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发展政经Workshop：The Soft Environmental Budget Constraint: Unintended Effects of China's SOE Reform on Environmental Regulation
发布日期：2023-10-18 12:00 来源：
时间：2023年10月18日（周三）11:30-13:00
地点：北京大学国家发展研究院承泽园131教室
主讲人：黄清扬（北京大学国家发展研究院、南南合作与发展学院）
参与老师：（国发院）李力行、席天扬、徐化愚、于航、王轩、易君健、黄清扬；
（经院）刘冲、吴群锋、曹光宇
讲座题目：
The Soft Environmental Budget Constraint: Unintended Effects of China's SOE Reform on Environmental Regulation
摘要：
In China, central and provincial state-owned enterprises (SOEs) were historically exempt from local environmental regulations due to institutional barriers. This exemption prompted local authorities to impose stricter environmental regulations on private entities to achieve their emission reduction targets. We explore the effects of the unintended resolution of this soft environmental budget constraint following the decentralization of polluting central and provincial SOEs during China's SOE reform. Using detailed firm-level panel data, we find that polluting SOEs, when decentralized to the prefectural level, encountered stricter environmental regulations. This led to diminished emissions, a drop in total factor productivity (TFP), and increased inputs in pollution control rather than production. Conversely, private firms in the same region displayed a rise in emissions, output, and TFP. The spillover effects were especially marked for private firms with significant financial limitations. On a broader scale, SOE decentralization in a given prefecture led to an overall reduction in emissions without notably impacting aggregate industrial output or productivity. A hypothetical reallocation of 10% emissions from SOEs to private firms could yield total industrial output gains ranging from 0.74% to 3.31%.
主讲人简介：
黄清扬，北大国发院、南南学院助理教授。他于2023年从加州大学伯克利分校获得博士学位，主要研究领域是发展经济学、环境经济学和政治经济学。
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发展政经Workshop：The Soft Environmental Budget Constraint: Unintended Effects of China's SOE Reform on Environmental Regulation
发布日期：2023-10-18 12:00 来源：
时间：2023年10月18日（周三）11:30-13:00
地点：北京大学国家发展研究院承泽园131教室
主讲人：黄清扬（北京大学国家发展研究院、南南合作与发展学院）
参与老师：（国发院）李力行、席天扬、徐化愚、于航、王轩、易君健、黄清扬；
（经院）刘冲、吴群锋、曹光宇
讲座题目：
The Soft Environmental Budget Constraint: Unintended Effects of China's SOE Reform on Environmental Regulation
摘要：
In China, central and provincial state-owned enterprises (SOEs) were historically exempt from local environmental regulations due to institutional barriers. This exemption prompted local authorities to impose stricter environmental regulations on private entities to achieve their emission reduction targets. We explore the effects of the unintended resolution of this soft environmental budget constraint following the decentralization of polluting central and provincial SOEs during China's SOE reform. Using detailed firm-level panel data, we find that polluting SOEs, when decentralized to the prefectural level, encountered stricter environmental regulations. This led to diminished emissions, a drop in total factor productivity (TFP), and increased inputs in pollution control rather than production. Conversely, private firms in the same region displayed a rise in emissions, output, and TFP. The spillover effects were especially marked for private firms with significant financial limitations. On a broader scale, SOE decentralization in a given prefecture led to an overall reduction in emissions without notably impacting aggregate industrial output or productivity. A hypothetical reallocation of 10% emissions from SOEs to private firms could yield total industrial output gains ranging from 0.74% to 3.31%.
主讲人简介：
黄清扬，北大国发院、南南学院助理教授。他于2023年从加州大学伯克利分校获得博士学位，主要研究领域是发展经济学、环境经济学和政治经济学。
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