globalchange  > 气候变化与战略
DOI: 10.1016/j.enpol.2021.112231
论文题名:
Regulatory policy and misallocation: A new perspective based on the productivity effect of cleaner production standards in China's energy firms
作者: Cao H.; Wang B.; Li K.
刊名: Energy Policy
ISSN: 03014215
出版年: 2021
卷: 152
语种: 英语
中文关键词: Cleaner production standards ; Difference-in-differences ; Energy firms ; Misallocation model ; Total factor productivity
英文关键词: Pollution control ; Resource allocation ; Cleaner production ; Cleaner production standard ; Difference-in-differences ; Differences-in-differences ; Energy firm ; Misallocation model ; Production standards ; Regulatory policies ; Resources allocation ; Total factor productivity ; Productivity ; alternative energy ; econometrics ; energy policy ; power generation ; resource allocation ; standard (regulation) ; total factor productivity ; China
英文摘要: Based on a theoretical model, this study reveals that regulatory policy can impact two different types of total factor productivity (TFP) at both the firm and industry levels, namely the true/distorted TFP, calculated by the observed and distorted data, and the counterfactual/undistorted TFP, after correcting distortions. Then, using the difference-in-differences method, we investigate the impact of cleaner production standards on Chinese energy firms' TFP and resource allocation efficiency over the period of 2000–2007. The empirical results show that when resources are fully and effectively allocated, the distorted TFP of China's energy industry can be increased by 117%–491.6%. Although the regulations of cleaner production reduce the efficiency of resource allocation in the energy industry, it enhances two levels of firms' TFP. Heterogeneity analysis shows that these policies have a stronger impact on small and state-owned firms. This study suggests that policy evaluation should combine the changes in two levels of TFP and resource allocation. © 2021 Elsevier Ltd
Citation statistics:
资源类型: 期刊论文
标识符: http://119.78.100.158/handle/2HF3EXSE/167707
Appears in Collections:气候变化与战略

Files in This Item:

There are no files associated with this item.


作者单位: Hunan Key Laboratory of Macroeconomic Big Data Mining and Its Application, School of Business, Hunan Normal University, Changsha, Hunan 410081, China; Institute of Industrial Economics, Jinan University, Guangzhou, 510632, China; Key Laboratory of Computing and Stochastic Mathematics (Ministry of Education of China), Key Laboratory of Applied Statistics and Data Science, School of Mathematics and Statistics, Hunan Normal University, Changsha, Hunan 410081, China

Recommended Citation:
Cao H.,Wang B.,Li K.. Regulatory policy and misallocation: A new perspective based on the productivity effect of cleaner production standards in China's energy firms[J]. Energy Policy,2021-01-01,152
Service
Recommend this item
Sava as my favorate item
Show this item's statistics
Export Endnote File
Google Scholar
Similar articles in Google Scholar
[Cao H.]'s Articles
[Wang B.]'s Articles
[Li K.]'s Articles
百度学术
Similar articles in Baidu Scholar
[Cao H.]'s Articles
[Wang B.]'s Articles
[Li K.]'s Articles
CSDL cross search
Similar articles in CSDL Cross Search
[Cao H.]‘s Articles
[Wang B.]‘s Articles
[Li K.]‘s Articles
Related Copyright Policies
Null
收藏/分享
所有评论 (0)
暂无评论
 

Items in IR are protected by copyright, with all rights reserved, unless otherwise indicated.