Low-carbon city pilot policies, government attention, and green total factor productivity

Guang Yuan, Jun Liu and Yi Wang

Finance Research Letters, 2025, vol. 77, issue C

Abstract: Effective environmental policy necessitates institutional support; however, research often overlooks the role of government attention. This study examines how governmental environmental attention moderates the impact of low-carbon city pilot (LCCP) policies on green total factor productivity (GTFP) in 260 Chinese cities (2006–2023). Results reveal that LCCP significantly improves urban GTFP, with stronger effects in the eastern and northern regions. Direct governmental attention (fiscal expenditure) enhances policy effectiveness, while indirect attention (policy emphasis) influences market behavior. These findings underscore the importance of region-specific policies and government involvement in environmental governance for sustainable urban development.

Keywords: Environmental Policy Implementation; Governmental Environmental Attention; Green Total Factor Productivity; Low-Carbon City Pilot Policy; Environmental Governance (search for similar items in EconPapers)
JEL-codes: H83 Q56 Q58 R11 (search for similar items in EconPapers)
Date: 2025
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Persistent link: https://EconPapers.repec.org/RePEc:eee:finlet:v:77:y:2025:i:c:s1544612325003071

DOI: 10.1016/j.frl.2025.107043

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