id	sid	tid	token	lemma	pos
fbem-9859	1	1	frontiers	frontier	NOUN
fbem-9859	1	2	in	in	ADP
fbem-9859	1	3	business	business	NOUN
fbem-9859	1	4	,	,	PUNCT
fbem-9859	1	5	economics	economic	NOUN
fbem-9859	1	6	and	and	CCONJ
fbem-9859	1	7	management	management	NOUN
fbem-9859	1	8	issn	issn	PROPN
fbem-9859	1	9	:	:	PUNCT
fbem-9859	1	10	2766	2766	NUM
fbem-9859	1	11	-	-	PUNCT
fbem-9859	1	12	824x	824x	NUM
fbem-9859	1	13	|	|	ADJ
fbem-9859	1	14	vol	vol	NOUN
fbem-9859	1	15	.	.	PROPN
fbem-9859	2	1	10	10	NUM
fbem-9859	2	2	,	,	PUNCT
fbem-9859	2	3	no	no	INTJ
fbem-9859	2	4	.	.	NOUN
fbem-9859	2	5	1	1	NUM
fbem-9859	2	6	,	,	PUNCT
fbem-9859	2	7	2023	2023	NUM
fbem-9859	2	8	38	38	NUM
fbem-9859	2	9	carbon	carbon	NOUN
fbem-9859	2	10	emissions	emission	NOUN
fbem-9859	2	11	trading	trading	NOUN
fbem-9859	2	12	and	and	CCONJ
fbem-9859	2	13	corporate	corporate	ADJ
fbem-9859	2	14	green	green	ADJ
fbem-9859	2	15	technology	technology	NOUN
fbem-9859	2	16	innovation	innovation	NOUN
fbem-9859	2	17	-empirical	-empirical	ADJ
fbem-9859	2	18	evidence	evidence	NOUN
fbem-9859	2	19	from	from	ADP
fbem-9859	2	20	chinese	chinese	ADJ
fbem-9859	2	21	listed	list	VERB
fbem-9859	2	22	companies	company	NOUN
fbem-9859	2	23	cheng	cheng	PROPN
fbem-9859	2	24	fu1	fu1	PROPN
fbem-9859	2	25	,	,	PUNCT
fbem-9859	2	26	a	a	DET
fbem-9859	2	27	1school	1school	NUM
fbem-9859	2	28	of	of	ADP
fbem-9859	2	29	business	business	NOUN
fbem-9859	2	30	,	,	PUNCT
fbem-9859	2	31	central	central	ADJ
fbem-9859	2	32	south	south	PROPN
fbem-9859	2	33	university	university	PROPN
fbem-9859	2	34	,	,	PUNCT
fbem-9859	2	35	hunan	hunan	PROPN
fbem-9859	2	36	,	,	PUNCT
fbem-9859	2	37	410083	410083	NUM
fbem-9859	2	38	,	,	PUNCT
fbem-9859	2	39	china	china	PROPN
fbem-9859	2	40	afionafu2002@163.com	afionafu2002@163.com	X
fbem-9859	3	1	abstract	abstract	ADJ
fbem-9859	3	2	:	:	PUNCT
fbem-9859	3	3	green	green	ADJ
fbem-9859	3	4	technology	technology	NOUN
fbem-9859	3	5	innovation	innovation	NOUN
fbem-9859	3	6	is	be	AUX
fbem-9859	3	7	the	the	DET
fbem-9859	3	8	cornerstone	cornerstone	NOUN
fbem-9859	3	9	of	of	ADP
fbem-9859	3	10	achieving	achieve	VERB
fbem-9859	3	11	green	green	ADJ
fbem-9859	3	12	and	and	CCONJ
fbem-9859	3	13	high	high	ADJ
fbem-9859	3	14	-	-	PUNCT
fbem-9859	3	15	quality	quality	NOUN
fbem-9859	3	16	development	development	NOUN
fbem-9859	3	17	and	and	CCONJ
fbem-9859	3	18	an	an	DET
fbem-9859	3	19	important	important	ADJ
fbem-9859	3	20	guarantee	guarantee	NOUN
fbem-9859	3	21	for	for	SCONJ
fbem-9859	3	22	china	china	PROPN
fbem-9859	3	23	to	to	PART
fbem-9859	3	24	achieve	achieve	VERB
fbem-9859	3	25	the	the	DET
fbem-9859	3	26	goals	goal	NOUN
fbem-9859	3	27	of	of	ADP
fbem-9859	3	28	"	"	PUNCT
fbem-9859	3	29	carbon	carbon	NOUN
fbem-9859	3	30	neutrality	neutrality	NOUN
fbem-9859	3	31	"	"	PUNCT
fbem-9859	3	32	and	and	CCONJ
fbem-9859	3	33	"	"	PUNCT
fbem-9859	3	34	carbon	carbon	NOUN
fbem-9859	3	35	emission	emission	NOUN
fbem-9859	3	36	reduction	reduction	NOUN
fbem-9859	3	37	"	"	PUNCT
fbem-9859	3	38	.	.	PUNCT
fbem-9859	4	1	as	as	ADP
fbem-9859	4	2	a	a	DET
fbem-9859	4	3	market	market	NOUN
fbem-9859	4	4	-	-	PUNCT
fbem-9859	4	5	oriented	orient	VERB
fbem-9859	4	6	environmental	environmental	ADJ
fbem-9859	4	7	policy	policy	NOUN
fbem-9859	4	8	,	,	PUNCT
fbem-9859	4	9	the	the	DET
fbem-9859	4	10	carbon	carbon	NOUN
fbem-9859	4	11	emission	emission	NOUN
fbem-9859	4	12	trading	trading	NOUN
fbem-9859	4	13	policy	policy	NOUN
fbem-9859	4	14	can	can	AUX
fbem-9859	4	15	affect	affect	VERB
fbem-9859	4	16	the	the	DET
fbem-9859	4	17	behavior	behavior	NOUN
fbem-9859	4	18	of	of	ADP
fbem-9859	4	19	enterprises	enterprise	NOUN
fbem-9859	4	20	,	,	PUNCT
fbem-9859	4	21	and	and	CCONJ
fbem-9859	4	22	its	its	PRON
fbem-9859	4	23	impact	impact	NOUN
fbem-9859	4	24	on	on	ADP
fbem-9859	4	25	green	green	ADJ
fbem-9859	4	26	technology	technology	NOUN
fbem-9859	4	27	innovation	innovation	NOUN
fbem-9859	4	28	of	of	ADP
fbem-9859	4	29	enterprises	enterprise	NOUN
fbem-9859	4	30	deserves	deserve	VERB
fbem-9859	4	31	in	in	ADP
fbem-9859	4	32	-	-	PUNCT
fbem-9859	4	33	depth	depth	NOUN
fbem-9859	4	34	study	study	NOUN
fbem-9859	4	35	.	.	PUNCT
fbem-9859	5	1	based	base	VERB
fbem-9859	5	2	on	on	ADP
fbem-9859	5	3	the	the	DET
fbem-9859	5	4	green	green	PROPN
fbem-9859	5	5	patent	patent	NOUN
fbem-9859	5	6	data	datum	NOUN
fbem-9859	5	7	of	of	ADP
fbem-9859	5	8	a	a	DET
fbem-9859	5	9	-	-	PUNCT
fbem-9859	5	10	share	share	NOUN
fbem-9859	5	11	listed	list	VERB
fbem-9859	5	12	companies	company	NOUN
fbem-9859	5	13	from	from	ADP
fbem-9859	5	14	2008	2008	NUM
fbem-9859	5	15	to	to	ADP
fbem-9859	5	16	2021	2021	NUM
fbem-9859	5	17	,	,	PUNCT
fbem-9859	5	18	taking	take	VERB
fbem-9859	5	19	the	the	DET
fbem-9859	5	20	carbon	carbon	NOUN
fbem-9859	5	21	trading	trading	NOUN
fbem-9859	5	22	pilot	pilot	NOUN
fbem-9859	5	23	policy	policy	NOUN
fbem-9859	5	24	as	as	ADP
fbem-9859	5	25	a	a	DET
fbem-9859	5	26	quasi	quasi	ADJ
fbem-9859	5	27	-	-	ADJ
fbem-9859	5	28	natural	natural	ADJ
fbem-9859	5	29	experiment	experiment	NOUN
fbem-9859	5	30	,	,	PUNCT
fbem-9859	5	31	this	this	DET
fbem-9859	5	32	paper	paper	NOUN
fbem-9859	5	33	establishes	establish	VERB
fbem-9859	5	34	a	a	DET
fbem-9859	5	35	multi	multi	ADJ
fbem-9859	5	36	-	-	ADJ
fbem-9859	5	37	point	point	ADJ
fbem-9859	5	38	differencein	differencein	ADJ
fbem-9859	5	39	-	-	PUNCT
fbem-9859	5	40	differences	difference	NOUN
fbem-9859	5	41	model	model	NOUN
fbem-9859	5	42	to	to	PART
fbem-9859	5	43	explore	explore	VERB
fbem-9859	5	44	the	the	DET
fbem-9859	5	45	impact	impact	NOUN
fbem-9859	5	46	of	of	ADP
fbem-9859	5	47	carbon	carbon	NOUN
fbem-9859	5	48	trading	trading	NOUN
fbem-9859	5	49	policy	policy	NOUN
fbem-9859	5	50	on	on	ADP
fbem-9859	5	51	green	green	ADJ
fbem-9859	5	52	technology	technology	NOUN
fbem-9859	5	53	innovation	innovation	NOUN
fbem-9859	5	54	of	of	ADP
fbem-9859	5	55	enterprises	enterprise	NOUN
fbem-9859	5	56	and	and	CCONJ
fbem-9859	5	57	discusses	discuss	VERB
fbem-9859	5	58	the	the	DET
fbem-9859	5	59	regulatory	regulatory	ADJ
fbem-9859	5	60	role	role	NOUN
fbem-9859	5	61	from	from	ADP
fbem-9859	5	62	the	the	DET
fbem-9859	5	63	perspective	perspective	NOUN
fbem-9859	5	64	of	of	ADP
fbem-9859	5	65	the	the	DET
fbem-9859	5	66	carbon	carbon	NOUN
fbem-9859	5	67	price	price	NOUN
fbem-9859	5	68	,	,	PUNCT
fbem-9859	5	69	carbon	carbon	NOUN
fbem-9859	5	70	market	market	NOUN
fbem-9859	5	71	liquidity	liquidity	NOUN
fbem-9859	5	72	,	,	PUNCT
fbem-9859	5	73	and	and	CCONJ
fbem-9859	5	74	carbon	carbon	NOUN
fbem-9859	5	75	market	market	NOUN
fbem-9859	5	76	size	size	NOUN
fbem-9859	5	77	.	.	PUNCT
fbem-9859	6	1	finally	finally	ADV
fbem-9859	6	2	,	,	PUNCT
fbem-9859	6	3	we	we	PRON
fbem-9859	6	4	also	also	ADV
