炭素取引政策、制度的圧力の異質性、企業の全要素生産性：多期間差分の差分法による実証的証拠
Carbon Trading Policy, Institutional Pressure Heterogeneity, and Enterprise Total Factor Productivity: Empirical Evidence from a Multi-Period Difference-in-Differences Approach (原題)
(著者不明)
🤖 gxceed AI 要約
日本語
中国上場企業2010〜2024年のパネルデータを用い、多期間DIDで炭素排出量取引制度が企業の全要素生産性（TFP）に与える影響を検証。炭素取引政策はTFPを有意に高め、ベースライン基準の算定、有償割当、高い炭素価格が正の効果を持つ。効果は非国有企業や高炭素・重汚染産業以外でより顕著。
English
Using panel data of Chinese listed firms (2010–2024) and a multi-period DID model, this study finds that the carbon emissions trading system significantly raises firm total factor productivity. Baseline-based accounting, paid quota allocation, and higher carbon prices enhance TFP. Effects are stronger for non-state-owned firms and those outside high-carbon, heavily polluting industries.
Unofficial AI-generated summary based on the public title and abstract. Not an official translation.
📝 gxceed 編集解説 — Why this matters
日本のGX文脈において
中国ETSの政策設計（算定・割当・価格）と生産性の関係を実証した点は、日本での炭素価格制度やGXリーグ、SSBJ開示における企業競争力への示唆として参考になる。
In the global GX context
Provides empirical evidence on how carbon market design (accounting, allocation, pricing) affects firm productivity, informing global debates on carbon pricing under TCFD/ISSB and transition finance.
👥 読者別の含意
🔬研究者:炭素価格政策の生産性効果に関する因果推論の実証例として参考になる。
🏢実務担当者:炭素価格上昇が自社の生産性・コストに与える影響を検討する際の参考資料。
🏛政策担当者:炭素市場設計（有償割当・価格水準）が企業競争力に与える影響を考慮する必要がある。
📄 Abstract（原文）
As China advances its green transition, increasing attention has been paid to whether carbon emissions trading policies can improve both environmental performance and economic efficiency. Using panel data for Chinese listed companies from 2010 to 2024, this study applies a multi-period difference-in-differences (DID) model to examine the effect of the carbon emissions trading system on firms’ total factor productivity (TFP). The results indicate that the carbon trading policy is associated with a significant increase in enterprise TFP. Further analysis shows that different policy arrangements during quota accounting, quota allocation, and quota trading affect firms in different ways. In particular, baseline-based accounting methods, paid quota allocation, and higher carbon prices are found to have positive effects on TFP. The heterogeneity analysis further suggests that the positive effect of the carbon trading policy is more evident among non-state-owned enterprises and firms outside high-carbon and heavily polluting industries.
🔗 Provenance — このレコードを発見したソース
- semanticscholar https://doi.org/10.26689/pbes.v9i6.15156first seen 2026-09-12 05:20:15 · last seen 2026-09-21 04:56:43
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