Green urbanization’s role in mitigating oil market shocks on China’s macroeconomy: evidence from panel data analyses

Abstract

ABSTRACT Our study assesses the extent of green urbanization in China’s provinces. We conduct an empirical analysis at the provincial level, using the IPVAR model to explore the relationship between oil market supply shocks and macroeconomic impacts in the context of local green urbanization levels. The findings indicate that increased green urbanization at the local level can mitigate the macroeconomic impact of oil market disruptions. Furthermore, this mitigating effect tends to strengthen over time.