Does high-speed rail make firms cleaner in China?
With the firm level datasets from 2004 to 2014, this paper uses the difference in differences (DID) estimator to explore the effects of China's high-speed rail (HSR) on firms' environmental efficiency. The authors find that China's HSR lowered SO₂ intensity (SO₂ per unit output value) by approximately 7.9%. More importantly, firms reduce SO₂ intensity mainly through innovation, productivity improvement, and the agglomeration of firms. The authors' additional analyses show that these observed effects of HSR are mainly driven by firms in core cities, while the environmental efficiency of firms in the peripheral cities seems to be unaffected. Heterogeneous effects indicate that the HSR has a more significant effect on dirty firms, state-owned firms, foreign firms, and large firms. The authors' results suggest that HSR construction could have contributed to the China's environmental governance.
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Supplemental Notes:
- © 2022 Elsevier Ltd. All rights reserved. Abstract reprinted with permission of Elsevier.
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Authors:
- Zhou, Tao
- Zhang, Ning
- Publication Date: 2022-6-1
Language
- English
Media Info
- Media Type: Web
- Features: Appendices; Figures; References; Tables;
- Pagination: 114901
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Serial:
- Journal of Environmental Management
- Volume: 311
- Issue Number: 0
- Publisher: Elsevier
- ISSN: 0301-4797
- EISSN: 1095-8630
- Serial URL: http://www.sciencedirect.com/science/journal/03014797
Subject/Index Terms
- TRT Terms: Businesses; Environmental impacts; Environmental policy; High speed rail; Sulfur dioxide
- Geographic Terms: China
- Subject Areas: Environment; Railroads;
Filing Info
- Accession Number: 01844227
- Record Type: Publication
- Files: TRIS
- Created Date: Apr 26 2022 5:08PM