Environmental regulation and energy efficiency: evidence from daily penalty policy in China

被引：9
作者：
Hu, Kai [1 ,2 ]
Li, Dandan [3 ,4 ]
Shi, Daqian [5 ]
Xu, Wenli [6 ]
机构：
[1] East China Univ Sci & Technol, Dept Sociol, Meilong Rd 130, Shanghai 200237, Peoples R China
[2] Univ St Andrews, Sch Geog & Sustainable Dev, Populat & Hlth Res Grp, Fife KY16 9AL, Scotland
[3] Hubei Univ Econ, Collaborat Innovat Ctr Emiss Trading Syst Coconstr, Wuhan 430205, Peoples R China
[4] Hubei Univ Econ, Sch Low Carbon Econ, Wuhan 430205, Peoples R China
[5] Wuhan Univ Technol, Sch Econ, Wuhan 430070, Peoples R China
[6] Anhui Univ, Sch Econ, Hefei 230601, Peoples R China
来源：
JOURNAL OF REGULATORY ECONOMICS | 2023年 / 63卷 / 1-2期
关键词：
Environmental regulation; Energy efficiency; Daily penalty policy; Economic development; AIR-POLLUTION; INNOVATION; COUNTRIES; INDUSTRY; PRODUCTIVITY; EMISSIONS; BENEFITS; IMPACT; RETURN; PULP;
D O I：
10.1007/s11149-022-09455-6
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
To achieve the twin aims of environmental improvement and economic progress, some cities in China have implemented a stringent environmental regulation, Daily Penalty Policy (DPP). Compared with previous environmental regulations, DPP dramatically increases the cost of environmental pollution, but it is unclear whether DPP can effectively control environmental pollution and improve economic development together. This study evaluates the environmental and economic effects of DPP by estimating the relationship between DPP and energy efficiency in time-varying difference -indifferences (Time-varying DID) models. Our results show that DPP increases the firm-level energy efficiency (beta =0.07, p < 0.01) as well as confirm the twin effects of DPP on environmental pollution (decline in coal consumption and pollution emissions) and economic development (increase in production output).
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页码：1 / 29
页数：29
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