Are Capitalists Green? Firm Ownership and Provincial CO2 emissions in China
(2018) In Energy Policy 123. p.349-359- Abstract
- In China, a large private sector has evolved alongside a still sizeable state-owned sector that is subject to government control. Several studies have found that in this mixed economy, the private sector is economically more efficient than the state-owned sector. In this paper, we investigate whether private firms are also more carbon efficient than state-owned firms. Using a macroeconomic panel data model with provincial data from 1992 to 2010, we confirm that private firms emit less carbon dioxide than state-owned firms. Our results imply that future reforms, such as ongoing privatization, introduced to increase the economic efficiency of state-owned companies will also mitigate emissions growth. The policy lesson, not only for China but... (More)
- In China, a large private sector has evolved alongside a still sizeable state-owned sector that is subject to government control. Several studies have found that in this mixed economy, the private sector is economically more efficient than the state-owned sector. In this paper, we investigate whether private firms are also more carbon efficient than state-owned firms. Using a macroeconomic panel data model with provincial data from 1992 to 2010, we confirm that private firms emit less carbon dioxide than state-owned firms. Our results imply that future reforms, such as ongoing privatization, introduced to increase the economic efficiency of state-owned companies will also mitigate emissions growth. The policy lesson, not only for China but for developing countries maintaining a large state-owned sector, is that economic efficiency and energy efficiency are conjoined mutual benefits. (Less)
- Abstract (Swedish)
- In China, a large private sector has evolved alongside a still sizeable state-owned sector that is subject to government control. Several studies have found that in this mixed economy, the private sector is economically more efficient than the state-owned sector. In this paper, we investigate whether private firms are also more carbon efficient than state-owned firms. Using a macroeconomic panel data model with provincial data from 1992 to 2010, we confirm that private firms emit less carbon dioxide than state-owned firms. Our results imply that future reforms, such as ongoing privatization, introduced to increase the economic efficiency of state-owned companies will also mitigate emissions growth. The policy lesson, not only for China but... (More)
- In China, a large private sector has evolved alongside a still sizeable state-owned sector that is subject to government control. Several studies have found that in this mixed economy, the private sector is economically more efficient than the state-owned sector. In this paper, we investigate whether private firms are also more carbon efficient than state-owned firms. Using a macroeconomic panel data model with provincial data from 1992 to 2010, we confirm that private firms emit less carbon dioxide than state-owned firms. Our results imply that future reforms, such as ongoing privatization, introduced to increase the economic efficiency of state-owned companies will also mitigate emissions growth. The policy lesson, not only for China but for developing countries maintaining a large state-owned sector, is that economic efficiency and energy efficiency are conjoined mutual benefits. (Less)
Please use this url to cite or link to this publication:
https://lup.lub.lu.se/record/44febe5b-c1bd-40cd-bf4b-fda018ac2bdc
- author
- Andersson, Fredrik N G LU ; Opper, Sonja LU and KHALID, USMAN LU
- organization
- publishing date
- 2018
- type
- Contribution to journal
- publication status
- published
- subject
- keywords
- China, firm ownership, CO2 emissions, Climate change, wavelet analysis
- in
- Energy Policy
- volume
- 123
- pages
- 349 - 359
- publisher
- Elsevier
- external identifiers
-
- scopus:85053324935
- ISSN
- 1873-6777
- DOI
- 10.1016/j.enpol.2018.08.045
- language
- English
- LU publication?
- yes
- id
- 44febe5b-c1bd-40cd-bf4b-fda018ac2bdc
- alternative location
- https://www.sciencedirect.com/science/authShare/S0301421518305743/20180913T062000Z/1?md5=f8b864d686e30fcee0a4ab68a30074dc&dgcid=author
- date added to LUP
- 2018-08-22 15:45:06
- date last changed
- 2022-04-17 21:52:53
@article{44febe5b-c1bd-40cd-bf4b-fda018ac2bdc, abstract = {{In China, a large private sector has evolved alongside a still sizeable state-owned sector that is subject to government control. Several studies have found that in this mixed economy, the private sector is economically more efficient than the state-owned sector. In this paper, we investigate whether private firms are also more carbon efficient than state-owned firms. Using a macroeconomic panel data model with provincial data from 1992 to 2010, we confirm that private firms emit less carbon dioxide than state-owned firms. Our results imply that future reforms, such as ongoing privatization, introduced to increase the economic efficiency of state-owned companies will also mitigate emissions growth. The policy lesson, not only for China but for developing countries maintaining a large state-owned sector, is that economic efficiency and energy efficiency are conjoined mutual benefits.}}, author = {{Andersson, Fredrik N G and Opper, Sonja and KHALID, USMAN}}, issn = {{1873-6777}}, keywords = {{China; firm ownership; CO2 emissions; Climate change; wavelet analysis}}, language = {{eng}}, pages = {{349--359}}, publisher = {{Elsevier}}, series = {{Energy Policy}}, title = {{Are Capitalists Green? Firm Ownership and Provincial CO2 emissions in China}}, url = {{http://dx.doi.org/10.1016/j.enpol.2018.08.045}}, doi = {{10.1016/j.enpol.2018.08.045}}, volume = {{123}}, year = {{2018}}, }