• •

### 市场化、结构性产能过剩与环境污染 ——基于系统GMM与门槛效应的检验

• 出版日期:2019-01-25 发布日期:2019-01-16

### Marketization, Structural Overcapacity and Environmental Pollution ——A Test Based on System GMM and Threshold Effect

Liu Chenyue & Xu Yingzhi

• Online:2019-01-25 Published:2019-01-16

Abstract: Based on China's provincial and industrial data from 2003 to 2014 and corporate data from 2003 to 2009, this paper attempts to construct a panel regression model from the perspectives of industry and corporate, using the methods, such as system GMM, moderation and threshold effects, to conduct an empirical study on the impacts of structural overcapacity on environmental pollution. It intends to clarify the martyrdom of China's environmental pollution control from the perspective of the structural overcapacity and clear up the way of harnessing the environmental pollution by grasping the top-level design. It is found that the structural overcapacity is one of the important reasons for environmental pollution in China. In terms of different types of pollutants, the structural overcapacity as to solid and gaseous pollution can have a significant impact on the corresponding solid and gaseous pollution, however, there is no significant effect of structural overcapacity as to liquid pollution on liquid pollution. At the same time, the path of structural overcapacity on environmental pollution has significant market-oriented moderation and threshold effects. Taking further stock of the heterogeneity effect, it is found that the mechanism of structural overcapacity on environmental pollution has significant regional differences. This paper provides a theoretical support for promoting institutional reform, optimizing stock capacity and efficiently harnessing various forms of environmental pollution.