2021
DOI: 10.1016/j.scitotenv.2020.142927
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Does green industrial policy promote the sustainable growth of polluting firms? Evidences from China

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Cited by 26 publications
(9 citation statements)
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“…The “cradle-to-cradle” concept emerged, which advocated for a fundamental redesign of products and processes based on closed-loop system theory. China has been implementing CE as a strategy since the early 2000s with the objective to reduce waste and improve resource efficiency (Chen et al. , 2021).…”
Section: Narrative Literature and Findingsmentioning
confidence: 99%
“…The “cradle-to-cradle” concept emerged, which advocated for a fundamental redesign of products and processes based on closed-loop system theory. China has been implementing CE as a strategy since the early 2000s with the objective to reduce waste and improve resource efficiency (Chen et al. , 2021).…”
Section: Narrative Literature and Findingsmentioning
confidence: 99%
“…The aim is to compensate the regulated firms and support their pursuits on GI and industrial upgrading. These policy tools often include financial subsidies [ 22 , 40 ], tax burden reliefs [ 21 ] and provisions of environmental infrastructure [ 19 , 44 ]. Two possible driving mechanisms are discussed here.…”
Section: Literature Reviewmentioning
confidence: 99%
“…On the one hand, firms have concerns about the free-rider problem due to the “positive externality of knowledge and environmental benefits.” This undermines their efforts in GI [ 12 ]. On the other hand, investing in GI and industrial upgrading is costly and risky because the returns are often uncertain [ 44 ]. By providing a variety of subsidies and tax refunds, local governments can internalize the double externalities and lower the risk of firms, which facilitates the realization of the Porter effects [ 18 ].…”
Section: Literature Reviewmentioning
confidence: 99%
“…Fortunately, China has been aware of the imbalance between rapid economic growth and environmental protection (Wu et al, 2018;Chen et al, 2021). The government has issued a series of policies to solve agricultural environmental problems, such as "The Opinions on Promoting Agricultural Green Development by Innovating Institutions and Mechanisms".…”
Section: Introductionmentioning
confidence: 99%