| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w29066 |
| 来源ID | Working Paper 29066 |
| Regulating Conglomerates in China: Evidence from an Energy Conservation Program | |
| Qiaoyi Chen; Zhao Chen; Zhikuo Liu; Juan Carlos Suárez Serrato; Daniel Xu | |
| 发表日期 | 2021-07-26 |
| 出版年 | 2021 |
| 语种 | 英语 |
| 摘要 | We study a prominent energy regulation affecting large Chinese manufacturers that are part of broader conglomerates. Using detailed firm-level data and difference-in-differences research designs, we show that regulated firms cut output and shifted production to unregulated firms in the same conglomerate instead of improving their energy efficiency. Conglomerate spillovers account for 40% of the output loss of regulated firms and substantially reduce aggregate energy savings. Using a structural model, we show that alternative polices that use public information on business networks could lower the shadow cost of the regulation by more than 40% and increase aggregate energy savings by 10%. |
| 主题 | Public Economics ; Taxation ; Industrial Organization ; Regulatory Economics ; Development and Growth ; Growth and Productivity ; Environmental and Resource Economics ; Energy |
| URL | https://www.nber.org/papers/w29066 |
| 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/586740 |
| 推荐引用方式 GB/T 7714 | Qiaoyi Chen,Zhao Chen,Zhikuo Liu,et al. Regulating Conglomerates in China: Evidence from an Energy Conservation Program. 2021. |
| 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 | ||
| w29066.pdf（775KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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