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The impact of land resource mismatch and land marketization on pollution emissions of industrial enterprises in China

机译：土地资源不匹配与土地市场化对我国工业企业污染排放的影响

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摘要

Local governments' strategy of increasing the land supply by selling industrial land at low prices causes industrial land in China to be priced substantially below the market value. Whether under planned or market allocation, urban land is an important part of China's market-oriented economic reform. However, direct empirical research on the impact of industrial land transfer on environmental pollution is still lacking. Based on matched data, this study investigates the impact of land resource mismatch and land marketization on the pollution emissions of Chinese enterprises. Pollution emissions refer to the emission intensity of industrial enterprises' major pollutants, such as industrial water, industrial waste gas and sulfur dioxide, and it is calculated by the comprehensive index method. The impact of land resource mismatch and land marketization on the pollution emissions of Chinese enterprises is investigated using a panel fixed effect model, subsample regression, the instrumental variable method and a mediating effect model. The benchmark analysis shows that land resource mismatch increases pollution emissions. The influence mechanism analysis shows that land resource mismatch may increase the pollution emissions of enterprises by causing overinvestment and low productivity. In addition, the expanded analysis shows that China's land marketization can reduce the intensity of and have a long-term impact on the pollution emissions of enterprises. This paper provides a theoretical and scientific basis for correcting the mismatch of land resources and promoting the reform of land marketization in China.
机译：地方政府通过低价销售工业用地增加土地供应的战略，导致中国工业用地，以大大低于市场价值计价。无论是在计划和市场配置，城市土地是中国市场化经济改革的重要组成部分。然而，对环境的污染工业用地出让的影响，直接的实证研究仍然缺乏。基于匹配的数据，这项研究调查土地资源错配和土地市场化对中国企业的污染排放量的影响。污染排放指工业企业主要污染物，如工业用水，工业废气和二氧化硫的发射强度，它是由综合指数方法计算。土地资源错配和土地市场化对中国企业的污染排放量的影响是使用面板固定效应模型，子样本回归，工具变量法和中介作用模型研究。基准的分析表明，土地资源的错配增加了污染排放。的影响机理分析表明，土地资源不匹配可能通过引起过度投资和低效率增加企业的污染排放。此外，扩展的分析表明，中国的土地市场可以降低的强度和对企业的污染排放量的长期影响。本文为纠正土地资源的错配，促进土地市场在中国的改革提供了理论基础和科学依据。

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