碳排放规制与制造业企业新质生产力研究:基于碳排放权交易机制的准自然实验  

Research on carbon emission regulation and new quality productive forces of manufacturing enterprises:A quasi-natural experiment based on the carbon emission trading mechanism

作　　者：叶云岭 张其仔[1] YE Yunling;ZHANG Qizi(Institute of Industrial Economics,Chinese Academy of Social Sciences,Beijing 100006,China)

机构地区：[1]中国社会科学院工业经济研究所,北京100006

出　　处：《中国软科学》2024年第11期100-112,共13页China Soft Science

基　　金：国家社会科学基金青年项目“技术转移对企业新质生产力的驱动效应、机制分析与政策优化研究”(24CJY013);中国社会科学院智库基础研究项目“深入实施区域协调发展战略”(ZKJC240715);中国社会科学院创新工程项目“主体功能区引导下的我国重大生产力布局研究研究”(2024GJS02);中国社会科学院学科建设“登峰战略”资助计划(DF2023ZD24)。

摘　　要：新质生产力以全要素生产率大幅提升为核心标志,本质是绿色生产力,在此背景下揭示碳排放规制与全要素生产率的关系具有重要意义。将碳排放权交易试点政策作为一项准自然实验,以制造业企业全要素生产率表征新质生产力,基于2009—2022年中国A股上市制造业企业面板数据,考察碳排放权交易对制造业企业全要素生产率的影响效果及渠道。研究发现:碳排放权交易显著提升了制造业企业全要素生产率;影响渠道分析表明,碳排放权交易通过激励企业绿色技术创新、强化企业ESG(环境、社会和公司治理)实践进而提升制造业企业全要素生产率;异质性分析表明,对于高利润企业、高税负企业而言,碳排放权交易对制造业企业全要素生产率的带动作用更为明显。进一步讨论表明,各国碳交易机制实施路径、碳配额分配方式、碳市场调节机制有所异同。以上结论为完善碳排放交易机制与培育制造业领域新质生产力提供理论基础与实践依据。The core symbol of new quality productive forces is the significant improvement of total factor productivity(TFP),which is essentially green productivity.It is crucial to understand the relationship between carbon emission regulations and TFP.This paper adopts the carbon emission trading pilot policy as a quasi-natural experiment,using TFP of manufacturing enterprises to characterize new quality productive forces.Utilizing panel data from Chinese A-share listed manufacturing companies from 2009 to 2022,this study examines the impact of carbon emission trading on TFP and explores the channels through which the effects occur.It finds that carbon emission trading significantly enhances the TFP of manufacturing enterprises.Channel analysis indicates that carbon emission trading boosts TFP by incentivizing green technological innovation and strengthening ESG(Environmental,Social and Governance)practices within enterprises.Heterogeneity analysis reveals that for high-profit and high-tax enterprises,the effect of carbon emission trading on TFP is more pronounced.Further discussion indicates that there are similarities and differences in the implementation paths of carbon trading mechanisms,carbon quota allocation methods,and carbon market regulation mechanisms among countries.These conclusions provide theoretical foundations and practical references for improving the carbon emission trading mechanism and fostering new quality productive forces in the manufacturing sector.

关 键 词：碳排放交易 制造业企业 全要素生产率 绿色技术创新 ESG实践 

分 类 号：F124[经济管理—世界经济] X196[环境科学与工程—环境科学]