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报告人 郝新亚，香港城市大学能源与环境学院博士研究生。本硕毕业于山东大学商学院，主要研究方向为气候变化、能源与环境经济学，相关工作论文获ICEF2024最佳论文奖。 报告题目 高温、限电和企业绩效 报告摘要 This paper investigates the impacts of power rationing on firm performance during heat-induced power shortages and the economic rationales for the government’s power rationing strategy in a system characterized by a lack of market mechanisms and price signals. We combine panel data from Chinese firms with fine-scale meteorological data to find robust evidence that high temperatures significantly reduce firms’ electricity usage and performance. Leveraging inter-provincial hydropower dispatching and precipitation anomalies, we provide causal evidence that the decline in firms’ electricity usage is primarily driven by power rationing during high-temperature days. We further developed
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