Does place-based green policy improve air pollution? Evidence from China's National Eco-Industrial Demonstration Park Policy.

Air pollution is one of the serious environmental problems facing the world. This paper systematically investigates the impact and transmission mechanism of the construction of national eco-industrial parks (NEDPs) on urban air pollution based on Chinese city-level panel data from 2003 to 2021 using a staggered difference-in-differences (staggered DID) model. It is found that the construction of NEDP significantly reduces urban air pollution, a conclusion supported by the negative weight diagnostic test and two types of robust DID estimators.

Quantity or quality? The impact of financial geo-density on firms' green innovation.

Green innovation is an essential support for environmentally sustainable development. However, little attention has been given to the impact of financial expansion on green innovation in the existing literature, and there is a lack of studies based on the perspective of the financial geographical supply structure. This study uses latitude and longitude information to construct firm-level financial geo-density data in China.