报告题目：Environmental Regulation and the Extensive Margin of Firms
腾讯会议ID：405 2661 9163
The paper provides a comprehensive investigation of the effects of environmental regulations on Chinese firms’ extensive margins. Using the registration information of all firms in 35 industries from 1991 to 2010, we show that environmental regulations deter firm entry, increase firm exit and reduce the net entry of firms. Specifically, in response to such regulations, large, long-lived and private entrants are less likely to enter the market, and small and long-lived incumbents are more likely to exit. This concentrates the market and expands the state sector in pollution-intensive industries. Moreover, the entrants are more heavily regulated than incumbents. We also find evidence that, in response to environmental regulations, firms in regulated locations are more likely to create new firms in pollution-intensive industries in unregulated areas. However, these spatial spillover effects are negligible, posing little threat to the estimation of environmental regulatory impacts on firm entry in our setting and therefore alleviating the concern of pollution relocation.
王敏，2011年博士毕业于美国爱荷华州立大学，北京大学国家发展研究院经济学长聘副教授（研究员），《经济学（季刊）》副主编，北京大学环境与能源研究中心副主任。他的研究领域是环境与资源经济学、能源经济学、气候变化和宏观发展。王敏在中英文经济学期刊上发表20多篇学术论文，其中多篇论文发表在Economic Theory, Journal of Environmental Economics and Management, Journal of Economic Dynamics and Control等经济学国际领域顶级期刊，以及《经济研究》《经济学（季刊）》《管理世界》《世界经济》等中文经济学权威期刊。