Towards Green Economics and Society: Exploring the Efficiency of New Energy Generation

Author:

Ye Guoqing1,Xu Xin Long2,Chen Yujie3,Zhang Kai Quan45ORCID

Affiliation:

1. State Grid Zhejiang Dongyang Power Supply Co., Ltd., Dongyang 322100, China

2. College of Tourism, Hunan Normal University, Changsha 410081, China

3. Faculty of Hospitality and Tourism Management, Macau University of Science and Technology, Taipa 999078, Macau

4. School of Economics, Xiamen University, Xiamen 361005, China

5. School of Economics and Business Administration, Longyan University, Longyan 364012, China

Abstract

In recent years, solar and wind energy have been increasingly abandoned due to the blind expansion of the new energy industry. Due to the competitive relationships between different types of new energy, reasonable industrial development planning needs to be implemented to not only save the cost of government subsidies but also clarify the investment direction of social capital. Based on the panel data of OECD countries between 2006 and 2018, the stochastic frontier analysis (SFA) was used to measure the efficiency of new energy generation (NEG) and the influencing factors were analyzed in this paper. Results were as follows: the efficiency of NEG in OECD countries is improving; the efficiency of NEG is positively correlated with technical innovation, government policies, economic level, and education level and negatively correlated with urbanization. Based on the empirical results of this study, problems in the development of the new energy industry have been discussed and suggestions to improve the efficiency of NEG have been proposed.

Funder

Social Science Foundation of Fujian Province

Publisher

Hindawi Limited

Subject

General Engineering,General Mathematics

Reference88 articles.

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