fbem-9859	6	5	conduct	conduct	VERB
fbem-9859	6	6	a	a	DET
fbem-9859	6	7	heterogeneity	heterogeneity	NOUN
fbem-9859	6	8	analysis	analysis	NOUN
fbem-9859	6	9	based	base	VERB
fbem-9859	6	10	on	on	ADP
fbem-9859	6	11	the	the	DET
fbem-9859	6	12	differences	difference	NOUN
fbem-9859	6	13	in	in	ADP
fbem-9859	6	14	the	the	DET
fbem-9859	6	15	micro	micro	NOUN
fbem-9859	6	16	-	-	NOUN
fbem-9859	6	17	characteristics	characteristic	NOUN
fbem-9859	6	18	of	of	ADP
fbem-9859	6	19	enterprises	enterprise	NOUN
fbem-9859	6	20	.	.	PUNCT
fbem-9859	7	1	the	the	DET
fbem-9859	7	2	results	result	NOUN
fbem-9859	7	3	show	show	VERB
fbem-9859	7	4	that	that	SCONJ
fbem-9859	7	5	the	the	DET
fbem-9859	7	6	carbon	carbon	NOUN
fbem-9859	7	7	trading	trading	NOUN
fbem-9859	7	8	policy	policy	NOUN
fbem-9859	7	9	significantly	significantly	ADV
fbem-9859	7	10	promotes	promote	VERB
fbem-9859	7	11	the	the	DET
fbem-9859	7	12	green	green	PROPN
fbem-9859	7	13	technology	technology	NOUN
fbem-9859	7	14	innovation	innovation	NOUN
fbem-9859	7	15	activities	activity	NOUN
fbem-9859	7	16	of	of	ADP
fbem-9859	7	17	enterprises	enterprise	NOUN
fbem-9859	7	18	;	;	PUNCT
fbem-9859	7	19	the	the	DET
fbem-9859	7	20	role	role	NOUN
fbem-9859	7	21	of	of	ADP
fbem-9859	7	22	carbon	carbon	NOUN
fbem-9859	7	23	emission	emission	NOUN
fbem-9859	7	24	rights	right	NOUN
fbem-9859	7	25	in	in	ADP
fbem-9859	7	26	facilitating	facilitate	VERB
fbem-9859	7	27	enterprises	enterprise	NOUN
fbem-9859	7	28	to	to	PART
fbem-9859	7	29	expand	expand	VERB
fbem-9859	7	30	their	their	PRON
fbem-9859	7	31	green	green	ADJ
fbem-9859	7	32	technology	technology	NOUN
fbem-9859	7	33	innovation	innovation	NOUN
fbem-9859	7	34	is	be	AUX
fbem-9859	7	35	stronger	strong	ADJ
fbem-9859	7	36	for	for	ADP
fbem-9859	7	37	those	those	PRON
fbem-9859	7	38	with	with	ADP
fbem-9859	7	39	higher	high	ADJ
fbem-9859	7	40	carbon	carbon	NOUN
fbem-9859	7	41	price	price	NOUN
fbem-9859	7	42	,	,	PUNCT
fbem-9859	7	43	as	as	ADV
fbem-9859	7	44	well	well	ADV
fbem-9859	7	45	as	as	ADP
fbem-9859	7	46	larger	large	ADJ
fbem-9859	7	47	carbon	carbon	NOUN
fbem-9859	7	48	trading	trading	NOUN
fbem-9859	7	49	scale	scale	NOUN
fbem-9859	7	50	.	.	PUNCT
fbem-9859	8	1	the	the	DET
fbem-9859	8	2	market	market	NOUN
fbem-9859	8	3	mechanism	mechanism	NOUN
fbem-9859	8	4	measured	measure	VERB
fbem-9859	8	5	by	by	ADP
fbem-9859	8	6	the	the	DET
fbem-9859	8	7	liquidity	liquidity	NOUN
fbem-9859	8	8	of	of	ADP
fbem-9859	8	9	the	the	DET
fbem-9859	8	10	carbon	carbon	NOUN
fbem-9859	8	11	market	market	NOUN
fbem-9859	8	12	partially	partially	ADV
fbem-9859	8	13	explains	explain	VERB
fbem-9859	8	14	the	the	DET
fbem-9859	8	15	promotion	promotion	NOUN
fbem-9859	8	16	role	role	NOUN
fbem-9859	8	17	of	of	ADP
fbem-9859	8	18	green	green	ADJ
fbem-9859	8	19	technology	technology	NOUN
fbem-9859	8	20	innovation	innovation	NOUN
fbem-9859	8	21	.	.	PUNCT
fbem-9859	9	1	further	further	ADJ
fbem-9859	9	2	heterogeneity	heterogeneity	NOUN
fbem-9859	9	3	analysis	analysis	NOUN
fbem-9859	9	4	shows	show	VERB
fbem-9859	9	5	that	that	SCONJ
fbem-9859	9	6	the	the	DET
fbem-9859	9	7	promotion	promotion	NOUN
fbem-9859	9	8	effect	effect	NOUN
fbem-9859	9	9	of	of	ADP
fbem-9859	9	10	carbon	carbon	NOUN
fbem-9859	9	11	trading	trading	NOUN
fbem-9859	9	12	policy	policy	NOUN
fbem-9859	9	13	on	on	ADP
fbem-9859	9	14	green	green	ADJ
fbem-9859	9	15	technology	technology	NOUN
fbem-9859	9	16	innovation	innovation	NOUN
fbem-9859	9	17	is	be	AUX
fbem-9859	9	18	mainly	mainly	ADV
fbem-9859	9	19	reflected	reflect	VERB
fbem-9859	9	20	in	in	ADP
fbem-9859	9	21	non	non	ADJ
fbem-9859	9	22	-	-	ADJ
fbem-9859	9	23	high	high	ADJ
fbem-9859	9	24	-	-	PUNCT
fbem-9859	9	25	tech	tech	NOUN
fbem-9859	9	26	enterprises	enterprise	NOUN
fbem-9859	9	27	,	,	PUNCT
fbem-9859	9	28	low	low	ADJ
fbem-9859	9	29	-	-	PUNCT
fbem-9859	9	30	carbon	carbon	NOUN
fbem-9859	9	31	enterprises	enterprise	NOUN
fbem-9859	9	32	,	,	PUNCT
fbem-9859	9	33	and	and	CCONJ
fbem-9859	9	34	enterprises	enterprise	NOUN
fbem-9859	9	35	with	with	ADP
fbem-9859	9	36	high	high	ADJ
fbem-9859	9	37	internal	internal	ADJ
fbem-9859	9	38	control	control	NOUN
fbem-9859	9	39	quality	quality	NOUN
fbem-9859	9	40	.	.	PUNCT
fbem-9859	10	1	therefore	therefore	ADV
fbem-9859	10	2	,	,	PUNCT
fbem-9859	10	3	we	we	PRON
fbem-9859	10	4	should	should	AUX
fbem-9859	10	5	give	give	VERB
fbem-9859	10	6	play	play	NOUN
fbem-9859	10	7	to	to	ADP
fbem-9859	10	8	the	the	DET
fbem-9859	10	9	incentive	incentive	ADJ
fbem-9859	10	10	role	role	NOUN
fbem-9859	10	11	of	of	ADP
fbem-9859	10	12	the	the	DET
fbem-9859	10	13	carbon	carbon	NOUN
fbem-9859	10	14	price	price	NOUN
fbem-9859	10	15	and	and	CCONJ
fbem-9859	10	16	carbon	carbon	NOUN
fbem-9859	10	17	trading	trading	NOUN
fbem-9859	10	18	scale	scale	NOUN
fbem-9859	10	19	,	,	PUNCT
fbem-9859	10	20	optimize	optimize	VERB
fbem-9859	10	21	the	the	DET
fbem-9859	10	22	design	design	NOUN
fbem-9859	10	23	of	of	ADP
fbem-9859	10	24	the	the	DET
fbem-9859	10	25	carbon	carbon	NOUN
fbem-9859	10	26	market	market	NOUN
fbem-9859	10	27	system	system	NOUN
fbem-9859	10	28	,	,	PUNCT
fbem-9859	10	29	provide	provide	VERB
fbem-9859	10	30	targeted	target	VERB
fbem-9859	10	31	green	green	ADJ
fbem-9859	10	32	innovation	innovation	NOUN
fbem-9859	10	33	support	support	NOUN
fbem-9859	10	34	for	for	ADP
fbem-9859	10	35	enterprises	enterprise	NOUN
fbem-9859	10	36	,	,	PUNCT
fbem-9859	10	37	and	and	CCONJ
fbem-9859	10	38	help	help	VERB
fbem-9859	10	39	to	to	PART
fbem-9859	10	40	achieve	achieve	VERB
fbem-9859	10	41	carbon	carbon	NOUN
fbem-9859	10	42	emission	emission	NOUN
fbem-9859	10	43	reduction	reduction	NOUN
fbem-9859	10	44	and	and	CCONJ
fbem-9859	10	45	green	green	ADJ
fbem-9859	10	46	high	high	ADJ
fbem-9859	10	47	-	-	PUNCT
fbem-9859	10	48	quality	quality	NOUN
fbem-9859	10	49	development	development	NOUN
fbem-9859	10	50	.	.	PUNCT
fbem-9859	11	1	keywords	keyword	NOUN
fbem-9859	11	2	:	:	PUNCT
fbem-9859	11	3	carbon	carbon	NOUN
fbem-9859	11	4	emission	emission	NOUN
fbem-9859	11	5	trading	trading	NOUN
fbem-9859	11	6	,	,	PUNCT
fbem-9859	11	7	green	green	ADJ
fbem-9859	11	8	technology	technology	NOUN
fbem-9859	11	9	innovation	innovation	NOUN
fbem-9859	11	10	,	,	PUNCT
fbem-9859	11	11	carbon	carbon	NOUN
fbem-9859	11	12	price	price	NOUN
fbem-9859	11	13	,	,	PUNCT
fbem-9859	11	14	carbon	carbon	NOUN
fbem-9859	11	15	market	market	NOUN
fbem-9859	11	16	liquidity	liquidity	NOUN
fbem-9859	11	17	,	,	PUNCT
fbem-9859	11	18	carbon	carbon	NOUN
fbem-9859	11	19	trading	trading	NOUN
fbem-9859	11	20	scale	scale	NOUN
fbem-9859	11	21	.	.	PUNCT
fbem-9859	12	1	1	1	X
fbem-9859	12	2	.	.	X
fbem-9859	12	3	introduction	introduction	NOUN
fbem-9859	12	4	climate	climate	NOUN
