Investigating the Impact of Heterogeneous Environmental Regulation on the Ecological Efficiency of Industrial Enterprises: A Multivariate Adjustment Approach Using the CLAD Spatial Durbin Model

Yuxuan Xu (), Fengjiao Qiang and Wenchun Luo
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Yuxuan Xu: School of Economics and Management, Shaanxi University of Science and Technology, Xi’an 710021, China
Fengjiao Qiang: School of Economics and Management, Shaanxi University of Science and Technology, Xi’an 710021, China
Wenchun Luo: School of Economics and Management, Shaanxi University of Science and Technology, Xi’an 710021, China

Sustainability, 2024, vol. 16, issue 6, 1-37

Abstract: The ecoefficiency of industrial enterprises serves as an indicator of regional industry’s capacity for sustainable development, with judicious environmental regulations being essential for facilitating green industrial transformation and the realization of high-quality development. In this investigation, a global Super-SBM model is utilized to assess the ecoefficiency of industrial firms in 30 Chinese provinces from 2003 to 2021. Furthermore, we examine how environmental regulations affect industrial ecoefficiency using a moderating effect model and we determine spatial implications using the Clad-SDM model. The findings are as follows: (1) The ecoefficiency of China’s industrial enterprises has increased from approximately 0.2 to nearly 0.4, with command-based environmental regulations augmenting ecoefficiency in contrast to the limited impact of market-based regulations. (2) Economic advancement amplifies the positive influence of command-based regulations on industrial ecoefficiency and heightens the negative effects of market-based regulations; concurrently, international trade and the technological milieu positively moderate the influence exerted by market-based and command-based regulations, respectively. (3) Both regulatory types exhibit significant spatial spillover effects, with clear regional differences in their impact on industrial ecoefficiency.

Keywords: market-based environmental regulation; command-based environmental regulation; ecoefficiency of industrial firms; moderating effects; spatial spillovers (search for similar items in EconPapers)
JEL-codes: O13 Q Q0 Q2 Q3 Q5 Q56 (search for similar items in EconPapers)
Date: 2024
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