Emissions trading and firm innovation: Evidence from a natural experiment in China
محل انتشار: دومین کنفرانس علمی پژوهشی مدیریت و مهندسی صنایع
سال انتشار: 1399
نوع سند: مقاله کنفرانسی
زبان: انگلیسی
مشاهده: 236
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شناسه ملی سند علمی:
CMIECONF02_009
تاریخ نمایه سازی: 2 دی 1399
چکیده مقاله:
This study investigates the causal impact of market-based environmental regulation on firm innovation by exEmissions trading amining a large-scale market-based regulatory attempt in a developing country, namely, China's sulfur dioxide Technological innovation (SO2) emissions trading program. Based on the panel data of China's publicly traded firms from Environmental regulation adopt the difference-in-differences (DID) model to examine the innovation effects of the SO2 emissions trading pilot policy. The results show that the program leads to a significant increase in patents and environmental patents among regulated firms. And the innovation effects of the policy perform better in areas with a high level of environmental enforcement. In further analysis, we find that the program decreases SO2 emissions and promotes industrial growth in pilot areas. These evidences imply that the market-based emissions trading policy indeed promotes firm innovation and environmental innovation even in the context of a developing country, which is conductive to a win-win situation in both environmental protection and economic growth.
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نویسندگان
Nasim Ordooni
Santiago, Chile e Department of Business Administration, School of Economics and Business, University of Almería, Spain