fbem-9859	12	5	issues	issue	NOUN
fbem-9859	12	6	,	,	PUNCT
fbem-9859	12	7	especially	especially	ADV
fbem-9859	12	8	global	global	ADJ
fbem-9859	12	9	warming	warming	NOUN
fbem-9859	12	10	caused	cause	VERB
fbem-9859	12	11	by	by	ADP
fbem-9859	12	12	greenhouse	greenhouse	NOUN
fbem-9859	12	13	gases	gas	NOUN
fbem-9859	12	14	,	,	PUNCT
fbem-9859	12	15	have	have	AUX
fbem-9859	12	16	become	become	VERB
fbem-9859	12	17	critical	critical	ADJ
fbem-9859	12	18	to	to	ADP
fbem-9859	12	19	human	human	ADJ
fbem-9859	12	20	survival	survival	NOUN
fbem-9859	12	21	and	and	CCONJ
fbem-9859	12	22	development	development	NOUN
fbem-9859	12	23	,	,	PUNCT
fbem-9859	12	24	posing	pose	VERB
fbem-9859	12	25	a	a	DET
fbem-9859	12	26	great	great	ADJ
fbem-9859	12	27	threat	threat	NOUN
fbem-9859	12	28	to	to	ADP
fbem-9859	12	29	the	the	DET
fbem-9859	12	30	sustainable	sustainable	ADJ
fbem-9859	12	31	development	development	NOUN
fbem-9859	12	32	of	of	ADP
fbem-9859	12	33	the	the	DET
fbem-9859	12	34	global	global	ADJ
fbem-9859	12	35	economy	economy	NOUN
fbem-9859	12	36	.	.	PUNCT
fbem-9859	13	1	in	in	ADP
fbem-9859	13	2	recent	recent	ADJ
fbem-9859	13	3	years	year	NOUN
fbem-9859	13	4	,	,	PUNCT
fbem-9859	13	5	marketincentivized	marketincentivize	VERB
fbem-9859	13	6	environmental	environmental	ADJ
fbem-9859	13	7	regulation	regulation	NOUN
fbem-9859	13	8	measures	measure	NOUN
fbem-9859	13	9	have	have	AUX
fbem-9859	13	10	received	receive	VERB
fbem-9859	13	11	increasing	increase	VERB
fbem-9859	13	12	attention	attention	NOUN
fbem-9859	13	13	.	.	PUNCT
fbem-9859	14	1	since	since	SCONJ
fbem-9859	14	2	the	the	DET
fbem-9859	14	3	introduction	introduction	NOUN
fbem-9859	14	4	of	of	ADP
fbem-9859	14	5	the	the	DET
fbem-9859	14	6	kyoto	kyoto	PROPN
fbem-9859	14	7	protocol	protocol	NOUN
fbem-9859	14	8	,	,	PUNCT
fbem-9859	14	9	carbon	carbon	NOUN
fbem-9859	14	10	trading	trading	NOUN
fbem-9859	14	11	mechanisms	mechanism	NOUN
fbem-9859	14	12	have	have	AUX
fbem-9859	14	13	been	be	AUX
fbem-9859	14	14	implemented	implement	VERB
fbem-9859	14	15	in	in	ADP
fbem-9859	14	16	several	several	ADJ
fbem-9859	14	17	countries	country	NOUN
fbem-9859	14	18	(	(	PUNCT
fbem-9859	14	19	wang	wang	PROPN
fbem-9859	14	20	et	et	PROPN
fbem-9859	14	21	al	al	PROPN
fbem-9859	14	22	.	.	PROPN
fbem-9859	14	23	,	,	PUNCT
fbem-9859	14	24	2011	2011	NUM
fbem-9859	14	25	)	)	PUNCT
fbem-9859	14	26	.	.	PUNCT
fbem-9859	15	1	for	for	ADP
fbem-9859	15	2	example	example	NOUN
fbem-9859	15	3	,	,	PUNCT
fbem-9859	15	4	the	the	DET
fbem-9859	15	5	european	european	PROPN
fbem-9859	15	6	union	union	PROPN
fbem-9859	15	7	developed	develop	VERB
fbem-9859	15	8	a	a	DET
fbem-9859	15	9	carbon	carbon	NOUN
fbem-9859	15	10	trading	trading	NOUN
fbem-9859	15	11	mechanism	mechanism	NOUN
fbem-9859	15	12	and	and	CCONJ
fbem-9859	15	13	a	a	DET
fbem-9859	15	14	low	low	ADJ
fbem-9859	15	15	-	-	PUNCT
fbem-9859	15	16	carbon	carbon	NOUN
fbem-9859	15	17	economy	economy	NOUN
fbem-9859	15	18	,	,	PUNCT
fbem-9859	15	19	and	and	CCONJ
fbem-9859	15	20	the	the	DET
fbem-9859	15	21	carbon	carbon	NOUN
fbem-9859	15	22	capand	capand	NOUN
fbem-9859	15	23	-	-	PUNCT
fbem-9859	15	24	trade	trade	NOUN
fbem-9859	15	25	mechanism	mechanism	NOUN
fbem-9859	15	26	in	in	ADP
fbem-9859	15	27	the	the	DET
fbem-9859	15	28	u.s	u.s	PROPN
fbem-9859	15	29	.	.	PROPN
fbem-9859	15	30	was	be	AUX
fbem-9859	15	31	first	first	ADV
fbem-9859	15	32	implemented	implement	VERB
fbem-9859	15	33	in	in	ADP
fbem-9859	15	34	chicago	chicago	PROPN
fbem-9859	15	35	,	,	PUNCT
fbem-9859	15	36	followed	follow	VERB
fbem-9859	15	37	by	by	ADP
fbem-9859	15	38	the	the	DET
fbem-9859	15	39	establishment	establishment	NOUN
fbem-9859	15	40	of	of	ADP
fbem-9859	15	41	state	state	NOUN
fbem-9859	15	42	-	-	PUNCT
fbem-9859	15	43	level	level	NOUN
fbem-9859	15	44	carbon	carbon	NOUN
fbem-9859	15	45	trading	trading	NOUN
fbem-9859	15	46	markets	market	NOUN
fbem-9859	15	47	.	.	PUNCT
fbem-9859	16	1	in	in	ADP
fbem-9859	16	2	2011	2011	NUM
fbem-9859	16	3	,	,	PUNCT
fbem-9859	16	4	china	china	PROPN
fbem-9859	16	5	also	also	ADV
fbem-9859	16	6	announced	announce	VERB
fbem-9859	16	7	carbon	carbon	NOUN
fbem-9859	16	8	emissions	emission	NOUN
fbem-9859	16	9	trading	trading	NOUN
fbem-9859	16	10	pilots	pilot	NOUN
fbem-9859	16	11	in	in	ADP
fbem-9859	16	12	seven	seven	NUM
fbem-9859	16	13	provinces	province	NOUN
fbem-9859	16	14	and	and	CCONJ
fbem-9859	16	15	cities	city	NOUN
fbem-9859	16	16	,	,	PUNCT
fbem-9859	16	17	including	include	VERB
fbem-9859	16	18	beijing	beijing	PROPN
fbem-9859	16	19	,	,	PUNCT
fbem-9859	16	20	shanghai	shanghai	PROPN
fbem-9859	16	21	,	,	PUNCT
fbem-9859	16	22	tianjin	tianjin	PROPN
fbem-9859	16	23	,	,	PUNCT
fbem-9859	16	24	chongqing	chongqing	PROPN
fbem-9859	16	25	,	,	PUNCT
fbem-9859	16	26	guangdong	guangdong	PROPN
fbem-9859	16	27	,	,	PUNCT
fbem-9859	16	28	hubei	hubei	PROPN
fbem-9859	16	29	,	,	PUNCT
fbem-9859	16	30	and	and	CCONJ
fbem-9859	16	31	shenzhen	shenzhen	PROPN
fbem-9859	16	32	,	,	PUNCT
fbem-9859	16	33	and	and	CCONJ
fbem-9859	16	34	officially	officially	ADV
fbem-9859	16	35	launched	launch	VERB
fbem-9859	16	36	the	the	DET
fbem-9859	16	37	first	first	ADJ
fbem-9859	16	38	carbon	carbon	NOUN
fbem-9859	16	39	trading	trading	NOUN
fbem-9859	16	40	pilot	pilot	NOUN
fbem-9859	16	41	in	in	ADP
fbem-9859	16	42	2013	2013	NUM
fbem-9859	16	43	.	.	PUNCT
fbem-9859	17	1	at	at	ADP
fbem-9859	17	2	present	present	ADJ
fbem-9859	17	3	,	,	PUNCT
fbem-9859	17	4	china	china	PROPN
fbem-9859	17	5	's	's	PART
fbem-9859	17	6	carbon	carbon	NOUN
fbem-9859	17	7	market	market	NOUN
fbem-9859	17	8	has	have	AUX
fbem-9859	17	9	covered	cover	VERB
fbem-9859	17	10	more	more	ADJ
fbem-9859	17	11	than	than	ADP
fbem-9859	17	12	twenty	twenty	NUM
fbem-9859	17	13	industries	industry	NOUN
fbem-9859	17	14	such	such	ADJ
fbem-9859	17	15	as	as	ADP
fbem-9859	17	16	electricity	electricity	NOUN
fbem-9859	17	17	,	,	PUNCT
fbem-9859	17	18	cement	cement	NOUN
fbem-9859	17	19	,	,	PUNCT
fbem-9859	17	20	and	and	CCONJ
fbem-9859	17	21	steel	steel	NOUN
fbem-9859	17	22	.	.	PUNCT
fbem-9859	18	1	a	a	DET
fbem-9859	18	2	growing	grow	VERB
fbem-9859	18	3	number	number	NOUN
fbem-9859	18	4	of	of	ADP
fbem-9859	18	5	empirical	empirical	ADJ
fbem-9859	18	6	studies	study	NOUN
fbem-9859	18	7	have	have	AUX
fbem-9859	18	8	shown	show	VERB
fbem-9859	18	9	that	that	SCONJ
fbem-9859	18	10	carbon	carbon	NOUN
fbem-9859	18	11	markets	market	NOUN
fbem-9859	18	12	have	have	VERB
fbem-9859	18	13	great	great	ADJ
fbem-9859	18	14	potential	potential	NOUN
fbem-9859	18	15	to	to	PART
fbem-9859	18	16	promote	promote	VERB
fbem-9859	18	17	industrial	industrial	ADJ
fbem-9859	18	18	structure	structure	NOUN
fbem-9859	18	19	upgrading	upgrading	NOUN
