Does the Porter hypothesis hold in China? Evidence from the low-carbon city pilot policy

Given the constraints of energy, environment, and climate change in the process of economic development, transitioning to a low-carbon economy by such means as the construction of low-carbon cities is a feasible approach to a sustainable development pattern that balances energy conservation, environ...

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Autores principales:	Weiping Shen, Yong Wang, Weijie Luo
Formato:	article
Lenguaje:	EN
Publicado:	Taylor & Francis Group 2021
Materias:	low-carbon city pilot policy total factor productivity porter hypothesis Economic growth, development, planning HD72-88 Economic history and conditions HC10-1085
Acceso en línea:	https://doaj.org/article/0181d572eebe41bf860909c120bc6424
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spelling	oai:doaj.org-article:0181d572eebe41bf860909c120bc64242021-11-11T14:23:41ZDoes the Porter hypothesis hold in China? Evidence from the low-carbon city pilot policy1514-03261667-672610.1080/15140326.2020.1858224https://doaj.org/article/0181d572eebe41bf860909c120bc64242021-01-01T00:00:00Zhttp://dx.doi.org/10.1080/15140326.2020.1858224https://doaj.org/toc/1514-0326https://doaj.org/toc/1667-6726Given the constraints of energy, environment, and climate change in the process of economic development, transitioning to a low-carbon economy by such means as the construction of low-carbon cities is a feasible approach to a sustainable development pattern that balances energy conservation, environmental protection, and economic growth. Utilizing the data of listed companies in China A-shares market over the period 2007–2016, we treat China’s low-carbon city pilot policy (LCCPP) as a quasi-natural experiment and adopt a difference-in-differences approach to explore the effect of LCCPP on the total factor productivity (TFP) of firms. Firm TFP is found to be negatively associated with the implementation of LCCPP. Our mechanism analysis reveals that the LCCPP stimulates innovation by firms in China, consistent with the weak Porter hypothesis. Moreover, the negative relationship between the LCCPP and TFP holds more strongly in larger firms or those located in the eastern region.Weiping ShenYong WangWeijie LuoTaylor & Francis Grouparticlelow-carbon city pilot policytotal factor productivityporter hypothesisEconomic growth, development, planningHD72-88Economic history and conditionsHC10-1085ENJournal of Applied Economics, Vol 24, Iss 1, Pp 246-269 (2021)
institution	DOAJ
collection	DOAJ
language	EN
topic	low-carbon city pilot policy total factor productivity porter hypothesis Economic growth, development, planning HD72-88 Economic history and conditions HC10-1085
spellingShingle	low-carbon city pilot policy total factor productivity porter hypothesis Economic growth, development, planning HD72-88 Economic history and conditions HC10-1085 Weiping Shen Yong Wang Weijie Luo Does the Porter hypothesis hold in China? Evidence from the low-carbon city pilot policy
description	Given the constraints of energy, environment, and climate change in the process of economic development, transitioning to a low-carbon economy by such means as the construction of low-carbon cities is a feasible approach to a sustainable development pattern that balances energy conservation, environmental protection, and economic growth. Utilizing the data of listed companies in China A-shares market over the period 2007–2016, we treat China’s low-carbon city pilot policy (LCCPP) as a quasi-natural experiment and adopt a difference-in-differences approach to explore the effect of LCCPP on the total factor productivity (TFP) of firms. Firm TFP is found to be negatively associated with the implementation of LCCPP. Our mechanism analysis reveals that the LCCPP stimulates innovation by firms in China, consistent with the weak Porter hypothesis. Moreover, the negative relationship between the LCCPP and TFP holds more strongly in larger firms or those located in the eastern region.
format	article
author	Weiping Shen Yong Wang Weijie Luo
author_facet	Weiping Shen Yong Wang Weijie Luo
author_sort	Weiping Shen
title	Does the Porter hypothesis hold in China? Evidence from the low-carbon city pilot policy
title_short	Does the Porter hypothesis hold in China? Evidence from the low-carbon city pilot policy
title_full	Does the Porter hypothesis hold in China? Evidence from the low-carbon city pilot policy
title_fullStr	Does the Porter hypothesis hold in China? Evidence from the low-carbon city pilot policy
title_full_unstemmed	Does the Porter hypothesis hold in China? Evidence from the low-carbon city pilot policy
title_sort	does the porter hypothesis hold in china? evidence from the low-carbon city pilot policy
publisher	Taylor & Francis Group
publishDate	2021
url	https://doaj.org/article/0181d572eebe41bf860909c120bc6424
work_keys_str_mv	AT weipingshen doestheporterhypothesisholdinchinaevidencefromthelowcarboncitypilotpolicy AT yongwang doestheporterhypothesisholdinchinaevidencefromthelowcarboncitypilotpolicy AT weijieluo doestheporterhypothesisholdinchinaevidencefromthelowcarboncitypilotpolicy
_version_	1718439003028455424

Does the Porter hypothesis hold in China? Evidence from the low-carbon city pilot policy

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