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Tytuł:
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The impact of local government debt on urban environmental pollution and its mechanism: Evidence from China.
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Autorzy:
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Qi Z; Research Base of Xinjiang Macroeconomic Early Warning System, Xinjiang University, Urumqi, Xinjiang, China.; School of Economics and Management, Xinjiang University, Urumqi, Xinjiang, China.
Yang S; Centre for China Public Sector Economy Research, Jilin University, Changchun, Jilin, China.; Economics School, Jilin University, Changchun, Jilin, China.
Feng D; Institute of Industrial Economics, Jiangxi University of Finance and Economics, Nanchang, Jiangxi, China.
Wang W; Economics School, Jilin University, Changchun, Jilin, China.
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Źródło:
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PloS one [PLoS One] 2022 Mar 10; Vol. 17 (3), pp. e0263796. Date of Electronic Publication: 2022 Mar 10 (Print Publication: 2022).
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Typ publikacji:
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Journal Article; Research Support, Non-U.S. Gov't
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Język:
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English
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Imprint Name(s):
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Original Publication: San Francisco, CA : Public Library of Science
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MeSH Terms:
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Local Government*
Environmental Pollution/*economics
Air Pollution/analysis ; Air Pollution/economics ; Air Pollution/prevention & control ; China ; Cities/economics ; Conservation of Natural Resources ; Economic Development ; Environmental Policy ; Environmental Pollution/analysis ; Environmental Pollution/prevention & control
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References:
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Sci Total Environ. 2020 May 10;716:134439. (PMID: 32005505)
Environ Sci Pollut Res Int. 2020 Nov;27(31):39607-39618. (PMID: 32651795)
Sci Total Environ. 2021 Feb 1;754:142232. (PMID: 33254920)
J Environ Manage. 2021 Nov 15;298:113499. (PMID: 34385115)
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Entry Date(s):
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Date Created: 20220310 Date Completed: 20220421 Latest Revision: 20220531
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Update Code:
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20240104
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PubMed Central ID:
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PMC8912247
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DOI:
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10.1371/journal.pone.0263796
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PMID:
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35271570
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As an important financial means for governments to improve the quality of economic development, government debt greatly affects the quality of local environmental governance. Based on a theoretical mechanism analysis that uses the pollutant emissions panel data and new caliber urban investment bond data of 273 cities in China, this paper empirically tests the impact of local government debt on urban emission reduction and the mechanism that drives this impact. We find that local government debt significantly promotes urban emissions reduction, and as urban pollution becomes more aggravated, this promoting effect has a dynamic path, first strengthening and then weakening. The role of local government debt in promoting urban emission reduction is characterized by both temporal and spatial heterogeneity. A mechanistic analysis shows that local government debt can promote urban emission reduction by promoting urban environmental innovation, with green invention patents demonstrating a stronger intermediary role than green utility model patents.
Competing Interests: The authors have declared that no competing interests exist.
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