Xinshuo Hou , Yan He , Xin Liu , Dongyang Li , Shijie Zhang
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Market segmentation and urban energy consumption: An analysis of threshold effects from an agglomeration perspective
Mitigating energy consumption is a critical concern for countries globally as they pursue sustainable development goals. Despite the intertwining nature of market segmentation and economic development, their impact on energy consumption has received limited attention. The role of urban agglomeration in this context remains a topic of debate. This study explores the relationship between market segmentation and energy consumption based on the urban agglomeration perspective. Our empirical analysis draws on panel data from 265 cities across China collected over the period from 2004 to 2022. Diverging from prior studies that focus on singular indicators, our approach encompasses urban agglomeration across three dimensions: polycentric, industrial, and population concentrations. The research results show that: (1) Market segmentation is positively associated with urban energy consumption trends consistent across robustness tests; (2) Market segmentation has a significant impact on urban energy consumption, which varies significantly in terms of city scale, location and level. (3) The three urban agglomeration variables exhibit distinct moderating effects on the relationship between market segmentation and energy consumption. These research results provide a theoretical foundation for policy recommendations for energy conservation and market segmentation reduction.
期刊介绍:
Energy Economics is a field journal that focuses on energy economics and energy finance. It covers various themes including the exploitation, conversion, and use of energy, markets for energy commodities and derivatives, regulation and taxation, forecasting, environment and climate, international trade, development, and monetary policy. The journal welcomes contributions that utilize diverse methods such as experiments, surveys, econometrics, decomposition, simulation models, equilibrium models, optimization models, and analytical models. It publishes a combination of papers employing different methods to explore a wide range of topics. The journal's replication policy encourages the submission of replication studies, wherein researchers reproduce and extend the key results of original studies while explaining any differences. Energy Economics is indexed and abstracted in several databases including Environmental Abstracts, Fuel and Energy Abstracts, Social Sciences Citation Index, GEOBASE, Social & Behavioral Sciences, Journal of Economic Literature, INSPEC, and more.