scholarly journals Do Environmental Regulations Improve Industrial Efficiency?

2021 ◽  
Vol 2021 ◽  
pp. 1-11
Author(s):  
Peng Li ◽  
Li-Li Shi
Keyword(s):  
Environmental Regulation ◽  
Environmental Governance ◽  
Gradual Increase ◽  
Environmental Regulations ◽  
Least Squares Regression ◽  
Industrial Efficiency ◽  
Threshold Test ◽  
Regulatory Intensity ◽  
The Impact ◽  
Positive Effect

This study was based on research on the impact of environmental regulation on industrial efficiency in 30 provinces from 2005 to 2017 in China. For the explained variables, the industrial efficiency of the DEA-Malmquist method was utilized for the decomposition and measurement of overall factor productivity, and government environmental governance variables were added as instrumental variables for two-stage least-squares regression. In addition, environmental regulatory intensity and year were utilized as threshold variables for the threshold test. In the benchmark regression, environmental regulation harms regional industrial efficiency. However, according to the IV estimation of government environmental governance variables, environmental regulation has a positive effect on the transformation of regional industrial efficiency. The influence of environmental regulation on industrial efficiency will be first suppressed and then promoted with the gradual increase of regulatory intensity. Furthermore, there is significant spatial heterogeneity in the impact of environmental regulations.

scholarly journals Environmental Regulation, Environmental Awareness and Environmental Governance Satisfaction

2021 ◽  
Vol 13 (7) ◽  
pp. 3960
Author(s):  
Meng-Meng Geng ◽  
Ling-Yun He
Keyword(s):  
Environmental Regulation ◽  
Environmental Governance ◽  
Negative Impact ◽  
Positive Impact ◽  
Subjective Evaluation ◽  
Environmental Awareness ◽  
General Social Survey ◽  
Probit Model ◽  
The People ◽  
The Impact

It is a problem worth thinking about whether the government’s environmental regulation policies can meet the residents’ requirements for environmental quality, and benefit the people. The study of the public’s subjective evaluation can more intuitively judge whether the government’s environmental regulation has realized “ecological benefits for the people”. Based on the data of the Chinese General Social Survey (CGSS) in 2013, this paper studied the impact of environmental regulation and environmental awareness on environmental governance satisfaction by an ordered probit model. The study found that environmental regulation has a significant positive impact on environmental governance satisfaction, while environmental awareness has a significant negative impact on environmental governance satisfaction. We also found that when public environmental awareness is taken into account, the positive relationship between environmental regulation and environmental governance satisfaction is affected. The robustness test proved this conclusion.

scholarly journals The Effects of Environmental Regulation on the Singapore Stock Market

2019 ◽  
Vol 12 (4) ◽  
pp. 175
Author(s):  
Pham ◽  
Nguyen ◽  
Ramiah ◽  
Mudalige ◽  
Moosa
Keyword(s):  
Stock Market ◽  
Environmental Regulation ◽  
Alternative Energy ◽  
Carbon Tax ◽  
Environmental Regulations ◽  
Five Factor Model ◽  
Abnormal Returns ◽  
Electricity Sector ◽  
The Impact ◽  
Non Parametric

This study examines the impact of environmental regulation on the Singapore stock market using the event study methodology. Several asset pricing models are used to estimate sectoral abnormal returns. Additionally, we estimate the change in systematic risk after the introduction of the carbon tax and related regulation. We conduct various robustness tests, including the Corrado non-parametric ranking test, the Chesney non-parametric conditional distribution approach, a representation of market integration, and Fama–French five-factor model. We find evidence showing that the environmental regulations tend to achieve their desired effects in Singapore in which several big polluters (including industrial metals and mining, forestry and papers, and electrical equipment and services) were negatively affected by the announcements of environmental regulations and carbon tax. In addition, our results indicate that the electricity sector, one of the biggest polluters, was negatively affected by the announcement of environmental regulations and carbon tax. We also find that environmental regulations seem to boost the performance of environmentally-friendly sectors whereby we find the alternative energy industry (focusing on new renewable energy technologies) experienced a sizeable positive reaction following the announcements of these regulations.

scholarly journals Threshold Effect in the Relationship between Environmental Regulations and Haze Pollution: Empirical Evidence from PSTR Estimation

