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dc.contributor.authorYang, Dong-xiao
dc.contributor.authorChen, Ziyue
dc.contributor.authorYang, Yong-cong
dc.contributor.authorNie, Pu-yan
dc.identifier.citationPhysica A: Statistical Mechanics and its Applications. 2019, 522 135-146.nb_NO
dc.description.abstractAs traditional energy is depleting, it is urgent to search for substitutes of traditional energy. Therefore, policies promoting the development of renewable energy are introduced. Under the condition of non-capital constraints, the green-credit policy and the production subsidy about renewable energy enterprises are compared. The results show that changes of market interest rate provide different implications for regulators to choose between the two policies. Under the condition of capital constraints, it is found that the green-credit policy has positive effect on renewable energy enterprises, and the effect enlarges when the difference between green rates and market interest rate becomes wider. With the increase of carbon tax and the negative externality of traditional energies, the capital flows into renewable energy enterprises. This article provides support for the development of renewable energy and its policies based on the comparison of the two policies. According to the results of this study, it is believed that the implementation of both types of policies will have a more positive effect.nb_NO
dc.rightsNavngivelse 4.0 Internasjonal*
dc.titleGreen financial policies and capital flowsnb_NO
dc.typeJournal articlenb_NO
dc.typePeer reviewednb_NO
dc.source.journalPhysica A: Statistical Mechanics and its Applicationsnb_NO
dc.description.localcodeThis is an open access article distributed under the terms of the Creative Commons CC-BY license, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited. You are not required to obtain permission to reuse this article.nb_NO
cristin.unitnameInstitutt for vareproduksjon og byggteknikk

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Navngivelse 4.0 Internasjonal
Except where otherwise noted, this item's license is described as Navngivelse 4.0 Internasjonal