scholarly journals Has the Construction of the Free Trade Zone Increased the Enterprise's Total Factor Productivity—Evidence from Generalized Synthetic Control

2020 ◽  
Vol 6 (2) ◽  
pp. 35
Author(s):  
Chao Zhou
Keyword(s):  
Free Trade ◽  
Control Method ◽  
Free Trade Zone ◽  
Synthetic Control ◽  
Effect Evaluation ◽  
Enterprise Development ◽  
Return On Assets ◽  
Policy Effect ◽  
Intermediary Role ◽  
Multi Phase

The Free Trade Zone(FTZ) is a new policy for China to open wider to the outside world. Reducing trade barriers and promoting high-quality enterprise development is an important part of the construction of the FTZ. This article takes the construction of the FTZ based on From 2004 to 2018 as a quasi-natural experiment. The study found that: (1) The policy evaluation results show that after controlling the time and individual effects, the construction of the FTZ plays a significant role in promoting TFP. (2) The construction of the FTZ can promote the improvement of TFP through innovation-driven effects and resource allocation adjustment effects. The analysis shows that patents and the return on assets play an intermediary role between the FTZ and TFP. (3) After considering the time and industry effects, the construction of the FTZ has a significant impact on the TFP growth in state-owned enterprises; the general synthetic control method was used to investigate 11 FTZ, and the construction of Shanghai free trade zone has the most significant effect on the promotion of TFP. The main innovation of this article is the establishment of the FTZ has carried out a policy effect evaluation on the promotion effect of TFP, and has conducted a robustness test using the multi-phase DID method. It has a guiding significance for improving the construction of FTZ and promoting the improvement of enterprise TFP.

scholarly journals Does the Kyoto Protocol as an International Environmental Policy Promote Forest Carbon Sinks?

2022 ◽  
Vol 30 (6) ◽  
pp. 0-0
Keyword(s):  
Climate Change ◽  
Kyoto Protocol ◽  
Control Method ◽  
National Level ◽  
Forest Carbon ◽  
Policy Implications ◽  
Synthetic Control ◽  
Carbon Sinks ◽  
Policy Effect ◽  
Commitment Period

Under the background of carbon neutrality, the carbon sequestration of forest ecosystems is an important way to mitigate climate change. Forest could not only protect the environment but also an important industry for economic development. As an international climate policy that first recognized the role of forest carbon sinks on climate change, the question becomes, has the Kyoto Protocol promoted the development of forest carbon sinks in contracting parties? To explore this, data of forest can be obtained at the national level. Hence, data of economic, social, polity and climate in 147 countries is also collected. The generalized synthetic control method is adopted. The results show that the policy effect of the Kyoto Protocol was obvious and significant. Moreover, the effect was more significant after the enforcement in 2005. Especially after the first commitment period, the policy effect of the second period is more obvious. Some policy implications are drawn.

scholarly journals The Effect of Enclave Adjustment on the Urban Energy Intensity in China: Evidence from Wuhan

2021 ◽  
Vol 13 (4) ◽  
pp. 1940
Author(s):  
Zhi Li ◽  
Ruyi Yan ◽  
Zuo Zhang ◽  
Huaping Sun
Keyword(s):  
Regional Integration ◽  
Energy Intensity ◽  
Control Method ◽  
Permutation Test ◽  
Synthetic Control ◽  
Rapid Urbanization ◽  
Policy Effect ◽  
Urban Energy ◽  
Local Officials ◽  
The Impact

Due to the needs of China’s rapid urbanization, enclave adjustments between districts in a city have become a national phenomenon in recent decades. However, it is rarely discussed in the literature whether this adjustment can have an impact on urban energy intensity. Taking Wuhan’s enclave adjustment in 2009 as a sample and a city-level panel dataset during the period of 2005–2014, using the synthetic control method, this paper investigates for the first time the impact of enclave adjustment between districts on the urban energy intensity. The results show that the logarithmic energy intensity paths of real and synthetic Wuhan diverge after 2009, and the enclave adjustment is indeed conducive to reducing energy intensity. Although this policy effect fluctuated slightly in 2013, it remained evident and continued to expand in subsequent years. We also further adopt the permutation test and placebo test to check the robustness of the baseline results, and this policy effect was found to still be statistically significant and persistent over time. We further verified that aligning division management, changing the incentives of local officials, promoting the agglomeration effect, and regional integration after adjustment are potential contributors to reducing urban energy intensity.

