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Does the carbon emission trading pilot policy promote green innovation cooperation?Evidence from a quasi-natural experiment in China
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作者 Peng Xiaobao Wu Jian +2 位作者 Chen Yuhui Sumran Ali Xie Qijun 《Financial Innovation》 2024年第1期3779-3802,共24页
Green and low carbon transition is a broad and profound economic and social systematic change.Green innovation is a critical way to promote energy saving and emission reduction.Has China continuously promoted a carbon... Green and low carbon transition is a broad and profound economic and social systematic change.Green innovation is a critical way to promote energy saving and emission reduction.Has China continuously promoted a carbon emission trading policy to significantly promote green innovation cooperation?Taking the implementation of the carbon emission trading pilot policy as a“quasi-natural experiment,”this study answers this question by exploring the impact of the policy on green innovation cooperation.Based on data on 274 cities from 2008 to 2020,the multi-time difference-in-differences model is used to evaluate the impact of the policy on green innovation cooperation.The results reveal that the carbon emission trading pilot policy significantly improved inter-and intra-city green innovation cooperation through the upgrading effect of industrial structure and the coverage effect of digital finance compared with the non-pilot cities at the city level.In addition,there are significant differences in the policy effects among cities with different degrees of openness to the outside world and command-and-control environmental regulation. 展开更多
关键词 Carbon emission trading Digital finance coverage effect Green innovation cooperation Industrial structure upgrading effect
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