Politická ekonomie 2025, 73(1):58-87 | DOI: 10.18267/j.polek.1449

Political Economy of Mitigating Carbon Emissions with Mild Constraints: An Empirical Study on Employment Based on Low-Carbon City Pilot Policy

Yang Chen, Wenge Liu
Yang Chen, School of International Economics and International Relations, Liaoning University, Shenyang, China
Wenge Liu, School of International Economics and International Relations, Liaoning University, Shenyang, China

The interaction between socioeconomic disparities and environmental degradation, which is highly pertinent to the issue of climate change, has garnered significant scholarly attention globally. Despite the critical importance of climate change in political economy, research into labour markets and environmental policies remains limited in the current literature. Therefore, the present study discusses the implementation of China's low-carbon city pilot policy (LCCPP) as an exogenous policy shock. Utilizing A-share data from listed companies on the Shanghai and Shenzhen stock exchanges spanning the period 2007-2020, we employ a multiperiod difference-in-differences model to scrutinize the influence and mechanisms of LCCPP on employment. Our study reveals a significant increase in employment levels within pilot cities due to LCCPP. The findings remain stable even after the results are subjected to a battery of robustness tests. Mechanistic analysis suggests that the policy substantially increases employment through the scale effect and factor substitution effect. Heterogeneous results demonstrate the policy's substantial promotion of employment levels in pilot cities across state-owned enterprises, the first and second industrial sectors and low-carbon industry enterprises. These research findings support steering China's economic development towards a low-carbon, environmentally sustainable growth transformation. Furthermore, policymakers should encourage the LCCPP to stimulate employment while addressing socioeconomic disparities and environmental concerns simultaneously in political economy.

Keywords: Environmental regulation, low-carbon city pilot policies (LCCPP), employment, multiperiod difference-in-differences (multiperiod DID) model
JEL classification: H23, O13, O44, Q56

Vloženo: 16. leden 2024; Revidováno: 27. květen 2024; Přijato: 25. červen 2024; Zveřejněno: 17. únor 2025  Zobrazit citaci

ACS AIP APA ASA Harvard Chicago Chicago Notes IEEE ISO690 MLA NLM Turabian Vancouver
Chen, Y., & Liu, W. (2025). Political Economy of Mitigating Carbon Emissions with Mild Constraints: An Empirical Study on Employment Based on Low-Carbon City Pilot Policy. Politická ekonomie, 73(1), 58-87. doi: 10.18267/j.polek.1449
Stáhnout citaci
  • BibTeX (.bib)
  • Bookends (.ris)
  • EasyBib (.ris)
  • EndNote (.enw)
  • EndNote 8 (.xml)
  • ISI WoS (.isi)
  • Medlars (.medlars)
  • Mendeley (.ris)
  • MODS (.xml)
  • Papers (.ris)
  • RefWorks (.txt)
  • RefManager (.ris)
  • RIS (.ris)
  • MS Word (.xml)
  • Zotero (.ris)
    • Zobrazit celý článek

