Does Environmental Regulation Help Mitigate Factor Misallocation?-Theoretical Simulations Based on a Dynamic General Equilibrium Model and the Perspective of TFP
Chinese Ministry of Education Humanities and Social Science Project [19YJC790022]; National Natural Science Foundation of China [71903063, 42001190]; Philosophy and Social Science Planning Project of Henan Province in China [2020CJJ100, 2019BJJ005]; Key R&D and Popularization Special Projects of Henan Province in China [212400410074]
机构署名：
本校为其他机构
院系归属：
经济与工商管理学院
摘要：
How environmental regulation affects factor allocation is becoming an emerging hot topic in academia. In this paper, we construct a dynamic general equilibrium model accommodating environmental regulatory shock based on the H-K framework to explain the impact of environmental regulation on factor misallocation from the perspective of aggregate total factor productivity loss changes, and numerical simulation results are provided for several representative scenarios. The results show that environmental regulation has a significant effect on facto...
