Da Gao

• Doctor of Philosophy
• the fifth-level outstanding talent at Wuhan Institute of Technology

With the advance of the digital wave, g artificial intelligence generates content (AIGC) has brought transformative opportunities for the field of higher education. This paper deeply discusses the path of AIGC enabling college teachers to improve their teaching ability. AIGC provides systematic support for the improvement of teachers' teaching abil...

The advent of the digital economy era has brought profound transformations to societal development, with digital technologies such as big data, artificial intelligence, and blockchain accelerating the restructuring of the educational ecosystem. Against the backdrop of digital economic development, this paper systematically analyzes the necessity an...

The transition to renewable energy is a critical pathway for achieving low-carbon development and addressing global climate change problems. Therefore, we expand the conventional province-level energy balance table to the urban level, providing a refined assessment tool for evaluating renewable energy transition (RET). This study investigates the i...

Environmental, Social, and Governance (ESG) is highly consistent with the “Dual Carbon” goals proposed by China and has become an important indicator to measure enterprises’ high-quality development. This study explores the impact of intelligent manufacturing on corporate ESG performance and its potential mechanisms. Using the dataset of China’s A-...

Emerging climate risk perception (CRP) has drawn significant attention to its critical role in driving firms' ESG performance. We construct CRP development at the firm level employing the text analysis method. We explore the causal relationship between CRP and ESG performance using a data set covering listed firms from 2011 to 2022 in China. Our re...

As an important driving force for economic growth, digital trade provides opportunities for urban green development. Using city-level data in China from 2005 to 2020, we take the cross-border e-commerce comprehensive pilot zone (CBEC) as a policy shock to construct a spatial difference-in-difference (SDID) model, which is adapted to quantitatively...

Climate risk’s effects on society and economic development are becoming more pronounced, and enterprises have to seize the opportunity for green transformation. Based on public company data from 2011 to 2022, this study explores the causal relationship between climate risk exposure (CRE) and ESG performance by using a two-way fixed effect mode. The...

Emerging development of Fintech has raised widespread attention to its important role in shaping corporate ESG performance despite little in-depth research. We study the impact of Fintech on corporate ESG performance using a comprehensive dataset covering major China’s firms over the past decade. The Fintech development at the city level is measure...

The urgency of global climate change and environmental degradation has become increasingly apparent, and green finance, as a pioneering financial tool, is providing critical support to unlock regional green patterns. Based on the data of China’s prefecture level from 2010 to 2021, this study examines the causal relationship and mechanism of green f...

Improving corporate ESG performance is regarded as a useful means to promote low-carbon transformation. Based on executive echelon theory, this study uses textual analysis to identify the executives’ environmental background characteristics and explores the impact on the company’s ESG performance, using data on China’s A-share listed companies from...

Climate change has a significant impact on human economic and social life, and climate issues have rapidly emerged as a global hot topic. Using data from prefecture-level cities in China from 2005 to 2020 as a sample, this study explores the relationship between climate policy uncertainty (CPU) and urban green total factor energy efficiency (GTFEE)...

Improving the energy efficiency of enterprises is one of the key means to solve the problem of energy shortage. It is of great significance to investigate how environmental information disclosure (EDI) promotes the green total factor energy efficiency (GTFEE) of enterprises. Based on this, this study calculates the GTFEE of enterprises by combining...

Improving the incentive mechanism and institutional framework of green finance policy is important to promote the synchronization of environmental management and enterprise development. Based on China's green finance reform and innovation pilot (GFRIP) policy in 2017, this study constructs a quasi‐natural experiment with a sample of A‐share listed...

Promoting the development of green finance (GF) is a critical way to address the environmental and developmental problems in China. While existing studies have examined the macroscopic role of GF, few pay attention to its impact on micro-enterprises. To investigate the effect of GF on micro-enterprises, this study considers green credit as a quasi-...

Deepening the carbon market allocation reform is a strong support for carbon peaking and carbon neutrality. China has been piloting carbon trading in batches since 2013. However, there is little literature on whether and how carbon emission trading (CET) improves total factor carbon emission efficiency (TFCEE). To fill this gap, this study first ca...

As the digital economy becomes the new engine of economic growth, China has introduced a series of smart city policies aimed at promoting high-quality and sustainable urban development. This paper aims to evaluate the green development effects of China’s “Smart City Pilot” policy and to explore the heterogeneity of policy effects across different t...

