Is environmental regulation a powerful weapon to mitigate China’s PM2.5 emissions? The role of human capital
Jun Zhao and
Kangyin Dong ()
Journal of Asian Economics, 2023, vol. 87, issue C
Abstract:
The continuous introduction of environmental governance policies aims to control the deteriorating ecological environment, which has been highly concerned by scholars. To re-assess the regulation-haze nexus for the case of China, by incorporating the effect of human capital, this study first analyzes the channels through which environmental regulation (ER) influences haze emissions and then conducts a series of empirical checks on the regulation-haze nexus by using the provincial data covering 2003–2017. The empirical findings show that: (i) strengthened ER is not a valid strategy to alleviate haze pollution; (ii) the integration of enhancing environmental supervision and actively introducing talents can drastically mitigate haze emissions; and (iii) human capital has been established as the conduction path of ER affecting haze pollution; although ER can accelerate human capital accumulation, it cannot effectively solve haze emissions at present. Therefore, several targeted policy implications, such as combining multiple ER tools and gradually cultivating talents, are highlighted.
Keywords: Environmental regulation; Haze emissions; Human capital; Moderating effect; Mediation effect (search for similar items in EconPapers)
JEL-codes: C33 J24 Q53 R10 (search for similar items in EconPapers)
Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:eee:asieco:v:87:y:2023:i:c:s1049007823000544
DOI: 10.1016/j.asieco.2023.101634
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