Fiscal Pressure, Energy Consumption and Carbon Emissions: A Quasi Natural Experiment Based on the Educational Authority Reform
- MA Entao, YANG Xuan
- Shandong University of Finance and Economics, 250014.
At present, China is in the period of large-scale tax and fee reduction and external impact from the pandemic, and the fiscal pressure of local governments is increasing rapidly. There are relatively few studies on such impact on local carbon emissions. This paper uses the quasi natural experiment of education authority reform in 2010 to measure the exogenous change in fiscal pressure, and uses the difference-in-differences method to empirically investigate the impact of local fiscal pressure on carbon emissions. The results show that: (1) the fiscal pressure caused by the goal of education authority reform significantly increases the local carbon emission intensity. This suggests that when local governments feel the fiscal pressure, they will use other ways to relieve it and thus affect carbon emissions. (2) In order to relieve fiscal pressure, local governments will urge energy-intensive enterprises which have large output and strong tax generating capacity to expand production capacity, in order to increase their tax revenue. This will lead to a large amount of carbon dioxide emissions. This paper has particularly important reference significance for how to relieve fiscal pressure and how to deal with the relationship between local finance and carbon emissions in the future.
JEL：E62, L52, Q59
- Financial Pressure, Educational Authority Reform, Energy-Intensive Enterprise, Carbon Emissions