IDEAS home Printed from https://ideas.repec.org/a/gam/jsusta/v16y2024i5p1812-d1343808.html
   My bibliography  Save this article

The Impact of Low-Carbon City Pilot Policies on Green Innovation Efficiency in Chinese Cities: An Empirical Analysis Based on the Multi-Period PSM-DID Model

Author

Listed:
  • Yongshan Du

    (China School of Banking and Finance, University of International Business and Economics, Beijing 100029, China
    School of Business Administration, China University of Petroleum-Beijing at Karamay, Karamay 834000, China)

  • Haoyu Wang

    (School of Business Administration, China University of Petroleum-Beijing at Karamay, Karamay 834000, China)

  • Ran An

    (School of Business Administration, China University of Petroleum-Beijing at Karamay, Karamay 834000, China)

  • Qimeng Wang

    (School of Business Administration, China University of Petroleum-Beijing at Karamay, Karamay 834000, China)

  • Xin Wen

    (School of Business Administration, China University of Petroleum-Beijing at Karamay, Karamay 834000, China)

Abstract

On the basis of panel data taken from 226 Chinese cities in the period 2008 to 2019, this paper measures urban green innovation efficiency, with the help of the unexpected production output-stochastic block model (UPO-SBM), and applies the propensity score matching difference-in-differences (PSM-DID) model to analyze the impact of low-carbon city pilot policies (LCPP) on urban green innovation efficiency. This paper also applies a mediation effect model to analyze the mechanism of the LCPP that enhances urban green innovation efficiency, and also attempts to explore the impact of the LCPP on the green innovation efficiency of various types of cities by engaging with multiple dimensions. The results of the study shows that: (1) When all other conditions remain unchanged, the average promotion effect of the implementation of the LCPP on urban green innovation efficiency is 21.77%; (2) at 1% significance level, the mediating effect of financial technology R&D expenditure and environmental governance expenditure is 0.0664 and 0.0283, respectively, confirming that both are important to the role that LCPP plays; (3) at 5% significance level, the exogenous policy effect of the LCPP on urban green innovation efficiency is more obvious in cities with a larger population size and higher degree of development, whose pillar industry is heavy industry.

Suggested Citation

  • Yongshan Du & Haoyu Wang & Ran An & Qimeng Wang & Xin Wen, 2024. "The Impact of Low-Carbon City Pilot Policies on Green Innovation Efficiency in Chinese Cities: An Empirical Analysis Based on the Multi-Period PSM-DID Model," Sustainability, MDPI, vol. 16(5), pages 1-25, February.
    • Handle: RePEc:gam:jsusta:v:16:y:2024:i:5:p:1812-:d:1343808
    as