2021 ◽  
Vol 18 (23) ◽  
pp. 12423
Author(s):  
Yonglian Chang ◽  
Yingjun Huang ◽  
Manman Li ◽  
Zhengmin Duan
Keyword(s):  
Environmental Governance ◽  
Environmental Regulations ◽  
Regional Distribution ◽  
Electricity Consumption ◽  
Threshold Effect ◽  
Smooth Transition ◽  
Threshold Effects ◽  
Regulatory Policies ◽  
Haze Pollution ◽  
The Impact

The impact of environmental regulations (ER) on haze pollution control has been continuously debated in the field of sustainable development. This paper explores the direct and indirect threshold effects of ER on haze pollution, and five underlying mechanisms—technological innovation (TI), industrial structure (IS), foreign direct investment (FDI), urbanization (UR), and electricity consumption (EC)—are adopted to investigate the indirect threshold effects. Panel data, over the period 2008–2018, of 284 Chinese cities were used and the threshold effects were predicted endogenously based on the panel smooth transition regression (PSTR) model. The results showed the following: (1) For the direct threshold effect, there exists a U-shaped relationship between ER and haze pollution. ER significantly reduced haze pollution when ER < 38.86 due to “cost effects”. However, ER increased haze pollution after the threshold owing to the “green paradox”, which was not significant. (2) For the indirect threshold effect, when TI = 0.37, IS = 39.61, FDI = 7.25, and UR = 42.86, the relationships between ER and haze pollution changed. The changes and corresponding reasons for the indirect threshold effects are discussed in detail. (3) After a comprehensive analysis, the threshold effects have obvious regional distribution characteristics and internal connections. Finally, based on the results, it is essential for governments to enact appropriate environmental regulatory policies and enhance inter-regional synergies in environmental governance.

scholarly journals Research on the Impact of Environmental Regulation and Technology Innovation on the Quality of Economic Growth

2021 ◽  
Author(s):  
Qingyang Wu
Keyword(s):  
Economic Growth ◽  
Panel Data ◽  
Environmental Regulation ◽  
Technological Innovation ◽  
Environmental Regulations ◽  
Threshold Model ◽  
Fixed Effect Model ◽  
Paper Test ◽  
The Impact

Abstract：This paper uses the balanced panel data from 29 provinces (autonomous regions and municipalities) in China for a total of 17 years from 2000 to 2016 as a research sample, and establishes an empirical model to examine the impact of environmental regulations and technological innovation on the quality of economic growth. Then this paper test technological innovation as a threshold variable, in which play a regulatory role. Taking the provincial balanced panel data as a research sample, a fixed effect model, a system GMM model, and a panel threshold model were established for empirical testing and the robustness test. Based on the empirical results, this article draws the following conclusions: from a national perspective, environmental regulations and technological innovation can significantly promote the quality of economic growth; from a regional perspective, there are regional differences in impact effects. Under the constraints of environmental regulations, the promotion effect of technological innovation on the quality of economic growth will be reduced; the impact of environmental regulation on the quality of economic growth will have a "threshold effect", and environmental regulation can significantly promote the quality of economic growth only after crossing the threshold and the threshold of technological innovation.

scholarly journals How Do Different Types of Environmental Regulations Affect Green Innovation Efficiency?

2021 ◽  
Vol 2021 ◽  
pp. 1-14
Author(s):  
Hui Li ◽  
Chuandang Zhao ◽  
Xiaoying Tang ◽  
Jiawei Cheng ◽  
Guanyang Lu ◽  
...  
Keyword(s):  
Environmental Regulation ◽  
Environmental Regulations ◽  
Evolutionary Relationship ◽  
Command And Control ◽  
Shaanxi Province ◽  
Green Innovation ◽  
Growth Trend ◽  
Different Types ◽  
And Control ◽  
The Impact

Environmental regulation policies are being continuously enriched today. To effectively improve green innovation efficiency through environmental regulations, it is urgent to better understand the impact of different environmental regulations on green innovation efficiency (GIE). However, due to the defects of previous methods for measuring GIE, existing studies may have deviations when analysing the effect of environmental regulations on GIE. To fill this gap, using Shaanxi, China, as a case study, the present study proposes a network data envelopment analysis (DEA) model based on neutral cross-efficiency evaluation to accurately measure the GIE of Shaanxi during the period of 2001–2017. On this basis, this study further analysed the impact of different types of environmental regulations on GIE from three aspects: causality, evolutionary relationships, and effect paths. The results indicate that (1) the GIE of Shaanxi Province showed a “fluctuation-slow growth-steady growth” trend during 2001–2017, and after 2014, the problem of an uncoordinated relationship between technology research and design (R&D) and technology transformation began to appear; (2) there was a linear evolutionary relationship between command-and-control environmental regulation and GIE and a “U”-shaped evolutionary relationship between market-based/voluntary environmental regulation and GIE; and (3) command-and-control environmental regulation and voluntary environmental regulation affected GIE mainly at the technology R&D stage, while market-based environmental regulation ran through the entire process of green innovation activities. This study improves the evaluation methods and theoretical systems of GIE and provides the scientific basis for government decision-makers to formulate environmental regulation policies.

