Evaluating green policies: A comparative analysis of subsidies and public procurement in green transition

IF 7.9 2区经济学 Q1 ECONOMICS

Economic Analysis and Policy Pub Date : 2025-05-06 DOI:10.1016/j.eap.2025.05.005

Jinqi Gao, Fan Lu

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Abstract

Evaluating the impact of green fiscal policies is crucial for accelerating comprehensive green transition and advancing national green development. Using data from China’s A-share listed companies for 2015–2023 and employing an econometric two-way fixed effects model, this paper comparatively analyzes green fiscal policies’ synergistic effects on enterprise green transition. The following key results are obtained. First, government green subsidies and green public procurement significantly promote enterprise green transition through policy persistence, staged incentives, and green support. Second, a heterogeneity analysis reveals that the positive incentive effects vary by region, industry, and individual characteristics. Finally, further analysis shows that supply- and demand-side green fiscal policies exert a synergistic impact on enterprise green transition, contingent on the sequence of policy implementation. The findings of this study contribute to a deeper understanding of green support policies on the supply and demand sides, offering new insights for refining China’s green incentive policy framework.

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绿色政策评价：绿色转型中补贴与公共采购的比较分析

评估绿色财政政策的效果，对于加快全面绿色转型、推进国家绿色发展至关重要。本文利用2015-2023年中国a股上市公司数据，运用计量经济学双向固定效应模型，比较分析了绿色财政政策对企业绿色转型的协同效应。得到以下关键结果。第一，政府绿色补贴和绿色公共采购通过政策坚持、阶段性激励、绿色支持等方式，显著促进企业绿色转型。其次，异质性分析表明，正向激励效应因地区、行业和个体特征而异。最后，进一步分析表明，供给侧和需求侧绿色财政政策对企业绿色转型具有协同效应，这取决于政策实施的先后顺序。本文的研究结果有助于从供给侧和需求侧深入理解绿色支持政策，为完善中国绿色激励政策框架提供新的见解。

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

Economic Analysis and Policy ECONOMICS-

CiteScore

9.80

自引率

9.20%

发文量

231

审稿时长

93 days

期刊介绍： Economic Analysis and Policy (established 1970) publishes articles from all branches of economics with a particular focus on research, theoretical and applied, which has strong policy relevance. The journal also publishes survey articles and empirical replications on key policy issues. Authors are expected to highlight the main insights in a non-technical introduction and in the conclusion.