fbem-9859	18	20	and	and	CCONJ
fbem-9859	18	21	carbon	carbon	NOUN
fbem-9859	18	22	emission	emission	NOUN
fbem-9859	18	23	reduction	reduction	NOUN
fbem-9859	18	24	(	(	PUNCT
fbem-9859	18	25	jiang	jiang	PROPN
fbem-9859	18	26	et	et	PROPN
fbem-9859	18	27	al	al	PROPN
fbem-9859	18	28	.	.	PROPN
fbem-9859	18	29	,	,	PUNCT
fbem-9859	18	30	2021	2021	NUM
fbem-9859	18	31	)	)	PUNCT
fbem-9859	18	32	,	,	PUNCT
fbem-9859	18	33	and	and	CCONJ
fbem-9859	18	34	thus	thus	ADV
fbem-9859	18	35	the	the	DET
fbem-9859	18	36	carbon	carbon	NOUN
fbem-9859	18	37	emissions	emission	NOUN
fbem-9859	18	38	trading	trading	NOUN
fbem-9859	18	39	pilot	pilot	NOUN
fbem-9859	18	40	has	have	AUX
fbem-9859	18	41	achieved	achieve	VERB
fbem-9859	18	42	the	the	DET
fbem-9859	18	43	expected	expect	VERB
fbem-9859	18	44	results	result	NOUN
fbem-9859	18	45	.	.	PUNCT
fbem-9859	19	1	in	in	ADP
fbem-9859	19	2	september	september	PROPN
fbem-9859	19	3	2020	2020	NUM
fbem-9859	19	4	,	,	PUNCT
fbem-9859	19	5	the	the	DET
fbem-9859	19	6	chinese	chinese	ADJ
fbem-9859	19	7	government	government	NOUN
fbem-9859	19	8	made	make	VERB
fbem-9859	19	9	a	a	DET
fbem-9859	19	10	solemn	solemn	ADJ
fbem-9859	19	11	commitment	commitment	NOUN
fbem-9859	19	12	to	to	ADP
fbem-9859	19	13	the	the	DET
fbem-9859	19	14	world	world	NOUN
fbem-9859	19	15	to	to	PART
fbem-9859	19	16	achieve	achieve	VERB
fbem-9859	19	17	"	"	PUNCT
fbem-9859	19	18	carbon	carbon	NOUN
fbem-9859	19	19	peaking	peaking	NOUN
fbem-9859	19	20	"	"	PUNCT
fbem-9859	19	21	by	by	ADP
fbem-9859	19	22	2030	2030	NUM
fbem-9859	19	23	and	and	CCONJ
fbem-9859	19	24	"	"	PUNCT
fbem-9859	19	25	carbon	carbon	NOUN
fbem-9859	19	26	neutrality	neutrality	NOUN
fbem-9859	19	27	"	"	PUNCT
fbem-9859	19	28	by	by	ADP
fbem-9859	19	29	2060	2060	NUM
fbem-9859	19	30	.	.	PUNCT
fbem-9859	20	1	general	general	ADJ
fbem-9859	20	2	secretary	secretary	PROPN
fbem-9859	20	3	xi	xi	PROPN
fbem-9859	20	4	has	have	AUX
fbem-9859	20	5	repeatedly	repeatedly	ADV
fbem-9859	20	6	mentioned	mention	VERB
fbem-9859	20	7	that	that	SCONJ
fbem-9859	20	8	"	"	PUNCT
fbem-9859	20	9	both	both	CCONJ
fbem-9859	20	10	green	green	ADJ
fbem-9859	20	11	water	water	NOUN
fbem-9859	20	12	and	and	CCONJ
fbem-9859	20	13	green	green	ADJ
fbem-9859	20	14	mountains	mountain	NOUN
fbem-9859	20	15	are	be	AUX
fbem-9859	20	16	needed	need	VERB
fbem-9859	20	17	,	,	PUNCT
fbem-9859	20	18	as	as	ADV
fbem-9859	20	19	well	well	ADV
fbem-9859	20	20	as	as	ADP
fbem-9859	20	21	golden	golden	ADJ
fbem-9859	20	22	mountains	mountain	NOUN
fbem-9859	20	23	"	"	PUNCT
fbem-9859	20	24	,	,	PUNCT
fbem-9859	20	25	and	and	CCONJ
fbem-9859	20	26	that	that	SCONJ
fbem-9859	20	27	the	the	DET
fbem-9859	20	28	goal	goal	NOUN
fbem-9859	20	29	of	of	ADP
fbem-9859	20	30	"	"	PUNCT
fbem-9859	20	31	carbon	carbon	NOUN
fbem-9859	20	32	peaking	peaking	NOUN
fbem-9859	20	33	"	"	PUNCT
fbem-9859	20	34	and	and	CCONJ
fbem-9859	20	35	"	"	PUNCT
fbem-9859	20	36	carbon	carbon	NOUN
fbem-9859	20	37	neutrality	neutrality	NOUN
fbem-9859	20	38	"	"	PUNCT
fbem-9859	20	39	should	should	AUX
fbem-9859	20	40	be	be	AUX
fbem-9859	20	41	incorporated	incorporate	VERB
fbem-9859	20	42	into	into	ADP
fbem-9859	20	43	the	the	DET
fbem-9859	20	44	construction	construction	NOUN
fbem-9859	20	45	of	of	ADP
fbem-9859	20	46	ecological	ecological	ADJ
fbem-9859	20	47	civilization	civilization	NOUN
fbem-9859	20	48	.	.	PUNCT
fbem-9859	21	1	in	in	ADP
fbem-9859	21	2	order	order	NOUN
fbem-9859	21	3	to	to	PART
fbem-9859	21	4	promote	promote	VERB
fbem-9859	21	5	the	the	DET
fbem-9859	21	6	high	high	ADJ
fbem-9859	21	7	-	-	PUNCT
fbem-9859	21	8	quality	quality	NOUN
fbem-9859	21	9	development	development	NOUN
fbem-9859	21	10	of	of	ADP
fbem-9859	21	11	"	"	PUNCT
fbem-9859	21	12	ecological	ecological	ADJ
fbem-9859	21	13	priority	priority	NOUN
fbem-9859	21	14	and	and	CCONJ
fbem-9859	21	15	low	low	ADJ
fbem-9859	21	16	-	-	PUNCT
fbem-9859	21	17	carbon	carbon	NOUN
fbem-9859	21	18	"	"	PUNCT
fbem-9859	21	19	,	,	PUNCT
fbem-9859	21	20	green	green	ADJ
fbem-9859	21	21	technology	technology	NOUN
fbem-9859	21	22	innovation	innovation	NOUN
fbem-9859	21	23	,	,	PUNCT
fbem-9859	21	24	especially	especially	ADV
fbem-9859	21	25	the	the	DET
fbem-9859	21	26	carbon	carbon	NOUN
fbem-9859	21	27	emission	emission	NOUN
fbem-9859	21	28	trading	trading	NOUN
fbem-9859	21	29	mechanism	mechanism	NOUN
fbem-9859	21	30	,	,	PUNCT
fbem-9859	21	31	needs	need	VERB
fbem-9859	21	32	to	to	PART
fbem-9859	21	33	play	play	VERB
fbem-9859	21	34	a	a	DET
fbem-9859	21	35	unique	unique	ADJ
fbem-9859	21	36	role	role	NOUN
fbem-9859	21	37	(	(	PUNCT
fbem-9859	21	38	yao	yao	NOUN
fbem-9859	21	39	and	and	CCONJ
fbem-9859	21	40	zeng	zeng	PROPN
fbem-9859	21	41	,	,	PUNCT
fbem-9859	21	42	2019	2019	NUM
fbem-9859	21	43	)	)	PUNCT
fbem-9859	21	44	.	.	PUNCT
fbem-9859	22	1	existing	exist	VERB
fbem-9859	22	2	literature	literature	NOUN
fbem-9859	22	3	has	have	AUX
fbem-9859	22	4	explored	explore	VERB
fbem-9859	22	5	the	the	DET
fbem-9859	22	6	relationship	relationship	NOUN
fbem-9859	22	7	between	between	ADP
fbem-9859	22	8	carbon	carbon	NOUN
fbem-9859	22	9	trading	trading	NOUN
fbem-9859	22	10	policies	policy	NOUN
fbem-9859	22	11	and	and	CCONJ
fbem-9859	22	12	corporate	corporate	ADJ
fbem-9859	22	13	green	green	ADJ
fbem-9859	22	14	technology	technology	NOUN
fbem-9859	22	15	innovation	innovation	NOUN
fbem-9859	22	16	from	from	ADP
fbem-9859	22	17	the	the	DET
fbem-9859	22	18	perspective	perspective	NOUN
fbem-9859	22	19	of	of	ADP
fbem-9859	22	20	quota	quota	NOUN
fbem-9859	22	21	allocation	allocation	NOUN
fbem-9859	22	22	methods	method	NOUN
fbem-9859	22	23	and	and	CCONJ
fbem-9859	22	24	carbon	carbon	NOUN
fbem-9859	22	25	price	price	NOUN
fbem-9859	22	26	signals	signal	NOUN
fbem-9859	22	27	(	(	PUNCT
fbem-9859	22	28	song	song	NOUN
fbem-9859	22	29	et	et	PROPN
fbem-9859	22	30	al	al	PROPN
fbem-9859	22	31	.	.	PROPN
fbem-9859	22	32	,	,	PUNCT
fbem-9859	22	33	2021	2021	NUM
fbem-9859	22	34	)	)	PUNCT
fbem-9859	22	35	.	.	PUNCT
fbem-9859	23	1	however	however	ADV
fbem-9859	23	2	,	,	PUNCT
fbem-9859	23	3	in	in	ADP
fbem-9859	23	4	addition	addition	NOUN
fbem-9859	23	5	to	to	ADP
fbem-9859	23	6	carbon	carbon	NOUN
fbem-9859	23	7	price	price	NOUN
fbem-9859	23	8	,	,	PUNCT
fbem-9859	23	9	will	will	AUX
fbem-9859	23	10	indicators	indicator	NOUN
fbem-9859	23	11	of	of	ADP
fbem-9859	23	12	carbon	carbon	NOUN
fbem-9859	23	13	market	market	NOUN
fbem-9859	23	14	operation	operation	NOUN
fbem-9859	23	15	status	status	NOUN
fbem-9859	23	16	,	,	PUNCT
fbem-9859	23	17	such	such	ADJ
fbem-9859	23	18	as	as	ADP
fbem-9859	23	19	carbon	carbon	NOUN
fbem-9859	23	20	market	market	NOUN
fbem-9859	23	21	liquidity	liquidity	NOUN
fbem-9859	23	22	and	and	CCONJ
