Industrial Energy Regulation: The Role of Business Conglomerates in China
AEA Papers and Proceedings
vol. 111,
May 2021
(pp. 396-400)
Abstract
This paper characterizes the importance of ownership networks of firms that are subject to a prominent energy regulation in China: the Top 1000 Enterprises Energy-Saving Program. We use data on the activities of regulated and unregulated firms that are part of the same conglomerate to study the overall importance of conglomerates as well as their geographic concentration. Accounting for business networks of regulated firms significantly increases the fraction of output that is affected by the regulation. We also document that most related firms of Top 1000 firms are located in the same province.Citation
Chen, Qiaoyi, Zhao Chen, Zhikuo Liu, Juan Carlos Suárez Serrato, and Daniel Yi Xu. 2021. "Industrial Energy Regulation: The Role of Business Conglomerates in China." AEA Papers and Proceedings, 111: 396-400. DOI: 10.1257/pandp.20211072Additional Materials
JEL Classification
- Q48 Energy: Government Policy
- Q41 Energy: Demand and Supply; Prices
- O13 Economic Development: Agriculture; Natural Resources; Energy; Environment; Other Primary Products
- Q52 Pollution Control Adoption and Costs; Distributional Effects; Employment Effects
- O25 Industrial Policy
- P28 Socialist Systems and Transitional Economies: Natural Resources; Energy; Environment
- L52 Industrial Policy; Sectoral Planning Methods