scholarly journals Environmental regulations, capacity utilization, and high-quality development of manufacturing: an analysis based on Chinese provincial panel data

2021 ◽  
Vol 11 (1) ◽  
Author(s):  
Hongyang Wang ◽  
Baizhou Li
Keyword(s):  
Environmental Regulation ◽  
Manufacturing Industry ◽  
Negative Impact ◽  
Environmental Regulations ◽  
Rapid Development ◽  
Capacity Utilization ◽  
Utilization Rate ◽  
Quality Development ◽  
High Quality ◽  
The Impact

AbstractThe high-quality development of the manufacturing industry is an important strategic task for Chinese economic development. The rapid development of the manufacturing industry is also accompanied by problems such as overcapacity and environmental pollution. This paper analyzes the impact of capacity utilization on the high-quality development of manufacturing and establishes a nonlinear threshold regression model on this basis, and studies and analyzes environmental regulations as a threshold variable under the influence of capacity utilization rate on the high-quality development of the manufacturing industry. The research results show that: capacity utilization, profitability, foreign direct investment, and government participation all have a significant positive impact on the high-quality development of the manufacturing industry; environmental regulations have a significant negative impact on the high-quality development of the manufacturing industry. And in the model of the effect of capacity utilization on the high-quality development of the manufacturing industry, environmental regulation has a single threshold effect. With the increase in the intensity of environmental regulation, the coefficient and significance of the effect of capacity utilization on the high-quality development of the manufacturing industry have changed. Finally, this article puts forward corresponding policies and suggestions based on the results of data analysis.

scholarly journals Research on the Nonlinear Impact of Environmental Regulation on the Efficiency of China’s Regional Green Economy: Insights from the PSTR Model

2021 ◽  
Vol 2021 ◽  
pp. 1-13
Author(s):  
Shuangliang Yao ◽  
Xiang Su
Keyword(s):  
Environmental Pollution ◽  
Environmental Regulation ◽  
Economic Efficiency ◽  
Environmental Regulations ◽  
Threshold Model ◽  
Resource Depletion ◽  
Green Economy ◽  
Eastern Region ◽  
Regional Production ◽  
The Impact

This paper uses the super-efficiency SBM model to measure the green economic efficiency considering undesired output and analyzes the spatial distribution difference of green economic efficiency; secondly, the nonlinear panel threshold model is used to empirically study the nonlinear relationship between environmental regulations and green economic efficiency, and further analyzed the threshold effect of environmental regulations on the efficiency of green economy and concluded as follows. (1) The green economy efficiency index in the eastern region is mostly more significant than 1, and the green economy efficiency in most provinces in the eastern region has improved. These provinces have higher regional production levels and less environmental pollution. The green economy efficiency of the central region is second only to the eastern region. The green economy efficiency of provinces in the western region except Chongqing is less than 1, indicating that these provinces have insufficient regional production, severe environmental pollution, or extensive resource depletion. (2) The impact of environmental regulations on the efficiency of the green economy presents an inverted “U” shape, with a threshold of 0.5128 for environmental regulations. The impact of the industrial structure on the efficiency of the green economy changes from inhibition to promotion after crossing the threshold of the intensity of environmental regulation, and the degree of opening to the outside world has a complementary effect on the efficiency of the green economy. The impact of urbanization on the efficiency of the green economy changes from promotion to suppression after surpassing the threshold of the intensity of environmental regulations.

scholarly journals Environmental Regulation, Technological Innovation and Industrial Environmental Efficiency : An Empirical Study Based on Chinese Cement Industry

2021 ◽  
Author(s):  
Hongxing Tu ◽  
Songtao Xu ◽  
Xu Xiao
Keyword(s):  
Environmental Regulation ◽  
Technological Innovation ◽  
Environmental Efficiency ◽  
Cement Industry ◽  
Industrial Agglomeration ◽  
Substantial Impact ◽  
The Sustainable Development ◽  
Saving Effect ◽  
The Impact ◽  
Positive Effect