    Reference

    1. Ali, K., Khan, Z., Khan, N., et al. (2016). Performance Evaluation of UK Acquiring Companies in the Pre and Post-Acquisitions Periods. Asian Journal of Economics and Empirical Research, 3(2), 130-138. https://doi.org/10.20448/journal.501/2016.3.2/501.2.130.138 Přejít k původnímu zdroji...
    2. Altman, I., Hunter, A. M. (2015). The employment and income effects of cleaner coal: : The case of FutureGen and rural Illinois. Clean Technologies & Environmental Policy, 17(6), 1475-1485. https://doi.org/10.1007/s10098-014-0872-y Přejít k původnímu zdroji...
    3. Berman, E., Bui, L. T. M. (2001). Environmental regulation and productivity: Evidence from oil refineries. Review of Economics and Statistics, 83(3), 498-510. https://doi.org/10.1162/00346530152480144 Přejít k původnímu zdroji...
    4. Chen, H., Guo, W., Feng, X., et al. (2021). The Impact of Low-Carbon City Pilot Policy on the Total Factor Productivity of Listed Enterprises in China. Resources Conservation and Recycling, 169, 105457. https://doi.org/10.1016/j.resconrec.2021.105457 Přejít k původnímu zdroji...
    5. Germanwatch (2024). Global Climate Risk Index. [Retrieved 2021-01-25] Available at: https://www.germanwatch.org/en/cri
    6. Hafstead, M. A. C., Williams, R. C. (2018). Unemployment and Environmental Regulation in General Equilibrium. Social Science Electronic Publishing, 160(4), 50-65. https://doi.org/10.1016/j.jpubeco.2018.01.013 Přejít k původnímu zdroji...
    7. Haroon, M. (2024). Energy poverty in the face of stringent environmental policies: An analysis of mitigating role of energy storage in China. Journal of Energy Storage, 81, 110396. https://doi.org/10.1016/j.est.2023.110396 Přejít k původnímu zdroji...
    8. Huang, J., Zhao, J., Cao, J. (2020). Environmental Regulation and Corporate R&D Investment - Evidence from a Quasi-Natural Experiment. International Review of Economics and Finance, 72, 154-174. https://doi.org/10.1016/j.iref.2020.11.018 Přejít k původnímu zdroji...
    9. Jacobson, L. S., Lalonde, R. J., Sullivan, D. G. (1993). Earnings Losses of Displaced Workers Revisited. American Economic Review, 83, 685-709. Přejít k původnímu zdroji...
    10. Ji, X., Umar, M., Ali, S. et al. (2021). Does fiscal decentralization and eco-innovation promote sustainable environment? A case study of selected fiscally decentralized countries. Sustainable Development, 29(1), 79-88. https://doi.org/10.1002/SD.2132 Přejít k původnímu zdroji...
    11. Khan, N., Ali, K., Kiran, A., et al. (2017). Factors that Affect the Derivatives Usage of Non-Financial Listed Firms of Pakistan to Hedge Foreign Exchange Exposure. Journal of Banking and Financial Dynamics, 1(1), 9-20. https://doi.org/10.20448/JOURNAL.525/2017.1.1/525.1.9.20 Přejít k původnímu zdroji...
    12. Khan, Z., Badeeb, R. A., Hassan, T., et al. (2023a). Emissions-Adjusted International Trade for Sustainable Development in China: Evidence from dynamic autoregressive distributed lags model and kernel based regression. Sustainable Development, 31(1), 379-392. https://doi.org/10.1002/SD.2398 Přejít k původnímu zdroji...
    13. Khan, Z., Badeeb, R. A., Zhang, C., et al. (2023b). Financial inclusion and energy efficiency: role of green innovation and human capital for Malaysia. Applied Economics, 56(27), 3262-3277. https://doi.org/10.1080/00036846.2023.2206109 Přejít k původnímu zdroji...
    14. Li, H., Tang, Y., Zuo, J. (2017). Government Intervention, Ultimate Control Right and Enterprise Employment Behavior: Research Based on Chinese Private Listed Companies. Journal of Finance and Economics, 7, 20-31. https://doi.org/10.16538/j.cnki.jfe.2017.07.002 Přejít k původnímu zdroji...
    15. Li, S. (2015). Effects of Environmental Regulation on Heterogeneous Labors' Employment: An Analysis Based on Provincial Dynamic Panel Data. China Population, Resources and Environment, 25(8), 135-143. https://doi.org/10.3390/ijerph14121598 Přejít k původnímu zdroji...
    16. Li, Y., Cheng, H., Ni, C. (2023). Energy transition policy and urban green innovation vitality: a quasi-natural experiment based on the new energy demonstration city policy. China Population, Resources and Environment, 33(1), 137-149. https://doi.org/10.12062/cpre.20220918 Přejít k původnímu zdroji...
    17. Li, Y., Lu, W. (2011). The Economy-wide Rebound Effects of Energy Efficiency Increase in Production. China Population, Resources and Environment, 21(11), 44-49. https://doi.org/10.3969/j.issn.1002-2104.2011.11.008 Přejít k původnímu zdroji...