The strengthening of the deep integration of innovation and green is a necessary measure for sustainable urban development. Based on the improved Global-EBM, this study regards the innovative city policy as a quasi-natural experiment and evaluates its spatial spillover effects and potential impact channels. The results show that (1) The innovative...

Faced with the challenges of increasing demand and expanding emissions, China’s mining industry is at a crucial stage of sustainable development. In the context of the new technological revolution and industrial transformation, researching how the digital economy can promote the growth of green total factor productivity (GTFP) in China’s mining ind...

The pursuit of a low-carbon transition is central to achieving green development worldwide, and China has embraced carbon emissions trading (CET) with the aim of achieving high-quality economic development. Despite its critical policy importance, the question of whether and how CET promotes carbon efficiency remains unclear. Using unique panel data...

Enhancing environmental regulation (ER) is an effective way to improve the green innovation efficiency (GIE) of the Yangtze River Economic Belt (YREB) and the key to achieving the target of carbon peaking and neutrality. Using the data of 103 cities in YREB in 2013–2019, this paper explores the effect of heterogeneous ER on GIE. The results of the...

High carbon emission efficiency is an important guarantee for achieving the goals of "carbon peaking" by 2030 and "carbon neutrality" by 2060. Based on the panel data of prefecture-level cities from 2003 to 2018, the spatial difference-in-difference model is used to empirically test the spatial spillover effect of the opening of high-speed rail (HS...

The Carbon Emissions Trading Scheme (CETS) is an important part of China’s environmental reform agenda, which aims to facilitate the green development of enterprises. Using data from listed companies from 2008 to 2020, this study adopts the CETS as a quasi-natural experiment. This study empirically examines the impact of CETS implementation on corp...

The transformation of resource-based cities has a crucial impact on the development of local manufacturing enterprises. This study aims to assess the impact of the Resource-Exhausted City Program (RECP) on the performance of manufacturing enterprises, with a particular focus on the role of policy measures. Using data on manufacturing enterprises fr...

In the pursuit of China’s environmental targets to achieve a carbon peak by 2030 and carbon neutrality by 2060, the carbon emission trading scheme (CETs) has emerged as a critical policy instrument. Since the 14th Five-Year Plan, China has been on a two-wheel drive to prevent pollution and combat climate change and proposes to fight the Blue Sky De...

Using manually constructed enterprise digital data from 2012 to 2020, this paper innovatively constructs an enterprise digitalization index to explore its impact on enterprise performance and discusses the potential channels of digitalization on enterprise performance. The findings show that (1) digitalization has a significant positive effect on f...

This study employed a difference‐in‐differences design to assess the effect of market‐based environmental regulation on green total factor energy efficiency (GTFEE) in a quasi‐natural experiment that investigated China's carbon emissions trading scheme (ETS). The empirical results show that ETS had a positive effect on GTFEE. A series of robustness...

To achieve sustainable economic development in China, it is crucial to balance economic growth and environmental protection. Financial capital and technology can contribute positively to environmental pollution control. This study employs the Cournot model to examine the impact of financial development and technological innovation on environmental...

In the post-epidemic background of the low-carbon economy and sustainable development, the low-carbon city pilot program (LCCP) is viewed as a practical method of improving energy efficiency. This study explores the spatial spillover effects of LCCP on green total factor energy efficiency (GTFEE) by developing a spatial difference-in-difference (SD...

Increasing carbon efficiency is a key path to sustainable development, and information and communication technology (ICT) may help realize a win-win situation for the economy and the environment. However, the existing literature on the impact of ICT on carbon efficiency is relatively shallow. Using a database of Chinese cities, this study empirical...

The river chief system (RCS) is an autonomous environmental policy implemented by local governments in China that incorporates environmental responsibilities into the performance evaluation. Although existing literature suggests that RCS can reduce water pollution, the impact of RCS on energy efficiency has not been assessed. Therefore, this paper...

This paper considers the problem of detecting short explosive bubbles in financial data. Based on the backward sup Dickey-Fuller (BSDF), we propose a modified version of BSDF, namely mBSDF. We define the dating statistics by adding a modified term to the BSDF, enhancing the bubble emergence signal. We demonstrate the asymptotic distribution and the...

