Journal
ENERGY ECONOMICS
Volume 85, Issue -, Pages -Publisher
ELSEVIER
DOI: 10.1016/j.eneco.2019.104601
Keywords
Carbon trading mechanism; Green development efficiency; Super-efficiency slack-based measure with undesirable outputs; Difference-in-difference; Propensity score matching difference-in-difference
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Funding
- National Natural Science Foundation of China [71771105, 71974077]
- National Philosophy and Social Science Foundation of China [16ZZD049]
- Guangdong Key Base of Humanities and Social Science-Enterprise Development Research
- Guangzhou Key Base of Humanities and Social Science-Centre for Low Carbon Economic Research
- [Yue Jiaoshi [2016]95]
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In this study, we propose a novel integrated approach incorporating super-efficiency slack-based measure with undesirable outputs, difference-in-difference and propensity score matching difference-in-difference to explore the effects of carbon trading mechanism on green development efficiency in terms of impact direction, impact degree and impact mode. Taking the provincial data of China from 1999 to 2017 as an example, the empirical results show that China's green development efficiencies have upward, downward and U-shaped trends. Carbon trading mechanism, research and development intensity, and pollution control investment have a positive effect on green development efficiency. However, population capital, urbanization and degree of openness have a negative effect on green development efficiency. (C) 2019 Published by Elsevier B.V.
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