TY - JOUR
T1 - Exploring the effect of carbon trading mechanism on China's green development efficiency
T2 - A novel integrated approach
AU - Zhu, Bangzhu
AU - Zhang, Mengfan
AU - Huang, Liqing
AU - Wang, Ping
AU - Su, Bin
AU - Wei, Yi Ming
N1 - Publisher Copyright:
© 2019
PY - 2020/1
Y1 - 2020/1
N2 - In this study, we propose a novel integrated approach incorporating super-efficiency slack-based measure with undesirable outputs, difference-in-difference and propensity score matching difference-in-difference to explore the effects of carbon trading mechanism on green development efficiency in terms of impact direction, impact degree and impact mode. Taking the provincial data of China from 1999 to 2017 as an example, the empirical results show that China's green development efficiencies have upward, downward and U-shaped trends. Carbon trading mechanism, research and development intensity, and pollution control investment have a positive effect on green development efficiency. However, population capital, urbanization and degree of openness have a negative effect on green development efficiency.
AB - In this study, we propose a novel integrated approach incorporating super-efficiency slack-based measure with undesirable outputs, difference-in-difference and propensity score matching difference-in-difference to explore the effects of carbon trading mechanism on green development efficiency in terms of impact direction, impact degree and impact mode. Taking the provincial data of China from 1999 to 2017 as an example, the empirical results show that China's green development efficiencies have upward, downward and U-shaped trends. Carbon trading mechanism, research and development intensity, and pollution control investment have a positive effect on green development efficiency. However, population capital, urbanization and degree of openness have a negative effect on green development efficiency.
KW - Carbon trading mechanism
KW - Difference-in-difference
KW - Green development efficiency
KW - Propensity score matching difference-in-difference
KW - Super-efficiency slack-based measure with undesirable outputs
UR - http://www.scopus.com/inward/record.url?scp=85076705062&partnerID=8YFLogxK
U2 - 10.1016/j.eneco.2019.104601
DO - 10.1016/j.eneco.2019.104601
M3 - Article
AN - SCOPUS:85076705062
SN - 0140-9883
VL - 85
JO - Energy Economics
JF - Energy Economics
M1 - 104601
ER -