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来源类型 | Working Paper |
规范类型 | 报告 |
DOI | 10.3386/w26540 |
来源ID | Working 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 |
URL | https://www.nber.org/papers/w26540 |
来源智库 | National Bureau of Economic Research (United States) |
引用统计 | |
资源类型 | 智库出版物 |
条目标识符 | http://119.78.100.153/handle/2XGU8XDN/584214 |
推荐引用方式 GB/T 7714 | Haichao Fan,Joshua S. Graff Zivin,Zonglai Kou,et al. Going Green in China: Firms\u2019 Responses to Stricter Environmental Regulations. 2019. |
条目包含的文件 | ||||||
文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
w26540.pdf(430KB) | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 |
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