Ye Peiyun, Cai Wugan, Zhou Yuhui
School of Economics and Management, Fuzhou University, No. 2, Xueyuan Road, Daxue New District, Fuzhou District, Fuzhou, 350108, Fujian, China.
Environ Sci Pollut Res Int. 2022 Dec;29(58):88041-88054. doi: 10.1007/s11356-022-21939-8. Epub 2022 Jul 12.
The Green industrial policy is implemented to promote the coordinative development of the environment and industry, while there has been limited research involved in the policy effect evaluation. Taking China's Green Manufacturing Engineering Implementation Guide (GMEIG) released especially for manufacturing industry in 2016 as a quasi-natural experiment, this paper identifies the policy effect on the total factor productivity (TFP) of manufacturing enterprises, and the mechanisms and heterogeneities are further evaluated. The baseline results show that green industrial policy has significant promotion on the TFP of manufacturing enterprises. The mechanism is analyzed from two perspectives, including incentive effect and supervision effect. Moreover, mediating effects of different time points of government subsidy are investigated within the incentive effect. The results reveal that GMEIG promotes the TFP of manufacturing enterprises through incentive effect and the promotion on enterprises' TFP mainly benefits from government subsidies afterwards rather than government subsidies beforehand. When considering the heterogeneity at regional, industrial and enterprise levels, the policy effect is more significant in non-state-owned enterprises, as well as enterprises with smaller scale. What is more, market competitiveness is conducive to the promotion on enterprises' TFP, while current level of green preference fails to positively moderate the policy effect. This study provides theoretical and empirical support for the construction of green industrial policy and further facilitates China's green development.
绿色产业政策的实施旨在促进环境与产业的协调发展，然而，有关该政策效果评估的研究却较为有限。本文以2016年专门针对制造业发布的中国绿色制造工程实施指南（GMEIG）作为一项准自然实验，识别绿色产业政策对制造企业全要素生产率（TFP）的政策效果，并进一步评估其作用机制和异质性。基准结果表明，绿色产业政策对制造企业的全要素生产率具有显著的促进作用。从激励效应和监督效应两个视角分析了作用机制。此外，在激励效应中考察了政府补贴不同时间点的中介效应。结果显示，GMEIG通过激励效应促进了制造企业的全要素生产率，且对企业全要素生产率的促进作用主要得益于事后而非事前的政府补贴。在考虑区域、行业和企业层面的异质性时，政策效果在非国有企业以及规模较小的企业中更为显著。此外，市场竞争力有利于促进企业的全要素生产率，而当前的绿色偏好水平未能对政策效果起到正向调节作用。本研究为绿色产业政策的构建提供了理论和实证支持，并进一步推动了中国的绿色发展。
