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Industrial Energy Regulation: The Role of Business Conglomerates in China

Author

Listed:
  • Qiaoyi Chen
  • Zhao Chen
  • Zhikuo Liu
  • Juan Carlos Suárez Serrato
  • Daniel Yi Xu

Abstract

This paper characterizes the importance of ownership networks of firms that are subject to a prominent energy regulation in China: the Top 1000 Enterprises Energy-Saving Program. We use data on the activities of regulated and unregulated firms that are part of the same conglomerate to study the overall importance of conglomerates as well as their geographic concentration. Accounting for business networks of regulated firms significantly increases the fraction of output that is affected by the regulation. We also document that most related firms of Top 1000 firms are located in the same province.

Suggested Citation

  • Qiaoyi Chen & Zhao Chen & Zhikuo Liu & Juan Carlos Suárez Serrato & Daniel Yi Xu, 2021. "Industrial Energy Regulation: The Role of Business Conglomerates in China," AEA Papers and Proceedings, American Economic Association, vol. 111, pages 396-400, May.
    • Handle: RePEc:aea:apandp:v:111:y:2021:p:396-400
    DOI: 10.1257/pandp.20211072
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    More about this item

    JEL classification:

    • Q48 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Government Policy
    • Q41 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Demand and Supply; Prices
    • O13 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Agriculture; Natural Resources; Environment; Other Primary Products
    • Q52 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Pollution Control Adoption and Costs; Distributional Effects; Employment Effects
    • O25 - Economic Development, Innovation, Technological Change, and Growth - - Development Planning and Policy - - - Industrial Policy
    • P28 - Political Economy and Comparative Economic Systems - - Socialist and Transition Economies - - - Natural Resources; Environment
    • L52 - Industrial Organization - - Regulation and Industrial Policy - - - Industrial Policy; Sectoral Planning Methods

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