Influence of Carbon Market on High-quality Economic Development:From Market Mechanism Perspective
Based on provincial panel data from 2009-2019,we use the entropy TOPSIS method to measure the high-quali-ty economic development level of provinces and cities and adopt a continuous DID model to empirically analyze the effect of the carbon market on regional high-quality economic development.The results show that carbon price,carbon market scale,and carbon market activity all have a significant positive impact on regional high-quality economic development;in the east-ern region,regions with low industrialization and high green innovation level,the carbon market has a more prominent role in promoting high-quality economic development.Finally,it provides informative suggestions for completing a national unified carbon market and implementing high-quality economic development.
high-quality economic developmentcarbon marketentropy TOPSIS methodDID model