UG环球360官方网站卓越讲坛第二十六讲之樊海潮

2021-07-09


报告题目:Going Green In China: Firms’ Responses to stricter environmental regulations

报告时间:2021710日下午14:00-15:30

报告地点:翡翠湖校区科教楼B1005

报 告 人:樊海潮(复旦大学)

主办单位:UG环球360官方网站


报告人简介:

复旦大学UG环球360官方网站教授,香港科技大学经济学博士,国家级人才项目获得者,主要从事国际经济与贸易理论和实证研究,在国内外知名经济学期刊《经济研究》《管理世界》《世界经济》《经济学(季刊)》《Economic Journal》《Economic Theory》《Journal of Development Economics》《Journal of International Economics》《Review of Economics and Statistics》等发表多篇高水平论文。



内容摘要:

This paper examines the effect of stringent environmental regulations on firms' environmental practices, economic performance, and environmental innovation. Reducing COD levels by 10% relative to 2005 levels is an aim of the Chinese 11th Five-Year Plan. Using a difference-in-differences framework based on a comprehensive firm-level dataset, we find that more stringent environmental regulations faced by firms are positively associated with a greater probability of reducing COD emissions; also, there exists an evident heterogeneous effect across industries with different pollution intensities. Stricter environmental regulations also account for the sharp decline in firms' profits, capital, and labor. After executing a complete chain of tests of the underlying mechanisms, we find that firms rely more on recycling and abatement investment than on innovations when meeting environmental requirements.







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