Integrating economic, environmental and societal performance within the productivity measurement

Shen, Zhiyang; Wu, Haitao; Bai, Kaixuan; Hao, Yu

doi:10.1016/j.techfore.2021.121463

Cited by 34 publications

(10 citation statements)

References 62 publications

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“…To better cope with climate deterioration and assume the responsibility of great powers, the Chinese government affirms at the 70th United Nations General Assembly and Climate Summit to improve the 2015 Paris Agreement's carbon reduction goals (Abbasi et al, 2022). Specifically, gross carbon emissions will peak in 2030 and achieve carbon neutrality in 2060 (Wu et al, 2020;Ren et al, 2021;Shen et al, 2022). While China affirms that carbon emissions will peak by 2030 is not surprising, the commitment to carbon neutrality is unexpected (Iqbal et al, 2021;Wen et al, 2022).…”

Section: Introductionmentioning

confidence: 99%

The effect of green finance and unemployment rate on carbon emissions in china

Cui

Wang²,

Irfan³

et al. 2022

Front. Environ. Sci.

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China’s economy has developed rapidly since the reform and opening up, but under the long-term traditional extensive development model, energy consumption is excessive and carbon emissions rank first in the world. Therefore, how to reduce carbon emissions is a current hot issue in China. Although many scholars have found that green finance is the basic driving force to promote carbon emission reduction, its role path is diverse, and it still needs to be explored in width and depth. Especially in the green transformation stage of the economy, the potential unemployment risk is also a matter of concern. This study selects 30 provincial panel data from the Chinese mainland for the 2004–2019 years to investigate the impact of green finance on carbon emissions from the perspective of unemployment using ordinary least square (OLS), generalized method of moments (GMM), and mediating effect models. In addition, in order to avoid the bias of regression results caused by the cross-section dependence of the data, the feasible generalized least squares (FGLS) and the panel-corrected standard errors (PCSE) models are used for the robust test after correction. The findings show that 1) green finance has a significant inhibitory impact on carbon emissions; 2) green finance has significantly reduced the unemployment rate; 3) carbon emissions increase significantly with increasing the unemployment rate; and 4) there is regional heterogeneity in the effect of green finance on carbon emissions in eastern, central, and western China. Green finance in the eastern and central regions significantly inhibits carbon emissions, especially in the central region, while insignificantly in the western region. 5) According to the OLS and mediating effect regression results, economic growth and environmental regulation play a significant positive role in promoting carbon emissions. This study has theoretical reference significance for accelerating the realization of the dual carbon goal and alleviating phased unemployment.

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Section: Introductionmentioning

confidence: 99%

The effect of green finance and unemployment rate on carbon emissions in china

Cui

Wang²,

Irfan³

et al. 2022

Front. Environ. Sci.

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show abstract

“…As reported in the 2020 Bulletin on the State of China's Ecological Environment, up to 40.1% of 337 cities have ambient air quality exceedances, of which the annual average concentration of PM 2.5 is even three times higher than the 10 μg/ m 3 standard set by the World Health Organization's Air Quality Guidelines Values. 1 Therefore, under the situation mentioned above, how to comprehensively strengthen green economic growth has emerged as one of the urgent strategic issues for China's economic transformation (Song et al, 2019;Ren et al, 2022a;Shen et al, 2022). Since 2012, the Chinese government has elevated green development to a national strategy, while the concept of green development, represented by "green mountains and clear water are equal to mountains of gold and silver," has become the consensus of society (Ren et al, 2022b).…”

Section: Introductionmentioning

confidence: 99%

“…The influence of local government competition on green economic growth is multi-dimensional, which not only responds to the impact of local government competition on environmental quality such as haze and carbon emissions but also on energy efficiency and green economic efficiency. Some scholars believe that local government competition has deteriorated environmental quality Li et al, 2021;Shen et al, 2022). Bai et al (2019) reveal that tax competition is one of the strategies of local governments to cope with fiscal pressure, inter-regional tax competition not only brings about a local environmental negative impact but also deteriorates the environmental quality of spatially related regions.…”

Section: Introductionmentioning

confidence: 99%

How Multi-Dimensional Local Government Competition Impacts Green Economic Growth? A Case Study of 272 Chinese Cities

Liu

et al. 2022

Front. Environ. Sci.

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Green economic growth is an unavoidable choice for China’s development model, while the government-led Chinese economic development system determines that local government competition may have an essential impact on green economic growth. For this purpose, this study employs data on Chinese 272 prefecture-level cities and the system generalized method of moments (SYS-GMM) model to investigate the impact of multi-dimensional local government competition (ecological competition, service competition, economic competition, and comprehensive competition) on green economic growth. The empirical results reveal that local government competition significantly influences green economic growth, in which economic competition significantly inhibits green economic growth, and ecological competition, service competition, and comprehensive competition positively influences green economic growth. The influence mechanism indicates that economic competition, ecological competition, service competition, and comprehensive competition significantly affect green economic growth through economic agglomeration and industrial structure upgrading, respectively. Moreover, the impact of multi-dimensional local government competition on green economic growth shows significant temporal and regional heterogeneity. Therefore, policymakers should further develop a multi-dimensional local government competition target system for local government officials and moderately enhance both ecological competition and service competition that is oriented to green economic growth.

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“…Whereas innovation is the engine of economic growth, green innovation not only promotes economic growth but also improves the environment, and thus solves the dilemma of the economy-environment trade-off (Wang et al, 2020;Jing et al, 2021;Shen et al, 2022aShen et al, , 2022bDeng et al, 2022). The adoption of green innovation has been proven to be the key to effective pollution reduction, both in theory and in practice (Song et al, 2021;Pan et al, 2021).…”

Section: Introductionmentioning

confidence: 99%

Effect of Economic and Technological Development Zones on Green Innovation

Cheng

Wang

Ouyang

et al. 2022

Journal of Global Information Management

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Green innovation is an effective way of solving the dilemma of the economy–environment trade-off. As an important innovation policy in China, national economic and technological development zones (NETDZs) play a significant role in promoting innovation, but empirical studies on their impact on innovation, especially green innovation, are scarce. In this study, the authors used highly disaggregated micro-level data such as patent data, industrial firm data, and customs data to examine the impact of NETDZs on green innovation. The results showed that: (1) NETDZs significantly promote green innovation, as measured by both patent quantity and patent quality; (2) the binding environmental indicators in China's five-year plan enhance the promotional effect of NETDZs on green innovation; (3) learning by importing, including through foreign direct investment and importing capital goods, is an important mechanism for the nexus between NETDZs and green innovation; and (4) compared with non-state-owned enterprises (non-SOEs), SOEs are relatively passive in terms of engaging in learning by importing.

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Integrating economic, environmental and societal performance within the productivity measurement

Cited by 34 publications

References 62 publications

The effect of green finance and unemployment rate on carbon emissions in china

The effect of green finance and unemployment rate on carbon emissions in china

How Multi-Dimensional Local Government Competition Impacts Green Economic Growth? A Case Study of 272 Chinese Cities

Effect of Economic and Technological Development Zones on Green Innovation

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