Abstract
In China, the economic transition and industrial restructuring of resource-based cities is one of the high-priority tasks in sustainable economic development. As the State Council issues successive lists of resource-exhausted cities, the government provides substantial support to these cities. This study utilizes a difference-in-difference (DID) model and data on 284 cities in China from 2004 to 2016 to analyze the influence of the supporting policy on energy efficiency. According to our analysis, the supporting policy for resource-exhausted cities has significantly improved energy efficiency. Specifically, compared with the non-resource-exhausted cities, the energy efficiency of the resource-exhausted cities has risen by 0.0145. Then the preliminary regression results are verified by robustness tests and heterogeneity tests. The further mechanism analysis indicates that the reduction of resource dependence accounts for the improvement of energy efficiency over the sample period. Finally, research conclusions and policy implications are provided for achieving the sustainable development of resource-exhausted regions.
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