How does environmental regulation influence enterprises’ total factor productivity? A quasi-natural experiment based on China’s new environmental protection law

With the growing tightening constraints of ecological environment, managing the relationship between environmental protection and economic growth has become a vital issue. This study considered China’s new environmental protection law (NEPL) as a quasi-natural experiment to evaluate the impact of environmental regulations on enterprises’ total factor productivity (TFP) in a difference in differences (DID) framework and further analyzed the...