Influence of Emission-Control Areas on the Eco-Shipbuilding Industry: A Perspective of the Synthetic Control Method

Author:

Xu Lang1,Zou Zeyuan1ORCID,Liu Lin2ORCID,Xiao Guangnian3ORCID

Affiliation:

1. College of Transport & Communications, Shanghai Maritime University, Shanghai 201306, China

2. Naval Medicine Center, Naval Medicine University, Shanghai 200433, China

3. School of Economics & Management, Shanghai Maritime University, Shanghai 201306, China

Abstract

Annex VI of the International Convention for the Prevention of Pollution from Ships (MARPOL Convention), adopted in October 2008, was dedicated to addressing environmental issues caused by ships, especially in ports, inland waterways, and some sea areas with concentrated routes and high navigational density. This study utilizes a regional-level ship dataset to assess the influences of emission-control areas (ECAs) on the ecological shipbuilding industry by fitting the policy utility through the synthetic control method and testing robustness via the difference-in-differences method. The outcomes of this study show that the cumulative new orders for eco-designed ships in China, The Netherlands, Republic of Korea, the UK, and the USA increased by 3401, 81, 234, 549, and −1435, respectively, after the implementation of ECAs. Compared to the implementation of ECAs, the increases were about 32%, 20%, 41%, 66%, and −83%, respectively.

Funder

National Natural Science Foundation of China

Shanghai Soft Science Research Program

Publisher

MDPI AG

Subject

Ocean Engineering,Water Science and Technology,Civil and Structural Engineering

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