fbem-9859	23	23	carbon	carbon	NOUN
fbem-9859	23	24	trading	trading	NOUN
fbem-9859	23	25	scale	scale	NOUN
fbem-9859	23	26	,	,	PUNCT
fbem-9859	23	27	also	also	ADV
fbem-9859	23	28	stimulate	stimulate	VERB
fbem-9859	23	29	firms	firm	NOUN
fbem-9859	23	30	to	to	PART
fbem-9859	23	31	engage	engage	VERB
fbem-9859	23	32	in	in	ADP
fbem-9859	23	33	green	green	ADJ
fbem-9859	23	34	technology	technology	NOUN
fbem-9859	23	35	innovation	innovation	NOUN
fbem-9859	23	36	?	?	PUNCT
fbem-9859	24	1	in	in	ADP
fbem-9859	24	2	order	order	NOUN
fbem-9859	24	3	to	to	PART
fbem-9859	24	4	explore	explore	VERB
fbem-9859	24	5	the	the	DET
fbem-9859	24	6	impact	impact	NOUN
fbem-9859	24	7	of	of	ADP
fbem-9859	24	8	carbon	carbon	NOUN
fbem-9859	24	9	trading	trading	NOUN
fbem-9859	24	10	policy	policy	NOUN
fbem-9859	24	11	on	on	ADP
fbem-9859	24	12	enterprises	enterprise	NOUN
fbem-9859	24	13	'	'	PART
fbem-9859	24	14	green	green	ADJ
fbem-9859	24	15	technological	technological	ADJ
fbem-9859	24	16	innovation	innovation	NOUN
fbem-9859	24	17	from	from	ADP
fbem-9859	24	18	a	a	DET
fbem-9859	24	19	more	more	ADV
fbem-9859	24	20	comprehensive	comprehensive	ADJ
fbem-9859	24	21	perspective	perspective	NOUN
fbem-9859	24	22	,	,	PUNCT
fbem-9859	24	23	taking	take	VERB
fbem-9859	24	24	ashare	ashare	NOUN
fbem-9859	24	25	listed	list	VERB
fbem-9859	24	26	companies	company	NOUN
fbem-9859	24	27	from	from	ADP
fbem-9859	24	28	2008	2008	NUM
fbem-9859	24	29	-	-	SYM
fbem-9859	24	30	2021	2021	NUM
fbem-9859	24	31	as	as	ADP
fbem-9859	24	32	research	research	NOUN
fbem-9859	24	33	objects	object	NOUN
fbem-9859	24	34	,	,	PUNCT
fbem-9859	24	35	this	this	DET
fbem-9859	24	36	paper	paper	NOUN
fbem-9859	24	37	uses	use	VERB
fbem-9859	24	38	carbon	carbon	NOUN
fbem-9859	24	39	trading	trading	NOUN
fbem-9859	24	40	pilot	pilot	NOUN
fbem-9859	24	41	policy	policy	NOUN
fbem-9859	24	42	as	as	ADP
fbem-9859	24	43	a	a	DET
fbem-9859	24	44	quasi	quasi	ADJ
fbem-9859	24	45	-	-	ADJ
fbem-9859	24	46	natural	natural	ADJ
fbem-9859	24	47	experiment	experiment	NOUN
fbem-9859	24	48	and	and	CCONJ
fbem-9859	24	49	treats	treat	NOUN
fbem-9859	24	50	enterprises	enterprise	NOUN
fbem-9859	24	51	included	include	VERB
fbem-9859	24	52	in	in	ADP
fbem-9859	24	53	carbon	carbon	NOUN
fbem-9859	24	54	trading	trading	NOUN
fbem-9859	24	55	pilot	pilot	NOUN
fbem-9859	24	56	and	and	CCONJ
fbem-9859	24	57	those	those	PRON
fbem-9859	24	58	not	not	PART
fbem-9859	24	59	included	include	VERB
fbem-9859	24	60	in	in	ADP
fbem-9859	24	61	carbon	carbon	NOUN
fbem-9859	24	62	trading	trading	NOUN
fbem-9859	24	63	pilot	pilot	NOUN
fbem-9859	24	64	as	as	ADP
fbem-9859	24	65	treatment	treatment	NOUN
fbem-9859	24	66	and	and	CCONJ
fbem-9859	24	67	control	control	NOUN
fbem-9859	24	68	groups	group	NOUN
fbem-9859	24	69	respectively	respectively	ADV
fbem-9859	24	70	,	,	PUNCT
fbem-9859	24	71	and	and	CCONJ
fbem-9859	24	72	constructs	construct	VERB
fbem-9859	24	73	a	a	DET
fbem-9859	24	74	multi	multi	ADJ
fbem-9859	24	75	-	-	ADJ
fbem-9859	24	76	point	point	ADJ
fbem-9859	24	77	difference	difference	NOUN
fbem-9859	24	78	-	-	PUNCT
fbem-9859	24	79	in	in	ADP
fbem-9859	24	80	-	-	PUNCT
fbem-9859	24	81	difference	difference	NOUN
fbem-9859	24	82	model	model	NOUN
fbem-9859	24	83	.	.	PUNCT
fbem-9859	25	1	the	the	DET
fbem-9859	25	2	study	study	NOUN
fbem-9859	25	3	also	also	ADV
fbem-9859	25	4	examines	examine	VERB
fbem-9859	25	5	the	the	DET
fbem-9859	25	6	role	role	NOUN
fbem-9859	25	7	of	of	ADP
fbem-9859	25	8	carbon	carbon	NOUN
fbem-9859	25	9	trading	trading	NOUN
fbem-9859	25	10	policy	policy	NOUN
fbem-9859	25	11	on	on	ADP
fbem-9859	25	12	enterprises	enterprise	NOUN
fbem-9859	25	13	'	'	PART
fbem-9859	25	14	green	green	ADJ
fbem-9859	25	15	technological	technological	ADJ
fbem-9859	25	16	innovation	innovation	NOUN
fbem-9859	25	17	and	and	CCONJ
fbem-9859	25	18	elaborates	elaborate	VERB
fbem-9859	25	19	on	on	ADP
fbem-9859	25	20	the	the	DET
fbem-9859	25	21	regulation	regulation	NOUN
fbem-9859	25	22	role	role	NOUN
fbem-9859	25	23	from	from	ADP
fbem-9859	25	24	a	a	DET
fbem-9859	25	25	more	more	ADV
fbem-9859	25	26	comprehensive	comprehensive	ADJ
fbem-9859	25	27	perspective	perspective	NOUN
fbem-9859	25	28	of	of	ADP
fbem-9859	25	29	carbon	carbon	NOUN
fbem-9859	25	30	market	market	NOUN
fbem-9859	25	31	mechanism	mechanism	NOUN
fbem-9859	25	32	,	,	PUNCT
fbem-9859	25	33	including	include	VERB
fbem-9859	25	34	carbon	carbon	NOUN
fbem-9859	25	35	price	price	NOUN
fbem-9859	25	36	,	,	PUNCT
fbem-9859	25	37	carbon	carbon	NOUN
fbem-9859	25	38	market	market	NOUN
fbem-9859	25	39	liquidity	liquidity	NOUN
fbem-9859	25	40	,	,	PUNCT
fbem-9859	25	41	and	and	CCONJ
fbem-9859	25	42	carbon	carbon	NOUN
fbem-9859	25	43	trading	trading	NOUN
fbem-9859	25	44	scale	scale	NOUN
fbem-9859	25	45	,	,	PUNCT
fbem-9859	25	46	and	and	CCONJ
fbem-9859	25	47	finally	finally	ADV
fbem-9859	25	48	39	39	NUM
fbem-9859	25	49	analyzes	analyze	VERB
fbem-9859	25	50	the	the	DET
fbem-9859	25	51	heterogeneity	heterogeneity	NOUN
fbem-9859	25	52	by	by	ADP
fbem-9859	25	53	differences	difference	NOUN
fbem-9859	25	54	in	in	ADP
fbem-9859	25	55	enterprises	enterprise	NOUN
fbem-9859	25	56	'	'	PART
fbem-9859	25	57	micro	micro	NOUN
fbem-9859	25	58	characteristics	characteristic	NOUN
fbem-9859	25	59	.	.	PUNCT
fbem-9859	26	1	2	2	X
fbem-9859	26	2	.	.	X
fbem-9859	26	3	literature	literature	NOUN
fbem-9859	26	4	review	review	VERB
fbem-9859	26	5	2.1	2.1	NUM
fbem-9859	26	6	.	.	PUNCT
fbem-9859	27	1	the	the	DET
fbem-9859	27	2	connotation	connotation	NOUN
fbem-9859	27	3	of	of	ADP
fbem-9859	27	4	green	green	ADJ
fbem-9859	27	5	technology	technology	NOUN
fbem-9859	27	6	innovation	innovation	NOUN
fbem-9859	27	7	and	and	CCONJ
fbem-9859	27	8	its	its	PRON
fbem-9859	27	9	influencing	influence	VERB
fbem-9859	27	10	factors	factor	NOUN
fbem-9859	27	11	green	green	ADJ
fbem-9859	27	12	technology	technology	NOUN
fbem-9859	27	13	innovation	innovation	NOUN
fbem-9859	27	14	is	be	AUX
fbem-9859	27	15	an	an	DET
fbem-9859	27	16	important	important	ADJ
fbem-9859	27	17	part	part	NOUN
fbem-9859	27	18	of	of	ADP
fbem-9859	27	19	technological	technological	ADJ
fbem-9859	27	20	innovation	innovation	NOUN
fbem-9859	27	21	.	.	PUNCT
fbem-9859	28	1	traditional	traditional	ADJ
fbem-9859	28	2	innovation	innovation	NOUN
fbem-9859	28	3	is	be	AUX
fbem-9859	28	4	mainly	mainly	ADV
fbem-9859	28	5	to	to	PART
fbem-9859	28	6	bring	bring	VERB
fbem-9859	28	7	economic	economic	ADJ
fbem-9859	28	8	benefits	benefit	NOUN
fbem-9859	28	9	to	to	ADP
fbem-9859	28	10	enterprises	enterprise	NOUN
fbem-9859	28	11	,	,	PUNCT
fbem-9859	28	12	while	while	SCONJ
fbem-9859	28	13	green	green	ADJ
fbem-9859	28	14	technological	technological	ADJ
