Can China's water rights trading system promote water resources technological innovation?
Water is an important resource that supports economic development and ecological security, and water pollution and water shortage pose a major threat to human survival. Therefore, improving the utilization of water resources and establishing a water rights trading system (WRTS) have become urgent ta...
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| Format: | Article |
| Language: | English |
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Elsevier
2024-01-01
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| Series: | Desalination and Water Treatment |
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| Online Access: | http://www.sciencedirect.com/science/article/pii/S1944398624001334 |
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| author | Dawei Gao Yan Deng Shuang Gao Chuangbin Chen |
| author_facet | Dawei Gao Yan Deng Shuang Gao Chuangbin Chen |
| author_sort | Dawei Gao |
| collection | DOAJ |
| description | Water is an important resource that supports economic development and ecological security, and water pollution and water shortage pose a major threat to human survival. Therefore, improving the utilization of water resources and establishing a water rights trading system (WRTS) have become urgent tasks for achieving the goal of sustainable socio-economic development. Water resources technology innovation (WRTI) is an important driver of accelerating the construction of ecological civilization in China. In view of this, it is worth exploring whether a WRTS, as a market-based environmental policy targeting water conservation and water use efficiency, can promote WRTI within the framework of China's national policy of resource conservation and environmental protection. To address this question, this innovative study employs a quasi-natural experiment based on the WRTS implemented in China in 2014. The study selects panel data from 30 Chinese provinces (excluding Tibet, Hong Kong, Macau, and Taiwan) spanning the period from 2010 to 2020. It empirically examines the effect of the WRTS on WRTI using the difference-in-differences method. The results of the study show that the WRTS significantly increases the level of WRTI in the pilot region. In addition, the study explores the heterogeneity of WRTI across innovation types and administrative levels within the WRTS pilot districts. The results show that the WRTS is effective in stimulating the growth of WRTI. In addition, national-level pilot districts contribute more significantly to WRTI than provincial-level pilot districts. Overall, these findings provide valuable insights into the role of a WRTS in promoting the optimal allocation of water resources and its combined contribution to water conservation and protection. |
| format | Article |
| id | doaj-art-388e685a8f5e4976bfb18cfc4edf38ba |
| institution | OA Journals |
| issn | 1944-3986 |
| language | English |
| publishDate | 2024-01-01 |
| publisher | Elsevier |
| record_format | Article |
| series | Desalination and Water Treatment |
| spelling | doaj-art-388e685a8f5e4976bfb18cfc4edf38ba2025-08-20T02:01:15ZengElsevierDesalination and Water Treatment1944-39862024-01-0131710011210.1016/j.dwt.2024.100112Can China's water rights trading system promote water resources technological innovation?Dawei Gao0Yan Deng1Shuang Gao2Chuangbin Chen3College of Economics and Management, Zhengzhou University of Light Industry, Zhengzhou City, Henan Province 45003, ChinaCollege of Economics and Management, Zhengzhou University of Light Industry, Zhengzhou City, Henan Province 45003, ChinaSchool of Agriculture, Tokyo University of Agriculture and Technology, Fuchu City, Tokyo 183–0054, JapanBusiness School, Shantou University, Shantou City, Guangdong Province 515063, China; Correspondence to: Business School, Shantou University, No. 243, Daxue Road, Shantou, Guangdong Province, ChinaWater is an important resource that supports economic development and ecological security, and water pollution and water shortage pose a major threat to human survival. Therefore, improving the utilization of water resources and establishing a water rights trading system (WRTS) have become urgent tasks for achieving the goal of sustainable socio-economic development. Water resources technology innovation (WRTI) is an important driver of accelerating the construction of ecological civilization in China. In view of this, it is worth exploring whether a WRTS, as a market-based environmental policy targeting water conservation and water use efficiency, can promote WRTI within the framework of China's national policy of resource conservation and environmental protection. To address this question, this innovative study employs a quasi-natural experiment based on the WRTS implemented in China in 2014. The study selects panel data from 30 Chinese provinces (excluding Tibet, Hong Kong, Macau, and Taiwan) spanning the period from 2010 to 2020. It empirically examines the effect of the WRTS on WRTI using the difference-in-differences method. The results of the study show that the WRTS significantly increases the level of WRTI in the pilot region. In addition, the study explores the heterogeneity of WRTI across innovation types and administrative levels within the WRTS pilot districts. The results show that the WRTS is effective in stimulating the growth of WRTI. In addition, national-level pilot districts contribute more significantly to WRTI than provincial-level pilot districts. Overall, these findings provide valuable insights into the role of a WRTS in promoting the optimal allocation of water resources and its combined contribution to water conservation and protection.http://www.sciencedirect.com/science/article/pii/S1944398624001334Water rights trading systemWater resources technology innovationDifference-in-differences methodsHeterogeneitySustainable development goals |
| spellingShingle | Dawei Gao Yan Deng Shuang Gao Chuangbin Chen Can China's water rights trading system promote water resources technological innovation? Desalination and Water Treatment Water rights trading system Water resources technology innovation Difference-in-differences methods Heterogeneity Sustainable development goals |
| title | Can China's water rights trading system promote water resources technological innovation? |
| title_full | Can China's water rights trading system promote water resources technological innovation? |
| title_fullStr | Can China's water rights trading system promote water resources technological innovation? |
| title_full_unstemmed | Can China's water rights trading system promote water resources technological innovation? |
| title_short | Can China's water rights trading system promote water resources technological innovation? |
| title_sort | can china s water rights trading system promote water resources technological innovation |
| topic | Water rights trading system Water resources technology innovation Difference-in-differences methods Heterogeneity Sustainable development goals |
| url | http://www.sciencedirect.com/science/article/pii/S1944398624001334 |
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