文献类型：期刊文献

英文题名：From command-and-control to market-based environmental policies: Optimal transition timing and China's heterogeneous environmental effectiveness

作者：Tang, Maogang[1,2];Li, Xiuzhen[3];Zhang, Yun[4];Wu, Yingtao[5];Wu, Baijun[1,2]

机构：[1]East China Univ Sci & Technol, Sch Business, Shanghai 200237, Peoples R China;[2]East China Univ Sci & Technol, Inst Adv Study Social Sci, Shanghai 200237, Peoples R China;[3]Shanghai Lixin Univ Accounting & Finance, Sch Int Econ & Trade, Shanghai 201620, Peoples R China;[4]Shanghai Lixin Univ Accounting & Finance, Sch Finance, Shanghai 201620, Peoples R China;[5]Fudan Univ, Sch Econ, Shanghai 200433, Peoples R China

年份：2020

卷号：90

起止页码：1

外文期刊名：ECONOMIC MODELLING

收录：;WOS:【SSCI(收录号:WOS:000540674000001)】；

基金：We are grateful to Professor Sushanta Mallick (editor) and the anonymous referees for their insightful and helpful comments and suggestions. All errors in this paper are our own. This research was funded by the National Natural Science Foundation Projects of China [No. 71673189], the Major project on Humanities and Social Sciences of Shanghai Municipal Education Commission Research and Innovation Program "Research on the effective supply mechanism of urban public goods" [2017-01-07-00-02-E00008], the Fundamental Research Funds for the Central Universities [50321131922006] and China Postdoctoral Science Foundation Project (2019M661415).

语种：英文

外文关键词：Command-and-control environmental policy; Market-based environmental policy; Optimal transition timing; Environmental efficiency; Spatially adaptive semi-parametric model

摘要：Despite the rich literature on command-and-control and market-based environmental policies, the transition between them has received relatively less attention. This paper identifies that there exists an optimal transition timing from command-and-control policies to market-based policies by analyzing the trade-off between the abatement cost and innovation compensation effects of environmental regulations, and the optimal transition timing occurs when the marginal opportunity cost of pollution abatement equals the marginal output of capital input. Using province-level data of 30 regions in China from 2007 to 2015, we measure environmental efficiency by the slack-based model with desirable and undesirable output, and adopt the spatially adaptive semi-parametric model to carry out our empirical research, which shows that command-and-control policies, rather than market-based policies, promote China's environmental efficiency. Enhancing investment in technological innovation contributes to improving environmental efficiency for both types of policies. Finally, the effect of such policies on environmental efficiency remains heterogeneous across regions.