Research On The Impact Of Intermediate Import Trade Liberalization On Corporate Environmental Performance

The division of labor in the GVC(Global Value Chain)continues to be refined,the depth of the value chain continues to deepen,the import and export trade of intermediate goods grows in both scale and status,and its After the reform and opening up,we will implement a series of opening policies,gradually remove various non-tariff barriers,and import tariffs.to promote openness and trade liberalization.Immerse yourself in the melting pot of global trade.China further accelerated the process of trade liberalization after joining the WTO in 2001.In the system of trade liberalization,the promotion of liberalization of intermediate goods has played a vital role.At the same time,China is in a period of high-quality environmental transformation and upgrading,with the dual role of economic development and environmental protection.ESG(Environmental,Social and Governance)is becoming more and more important and the demands on companies are higher.Trade on corporate environmental performance explore the significant impact of,In particular,the impact of trade in intermediate goods on the environmental performance of companies has become an urgent issue to be resolved." liberalization needs to be thoroughly investigated,meanwhile,Liberalization of intermediate import trade will play a decisive role in the coordinated development of China’s economy,society and environment,and bring environmental benefits.Analysis of the current situation in this article shows that the cost of environmental treatment in China is rising and,in the absence of policy restrictions,levels of various pollutants are increasing in an uncontrolled manner." China’s import and export trade continues to expand,and tariff levels have improved significantly compared to before China’s accession to the WTO.In particular,the import structure has been optimized since the 21st century.Based on the above study Beijing,this paper proposes a model for firms with import trade liberalization of intermediate goods for the sake of research efficiency and data reliability.To study environmental performance,we use microdata from 2000 to 2007.Through microdata,we observe heterogeneity at the firm level and investigate the impact mechanism of import trade liberalization on firm’s environmental performance.On the one hand,this paper analyzes the relationship and impact path between domestic and foreign research achievements,in order to combine the achievements of related fields at home and abroad,and analyzes the relationship between liberalization of intermediate products and environmental performance.Liberalization of corporate environmental performance.On the other hand,tariff rates for highly sophisticated products are also used in this paper." "A quasi-natural experiment is used in the study of this issue." We tested the impact mechanism and investigated and verified the impact mechanism.In order to observe the heterogeneity at the firm level,this paper examines firms’ environmental performance from a unique microscopic perspective of import tariffs on intermediate goods.to innovate.In terms of research content,this paper comprehensively considers environmental policies,intermediate import types,quality and knowledge spillovers,and deepens the demonstration and innovation of mechanisms between intermediate imports and corporate pollution emissions.",the paper uses firm microdata to study the relationship between trade and the environment,which is rare.Especially with regard to the knowledge spillover index,this paper improves the original knowledge spillover index and corrects some problems in the original formula.A more rigorous analysis of the endogeneity problem.Benchmark studies show that liberalizing trade in intermediate goods has generally contributed to reducing pollution and improving the environmental performance of firms,a performance that has weakened since WTO accession in 2001.In this paper,there may be an endogeneity problem of missing variables and selectivity bias,and this paper uses 2SLS to deal with the problem of missing variables and delay how to solve the problem of selectivity bias." "With respect to heterogeneity,differences in actual contamination between regions,ownership,industry,and different types of trade are regressed separately in this paper.The regression results show that:(1)compared with the eastern region,the central and western regions are relatively affected by tariff concessions on intermediate goods;(2)Compared with the cleaning industry,the polluting industry has been relatively affected by tariff concessions on intermediate goods,and this is due to the fact that after polluting industries have been affected by the liberalization of trade in intermediate goods,It shows a clear change in environmental performance.;(3)In the case of state-owned enterprises,the reduction in tariff levels does not have a large impact on the environmental performance of enterprises,and in the case of state-owned enterprises,the increase in tariff rates will improve the environmental performance of enterprises after WTO accession.Enterprises;The impact of the tariff rate on intermediate goods and WTO accession to foreign-owned companies is greater than that of private companies.(4)For OEM enterprises,the impact of the enterprise’s environmental performance resulting from the liberalization of trade in intermediate goods is less than that of general trading enterprises and other enterprises.This paper also investigates the mechanism by which the trade liberalization of two types of intermediate goods affects the environmental performance of firms.From the actual situation of firms,the environmental protection effect brought about by the reduction of tariffs on intermediate goods is investigated.has three routing mechanisms:Import volume effect of intermediate goods,price effect of intermediate imports,ripple effect of intermediate import information." It has the effect of pushing companies to cut emissions and forcing them to cut emissions.