    Download full text from publisher

    File URL: https://www.mdpi.com/2071-1050/16/5/1812/pdf
    Download Restriction: no
    File URL: https://www.mdpi.com/2071-1050/16/5/1812/
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Saumyaranjan Sahoo & Anil Kumar & Arvind Upadhyay, 2023. "How do green knowledge management and green technology innovation impact corporate environmental performance? Understanding the role of green knowledge acquisition," Business Strategy and the Environment, Wiley Blackwell, vol. 32(1), pages 551-569, January.
    2. Tone, Kaoru & Sahoo, Biresh K., 2003. "Scale, indivisibilities and production function in data envelopment analysis," International Journal of Production Economics, Elsevier, vol. 84(2), pages 165-192, May.
    3. Johanna Gast & Katherine Gundolf & Beate Cesinger, 2017. "Doing business in a green way: A systematic review of the ecological sustainability entrepreneurship literature and future research directions," Post-Print hal-02008555, HAL.
    4. Jiwei Liu & Qun Li, 2022. "Impact of Major Events on Interprovincial Carbon Emissions—Based on PSM-DID Analysis," Sustainability, MDPI, vol. 14(12), pages 1-16, June.
    5. Xianghua Yue & Shikuan Zhao & Xin Ding & Long Xin, 2022. "How the Pilot Low-Carbon City Policy Promotes Urban Green Innovation: Based on Temporal-Spatial Dual Perspectives," IJERPH, MDPI, vol. 20(1), pages 1-20, December.
    6. Manuel Frondel & Jens Horbach & Klaus Rennings, 2007. "End‐of‐pipe or cleaner production? An empirical comparison of environmental innovation decisions across OECD countries," Business Strategy and the Environment, Wiley Blackwell, vol. 16(8), pages 571-584, December.
    7. Jintao Ma & Qiuguang Hu & Weiteng Shen & Xinyi Wei, 2021. "Does the Low-Carbon City Pilot Policy Promote Green Technology Innovation? Based on Green Patent Data of Chinese A-Share Listed Companies," IJERPH, MDPI, vol. 18(7), pages 1-18, April.
    8. Du, Xiaoyun & Meng, Conghui & Guo, Zhenhua & Yan, Hang, 2023. "An improved approach for measuring the efficiency of low carbon city practice in China," Energy, Elsevier, vol. 268(C).
    9. Anton Shevchenko, 2021. "Do financial penalties for environmental violations facilitate improvements in corporate environmental performance? An empirical investigation," Business Strategy and the Environment, Wiley Blackwell, vol. 30(4), pages 1723-1734, May.
    10. Li, Guangpei & Wang, Xiaoyu & Wu, Jinhua, 2019. "How scientific researchers form green innovation behavior: An empirical analysis of China's enterprises," Technology in Society, Elsevier, vol. 56(C), pages 134-146.
    11. Minzhe Du & Jorge Antunes & Peter Wanke & Zhongfei Chen, 2022. "Ecological efficiency assessment under the construction of low-carbon city: a perspective of green technology innovation," Journal of Environmental Planning and Management, Taylor & Francis Journals, vol. 65(9), pages 1727-1752, July.
    12. David H. Autor, 2003. "Outsourcing at Will: The Contribution of Unjust Dismissal Doctrine to the Growth of Employment Outsourcing," Journal of Labor Economics, University of Chicago Press, vol. 21(1), pages 1-42, January.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Wenqiang Jiang & Baocai Su & Shuisheng Fan, 2023. "Spatial Disequilibrium and Dynamic Evolution of Eco-Efficiency in China’s Tea Industry," Sustainability, MDPI, vol. 15(12), pages 1-15, June.
    2. Liang Shen & Runjie Fan & Yuyan Wang & Zhaoqing Yu & Rongyun Tang, 2020. "Impacts of Environmental Regulation on the Green Transformation and Upgrading of Manufacturing Enterprises," IJERPH, MDPI, vol. 17(20), pages 1-14, October.
    3. Pérez-Pérez, Juan Fernando & Parra, Juan Felipe & Serrano-García, Jakeline, 2021. "A system dynamics model: Transition to sustainable processes," Technology in Society, Elsevier, vol. 65(C).
    4. Yoseph, Nir Shlomo, 2018. "The Impact of Environmental Fraud on the Used Car Market: Evidence from Dieselgate," CEPR Discussion Papers 12899, C.E.P.R. Discussion Papers.
    5. John S. Heywood & W.S. Siebert & Xiangdong Wei, 2011. "Estimating the Use of Agency Workers: Can Family-Friendly Practices Reduce Their Use?," Industrial Relations: A Journal of Economy and Society, Wiley Blackwell, vol. 50(3), pages 535-564, July.
    6. Beestermöller, Matthias, 2017. "Striking Evidence? Demand Persistence for Inter-City Buses from German Railway Strikes," Discussion Papers in Economics 31768, University of Munich, Department of Economics.
    7. Muñoz-Acevedo, Ángela & Grzybowski, Lukasz, 2023. "Impact of roaming regulation on revenues and prices of mobile operators in the EU," International Journal of Industrial Organization, Elsevier, vol. 89(C).
    8. Shamsuddin, Mrittika & Acosta, Pablo A. & Schwengber, Rovane Battaglin & Fix, Jedediah & Pirani, Nikolas, 2022. "The Labor Market Impacts of Venezuelan Refugees and Migrants in Brazil," IZA Discussion Papers 15384, Institute of Labor Economics (IZA).
    9. Picarelli, Nathalie, 2016. "Who really benefits from export processing zones? Evidence from Nicaraguan municipalities," Labour Economics, Elsevier, vol. 41(C), pages 318-332.
    10. Christoph P. Kiefer & Pablo Del Río González & Javier Carrillo‐Hermosilla, 2019. "Drivers and barriers of eco‐innovation types for sustainable transitions: A quantitative perspective," Business Strategy and the Environment, Wiley Blackwell, vol. 28(1), pages 155-172, January.
    11. Sieds, 2017. "Complete Volume LXXI n. 3 2017," RIEDS - Rivista Italiana di Economia, Demografia e Statistica - The Italian Journal of Economic, Demographic and Statistical Studies, SIEDS Societa' Italiana di Economia Demografia e Statistica, vol. 71(3), pages 1-150, July-Sept.
    12. Uribe-Castro, Mateo, 2019. "Expropriation of church wealth and political conflict in 19th century Colombia," Explorations in Economic History, Elsevier, vol. 73(C), pages 1-1.
    13. Francesco Nicolli & Francesco Vona & Lionel Nesta, 2012. "Determinants of Renewable Energy Innovation: Environmental Policies vs. Market Regulation," Working Papers 201204, University of Ferrara, Department of Economics.
    14. Blake Shaffer, 2019. "Location matters: Daylight saving time and electricity demand," Canadian Journal of Economics, Canadian Economics Association, vol. 52(4), pages 1374-1400, November.
    15. Nikolov, Plamen & Adelman, Alan, 2019. "Do private household transfers to the elderly respond to public pension benefits? Evidence from rural China," The Journal of the Economics of Ageing, Elsevier, vol. 14(C).
    16. Dhammika Dharmapala & Richard H. McAdams & John Rappaport, 2019. "Collective Bargaining and Police Misconduct: Evidence from Florida," CESifo Working Paper Series 7718, CESifo.
    17. Manpreet Rajpal & Bindu Singh, 2024. "How to drive sustainable entrepreneurial intentions: Unraveling the nexus of entrepreneurship education ecosystem, attitude and orientation," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 31(3), pages 1705-1721, May.
    18. Bubeck, Johannes & Maddaloni, Angela & Peydró, José-Luis, 2020. "Negative Monetary Policy Rates and Systemic Banks' Risk‐Taking: Evidence from the Euro Area Securities Register," EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics, vol. 52(S1), pages 197-231.
    19. Pham, Tho & Talavera, Oleksandr & Tsapin, Andriy, 2018. "Shock contagion, asset quality and lending behavior," BOFIT Discussion Papers 21/2018, Bank of Finland Institute for Emerging Economies (BOFIT).
    20. Susan N. Houseman & Arne L. Kalleberg & George A. Erickcek, 2003. "The Role of Temporary Agency Employment in Tight Labor Markets," ILR Review, Cornell University, ILR School, vol. 57(1), pages 105-127, October.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:gam:jsusta:v:16:y:2024:i:5:p:1812-:d:1343808. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: MDPI Indexing Manager (email available below). General contact details of provider: https://www.mdpi.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.