fbem-9859	28	15	innovation	innovation	NOUN
fbem-9859	28	16	emphasizes	emphasize	VERB
fbem-9859	28	17	the	the	DET
fbem-9859	28	18	unity	unity	NOUN
fbem-9859	28	19	of	of	ADP
fbem-9859	28	20	economic	economic	ADJ
fbem-9859	28	21	and	and	CCONJ
fbem-9859	28	22	environmental	environmental	ADJ
fbem-9859	28	23	benefits	benefit	NOUN
fbem-9859	28	24	.	.	PUNCT
fbem-9859	29	1	regarding	regard	VERB
fbem-9859	29	2	the	the	DET
fbem-9859	29	3	connotation	connotation	NOUN
fbem-9859	29	4	of	of	ADP
fbem-9859	29	5	green	green	ADJ
fbem-9859	29	6	technological	technological	ADJ
fbem-9859	29	7	innovation	innovation	NOUN
fbem-9859	29	8	,	,	PUNCT
fbem-9859	29	9	braun	braun	NOUN
fbem-9859	29	10	and	and	CCONJ
fbem-9859	29	11	wield	wield	NOUN
fbem-9859	29	12	(	(	PUNCT
fbem-9859	29	13	1994	1994	NUM
fbem-9859	29	14	)	)	PUNCT
fbem-9859	29	15	first	first	ADV
fbem-9859	29	16	proposed	propose	VERB
fbem-9859	29	17	that	that	SCONJ
fbem-9859	29	18	green	green	ADJ
fbem-9859	29	19	technological	technological	ADJ
fbem-9859	29	20	innovation	innovation	NOUN
fbem-9859	29	21	refers	refer	VERB
fbem-9859	29	22	to	to	ADP
fbem-9859	29	23	technologies	technology	NOUN
fbem-9859	29	24	that	that	PRON
fbem-9859	29	25	can	can	AUX
fbem-9859	29	26	improve	improve	VERB
fbem-9859	29	27	energy	energy	NOUN
fbem-9859	29	28	efficiency	efficiency	NOUN
fbem-9859	29	29	and	and	CCONJ
fbem-9859	29	30	reduce	reduce	VERB
fbem-9859	29	31	environmental	environmental	ADJ
fbem-9859	29	32	pollution	pollution	NOUN
fbem-9859	29	33	;	;	PUNCT
fbem-9859	29	34	lv	lv	PROPN
fbem-9859	29	35	et	et	PROPN
fbem-9859	29	36	al	al	PROPN
fbem-9859	29	37	.	.	PROPN
fbem-9859	30	1	(	(	PUNCT
fbem-9859	30	2	1994	1994	NUM
fbem-9859	30	3	)	)	PUNCT
fbem-9859	30	4	considered	consider	VERB
fbem-9859	30	5	that	that	SCONJ
fbem-9859	30	6	green	green	ADJ
fbem-9859	30	7	production	production	NOUN
fbem-9859	30	8	processes	process	NOUN
fbem-9859	30	9	,	,	PUNCT
fbem-9859	30	10	energy	energy	NOUN
fbem-9859	30	11	utilization	utilization	NOUN
fbem-9859	30	12	,	,	PUNCT
fbem-9859	30	13	and	and	CCONJ
fbem-9859	30	14	product	product	NOUN
fbem-9859	30	15	output	output	NOUN
fbem-9859	30	16	are	be	AUX
fbem-9859	30	17	the	the	DET
fbem-9859	30	18	carriers	carrier	NOUN
fbem-9859	30	19	of	of	ADP
fbem-9859	30	20	green	green	ADJ
fbem-9859	30	21	technological	technological	ADJ
fbem-9859	30	22	innovation	innovation	NOUN
fbem-9859	30	23	.	.	PUNCT
fbem-9859	31	1	with	with	ADP
fbem-9859	31	2	the	the	DET
fbem-9859	31	3	development	development	NOUN
fbem-9859	31	4	of	of	ADP
fbem-9859	31	5	the	the	DET
fbem-9859	31	6	economy	economy	NOUN
fbem-9859	31	7	and	and	CCONJ
fbem-9859	31	8	society	society	NOUN
fbem-9859	31	9	,	,	PUNCT
fbem-9859	31	10	the	the	DET
fbem-9859	31	11	connotation	connotation	NOUN
fbem-9859	31	12	of	of	ADP
fbem-9859	31	13	green	green	ADJ
fbem-9859	31	14	innovation	innovation	NOUN
fbem-9859	31	15	has	have	AUX
fbem-9859	31	16	been	be	AUX
fbem-9859	31	17	evolving	evolve	VERB
fbem-9859	31	18	and	and	CCONJ
fbem-9859	31	19	enriched	enrich	VERB
fbem-9859	31	20	.	.	PUNCT
fbem-9859	32	1	in	in	ADP
fbem-9859	32	2	2011	2011	NUM
fbem-9859	32	3	,	,	PUNCT
fbem-9859	32	4	based	base	VERB
fbem-9859	32	5	on	on	ADP
fbem-9859	32	6	the	the	DET
fbem-9859	32	7	goal	goal	NOUN
fbem-9859	32	8	of	of	ADP
fbem-9859	32	9	sustainable	sustainable	ADJ
fbem-9859	32	10	development	development	NOUN
fbem-9859	32	11	,	,	PUNCT
fbem-9859	32	12	the	the	DET
fbem-9859	32	13	european	european	PROPN
fbem-9859	32	14	commission	commission	PROPN
fbem-9859	32	15	defined	define	VERB
fbem-9859	32	16	green	green	ADJ
fbem-9859	32	17	technological	technological	ADJ
fbem-9859	32	18	innovation	innovation	NOUN
fbem-9859	32	19	as	as	ADP
fbem-9859	32	20	a	a	DET
fbem-9859	32	21	major	major	ADJ
fbem-9859	32	22	innovation	innovation	NOUN
fbem-9859	32	23	that	that	PRON
fbem-9859	32	24	can	can	AUX
fbem-9859	32	25	avoid	avoid	VERB
fbem-9859	32	26	,	,	PUNCT
fbem-9859	32	27	reduce	reduce	VERB
fbem-9859	32	28	or	or	CCONJ
fbem-9859	32	29	even	even	ADV
fbem-9859	32	30	eliminate	eliminate	VERB
fbem-9859	32	31	environmental	environmental	ADJ
fbem-9859	32	32	impacts	impact	NOUN
fbem-9859	32	33	and	and	CCONJ
fbem-9859	32	34	make	make	VERB
fbem-9859	32	35	more	more	ADV
fbem-9859	32	36	efficient	efficient	ADJ
fbem-9859	32	37	use	use	NOUN
fbem-9859	32	38	of	of	ADP
fbem-9859	32	39	natural	natural	ADJ
fbem-9859	32	40	resources	resource	NOUN
fbem-9859	32	41	.	.	PUNCT
fbem-9859	33	1	the	the	DET
fbem-9859	33	2	european	european	PROPN
fbem-9859	33	3	commission	commission	PROPN
fbem-9859	33	4	defines	define	VERB
fbem-9859	33	5	green	green	ADJ
fbem-9859	33	6	technology	technology	NOUN
fbem-9859	33	7	innovation	innovation	NOUN
fbem-9859	33	8	as	as	ADP
fbem-9859	33	9	a	a	DET
fbem-9859	33	10	major	major	ADJ
fbem-9859	33	11	innovation	innovation	NOUN
fbem-9859	33	12	that	that	PRON
fbem-9859	33	13	avoids	avoid	VERB
fbem-9859	33	14	,	,	PUNCT
fbem-9859	33	15	minimizes	minimize	NOUN
fbem-9859	33	16	,	,	PUNCT
fbem-9859	33	17	or	or	CCONJ
fbem-9859	33	18	even	even	ADV
fbem-9859	33	19	eliminates	eliminate	VERB
fbem-9859	33	20	environmental	environmental	ADJ
fbem-9859	33	21	impacts	impact	NOUN
fbem-9859	33	22	and	and	CCONJ
fbem-9859	33	23	enables	enable	VERB
fbem-9859	33	24	more	more	ADV
fbem-9859	33	25	efficient	efficient	ADJ
fbem-9859	33	26	use	use	NOUN
fbem-9859	33	27	of	of	ADP
fbem-9859	33	28	natural	natural	ADJ
fbem-9859	33	29	resources	resource	NOUN
fbem-9859	33	30	（	（	X
fbem-9859	33	31	commission	commission	NOUN
fbem-9859	33	32	of	of	ADP
fbem-9859	33	33	european	european	PROPN
fbem-9859	33	34	union	union	PROPN
fbem-9859	33	35	,	,	PUNCT
fbem-9859	33	36	2011	2011	NUM
fbem-9859	33	37	）	）	NUM
fbem-9859	33	38	.	.	PUNCT
fbem-9859	34	1	factors	factor	NOUN
fbem-9859	34	2	that	that	PRON
fbem-9859	34	3	influence	influence	NOUN
fbem-9859	34	4	firms	firm	NOUN
fbem-9859	34	5	'	'	PART
fbem-9859	34	6	green	green	ADJ
fbem-9859	34	7	technology	technology	NOUN
fbem-9859	34	8	innovation	innovation	NOUN
fbem-9859	34	9	include	include	VERB
fbem-9859	34	10	both	both	PRON
fbem-9859	34	11	external	external	ADJ
fbem-9859	34	12	macro	macro	ADJ
fbem-9859	34	13	factors	factor	NOUN
fbem-9859	34	14	and	and	CCONJ
fbem-9859	34	15	internal	internal	ADJ
fbem-9859	34	16	micro	micro	ADJ
fbem-9859	34	17	factors	factor	NOUN
fbem-9859	34	18	.	.	PUNCT
fbem-9859	35	1	at	at	ADP
fbem-9859	35	2	the	the	DET
fbem-9859	35	3	macro	macro	ADJ
fbem-9859	35	4	level	level	NOUN
fbem-9859	35	5	,	,	PUNCT
fbem-9859	35	6	various	various	ADJ
fbem-9859	35	7	factors	factor	NOUN
fbem-9859	35	8	such	such	ADJ
fbem-9859	35	9	as	as	ADP
fbem-9859	35	10	economic	economic	ADJ
fbem-9859	35	11	,	,	PUNCT
