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Are Capitalists Green? Firm Ownership and Provincial CO2 emissions in China

Andersson, Fredrik N G LU ; Opper, Sonja LU and KHALID, USMAN LU (2018) In Energy Policy 123. p.349-359
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)
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)
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author
organization
publishing date
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
2019-09-17 04:37:14
@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},
  keyword      = {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},
  volume       = {123},
  year         = {2018},
}