Economic Growth, Environmental Efficiency, and Industrial Transfer Demonstration Zones of China: A Way Forward for CPEC
DOI:
https://doi.org/10.47067/ramss.v4i2.136Keywords:
CPEC, Industrial Transfer Demonstration Zone (ITDZ), Industrial Clustering, Environmental Efficiency, Difference In DifferenceAbstract
Environmental efficiency, industrial transfer demonstration zones, and carbon transfer networks can impact the quality of the environment. This paper examines the relationship between environmental efficiency, carbon transfer networks, and national industrial transfer demonstration zones tested by utilizing some prefectural-level Chinese cities’ panel data from 2003 to 2017 through the Different-in-Difference method as way forward for China Pakistan Economic Corridor (CPEC). The results show that environmental efficiency improved with industrial transfer demonstration zones by boosting the ability to innovate, government’s expenditure on the environment, and regulatory frameworks for the environment. The findings reflect a significant increase in the GDP of the triennial industry while an insignificant decrease. Hence, to promote all-inclusive first-rate development, regional collaborative must be ensured during industrial transformation demonstration.
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