Bridging Green Transition and Economic Growth: The Role of Fiscal Policies in Reducing Corporate Green Premiums in China

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<p>This study investigates the compensation mechanism for green premiums in high-carbon industries within emerging economies, leveraging panel data from Chinese listed companies from 2008 to 2017 and employing a staggered difference-in-differences (DID) approach to evaluate the policy effects of the Energy Conservation and Emissions Reduction Fiscal Comprehensive Demonstration Cities. Key contributions include: (1) Mechanistic insights: Green fiscal policies effectively compensate corporate green premiums through three channels: alleviating urban fiscal pressure, enhancing government governance capacity, and strengthening environmental regulations, thereby facilitating low-carbon transformation in high-carbon industries. (2) Heterogeneity analysis: The compensation effects are more pronounced in firms with high internal control quality, heavily polluting enterprises, and those located in central regions. By contrast, weaker effects are observed in eastern regions, and no significant impact is detected in western regions. These findings suggest that governments should emphasize green fiscal development, provide policy recommendations for policy implementation, and offer new perspectives for achieving climate goals.</p>

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Relevant Analysis of China’s Commercial Housing Price Changes and Resident Income Based on Data Processing
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The commercial residential industry has high added value and comprehensive economic benefit so the commercial residential industry is naturally a hot-spot issue. The core issue of the commercial housing is the price. This thesis conducts the descriptive statistic analysis of residential real estate prices, urban resident income and other relevant data in China’s 30 provinces (excluding Tibet) from 1998 to 2006. The change trend and the difference feature of both the residential real estate price and the urban resident income in those regions are revealed, which is expected to make a contribution to the macro-control in China’s real estate. In recent years, the real estate market in China is growing rapidly. On the one hand, it plays a vital role in both promoting the national economic growth and improving the living standards of urban residents. On the other hand, some problems in the development of China’s current real estate market have been fully exposed, such as the overheated investment, the unbalance in supply and demand, insufficient financing channels, soaring property prices and so on. In particular, the rapid growth in the housing price has brought challenges to the sound development in both China’s real estate market and the whole national economy and it has also become a hot-spot and difficult issue in the current academia. Such relevant research as whether the rapid growth of China’s housing prices has become disjointed with resident income seriously or not and what the rules of the changes in income and housing prices in China’s different regions are is realistically significant for guiding the micro-control in China’s real estate. I. Index Selection and Disposal of Comparability The samples selected in this thesis are composed of the fluctuating residential real estate prices in China’s 30 provinces (excluding Tibet) from 1998 to 2006, urban resident income and other relevant panel data that are from various years of China Statistical Yearbook. The data of the real estate prices adopts the real estate prices in urban areas. The income indexes adopt the annual per capita disposable income of urban residents. In order to remove the impacts of the price and make indexes of various types had comparability in time series, the disposal of comparability has been conducted in indexes of different types in the thesis and their present value has been turned into the value of the constant price, namely, on the basis of the constant price in 1998, the concrete calculation method is that the housing price is deflated by the housing sales price index and the disposable income is deflated by the consumer price index of urban residents. II. Analysis of Commercial Housing Price Variance among Provinces According to the average housing prices and their growth rates in provinces from 1998 to 2006, thirty provinces, cities and autonomous regions across the country can be divided into three types in accordance with the mean and the growth rate of their average housing prices. It’s found that the provinces, cities and autonomous regions of the three types also have common in geographic areas so they can be divided into such three regions as the eastern region, the central region and the western region on the basis of their geographic areas. For the regional division of the average housing price in China, Figure 1 compares the changes in the average housing prices in the central, western and eastern regions from 1998 to 2006. It’s found that the average housing price in the east is prominently higher than those in the western and International Conference on Education Technology, Management and Humanities Science (ETMHS 2015) © 2015. The authors Published by Atlantis Press 1100 central regions and the trend of its average housing prices is on the rise. In particular, the rising trend of the average housing prices is obvious after 2004. The changes in the average housing prices in eastern and western regions are comparatively similar. However, the average prices in the central region are rising slowly while for the western region, a small decline also appears in its slightly rising process. Besides, the average housing prices in the eastern region surpass those in the western region after 2004. III. Analysis of the Differences in the Income Change among Regions Figure 1: Changes in the housing prices in the central, eastern and western regions Figure 2: Changes in the income in the central, eastern and western regions For the regional division of the average housing price in China, Figure 2 compares the changes in the income in the central, western and eastern regions from 1998 to 2006. It’s found that the per capita income in the east is prominently higher than those in the western and central regions and its trend is uniformly on the rise.

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Urbanization, economic growth, and carbon dioxide emissions in China: A panel cointegration and causality analysis
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  • Lahong Ju + 12 more

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  • 10.1007/s11442-006-0304-y
Regional disparity in the changes of agricultural land use intensity in China during 1980–2002
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  • Chengwu Liu + 1 more

Based on the cost-benefit data (1980–2002) of farm products and China Agriculture Yearbooks, this paper studies the regional disparity in the changes of the agricultural land use in China during the period 1980–2002 from three aspects such as the degree of intensity, the sown area and the abandoned farmland. The results show that: (1) The degree of intensity of land use in the western region during 1980–2000 has a strong uptrend, but in the eastern and central regions the degree of intensity descends obviously and has shown a continuous downtrend since 1997. (2) The total sown area shrinks notably in the eastern region, while it enlarges constantly in the western region. (3) The sown area in the eastern, central and western regions has gone through a similar cyclic process: down (1980–1985)-up (1985–1991)-down (1991–1994)-up (1994–1999)-down (1999–2002). However, there are obvious differences in amplitude variation and tendency among them. The sown area has shrunk in the eastern region and expanded in the central and western regions especially before 1999. (4) The most cases of abandoned farmland are reported in the central region, the second in the eastern region and the least in the western region. The abandonment phenomena chiefly occurred during 1992–1995 in the eastern region, and during 1998–2002 in the central region.

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  • 10.1016/j.resourpol.2023.103529
A study on the effects of natural resource abundance and foreign direct investment on regional eco-efficiency in China under the target of COP26
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