Journal of Finance and Economics
ISSN (Print): 2328-7284 ISSN (Online): 2328-7276 Website: http://www.sciepub.com/journal/jfe Editor-in-chief: Suman Banerjee
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Journal of Finance and Economics. 2017, 5(6), 310-315
DOI: 10.12691/jfe-5-6-7
Open AccessArticle

The Efficiency Improvement in Low-carbon Technology Innovation of Chinese Enterprises under CDM: An Empirical Study based on DEA Assessments

Kun LUO1, and Rendao YE2

1Alibaba Business College, Hangzhou Normal University, Hangzhou, China

2College of Economics, Hangzhou Dianzi University, Hangzhou, China

Pub. Date: December 19, 2017

Cite this paper:
Kun LUO and Rendao YE. The Efficiency Improvement in Low-carbon Technology Innovation of Chinese Enterprises under CDM: An Empirical Study based on DEA Assessments. Journal of Finance and Economics. 2017; 5(6):310-315. doi: 10.12691/jfe-5-6-7

Abstract

The Clean Development Mechanism (CDM) with financial incentives and technical transfer brings about potential improvement in the efficiency of Chinese enterprises’ low-carbon technology innovation. Based on DEA models and data of industrial enterprises, we assess the efficiencies and their improvement under CDM. We then estimate the effects of CDM on the probability of efficiency improvement using a logit model. The effects of CDM on the improvement rate are also estimated. It is found that the undertaking of CDM would benefit Chinese enterprises to achieve more significant efficiency improvement in their low-carbon technology innovation, by raising not only the probability but also the rate of efficiency improvement.

Keywords:
clean development mechanism (CDM) low-carbon technology innovation efficiency improvement DEA

Creative CommonsThis work is licensed under a Creative Commons Attribution 4.0 International License. To view a copy of this license, visit http://creativecommons.org/licenses/by/4.0/

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