Tong Li

Author

Staff research

Regulation, Emissions and Productivity: Evidence from China’s Eleventh Five-Year Plan

Staff working paper 2024-7 Brantly Callaway, Tong Li, Joel Rodrigue, Yuya Sasaki, Yong Tan
We study the degree to which China’s 11th Five-Year Plan softens trade-offs between emissions and output. Our model suggests efficient regulation could have further increased aggregate productivity by 3.5% and output by 4.7% without any increase in aggregate emissions.
Content Type(s): Staff research, Staff working papers JEL Code(s): C, C2, C21, D, D2, D24, Q, Q5, Q53 Research Theme(s): Monetary policy, Real economy and forecasting, Structural challenges, Climate change, Digitalization and productivity

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