fbem-9859	35	12	technological	technological	ADJ
fbem-9859	35	13	,	,	PUNCT
fbem-9859	35	14	and	and	CCONJ
fbem-9859	35	15	policy	policy	NOUN
fbem-9859	35	16	factors	factor	NOUN
fbem-9859	35	17	can	can	AUX
fbem-9859	35	18	have	have	VERB
fbem-9859	35	19	an	an	DET
fbem-9859	35	20	impact	impact	NOUN
fbem-9859	35	21	on	on	ADP
fbem-9859	35	22	green	green	ADJ
fbem-9859	35	23	innovation	innovation	NOUN
fbem-9859	35	24	,	,	PUNCT
fbem-9859	35	25	such	such	ADJ
fbem-9859	35	26	as	as	ADP
fbem-9859	35	27	the	the	DET
fbem-9859	35	28	study	study	NOUN
fbem-9859	35	29	by	by	ADP
fbem-9859	35	30	xu	xu	PROPN
fbem-9859	35	31	(	(	PUNCT
fbem-9859	35	32	2012	2012	NUM
fbem-9859	35	33	)	)	PUNCT
fbem-9859	35	34	and	and	CCONJ
fbem-9859	35	35	others	other	NOUN
fbem-9859	35	36	,	,	PUNCT
fbem-9859	35	37	which	which	PRON
fbem-9859	35	38	showed	show	VERB
fbem-9859	35	39	that	that	SCONJ
fbem-9859	35	40	the	the	DET
fbem-9859	35	41	government	government	NOUN
fbem-9859	35	42	can	can	AUX
fbem-9859	35	43	drive	drive	VERB
fbem-9859	35	44	firms	firm	NOUN
fbem-9859	35	45	to	to	PART
fbem-9859	35	46	engage	engage	VERB
fbem-9859	35	47	in	in	ADP
fbem-9859	35	48	green	green	ADJ
fbem-9859	35	49	technology	technology	NOUN
fbem-9859	35	50	innovation	innovation	NOUN
fbem-9859	35	51	.	.	PUNCT
fbem-9859	36	1	qi	qi	PROPN
fbem-9859	36	2	et	et	PROPN
fbem-9859	36	3	al	al	PROPN
fbem-9859	36	4	.	.	PROPN
fbem-9859	37	1	(	(	PUNCT
fbem-9859	37	2	2018	2018	NUM
fbem-9859	37	3	)	)	PUNCT
fbem-9859	37	4	argued	argue	VERB
fbem-9859	37	5	that	that	SCONJ
fbem-9859	37	6	environmental	environmental	ADJ
fbem-9859	37	7	equity	equity	NOUN
fbem-9859	37	8	trading	trading	NOUN
fbem-9859	37	9	can	can	AUX
fbem-9859	37	10	induce	induce	VERB
fbem-9859	37	11	green	green	ADJ
fbem-9859	37	12	innovation	innovation	NOUN
fbem-9859	37	13	in	in	ADP
fbem-9859	37	14	polluting	pollute	VERB
fbem-9859	37	15	industries	industry	NOUN
fbem-9859	37	16	by	by	ADP
fbem-9859	37	17	the	the	DET
fbem-9859	37	18	triple	triple	ADJ
fbem-9859	37	19	difference	difference	NOUN
fbem-9859	37	20	method	method	NOUN
fbem-9859	37	21	.	.	PUNCT
fbem-9859	38	1	lv	lv	PROPN
fbem-9859	38	2	et	et	PROPN
fbem-9859	38	3	al	al	PROPN
fbem-9859	38	4	.	.	PROPN
fbem-9859	39	1	(	(	PUNCT
fbem-9859	39	2	2021	2021	NUM
fbem-9859	39	3	)	)	PUNCT
fbem-9859	39	4	found	find	VERB
fbem-9859	39	5	that	that	SCONJ
fbem-9859	39	6	the	the	DET
fbem-9859	39	7	degree	degree	NOUN
fbem-9859	39	8	of	of	ADP
fbem-9859	39	9	financial	financial	ADJ
fbem-9859	39	10	development	development	NOUN
fbem-9859	39	11	can	can	AUX
fbem-9859	39	12	promote	promote	VERB
fbem-9859	39	13	green	green	ADJ
fbem-9859	39	14	innovation	innovation	NOUN
fbem-9859	39	15	by	by	ADP
fbem-9859	39	16	examining	examine	VERB
fbem-9859	39	17	the	the	DET
fbem-9859	39	18	relationship	relationship	NOUN
fbem-9859	39	19	between	between	ADP
fbem-9859	39	20	financial	financial	ADJ
fbem-9859	39	21	development	development	NOUN
fbem-9859	39	22	and	and	CCONJ
fbem-9859	39	23	green	green	ADJ
fbem-9859	39	24	technology	technology	NOUN
fbem-9859	39	25	innovation	innovation	NOUN
fbem-9859	39	26	,	,	PUNCT
fbem-9859	39	27	and	and	CCONJ
fbem-9859	39	28	environmental	environmental	ADJ
fbem-9859	39	29	regulation	regulation	NOUN
fbem-9859	39	30	plays	play	VERB
fbem-9859	39	31	a	a	DET
fbem-9859	39	32	positive	positive	ADJ
fbem-9859	39	33	moderating	moderate	VERB
fbem-9859	39	34	role	role	NOUN
fbem-9859	39	35	in	in	ADP
fbem-9859	39	36	it	it	PRON
fbem-9859	39	37	.	.	PUNCT
fbem-9859	40	1	from	from	ADP
fbem-9859	40	2	the	the	DET
fbem-9859	40	3	public	public	ADJ
fbem-9859	40	4	perspective	perspective	NOUN
fbem-9859	40	5	,	,	PUNCT
fbem-9859	40	6	qin	qin	PROPN
fbem-9859	40	7	(	(	PUNCT
fbem-9859	40	8	2022	2022	NUM
fbem-9859	40	9	)	)	PUNCT
fbem-9859	40	10	concluded	conclude	VERB
fbem-9859	40	11	that	that	SCONJ
fbem-9859	40	12	public	public	ADJ
fbem-9859	40	13	participation	participation	NOUN
fbem-9859	40	14	and	and	CCONJ
fbem-9859	40	15	environmental	environmental	ADJ
fbem-9859	40	16	regulation	regulation	NOUN
fbem-9859	40	17	can	can	AUX
fbem-9859	40	18	influence	influence	VERB
fbem-9859	40	19	corporate	corporate	ADJ
fbem-9859	40	20	green	green	ADJ
fbem-9859	40	21	innovation	innovation	NOUN
fbem-9859	40	22	when	when	SCONJ
fbem-9859	40	23	combined	combine	VERB
fbem-9859	40	24	.	.	PUNCT
fbem-9859	41	1	at	at	ADP
fbem-9859	41	2	the	the	DET
fbem-9859	41	3	micro	micro	ADJ
fbem-9859	41	4	-	-	ADJ
fbem-9859	41	5	firm	firm	ADJ
fbem-9859	41	6	level	level	NOUN
fbem-9859	41	7	,	,	PUNCT
fbem-9859	41	8	internal	internal	ADJ
fbem-9859	41	9	factors	factor	NOUN
fbem-9859	41	10	such	such	ADJ
fbem-9859	41	11	as	as	ADP
fbem-9859	41	12	the	the	DET
fbem-9859	41	13	level	level	NOUN
fbem-9859	41	14	of	of	ADP
fbem-9859	41	15	digitalization	digitalization	NOUN
fbem-9859	41	16	,	,	PUNCT
fbem-9859	41	17	corporate	corporate	ADJ
fbem-9859	41	18	social	social	ADJ
fbem-9859	41	19	responsibility	responsibility	NOUN
fbem-9859	41	20	,	,	PUNCT
fbem-9859	41	21	and	and	CCONJ
fbem-9859	41	22	firm	firm	ADJ
fbem-9859	41	23	size	size	NOUN
fbem-9859	41	24	can	can	AUX
fbem-9859	41	25	have	have	VERB
fbem-9859	41	26	a	a	DET
fbem-9859	41	27	significant	significant	ADJ
fbem-9859	41	28	impact	impact	NOUN
fbem-9859	41	29	on	on	ADP
fbem-9859	41	30	green	green	ADJ
fbem-9859	41	31	technology	technology	NOUN
fbem-9859	41	32	innovation	innovation	NOUN
fbem-9859	41	33	(	(	PUNCT
fbem-9859	41	34	xu	xu	INTJ
fbem-9859	41	35	et	et	PROPN
fbem-9859	41	36	al	al	PROPN
fbem-9859	41	37	.	.	PROPN
fbem-9859	41	38	,	,	PUNCT
fbem-9859	41	39	2022	2022	NUM
fbem-9859	41	40	)	)	PUNCT
fbem-9859	41	41	.	.	PUNCT
fbem-9859	42	1	song	song	NOUN
fbem-9859	42	2	et	et	PROPN
fbem-9859	42	3	al	al	PROPN
fbem-9859	42	4	.	.	PROPN
fbem-9859	43	1	(	(	PUNCT
fbem-9859	43	2	2022	2022	NUM
fbem-9859	43	3	)	)	PUNCT
fbem-9859	43	4	used	use	VERB
fbem-9859	43	5	a	a	DET
fbem-9859	43	6	sample	sample	NOUN
fbem-9859	43	7	of	of	ADP
fbem-9859	43	8	listed	list	VERB
fbem-9859	43	9	companies	company	NOUN
fbem-9859	43	10	in	in	ADP
fbem-9859	43	11	the	the	DET
fbem-9859	43	12	heavy	heavy	ADJ
fbem-9859	43	13	pollution	pollution	NOUN
fbem-9859	43	14	industry	industry	NOUN
fbem-9859	43	15	and	and	CCONJ
fbem-9859	43	16	found	find	VERB
fbem-9859	43	17	that	that	SCONJ
fbem-9859	43	18	the	the	DET
fbem-9859	43	19	digitalization	digitalization	NOUN
fbem-9859	43	20	of	of	ADP
fbem-9859	43	21	heavy	heavy	ADJ
fbem-9859	43	22	polluting	polluting	NOUN
fbem-9859	43	23	firms	firm	NOUN
fbem-9859	43	24	can	can	AUX
fbem-9859	43	25	significantly	significantly	ADV
fbem-9859	43	26	promote	promote	VERB
fbem-9859	43	27	their	their	PRON
fbem-9859	43	28	green	green	ADJ
fbem-9859	43	29	technology	technology	NOUN
