气候变化领域集成服务门户(CCPortal): Regulatory policy and misallocation: A new perspective based on the productivity effect of cleaner production standards in China's energy firms

CCPortal

DOI	10.1016/j.enpol.2021.112231
	Regulatory policy and misallocation: A new perspective based on the productivity effect of cleaner production standards in China's energy firms
	Cao H.; Wang B.; Li K.
发表日期	2021
ISSN	0301-4215
卷号	152
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
英文关键词	Cleaner production standards; Difference-in-differences; Energy firms; Misallocation model; Total factor productivity
语种	英语
scopus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
来源期刊	Energy Policy
文献类型	期刊论文
条目标识符	http://gcip.llas.ac.cn/handle/2XKMVOVA/256602
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
推荐引用方式 GB/T 7714	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],2021,152.
APA	Cao H.,Wang B.,&Li K..(2021).Regulatory policy and misallocation: A new perspective based on the productivity effect of cleaner production standards in China's energy firms.Energy Policy,152.
MLA	Cao H.,et al."Regulatory policy and misallocation: A new perspective based on the productivity effect of cleaner production standards in China's energy firms".Energy Policy 152(2021).