G2TT
来源类型Working Paper
规范类型报告
DOI10.3386/w26540
来源IDWorking Paper 26540
Going Green in China: Firms\u2019 Responses to Stricter Environmental Regulations
Haichao Fan; Joshua S. Graff Zivin; Zonglai Kou; Xueyue Liu; Huanhuan Wang
发表日期2019-12-09
出版年2019
语种英语
摘要This paper examines the effect of stringent environmental regulations on firms' environmental practices, economic performance, and environmental innovation. Reducing COD levels by 10% relative to 2005 levels is an aim of the Chinese 11th Five-Year Plan. Using a difference-in-differences framework based on a comprehensive firm-level dataset, we find that more stringent environmental regulations faced by firms are positively associated with a greater probability of reducing COD emissions; also, there exists an evident heterogeneous effect across industries with different pollution intensities. Stricter environmental regulations also account for the sharp decline in firms' profits, capital, and labor. After executing a complete chain of tests of the underlying mechanisms, we find that firms rely more on recycling and abatement investment than on innovations when meeting environmental requirements.
主题Microeconomics ; Households and Firms ; Other ; Law and Economics ; Development and Growth ; Innovation and R& ; D ; Environmental and Resource Economics ; Environment
URLhttps://www.nber.org/papers/w26540
来源智库National Bureau of Economic Research (United States)
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资源类型智库出版物
条目标识符http://119.78.100.153/handle/2XGU8XDN/584214
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Haichao Fan,Joshua S. Graff Zivin,Zonglai Kou,et al. Going Green in China: Firms\u2019 Responses to Stricter Environmental Regulations. 2019.
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