The influence and mechanism of carbon emission trading policy on green total factor productivity
An empirical study based on difference-in -difference model
DOI:
https://doi.org/10.54691/bcpbm.v49i.5463Keywords:
Carbon emission trading; Double difference; Green total factor productivity; Mediating effectAbstract
Based on the panel data of 30 provinces and cities in China from 2008 to 2018, this paper empirically-analyzes the impact of carbon emission trading on green total factor productivity by using differential and intermediary effect models, and demonstrates the specific mechanism from the perspective of carbon emission reduction effect. The study found that carbon emission trading significantly improved green total factor productivity. From the perspective of influence mechanism, carbon emission trading improves green total factor productivity through marketization effect and technological innovation effect. Finally, it is concluded that the implementation of pilot policies should adhere to the principle of the combination of government macro-control and market decision, play the key role of technological innovation and formulate differentiated policies.
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