The Spatial Spillover Effect of Clean Energy Development on Economic Development: A Case of Theoretical and Empirical Analyses from China

Abstract

Does clean energy development (CED) have a spatial spillover effect on economic growth (EG)? Using the panel data of 30 provincial administrative units from 2000 to 2019 in China, this study empirically investigates the spatial spillover effect of CED on EG. From the perspective of the supply side rather than the consumption side, using the spatial Durbin model (SDM), the study finds that CED does not have a significant impact on EG, while there is an apparent positive spillover effect of CED on EG in China, meaning that CED in one province can boost EG in the surrounding provinces. Theoretically, this paper provides a new perspective for studying the relationship between CED and EG. In practice, it provides a reference for further improving the government’s future energy policy.