How does blockchain promote the high-quality development of manufacturing? A quasi-natural experiment based on key environmental protection cities
LI Shao-lin1,2, FENG Ya-fei1
1. Center for Industrial and Business Organization, Dongbei University of Finance and Economic, Dalian 116025, China; 2. Institute of Industrial Economics, Chinese Academy of Social Sciences, Beijing 100006, China
Abstract：By building the objective function and behavioral motivation model under the application of blockchain technology in different ownership enterprises, this paper analyzed the mechanism of the development level of blockchain on the digital total factor productivity of manufacturing industry, and took the rise of blockchain industry as a quasi natural experiment evaluated the impact of blockchain technology on the green development of manufacturing industry based on the panel data system of 93 key environmental protection cities in China from 2003 to 2017. It was showed that the application of blockchain can force enterprises to realize green transformation characterized by efficiency improvement, sulfur dioxide emissions and pollution control costs were reduced by 26% and 17%, respectively, and the conclusion was still robust after tested with various methods such as instrumental variables, triple difference, PSM-DID and placebo. In addition, the mediating effect analysis showed that the current stage of green technological innovation was better than digital total factor productivity and energy efficiency in promoting the green development of manufacturing. Finally, the heterogeneity analysis based on the ownership characteristics of enterprises showed that the performance of state-owned blockchain enterprises in promoting the green transformation of manufacturing industry is better than that of non-state-owned enterprises, while the heterogeneity analysis based on urban characteristics found that the promotion effect of blockchain enterprises on the transformation of manufacturing industry with high proportion of the secondary industry and high energy consumption per unit GDP was stronger. This paper enriched the theoretical research in the field of blockchain application and real economy development, contributed to a more comprehensive understanding of the mechanism of digital economy affecting the green development of China's manufacturing industry, and provided policy enlightenment for more scientific and accurate fomulation of blockchain development strategy.
李少林, 冯亚飞. 区块链如何推动制造业绿色发展？——基于环保重点城市的准自然实验[J]. 中国环境科学, 2021, 41(3): 1455-1466.
LI Shao-lin, FENG Ya-fei. How does blockchain promote the high-quality development of manufacturing? A quasi-natural experiment based on key environmental protection cities. CHINA ENVIRONMENTAL SCIENCECE, 2021, 41(3): 1455-1466.
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