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Background: Since 2008, China has provided ITC (investment tax credit) and TID (taxable income deduction) for firms who engage in investment or business related to reducing pollution emissions and saving energy. This paper examines both incidence and effects of these tax incentives. Methods: We...
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Severe air quality hurts human capital, posing threats to innovative outcomes. Using unique data containing 12.8 million patent applications and associated citations in China, this paper examines the causal impact of the concentrations of particulate matter with a diameter of 2.5 μm or less...
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