Callaway, Brantly; Li, Tong; Rodrigue, Joel; Sasaki, Yuya; … - 2024 - Last updated: March 21, 2024
Leveraging the sharp changes in environmental regulation embedded in China's 11th Five-Year Plan (FYP), which covered the period from 2006 to 2010, we characterize the degree to which the plan softens trade-offs between emissions and output. We document that the 11th FYP is associated with...