Environmental Policy Uncertainty

Weijie Luo ()
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Weijie Luo: Beijing International Studies University

Chapter Chapter 5 in Public-Private Partnership and Policy Uncertainty, 2025, pp 71-92 from Springer

Abstract: Abstract This study analyzed the impact of environmental regulation, specifically, the “2+26” regional strategy for air quality improvement, on corporate research and development (R&D) investment in China. We developed a theoretical model based on the argument that R&D investment rises with regulation intensity. Using 2010–2019 data from China’s listed companies located in the Beijing-Tianjin-Hebei region and its surrounding areas, we treated the 2+26 policy as a quasi-natural experiment and adopted a difference-in-differences approach to explore its effect on firm R&D input. A positive association was observed between firm R&D intensity and the 2+26 strategy’s implementation in major polluting industries. Our results provide in-depth insights into the 2+26 strategy’s economic consequences, which are potentially of interest to both scholars and policymakers.

Date: 2025
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-981-96-8074-0_5

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DOI: 10.1007/978-981-96-8074-0_5

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