Conference Agenda
Overview and details of the sessions of this conference. Please select a date or location to show only sessions at that day or location. Please select a single session for detailed view (with abstracts and downloads if available).
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Daily Overview |
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Local pollution externalities Location: Auditorium A: Victor D. Norman Session Chair: Massimo Filippini, ETH Zurich | |
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Less Is More: How Do Fertilizer and Pesticide Regulations Affect Agricultural Green Innovation in China? Kyoto University, Japan Treating China’s 2015 zero growth strategy in synthetic fertilizer and pesticide use (ZGS) as a quasi-natural experiment, this study investigates the impact of the policy on agricultural green innovations. We construct a panel dataset by matching green patents with listed companies’ databases, employing both difference-in-differences (DID) and synthetic DID to identify the policy’s green innovation effects and their mechanisms. Our results indicate that the implementation of ZGS contributed to a 10.6% increase in share of green patent applications. This finding remaining robust even after accounting for other shock effects and mitigating sample selection bias. The observed growth primarily stems from firms' innovative resource allocation rather than the leverage effect suggested by theoretical analyses. Furthermore, the ZGS more promotes substantive invention over strategic innovation. This positive innovation effect is particularly pronounced in private firms with low financial constraints, high levels of digitization, no political ties, and environmentally conscious leadership. | |