An Empirical Study on Environmental Regulatory Costs Environmental TFP.docVIP

An Empirical Study on Environmental Regulatory Costs Environmental TFP 　　Abstract: This paper examines the cost of environmental regulation and the environmental total factor productivity (TFP) with directional distance function and the Malmquist-Luenberger (ML) index respectively, using inputs and output data of 36 two-digit industries over the period 1998- 2010. It finds that Chinese industries incur a relatively high environmental regulatory cost and that China has paid a high price fulfilling its promise to emissions mitigation. A comparison between conventional and environmental TFP show