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作 者:贾俊雪[1] 罗理恒 顾嘉 JIA Jun-xue;LUO Li-heng;GU Jia(School of Finance,Renmin University of China;China Financial Policy Research Center,Renmin University of China;Institute of Ecology and Sustainable Development,Shanghai Academy of Social Sciences;Taikang Life Insurance Co.,Ltd)
机构地区:[1]中国人民大学中国财政金融政策研究中心、财政金融学院 [2]上海社会科学院生态与可持续发展研究所 [3]泰康人寿保险有限责任公司
出 处:《中国工业经济》2023年第5期99-117,共19页China Industrial Economics
基 金:国家社会科学基金重大项目“推动中国经济中高速可持续增长的突破性改革:地方政府治理体系改革”(批准号17ZDA048);上海市哲学社会科学青年项目“推动经济高质量发展的中国环保财政支出机制创新研究”(批准号2021EJB008)。
摘 要:高质量发展是全面建设社会主义现代化国家的首要任务。其中,提升全要素生产率是促进高质量发展的重要路径选择。本文以国家环境保护重点城市政策为契机,从要素配置视角构建一个相对统一的分析框架,剖析了地方政府环境规制对全要素生产率增长的影响、机理及其蕴含的理论内涵。研究表明,地方政府环境规制总体上有利于遏制环境污染的同时,会对全要素生产率增长产生弱“U”型(近乎“L”型)影响;这体现在国家环境保护重点城市政策对地级市全要素生产率增长具有显著的抑制作用,但随着规制力度增加,不利影响明显减弱、趋于消失。基于中国工业企业数据的分析也得到了类似结果,为基准结论提供了良好的微观证据支持。这表明地方政府环境规制与经济高质量发展可较好地实现“鱼与熊掌兼得”。要素配置机制在其中发挥了重要作用,地方政府环境规制会影响企业自融资机制,进而对要素配置效率产生弱“U”型影响。本文对于完善地方环境治理以推进人与自然和谐共生的中国式现代化具有重要的政策启示。High-quality development is the primary task of building a modern socialist country in an all-round way,and improving total factor productivity is the key choice to promote high-quality development.Can local environmental regulation and high-quality economic development achieve a winwin situation?Few studies have conducted in-depth theoretical and empirical analysis on the impact of local environmental regulation on TFP growth in a relatively unified analytical framework from the perspective of resource allocation,failing to establish a good logical consistency between empirical evidence and theoretical mechanisms.This paper uses the national prioritized city policy of environmental protection to analyze the impact of local environmental regulation on TFP growth by constructing a relatively unified theoretical framework from the perspective of resource allocation.This paper constructs a heterogeneous firm model based on China's reality,and analyzes the impact of local environmental regulation on TFP growth and its mechanism from the perspective of resource allocation,and then puts forward core theoretical conclusions.Furthermore,taking the national prioritized city policy of environmental protection as a quasi-natural experiment,using the data of prefecture-level cities and industrial enterprises,this paper identifies the influence of local environmental regulation on TFP growth and its micro-level mechanism in a relatively unified analytical framework.The core theoretical conclusions of this article are empirically tested.The results show that local environmental regulation plays a positive role in curbing environmental pollution in general and has a weak U-shaped(nearly L-shaped)effect on TFP growth:the policy significantly depresses the TFP growth of prefecture-level cities;however,this negative effect tends to decline and vanish as the intensity of environmental regulation increases.Empirical study on industrial enterprises gives supportive microcosmic evidence.An important transmission channel is that local
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