AIR POLLUTION AND MANUFACTURING FIRM PRODUCTIVITY: NATIONWIDE ESTIMATES FOR CHINA

• 成果类型: Article
• 署名作者: Fu, Shihe; Viard, V. Brian; Zhang, Peng
• 署名单位: The Chinese University of Hong Kong, Shenzhen; Shenzhen Research Institute of Big Data
• 刊物名称: ECONOMIC JOURNAL
• ISSN/ISSBN: 0013-0133
• DOI: 10.1093/ej/ueab033
• 发表日期: 2021
• 页码: 3241-3273
• 关键词: particulate matter; life expectancy; sustained exposure; infant-mortality; QUALITY; IMPACT; TRADE; performance; HEALTH; GROWTH

摘要

We provide nationwide causal estimates of air pollution's effect on short-run productivity for China's manufacturing sector from 1998 to 2007. Using thermal inversions as an instrument, a 1 mu g/m(3) decrease in PM2.5 increases productivity by 0.82% (elasticity of -0.44). Increased hiring attenuates the elasticity to -0.17. Differential effects of a trade shock on coastal versus inner regions imply a pollution elasticity of output of 1.43. Simulating a dynamic general-equilibrium model yields an output elasticity of -0.28 with respect to PM2.5. An exogenous 1% decrease in PM2.5 nationwide increases gross domestic product by 0.039%.