{"title":"Carbon blessing or carbon curse? The role of fiscal policy","authors":"","doi":"10.1016/j.eap.2024.08.012","DOIUrl":null,"url":null,"abstract":"<div><p>Green development is the inevitable requirement of high-quality development in the resource-based regions, and it is also the fundamental guarantee for realizing environmental sustainability in the resource-based regions. Based on the panel data of 242 cities in China from 2006 to 2019, this paper explores whether mineral resource abundance is a blessing or a curse for carbon emission intensity and whether fiscal policy plays an intermediary role. We draw the following conclusions: (1) The overall performance of mineral resources is a carbon curse effect, because the carbon curse effect of mineral resources is greater than the carbon blessing effect. (2) Mechanism analysis reveals that the decrease in fiscal pressure and the increase in fiscal dependence are the formation paths of carbon blessing and carbon curse, respectively. (3) Heterogeneity analysis shows that the occurrence and intensity of the carbon curse are related to the level of local foreign investment, government intervention, and industrial diversification. The research results explain the supplementary motivation of government quality and provide Chinese evidence for the transformation and upgrading of resource-based regions.</p></div>","PeriodicalId":54200,"journal":{"name":"Economic Analysis and Policy","volume":null,"pages":null},"PeriodicalIF":7.9000,"publicationDate":"2024-08-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Economic Analysis and Policy","FirstCategoryId":"96","ListUrlMain":"https://www.sciencedirect.com/science/article/pii/S0313592624002017","RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q1","JCRName":"ECONOMICS","Score":null,"Total":0}
引用次数: 0
Abstract
Green development is the inevitable requirement of high-quality development in the resource-based regions, and it is also the fundamental guarantee for realizing environmental sustainability in the resource-based regions. Based on the panel data of 242 cities in China from 2006 to 2019, this paper explores whether mineral resource abundance is a blessing or a curse for carbon emission intensity and whether fiscal policy plays an intermediary role. We draw the following conclusions: (1) The overall performance of mineral resources is a carbon curse effect, because the carbon curse effect of mineral resources is greater than the carbon blessing effect. (2) Mechanism analysis reveals that the decrease in fiscal pressure and the increase in fiscal dependence are the formation paths of carbon blessing and carbon curse, respectively. (3) Heterogeneity analysis shows that the occurrence and intensity of the carbon curse are related to the level of local foreign investment, government intervention, and industrial diversification. The research results explain the supplementary motivation of government quality and provide Chinese evidence for the transformation and upgrading of resource-based regions.
期刊介绍:
Economic Analysis and Policy (established 1970) publishes articles from all branches of economics with a particular focus on research, theoretical and applied, which has strong policy relevance. The journal also publishes survey articles and empirical replications on key policy issues. Authors are expected to highlight the main insights in a non-technical introduction and in the conclusion.