scholarly journals Can China’s “Tax-for-Fee” Reform Improve Water Performance–Evidence from Hebei Province

2021 ◽  
Vol 13 (24) ◽  
pp. 13854
Author(s):  
Lingyun He ◽  
Kunxian Chen
Keyword(s):  
Water Resources ◽  
Technological Progress ◽  
Control Method ◽  
Causal Effect ◽  
Hebei Province ◽  
Time Varying ◽  
Synthetic Control ◽  
Policy Effect ◽  
The Past ◽  
Technological Efficiency

Resource tax has been widely adopted in many countries. This paper evaluates the causal effect of reform of water resources tax on water resources performance in Hebei Province, China. By using the provincial panel data, we first measure the water resources performance of 21 provinces from 2008 to 2018 by considering the NDDF-ML method of undesirable output. We found that each province in China has gradually improved its water resources performance in the past 10 years, but there are great differences between regions. Then, we employ the synthetic control method, which allows us to consider the influence of unobservable time-varying factors to evaluate the policy effect. The results show that water performance index has increased significantly by 18.0%. The effect is mainly due to technological progress (17.3%) rather than technological efficiency (0.7%), which means no significant improvement in the allocation of water, and after placebo tests, our results are still robust. The DID approach shows a similar conclusion, but unobservable time-variation caused by other policies may lead to an overestimation of DID. In order to make good use of water resources, China should accelerate the reform of water resource taxes and pay more attention to the allocation of water resources.

DEVELOPMENT TRENDS AND PROSPECTS OF ECONOMIC AND TRADE COOPERATION BETWEEN CHINA AND UKRAINE

2018 ◽  
Vol 2018 (6) ◽  
pp. 3-12
Author(s):  
Zhang DONGYANG ◽  
Keyword(s):  
Free Trade ◽  
Bilateral Trade ◽  
The United States ◽  
Economic Cooperation ◽  
Free Trade Zone ◽  
Asia Pacific ◽  
Economic Downturn ◽  
The European Union ◽  
Association Agreement ◽  
The Eu

The status and prospects of development of trade and economic relations between Ukraine and China are considered. It is proved that bilateral cooperation in the trade and economic sphere has made significant progress. In 2012–2017, China was the second largest trading partner of Ukraine after Russia. However, the problem of imbalance in imports and exports between Ukraine and China has not yet been resolved. In addition, the scale and number of projects in which Ukraine attracts Chinese investment is much less than investments from European countries and the United States. It is justified that trade and economic cooperation between Ukraine and China is at a new historical stage. On the one hand, Ukraine signed the Association Agreement with the European Union, and on January 1, 2016, the rules of the free trade zone between Ukraine and the EU entered into force. This helps to accelerate the integration of Ukrainian economy into European one. On the other hand, the global economic downturn requires the introduction of innovations in the model of cooperation. The Chinese initiative “One belt is one way” is one of the variants of the innovation model of cooperation. Its significance is to unite the Asia-Pacific region with the EU in order to join the Eurasian Economic Union, create a new space and opportunities for development and achieve prosperity with the Eurasian countries. All this forms unprecedented opportunities for development of bilateral economic and trade relations. It seems that to fully open the potential of Ukrainian economy and expand bilateral trade and economic cooperation, it is necessary to take into account such proposals as the establishment of the Sino-Ukrainian industrial park, the promotion of cooperation in the field of electronic commerce, the formation of the Sino-Ukrainian free trade zone and enhanced interaction within multilateral mechanisms (for example, the Shanghai Cooperation Organization and the interaction of China and the countries of Central and Eastern Europe in the 16 + 1 format).

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