Based on the panel data of China's 34 industrial sectors during 2005-2013, this paper tests the water pollution effects of SOE ownership diversification in China. The result shows that in general, greater state ow...Based on the panel data of China's 34 industrial sectors during 2005-2013, this paper tests the water pollution effects of SOE ownership diversification in China. The result shows that in general, greater state ownership and less private ownership in a sector will lead to lower water pollution intensity. Test of threshold effect shows that, irrespective of its current level, an increase in state ownership helps improve the environment by different degrees. When pollution intensity is low, ownership diversification helps reduce pollution intensity; when pollution intensity is high, state ownership is the optimal choice for mitigating pollution. This paper's findings suggest that while advancing the mixedownership reform of SOEs, China cannot relax the environmental responsibilities of SOEs, and still less should economic interests override environmental concerns.展开更多
基金supported by the“Growth Dividend Effect and Growth Pressure Effect on Environmental Performance in the New Normal”of the National Social Science Fund(15CJL012)Beijing Social Science Fund Program“Effects of Economic Growth in Beijing-Tianjin-Hebei on Environmental Pollution in the New Normal and Simulated Scenario”(15JDJGC096)
文摘Based on the panel data of China's 34 industrial sectors during 2005-2013, this paper tests the water pollution effects of SOE ownership diversification in China. The result shows that in general, greater state ownership and less private ownership in a sector will lead to lower water pollution intensity. Test of threshold effect shows that, irrespective of its current level, an increase in state ownership helps improve the environment by different degrees. When pollution intensity is low, ownership diversification helps reduce pollution intensity; when pollution intensity is high, state ownership is the optimal choice for mitigating pollution. This paper's findings suggest that while advancing the mixedownership reform of SOEs, China cannot relax the environmental responsibilities of SOEs, and still less should economic interests override environmental concerns.
