Will Clean Energy Application Affect the Subjective Well-Being of Chinese Rural Residents?

Abstract

Abstract: In the process of promoting the application of clean energy, China should fully consider the farmer’s benefits and conform to the aspirations of rural residents for a better life. Based on the data from five consecutive China Family Panel Study (CFPS) from 2010 to 2018,this study constructs a“counterfactual”framework to analyze whether the clean energy application has an impact on the subjective well-being of rural residents in China with the method of difference in difference (DID), then it further tests the internal mechanism of such impact. The results show that the application of clean energy can significantly improve the subjective well-being of Chinese rural residents, and that the middle-aged group, the non-illiterate group and the working group show a higher increase in subjective well-being than their counterparts. In addition, the indirectmechanism of the impact of clean energy application on the rural residents’ subjective well-being mainly stems from three aspects, i.e., the improvement of the comprehensive economic effect, the increased confidence in the future, and the improvement of air quality. Therefore, China should consolidate the achievements of rural clean energy development and continue to strengthen the construction of rural clean energy, focusing on the young, the old, the illiterate, and the unemployed groups, and actively solve the inter-generational equity and social equity problems in the application of rural clean energy.

Key words: clean energy, rural resident, subjective well-being, double difference method

CLC Number:

F328

LI Na, ZHANG Guang-lai, REN Ya-yun. Will Clean Energy Application Affect the Subjective Well-Being of Chinese Rural Residents?[J]. Journal of Jiangxi University of Finance and Economics, 2024, 0(2): 82-93.

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