Policy Uncertainty Reduces Green Investment
收藏NBER2023-07-01 更新2025-01-04 收录
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https://www.nber.org/papers/w31401
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资源简介：
Government subsidies are often used to stimulate environment-friendly investment. We find that Chinese firms reduce green investment as the uncertainty of subsidies rises. This effect is identified from weather-driven fluctuations in air pollution that lead to fluctuations in subsidy allocations:
政府补贴通常被用于激励环境友好型投资。我们发现，随着补贴不确定性的上升，中国企业会减少绿色投资（green investment）。该效应可通过由天气驱动的空气污染波动所引发的补贴分配波动得以识别：
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美国国家经济研究局创建时间：
2023-07-01
