Environmental regulation and industrial upgrading are the key to achieve win-win results for both economy and the environment. After environmental regulation tools are divided into market incentive and command control...Environmental regulation and industrial upgrading are the key to achieve win-win results for both economy and the environment. After environmental regulation tools are divided into market incentive and command control types,based on the provincial-level data of 30 provinces( cities and regions) in China from 2004 to 2016,the impact of environmental regulation on industrial upgrading and its transmission paths are empirically tested through an intermediary effect model. Technological innovation,FDI and capital market development all meet intermediary conditions,and the market incentive type is more dependent on technological innovation,while the command control type is more dependent on FDI and capital market development.The impact of the two environmental regulation tools on industrial upgrading is further studied. The results show that there is an " inverted U-shaped" relationship between the command control type and industrial upgrading,while there is a " U-shaped" relationship between the market incentive type and industrial upgrading,and there are also certain regional differences in the impact of environmental regulation on industrial upgrading.展开更多
This study employed a difference-in-differences design to assess the effect of marketbased environmental regulation on green total factor energy efficiency(GTFEE)in a quasi-natural experiment that investigated China&#...This study employed a difference-in-differences design to assess the effect of marketbased environmental regulation on green total factor energy efficiency(GTFEE)in a quasi-natural experiment that investigated China's carbon emissions trading scheme(ETS).The empirical results show that ETS had a positive effect on GTFEE.A series of robustness tests revealed that the results were robust.Potential mechanisms through which ETS can improve GTFEE include the promotion of technological innovation and the upgrading of industrial structure.The positive effects varied in different cities and diferent regions-the result was pronounced in eastern China and developed cities,but it was insignificant in central and western areas and developing cities.This study confirms the satisfactory performance of China's ETS in improving GTFEE,and this is relevant for other emerging countries.展开更多
文摘Environmental regulation and industrial upgrading are the key to achieve win-win results for both economy and the environment. After environmental regulation tools are divided into market incentive and command control types,based on the provincial-level data of 30 provinces( cities and regions) in China from 2004 to 2016,the impact of environmental regulation on industrial upgrading and its transmission paths are empirically tested through an intermediary effect model. Technological innovation,FDI and capital market development all meet intermediary conditions,and the market incentive type is more dependent on technological innovation,while the command control type is more dependent on FDI and capital market development.The impact of the two environmental regulation tools on industrial upgrading is further studied. The results show that there is an " inverted U-shaped" relationship between the command control type and industrial upgrading,while there is a " U-shaped" relationship between the market incentive type and industrial upgrading,and there are also certain regional differences in the impact of environmental regulation on industrial upgrading.
基金the Fundamental Research Funds for the Central Universities in Donghua University and Shanghai Soft Science Research Project(No.23692120100).
文摘This study employed a difference-in-differences design to assess the effect of marketbased environmental regulation on green total factor energy efficiency(GTFEE)in a quasi-natural experiment that investigated China's carbon emissions trading scheme(ETS).The empirical results show that ETS had a positive effect on GTFEE.A series of robustness tests revealed that the results were robust.Potential mechanisms through which ETS can improve GTFEE include the promotion of technological innovation and the upgrading of industrial structure.The positive effects varied in different cities and diferent regions-the result was pronounced in eastern China and developed cities,but it was insignificant in central and western areas and developing cities.This study confirms the satisfactory performance of China's ETS in improving GTFEE,and this is relevant for other emerging countries.