Abstract Using DEA-Tobit model, the paper empirically analyzes the impact of environmental regulation and technological innovation on industrial environmental efficiency with the data from Chinese Cement Industry. The results show that both environmental regulation and technological innovation all have a significant role in promoting the environmental efficiency of cement industry. Among all the influencing factors, the improvement of pollution disposal capacity has the biggest positive effect on environmental efficiency, while the energy-saving effect caused by environmental regulation is not obvious, the factor endowment structure has no substantial impact on environmental efficiency. Adhering to the strategy of "reducing emissions mainly and saving energy as auxiliary", continuously optimizing the energy consumption structure, raising the level of industrialization and industrial agglomeration are conducive to the sustainable development of China’s cement industry.

scholarly journals Environmental regulation, green innovation, and international competitiveness of manufacturing enterprises in China: From the perspective of heterogeneous regulatory tools

PLoS ONE ◽  
2021 ◽  
Vol 16 (3) ◽  
pp. e0249169
Author(s):  
Yuanhong Hu ◽  
Sheng Sun ◽  
Yixin Dai
Keyword(s):  
Environmental Regulation ◽  
Production Technology ◽  
Environmental Regulations ◽  
Cleaner Production ◽  
Policy Implications ◽  
Voluntary Participation ◽  
Manufacturing Enterprises ◽  
Control Regulation ◽  
Export Competitiveness ◽  
The Impact

Based on combined data from the China Patent Database, China Industrial Enterprise Database, and China Customs Import and Export Database for the period 2004–2010, this study investigates the impact of heterogeneous environmental regulations on the export technological sophistication of manufacturing enterprises. Given deepening international market segmentation of production and the increasing proportion of intermediate trade, and compared with the traditional method based on exports, the export technological sophistication calculated here, based on value-added, is closer to the true level. Since there has been no in-depth comparative study on the relationship between heterogeneous environmental regulation and export technological sophistication, this study fills the gap. The results show that all three regulation types bear a U-shaped impact on export technological sophistication. Command-control regulation exhibits a restraining effect on mixed trade, eastern, and foreign-funded enterprises. Market-incentive regulation promotes processing and mixed trade enterprises as well as domestic and foreign-funded enterprises. Voluntary-participation regulation promotes all enterprises with different trade patterns and ownership. The mechanism analysis shows that command-control and market-participation environmental regulations affect export technological sophistication through the green invention and green utility innovation channels, while, additionally, market-incentive environmental regulation affects export technological sophistication through the green design innovation channel. Considering the environmental governance issues, the policy implications for enhancing the entire industrial chain and enterprises’ export competitiveness are clear. Due to the unclear functions and powers of competent departments and a rigid threshold, command-control regulation is not conducive to cleaner production technology and the promotion of enterprises’ export competitiveness; it should thus be discouraged. Although both market-incentive and voluntary-participation regulations have promoted cleaner production technology and enterprises’ competitiveness significantly, the environmental tax system requires continuous improvement. The government should continue to raise public involvement in environmental protection to enrich the channels and forms of environmental management.

scholarly journals Research on the Impact of Environmental Regulation on Enterprise Innovation from the Perspective of Official Communication

2021 ◽  
Vol 2021 ◽  
pp. 1-16
Author(s):  
Lili Feng ◽  
Lin Wang ◽  
Wenjun Zhou
Keyword(s):  
Sustainable Development ◽  
Environmental Regulation ◽  
Environmental Regulations ◽  
Nonlinear Regression Model ◽  
Moderating Effects ◽  
Corporate Innovation ◽  
Enterprise Innovation ◽  
Research Gap ◽  
The Impact

Many developing countries including China are implementing increasingly stringent environmental regulations to achieve sustainable development. However, we have limited understanding about whether environmental regulations promote enterprise innovation. To address this research gap, this study empirically analyzes the impact of environmental regulations which is represented by the China Environmental Protection Law (2015) on enterprise innovation and it explores the moderating effects of official communication on environmental regulations and corporate innovation. The Super-Slacks-Based Measure (Super-SBM) model and Multiple Nonlinear Regression model are used to analyze 34,074 samples in China’s A-share market during the 2015–2017 period. Our results show that, in general, a higher intensity of environmental regulations is more beneficial to incentivize enterprises to implement innovation. Meanwhile, there is an inverted U-type relationship between official communication and innovation of enterprises. Furthermore, at present, the average level of official communication in China is too high, which will weaken the role of environmental regulation in promoting enterprise innovation. Overall, this study can help us better understand the politics behind enterprise innovation in countries.

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