Low carbon transition and green total factor productivity of manufacturing firms: empirical evidence from low-carbon city pilot policy
低炭素移行と製造企業のグリーン全要素生産性：低炭素都市パイロット政策からの実証的証拠 (AI 翻訳)
Xinyu Zhang, Xiaoyi Ding, Zehui Jia, Xiaoling Guo, Lin Zhang
🤖 gxceed AI 要約
日本語
中国の低炭素都市パイロット政策（LCP）が製造業のグリーン全要素生産性（GTFP）に与える影響を、2005-2024年のA株上場企業パネルデータとDIDモデルで検証。LCPはGTFPを有意に向上させ、国有企業や高汚染企業で効果が大きい。グリーンイノベーションとグリーン産出の増加が主な経路であることを示した。
English
This study examines the impact of China's low-carbon city pilot policy (LCP) on green total factor productivity (GTFP) of manufacturing firms using panel data from A-share listed companies (2005-2024) and a difference-in-differences approach. LCP significantly improves GTFP, with stronger effects for state-owned and highly polluting firms, driven by green innovation and increased green output.
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
日本のGX政策（GXリーグ、省エネ法、カーボンプライシング）の効果検証に示唆。政策の生産性向上効果を実証する手法は、日本の製造業の脱炭素政策評価に応用可能。
In the global GX context
Provides empirical evidence on the effectiveness of place-based climate policies in enhancing firm-level green productivity, relevant to global discussions on industrial decarbonization and policy design, complementing TCFD/ISSB disclosure frameworks with real economic outcomes.
👥 読者別の含意
🔬研究者:Provides quasi-experimental evidence on the causal effect of low-carbon city pilots on green productivity, useful for policy evaluation research.
🏢実務担当者:Highlights how regulatory pressure can drive green innovation and productivity, informing corporate strategy under carbon constraints.
🏛政策担当者:Offers evidence that low-carbon city pilots can boost green productivity, supporting the design of similar policies in other regions.
📄 Abstract（原文）
Introduction To advance low‐carbon transformation and sustainable growth, low‐carbon city pilot policy (LCP) was first implemented in China in 2010, and the scope of pilot cities has been gradually expanded in the subsequent years. Manufacturing enterprises, as microscopic subjects of the national economy, are leading force in building a new engine of green growth. Methods Taking LCP as a quasi‐natural experiment, this study leverages a multi‐temporal difference‐in‐difference model to investigate how this policy affects green total factor productivity (GTFP) in the manufacturing sector and the corresponding potential mechanisms, where the research is grounded in panel data of Chinese manufacturing enterprises listed on the A‐share markets in Shanghai and Shenzhen (2005–2024). Results It is found in this study that LCP exerts a positive effect on manufacturing enterprises' GTFP, with the conclusion holds steady following multiple robustness checks. State-owned and highly polluting manufacturing enterprises experience a more pronounced boost in their GTFP. Through mechanism test, it is demonstrated that the policy drives the improvement of GTFP chiefly via advancing green innovation and increasing green output. Discussion These findings offer empirical evidence for the effectiveness of LCP in promoting green growth among manufacturing enterprises, with implications for extending similar policies to other regions and enterprise types.
🔗 Provenance — このレコードを発見したソース
- openalex https://doi.org/10.3389/fenvs.2026.1842523first seen 2026-08-02 05:19:50
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