School of Economics and Management, Beijing Forestry University, Beijing 100083, China.
Int J Environ Res Public Health. 2022 Jan 20;19(3):1131. doi: 10.3390/ijerph19031131.
The relationship between environmental regulation, technology spillover, and economic performance has been the subject of intense scholarly debate in environmental economics for many years. The famous Porter hypothesis states that environmental regulation promotes both the economic performance and the environmental performance of corporations. However, the existing literature has paid relatively little attention to micro-level research and spatial spillover effects. This article endeavors to fill this gap by an empirical analysis of a sample of 900 of China's heavily polluting listed corporations for the period of 2013-2016. By utilizing spatial econometric methods to measure spatial direct and indirect effects and decomposing total factor productivity change into technical change, pure efficiency change, and scale efficiency change, we find that environmental regulation promotes corporate total factor productivity but widens the disparity between profitable and unprofitable corporations. Our results also suggest that the direct and indirect effects of environmental regulation and corporate profitability on promoting total factor productivity rely heavily on the efficiency changes, while the contribution of the key component, technical change, is insignificant.
多年来，环境规制、技术溢出和经济绩效之间的关系一直是环境经济学中激烈学术争论的主题。著名的波特假说认为，环境规制既促进了企业的经济绩效，也促进了企业的环境绩效。然而，现有文献相对较少关注微观层面的研究和空间溢出效应。本文通过对 2013-2016 年中国 900 家重污染上市公司的样本进行实证分析，努力填补这一空白。本文利用空间计量经济学方法来衡量空间直接和间接效应，并将全要素生产率变化分解为技术变化、纯效率变化和规模效率变化，发现环境规制促进了企业的全要素生产率，但扩大了盈利和亏损企业之间的差距。我们的结果还表明，环境规制和企业盈利能力对促进全要素生产率的直接和间接效应在很大程度上依赖于效率变化，而关键组成部分——技术变化的贡献则微不足道。
