A Study of carbon efficiency in the Yangtze River Economic Belt using the synthetic control method

Abstract

In order to analyze the impact of policy effect on carbon efficiency in the Yangtze River Economic Belt, an experimental group, including 11 regions possessing the features of the Yangtze River Economic Belt, was constructed using the synthetic control method for project evaluation with the single-factor carbon efficiency value as the core study variable in this paper. Several regions were selected from the control group as synthetic objects through a data-driven approach to construct synthetic regions that meet basic requirements before the implementation of the policy by weight ratio and evaluate the policy’s impact on the implementation of carbon efficiency in the Yangtze River Economic Belt. The study shows that the single-factor carbon efficiency is relatively robust. But since 2013, the tail of the Yangtze River Economic Belt has seen an improvement. Sichuan, Hunan, Chongqing and Hubei have exceeded other provinces and cities in the growth of carbon efficiency and Shanghai has also witnessed a significant increase. Upon the inception of the synthetic Yangtze River Economic Belt, there’s a discernible divergence between the curves of the real and the synthetic Yangtze River Economic Belt. Specifically, policy interventions in the Yangtze River Economic Belt didn’t work well in earlier years and even restrained the economic growth of the whole region.