期刊
INTERNATIONAL JOURNAL OF ENVIRONMENTAL RESEARCH AND PUBLIC HEALTH
卷 18, 期 17, 页码 -出版社
MDPI
DOI: 10.3390/ijerph18179040
关键词
emissions trading system; green total factor productivity; spatial difference-in-difference; energy efficiency; green innovation; industry structure; spatial heterogeneity
资金
- Ministry of Education of Humanities and Social Science Project [17YJCZH063]
- Shenzhen Philosophy and Social Sciences Planning 2020 Project [SZ2020B012]
This study examines the spatial effect, mechanism, and heterogeneity of the ETS on urban GTFP in China based on panel data from 281 cities. The results show that the ETS significantly improves the GTFP of the pilot cities, and the policy effect is mainly driven by improving energy efficiency, promoting green innovation, and optimizing the industrial structure. The study's identification method can be used as a scientific reference for conducting similar research in other emerging countries.
How to effectively identify the spatial effect of the emissions trading system(ETS) on urban green total factor productivity(GTFP) generated through the linkage of economic factors between cities is a necessary part of scientifically evaluating the effect of ETS policy in emerging- market countries. This study aims to examine the spatial effect, mechanism, and heterogeneity of the ETS on urban GTFP based on the panel data of 281 cities from 2004 to 2017 in China, applying spatial difference-in-differences(DID) Durbin model (SDID-SDM) with multidimensional fixed effect (FE). The results show that ETS significantly improves the GTFP of the pilot cities, produces a spatial spillover effect and the results are robust to the placebo test, propensity score matching SDID (PSM-SDID) test, and Carbon-ETS interference test. Further analysis shows that the policy effect is mainly driven by improving energy efficiency, promoting green innovation, and optimizing the industrial structure. In addition, we found that ETS performs better in regions with a high degree of marketization, strong environmental law enforcement, and a low proportion of coal consumption. In general, the identification method of this study can be used as a scientific reference for conducting similar research in other emerging countries.
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