Using a double-difference model,this paper examines the impact of the 2018 Environmental Protection Tax Law of the People’s Republic of China on the capital-labor ratio of A-share listed enterprises in China.The resu...Using a double-difference model,this paper examines the impact of the 2018 Environmental Protection Tax Law of the People’s Republic of China on the capital-labor ratio of A-share listed enterprises in China.The results indicate that the implementation of the environmental protection tax significantly increases the capital-labor ratio of firms,leading to a preference for capital-intensive production.The mediating role of total factor productivity(TFP)in this process suggests that the environmental protection tax enhances the capital-labor ratio by fostering TFP growth.Heterogeneity analysis reveals that the effect of the environmental protection tax on the capital-labor ratio is more pronounced in economically developed regions,state-owned enterprises,and enterprises with a longer operational history.展开更多
The Government has actively introduced oil and gas policies to promote the sustainable and healthy development of the industry it, 2017. The purposes of such policies are： to accelerate the reform of mineral resource...The Government has actively introduced oil and gas policies to promote the sustainable and healthy development of the industry it, 2017. The purposes of such policies are： to accelerate the reform of mineral resource royalties and advance the competitive transfer of mining rights; to promote the reform of the natural gas price, introduce cost supervision on long-distance natural gas pipeline enterprises in the area of gas pipeline transportation, and strengthen the regulation qf the distribution price; to liberalize the import qf crude oil in an orderly manner, increase the allowable volume of non-state trading crude oil imports, strengthen the supervision and periodically pause the approval of the right to use imported crude oil; and to enhance environmental protection.展开更多
基金National Innovation and Entrepreneurship Training Program for College Students(Project No.S202410497204)。
文摘Using a double-difference model,this paper examines the impact of the 2018 Environmental Protection Tax Law of the People’s Republic of China on the capital-labor ratio of A-share listed enterprises in China.The results indicate that the implementation of the environmental protection tax significantly increases the capital-labor ratio of firms,leading to a preference for capital-intensive production.The mediating role of total factor productivity(TFP)in this process suggests that the environmental protection tax enhances the capital-labor ratio by fostering TFP growth.Heterogeneity analysis reveals that the effect of the environmental protection tax on the capital-labor ratio is more pronounced in economically developed regions,state-owned enterprises,and enterprises with a longer operational history.
文摘The Government has actively introduced oil and gas policies to promote the sustainable and healthy development of the industry it, 2017. The purposes of such policies are： to accelerate the reform of mineral resource royalties and advance the competitive transfer of mining rights; to promote the reform of the natural gas price, introduce cost supervision on long-distance natural gas pipeline enterprises in the area of gas pipeline transportation, and strengthen the regulation qf the distribution price; to liberalize the import qf crude oil in an orderly manner, increase the allowable volume of non-state trading crude oil imports, strengthen the supervision and periodically pause the approval of the right to use imported crude oil; and to enhance environmental protection.
