourists. These findings aid local governments to provide additional appropriate tourism development policies.

The relationship between exchange rate volatility (ERV) and other macroeconomic factors, including trade flows, domestic production, inflation, money demand, and economic growth, has remained a topic of a large number of studies in international finance. However, the research question that the past empirics have overlooked is whether ERV has any role in helping an emerging economy like China in its journey toward a renewable energy transition. To answer this question, this analysis intends to scrutinize the nexus between ERV and renewable energy investment (REI) in China over 1991Q1-2021Q4. Moreover, due to the asymmetric behavior of ERV, we have based our analysis on the asymmetric assumption. For analyzing the short and long-run impacts of ERV on REI in China, we used the linear autoregressive distributed lag (ARDL) and nonlinear ARDL methods. In the long term, the ARDL model predicts that stricter environmental policies and higher GDP will lead to more investment in renewable energy. As far as the nonlinear model is concerned, the long-term negative change in ERV does not affect REIs, whereas a long-term positive change in ERV reduces such investments. Likewise, unfavorable short-term exchange rate shocks encourage REI while positive short-term shocks discourage such development. Moreover, investment in renewable energy is bolstered by GDP, environmental policy strictness, and financial development, but is dampened by CO2 emissions in the short term in both models. On the basis of these results, we suggest that policymakers should consider implementing measures to stabilize exchange rates to promote investment in renewable energy.

In an effort to reduce environmental pollution and energy consumption, the Chinese government strongly promotes the usage of electric vehicles. However, studies focusing on assessing consumers’ willingness to pay (WTP) for electric vehicles (EVs) are limited in the country. This research aims to address this research gap by examining influencing factors of consumers’ WTP for EVs in the Chinese perspective. Combined with the existing consumers’ intention factors, the current study further contributed by augmenting the theoretical framework of the Theory of Planned Behavior by including three new dimensions (performance expectancy, information loaded, and perceived risk) to comprehensively analyze the willingness of Chinese consumers. Analysis is performed on survey data from 498 consumers using EVs in Beijing, China. To evaluate formulated hypotheses, structural equation modeling approach is employed. Empirical findings reveal that environmental knowledge and performance expectancy positively and significantly influence behavioral intention. In contrast, overloaded information has a negative impact on behavioral intention. Moreover, subjective norms are significantly and positively related to behavioral intention. The research outcomes further disclose that perceived risk is positively and significantly related to behavioral intention. Finally, behavioral intention has a significant and positive association with WTP for EVs. The study contributes to the literature on sustainable consumption behavior and provides academics and practitioners with essential future directions.