Can Low-Carbon Policy Enhance Green Total Factor Productivity of Manufacturing Enterprises? Evidence from China’s Low-Carbon City Pilot Policy
China’s Low-Carbon City Pilot (LCCP) policy aims to drive green economic transformation, but its firm-level effects on manufacturing are underexplored. This study takes the LCCP policy as a quasi-natural experiment and employs a staggered difference-in-differences (DID) model to examine its impact on manufacturing ente...