Low-carbon city (LCC) pilot is a strategic policy to deal with global climate change and energy poverty. Using the city-level data from 2006 to 2019, this paper applies a multiple difference-in-difference (DID) analysis to explore the impact of LCC policy on urban green total factor energy efficiency(GTFEE) and its potential mechanism. The results...

China, the world’s largest carbon emitter, urgently needs to improve its carbon emissions efficiency. This study analyzes the impact of tax policy on total factor carbon emission efficiency (TFCEE). Using the Value Added Tax (VAT) reform in China as an exogenous shock and undesirable-SBM model to measure the total factor carbon emission efficiency...

The rapid development of digital finance has delivered significant benefits, such as sustainable development and economic growth. We explore the relationship between digital finance and green total factor energy efficiency (GTFEE) for the first time, filling a gap in the existing literature. This paper uses dynamic panel models to explore digital f...

We construct and assess new time series measures of news media sentiment based on Global Data on Events, Location, and Tone (GDELT) using Data Science techniques. Five sentiment measures representing the news media Tone, Optimism, Attention, Tone Dispersion, and Emotional Polarity of Chinese stock markets are constructed based on article tone score...

创新与绿色是新时代促进经济发展的两大重要引擎，创新的环境规制政策是解决环境和经济矛盾的 重要手段。本文以首轮中央环保督察行动为准自然实验，运用多期双重差分模型考察其对企业绿色创新的 影响。结果表明: 第一，中央环保督察行动对企业的创新补偿效应大于遵循成本效应，提高了污染密集型行 业企业的绿色创新水平，且对绿色发明专利的正向影响大于绿色实用新型专利。该结论在一系列稳健性检 验下仍然成立。第二，政策模仿效应不存在，企业主要通过增加环保投资等方式提升绿色创新水平，减少督 察行动带来的成本压力。第三，环境规制较弱地区企业对中央环保督察敏感性更高，政策的创新补偿效应更 强。第四，督察行动显著增加了国有企业的绿色发明专利申请量，但对绿色实用新型专利申请量影响较小， 非国有企业情况相反

Green development is a strategy for China’s sustainable economic growth, and improving green total factor energy efficiency (GTFEE) is the key to achieving the dual goals of energy conservation, emission reduction, and economic development. This paper takes panel data of 267 prefecture-level cities in China from 2004 to 2019 as samples to explore h...

To achieve the twin goals of “stable growth” and “environmental protection”, it is necessary to promote green innovation in firms and green transformation of the economy. This paper regards China’s Green Credit Guidelines policy in 2012 as a quasi-natural experiment to explore the impact of the policy on the green innovation of heavy-polluting firm...

The “Digital China” strategy is changing China's economic development model, and China is gradually shifting from pursuing rapid economic growth to high-quality economic development quality. This paper constructs China's urban information and communication technology (ICT) comprehensive development index and then innovatively undertakes the impact...

Energy efficiency is the key to green development, and the government plays a vital role in energy efficiency. This paper clarifies the mechanism by which the Yangtze River Delta Economic Coordination Committee affects the energy efficiency of urban agglomeration by promoting market integration. Based on panel data of China's prefecture-level citie...

Sustainability is a strategic choice for the transition to a green economy in China. Improving green total factor energy efficiency (GTFEE) is the key to realizing the dual targets of energy-saving and economic growth. This paper empirically tests the nonlinear effects of environmental regulation on technical innovation affecting GTFEE by using pan...

This paper treats the Water Ecological Civilisation City Pilot (WECCP) policy as a quasi-natural experiment, and integrates environmental regulation, pollution reduction and green innovation into a unified analytical framework. Based on the pollution emission index and green patent data for 283 Chinese cities from 2010 to 2018, we examine the impac...

Sustainability is a strategic choice for the transition to a green economy in China. Improving green total factor energy efficiency (GTFEE) is the key to realizing the dual targets of energy saving and economic growth. This paper assesses the nonlinear influence of environmental regulation (ER) on technical innovation (TI) affecting GTFEE by establ...

This paper evaluates the real effects of pollution charges reform on [Formula: see text] emissions at the city level. Using the establishment of Comprehensive Work Plan for Energy Conservation and Emission Reduction (The Plan) in China as a quasi-natural experiment, our difference-in-differences estimation shows that: (1) increasing pollution charg...