The Effect of Environmental Information Disclosure on Green Total Factor Productivity: Evidence from Quasi-Natural Experiments on Cities in China

Xiangyan Meng, Mingyuan Tang, Fanchao Kong () and Shuai Li
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Xiangyan Meng: School of Insurance, Shandong University of Finance and Economics, Jinan 250014, China
Mingyuan Tang: Department of Information Systems, City University of Hong Kong, Hong Kong 999077, China
Fanchao Kong: School of Statistics and Mathematics, Shandong University of Finance and Economics, Jinan 250014, China
Shuai Li: School of Statistics and Mathematics, Shandong University of Finance and Economics, Jinan 250014, China

Sustainability, 2022, vol. 14, issue 20, 1-17

Abstract: The relationship between environmental regulation and green economic growth has become a focal issue in China. This study utilizes the environmental information disclosure (EID) policy as a quasi-natural experiment in the Chinese context. Using a sample of 280 Chinese cities from 2003–2019 and measuring urban green total factor productivity (GTFP), the propensity score matching and difference-in-difference methods are applied to assess the impact mechanism of EID on urban GTFP in China. The results show that, first, the urban GTFP showed a decreasing trend from 2003 to 2008 and a general increasing trend from 2009 to 2019. The EID policy had a significantly positive impact on GTFP, and this finding remained robust after a series of tests. Second, the policy effect of EID was more pronounced in large and medium-sized cities than in small cities and eastern and central regions. The mechanism analysis shows that a positive effect from EID on GTFP in cities can be achieved through green technological innovation and industrial agglomeration.

Keywords: environmental information disclosure; green total factor productivity; green technological innovation; industrial agglomeration (search for similar items in EconPapers)
JEL-codes: O13 Q Q0 Q2 Q3 Q5 Q56 (search for similar items in EconPapers)
Date: 2022
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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