Is carbon emission trading policy a panacea? The implications of promoting green total factor productivity

IF 1.1 4区经济学 Q3 ECONOMICS

Asian-Pacific Economic Literature Pub Date : 2024-06-03 DOI:10.1111/apel.12418

Zhangting Hui, Chang Hwan Choi

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引用次数: 0

Abstract

Market-based environmental regulation is crucial in influencing environmental and socioeconomic development. Carbon emission trading (CET) policy in China has been implemented since 2012 to balance the environment and economy, especially the green total factor productivity (GTFP). Most previous studies have only conducted short-term investigations on the impact of CET on environmental and socioeconomic development. In this study, we investigated panel data from 30 regions in China during 2003–2019, adopted the Global Malmquist-Luenberger and Super-SBM methods to measure GTFP, and employed the propensity score matched difference in difference (PSM-DID) to investigate the effect of CET policy on the environment, GTFP, and secondary industry output. The results indicate that CET policy has a positive influence on carbon emission reduction, contributes to the improvement of GTFP, and provides economic value. Therefore, we believe that CET policy can effectively help China to achieve a win-win scenario of environmental protection and economic growth.

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碳排放交易政策是灵丹妙药吗？促进绿色全要素生产率的影响

以市场为基础的环境监管对环境和社会经济发展的影响至关重要。中国自 2012 年开始实施碳排放权交易（CET）政策，以平衡环境与经济，尤其是绿色全要素生产率（GTFP）。以往的大多数研究仅对碳排放交易对环境和社会经济发展的影响进行了短期调查。在本研究中，我们调查了中国 30 个地区 2003-2019 年的面板数据，采用 Global Malmquist-Luenberger 和 Super-SBM 方法测算 GTFP，并采用倾向得分匹配差分法（PSM-DID）研究 CET 政策对环境、GTFP 和第二产业产出的影响。结果表明，CET 政策对碳减排有积极影响，有助于改善 GTFP，并提供经济价值。因此，我们认为 CET 政策能有效帮助中国实现环境保护与经济增长的双赢。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Asian-Pacific Economic Literature ECONOMICS-

CiteScore

1.70

自引率

0.00%

发文量

期刊介绍： Asian-Pacific Economic Literature (APEL) is an essential resource for anyone interested in economic development in the Asian-Pacific region. With original articles on topical policy issues, literature surveys, and abstracts of articles from over 300 journals, APEL makes it easy for you to keep ahead of the proliferating research on this dynamic and increasingly important region. Read by politicians, journalists, businesspeople, policy-makers, industrialists and academics, APEL avoids technical jargon, and is the only journal devoted to one-stop, in-depth reporting of research on the development of Asian-Pacific economies.