Shiyi, Chen; Zivin, Joshua S. Graff; Wang, Huanhuan; … - National Bureau of Economic Research - 2022
This paper investigates the impact of a pioneering pollution reduction program, the Ecological Compensation Initiative …-in-differences empirical design and find strong evidence that the ECI mitigates the spillover effect of water pollution at the province … polluting industries. This initiative also reduces upstream firms' output and pollution intensity relative to downstream firms …