【主讲】Guojun He (Hong Kong University of Science and Technology)
【主题】Environmental Regulation and Firm-Level Productivity: A Regression Discontinuity Design
【时间】2017年4月14日 (周五) 15：30-17：00
【地点】上海财经大学经济学院楼402室
【语言】英文
【摘要】This paper estimates the causal effects of environmental regulation on productivity. Using a spatial regression discontinuity design, we estimate that China’s efforts in monitoring surface water quality decrease upstream firms’ TFP by 26.7% in the pollution-intensive industries. Both Chemical Oxygen Demand (COD) emission levels and emission intensity decreased significantly due to tighter regulation. The estimated TFP loss is about 1.73%–2.42% for a 10% abatement in COD emissions. To meet China’s emission abatement target in the 13th Five-Year Plan, the total loss in industrial output value will be 685 to 962 billion yuan (110 to 154.7 billion US dollars).
