Development potential of new energy industry and regional economic equilibrium in Western China: A quantitative analysis based on technological innovation, policy support and infrastructure construction

Li Mengsi és Neszmélyi György Iván (2026) Development potential of new energy industry and regional economic equilibrium in Western China: A quantitative analysis based on technological innovation, policy support and infrastructure construction. In: Researchers’ Day Conference Proceedings – Budapest University of Economics and Business 2025. Budapesti Gazdaságtudományi Egyetem, Budapest, pp. 1-10. ISBN 978-615-6886-26-2

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Abstract

The western region of China, particularly Inner Mongolia, Xinjiang, and Tibet, is rich in new energy resources including wind and solar energy, which offer great potential for promoting regional economic growth and for achieving regional economic balance. However, progress in developing new energy resources in the West has lagged due to remote locations, weak infrastructure, insufficient technological innovation and inadequate policy support. Currently, the main challenges facing the western region include the difficulties in developing new ways of energy generation, high energy transmission costs, and insufficient energy storage technologies, which – to a certain extent – constrain the contribution of the new energy industry to the local economy. This study aims to look at how new energy resources can grow in the western region and investigates ways to boost the new energy industry through better technology, supportive policies, and improved infrastructure, which will help the local economy grow in a sustainable way. First, the study will use quantitative analysis methods to assess the contribution of the new energy industry to the local economy and will analyze the role of resource development in promoting regional economic growth by collecting data on wind and solar energy resources in the western region and will use statistical tools such as regression analysis. In addition, the study will combine SWOT analyses to quantitatively analyze the strengths, weaknesses, opportunities, and threats of the new energy industry in the western region in terms of resource endowment, technological innovation, policy support, infrastructure construction, and other dimensions to provide policymakers with comprehensive decision support. Through this study, we aim to provide policymakers with practical suggestions to help the western region utilize the new energy industry to promote economic restructuring, facilitate industrial upgrading, enhance the quality of economic development, achieve coordinated regional economic development, and support China’s strategic goal of green and sustainable development