    18. Li, M., Zhang, K., Alamri, A. M., et al. (2023). Resource curse hypothesis and sustainable development: Evaluating the role of renewable energy and R&D. Resources Policy, 81. https://doi.org/10.1016/j.resourpol.2022.103283 Přejít k původnímu zdroji...
    19. Liu, M., Tan, R., Zhang, B. (2021). The costs of "blue sky": environmental regulation, technology upgrading, and labour demand in China. Journal of Development Economics, 150, 102610. https://doi.org/10.1016/j.jdeveco.2020.102610 Přejít k původnímu zdroji...
    20. Lu, Y. (2011). Green Policies and Jobs in China: A Double Dividend? Economic Research Journal, 46(7), 42-54.
    21. Qiu, S. L., Wang, Z. L., Liu, S. (2021). The policy outcomes of low-carbon city construction on urban green development: Evidence from a quasi-natural experiment conducted in China. Sustainable Cities and Society, 66, 102699. https://doi.org/10.1016/j.scs.2020.102699 Přejít k původnímu zdroji...
    22. Rasoulinezhad, E., Taghizadeh-Hesary, F. (2022). Role of green finance in improving energy efficiency and renewable energy development. Energy Efficiency, 15(2), https://doi.org/10.1007/s12053-022-10021-4 Přejít k původnímu zdroji...
    23. Ren, Y., Fu, J. (2019). Research on the effect of carbon emissions trading on emission reduction and green development. China Population, Resources and Environment, 29(5), 11-20.
    24. Tufail, M., Song, L., Umut, A., et al. (2022). Does financial inclusion promote a green economic system? Evaluating the role of energy efficiency. Economic Research-Ekonomska Istraživanja, 35(1), 6780-6800. https://doi.org/10.1080/1331677X.2022.2053363 Přejít k původnímu zdroji...
    25. Tufail, M., Song, L., Wang, W., et al. (2023). Race to Top or Race to Bottom Approach: Disaggregated Effect of Fiscal Decentralization and Its Implications for Consumption-Based Carbon Emissions. Journal of the Knowledge Economy, 15(3), 15243-15277. https://doi.org/10.1007/s13132-023-01690-2 Přejít k původnímu zdroji...
    26. Wang, F., Ge, X. (2022). Can Low-carbon Transition Impact Employment - Empirical Evidence from Low-carbon City Pilot Policy. China Industrial Economics, 5, 81-99. https://doi.org/10.19581/j.cnki.ciejournal.2022.05.004 Přejít k původnímu zdroji...
    27. Wang Y., Wang, G., Peng, Y. (2012). Does Ownership Nature Affect Tax Sensitiveness? - Evidence Based on Firm's Labor Demand. Economic Research Journal. 47(4), 52-63.
    28. Wang, R., Destek, M. A., Weimei, C., et al. (2023). Drivers of Sustainable Green Finance: Country's Level Risk and Trade Perspective for OECD Countries. The Journal of Environment & Development, 33(1), 125-148. https://doi.org/10.1177/10704965231217046 Přejít k původnímu zdroji...
    29. Wang, Z., Alamri, A. M., Mawad, J. L., et al. (2023). Sustainable growth and a green environment? Evidence from nonparametric methods provincial data of China. Economic Research-Ekonomska Istraživanja, 36(3). https://doi.org/10.1080/1331677X.2022.2152070 Přejít k původnímu zdroji...
    30. Xu, J., Cui, J. (2020). Low-Carbon Cities and Firms' Green Technological Innovation. China Industrial Economics, 12, 178-196. https://doi.org/10.19581/j.cnki.ciejournal.2020.12.008 Přejít k původnímu zdroji...
    31. Yu, S., Liang, Y., Zhu, Z., et al. (2024). Dutch disease perspective of energy sector: Natural resources and energy sector nexus with the role of renewable energy consumption. Resources Policy, 90, 104740. https://doi.org/10.1016/j.resourpol.2024.104740 Přejít k původnímu zdroji...
    32. Zang, C., Sun, P. (2021). Does Low-carbon City Construction Promote Local Green Development? Empirical Evidence from Quasi-natural Experiments. Finance and Trade Research, 32(10), 27-40. https://doi.org/10.19337/j.cnki.34-1093/f.2021.10.003 Přejít k původnímu zdroji...
    33. Zheng, J., Shao, X., Liu, W., et al. (2021). The Impact of the Pilot Program on Industrial Structure Upgrading in Low-Carbon Cities. Journal of Cleaner Production, 290, 125868. https://doi.org/10.1016/j.jclepro.2021.125868 Přejít k původnímu zdroji...

    Tento článek je publikován v režimu tzv. otevřeného přístupu k vědeckým informacím (Open Access), který je distribuován pod licencí Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License (CC BY NC ND 4.0), která umožňuje nekomerční distribuci, reprodukci a změny, pokud je původní dílo řádně ocitováno. Není povolena distribuce, reprodukce nebo změna, která není v souladu s podmínkami této licence.


    Zpět na obsah