fbem-9859	43	30	innovation	innovation	NOUN
fbem-9859	43	31	,	,	PUNCT
fbem-9859	43	32	while	while	SCONJ
fbem-9859	43	33	yang	yang	PROPN
fbem-9859	43	34	(	(	PUNCT
fbem-9859	43	35	2022	2022	NUM
fbem-9859	43	36	)	)	PUNCT
fbem-9859	43	37	explored	explore	VERB
fbem-9859	43	38	the	the	DET
fbem-9859	43	39	impact	impact	NOUN
fbem-9859	43	40	of	of	ADP
fbem-9859	43	41	corporate	corporate	ADJ
fbem-9859	43	42	social	social	ADJ
fbem-9859	43	43	responsibility	responsibility	NOUN
fbem-9859	43	44	on	on	ADP
fbem-9859	43	45	green	green	ADJ
fbem-9859	43	46	technology	technology	NOUN
fbem-9859	43	47	innovation	innovation	NOUN
fbem-9859	43	48	and	and	CCONJ
fbem-9859	43	49	found	find	VERB
fbem-9859	43	50	that	that	SCONJ
fbem-9859	43	51	internal	internal	ADJ
fbem-9859	43	52	social	social	ADJ
fbem-9859	43	53	responsibility	responsibility	NOUN
fbem-9859	43	54	can	can	AUX
fbem-9859	43	55	promote	promote	VERB
fbem-9859	43	56	green	green	ADJ
fbem-9859	43	57	innovation	innovation	NOUN
fbem-9859	43	58	,	,	PUNCT
fbem-9859	43	59	while	while	SCONJ
fbem-9859	43	60	external	external	ADJ
fbem-9859	43	61	social	social	ADJ
fbem-9859	43	62	responsibility	responsibility	NOUN
fbem-9859	43	63	can	can	AUX
fbem-9859	43	64	inhibit	inhibit	VERB
fbem-9859	43	65	green	green	ADJ
fbem-9859	43	66	innovation	innovation	NOUN
fbem-9859	43	67	.	.	PUNCT
fbem-9859	44	1	2.2	2.2	NUM
fbem-9859	44	2	.	.	PUNCT
fbem-9859	44	3	environmental	environmental	ADJ
fbem-9859	44	4	regulation	regulation	NOUN
fbem-9859	44	5	and	and	CCONJ
fbem-9859	44	6	green	green	ADJ
fbem-9859	44	7	technology	technology	NOUN
fbem-9859	44	8	innovation	innovation	NOUN
fbem-9859	44	9	with	with	ADP
fbem-9859	44	10	the	the	DET
fbem-9859	44	11	deterioration	deterioration	NOUN
fbem-9859	44	12	of	of	ADP
fbem-9859	44	13	environmental	environmental	ADJ
fbem-9859	44	14	problems	problem	NOUN
fbem-9859	44	15	,	,	PUNCT
fbem-9859	44	16	the	the	DET
fbem-9859	44	17	relationship	relationship	NOUN
fbem-9859	44	18	between	between	ADP
fbem-9859	44	19	environmental	environmental	ADJ
fbem-9859	44	20	regulation	regulation	NOUN
fbem-9859	44	21	and	and	CCONJ
fbem-9859	44	22	technological	technological	ADJ
fbem-9859	44	23	innovation	innovation	NOUN
fbem-9859	44	24	has	have	AUX
fbem-9859	44	25	become	become	VERB
fbem-9859	44	26	one	one	NUM
fbem-9859	44	27	of	of	ADP
fbem-9859	44	28	the	the	DET
fbem-9859	44	29	hot	hot	ADJ
fbem-9859	44	30	issues	issue	NOUN
fbem-9859	44	31	studied	study	VERB
fbem-9859	44	32	by	by	ADP
fbem-9859	44	33	scholars	scholar	NOUN
fbem-9859	44	34	.	.	PUNCT
fbem-9859	45	1	regarding	regard	VERB
fbem-9859	45	2	the	the	DET
fbem-9859	45	3	impact	impact	NOUN
fbem-9859	45	4	of	of	ADP
fbem-9859	45	5	environmental	environmental	ADJ
fbem-9859	45	6	regulation	regulation	NOUN
fbem-9859	45	7	policies	policy	NOUN
fbem-9859	45	8	on	on	ADP
fbem-9859	45	9	firms	firm	NOUN
fbem-9859	45	10	'	'	PART
fbem-9859	45	11	technological	technological	ADJ
fbem-9859	45	12	innovation	innovation	NOUN
fbem-9859	45	13	,	,	PUNCT
fbem-9859	45	14	existing	exist	VERB
fbem-9859	45	15	studies	study	NOUN
fbem-9859	45	16	are	be	AUX
fbem-9859	45	17	mainly	mainly	ADV
fbem-9859	45	18	divided	divide	VERB
fbem-9859	45	19	into	into	ADP
fbem-9859	45	20	two	two	NUM
fbem-9859	45	21	views	view	NOUN
fbem-9859	45	22	.	.	PUNCT
fbem-9859	46	1	one	one	NUM
fbem-9859	46	2	is	be	AUX
fbem-9859	46	3	based	base	VERB
fbem-9859	46	4	on	on	ADP
fbem-9859	46	5	the	the	DET
fbem-9859	46	6	traditional	traditional	ADJ
fbem-9859	46	7	neoclassical	neoclassical	ADJ
fbem-9859	46	8	theory	theory	NOUN
fbem-9859	46	9	,	,	PUNCT
fbem-9859	46	10	which	which	PRON
fbem-9859	46	11	takes	take	VERB
fbem-9859	46	12	a	a	DET
fbem-9859	46	13	static	static	ADJ
fbem-9859	46	14	perspective	perspective	NOUN
fbem-9859	46	15	and	and	CCONJ
fbem-9859	46	16	argues	argue	VERB
fbem-9859	46	17	that	that	SCONJ
fbem-9859	46	18	under	under	ADP
fbem-9859	46	19	the	the	DET
fbem-9859	46	20	assumptions	assumption	NOUN
fbem-9859	46	21	of	of	ADP
fbem-9859	46	22	constant	constant	ADJ
fbem-9859	46	23	technology	technology	NOUN
fbem-9859	46	24	level	level	NOUN
fbem-9859	46	25	,	,	PUNCT
fbem-9859	46	26	resource	resource	NOUN
fbem-9859	46	27	allocation	allocation	NOUN
fbem-9859	46	28	and	and	CCONJ
fbem-9859	46	29	consumption	consumption	NOUN
fbem-9859	46	30	demand	demand	NOUN
fbem-9859	46	31	,	,	PUNCT
fbem-9859	46	32	environmental	environmental	ADJ
fbem-9859	46	33	protection	protection	NOUN
fbem-9859	46	34	,	,	PUNCT
fbem-9859	46	35	although	although	SCONJ
fbem-9859	46	36	improving	improve	VERB
fbem-9859	46	37	the	the	DET
fbem-9859	46	38	overall	overall	ADJ
fbem-9859	46	39	welfare	welfare	NOUN
fbem-9859	46	40	of	of	ADP
fbem-9859	46	41	society	society	NOUN
fbem-9859	46	42	,	,	PUNCT
fbem-9859	46	43	will	will	AUX
fbem-9859	46	44	weaken	weaken	VERB
fbem-9859	46	45	the	the	DET
fbem-9859	46	46	level	level	NOUN
fbem-9859	46	47	of	of	ADP
fbem-9859	46	48	firms	firm	NOUN
fbem-9859	46	49	'	'	PART
fbem-9859	46	50	technological	technological	ADJ
fbem-9859	46	51	innovation	innovation	NOUN
fbem-9859	46	52	at	at	ADP
fbem-9859	46	53	the	the	DET
fbem-9859	46	54	cost	cost	NOUN
fbem-9859	46	55	of	of	ADP
fbem-9859	46	56	increased	increase	VERB
fbem-9859	46	57	costs	cost	NOUN
fbem-9859	46	58	to	to	ADP
fbem-9859	46	59	manufacturers	manufacturer	NOUN
fbem-9859	46	60	.	.	PUNCT
fbem-9859	47	1	the	the	DET
fbem-9859	47	2	excessive	excessive	ADJ
fbem-9859	47	3	costs	cost	NOUN
fbem-9859	47	4	resulting	result	VERB
fbem-9859	47	5	from	from	ADP
fbem-9859	47	6	environmental	environmental	ADJ
fbem-9859	47	7	protection	protection	NOUN
fbem-9859	47	8	will	will	AUX
fbem-9859	47	9	hinder	hinder	VERB
fbem-9859	47	10	the	the	DET
fbem-9859	47	11	productivity	productivity	NOUN
fbem-9859	47	12	of	of	ADP
fbem-9859	47	13	manufacturers	manufacturer	NOUN
fbem-9859	47	14	and	and	CCONJ
fbem-9859	47	15	reduce	reduce	VERB
fbem-9859	47	16	market	market	NOUN
fbem-9859	47	17	competitiveness	competitiveness	NOUN
fbem-9859	47	18	(	(	PUNCT
fbem-9859	47	19	jaffe	jaffe	PROPN
fbem-9859	47	20	,	,	PUNCT
fbem-9859	47	21	1995	1995	NUM
fbem-9859	47	22	)	)	PUNCT
fbem-9859	47	23	.	.	PUNCT
fbem-9859	48	1	this	this	DET
fbem-9859	48	2	additional	additional	ADJ
fbem-9859	48	3	cost	cost	NOUN
fbem-9859	48	4	,	,	PUNCT
fbem-9859	48	5	caused	cause	VERB
fbem-9859	48	6	by	by	ADP
fbem-9859	48	7	internalizing	internalize	VERB
fbem-9859	48	8	the	the	DET
fbem-9859	48	9	negative	negative	ADJ
fbem-9859	48	10	externalities	externality	NOUN
fbem-9859	48	11	of	of	ADP
fbem-9859	48	12	corporate	corporate	ADJ
fbem-9859	48	13	pollution	pollution	NOUN
fbem-9859	48	14	,	,	PUNCT
fbem-9859	48	15	will	will	AUX
fbem-9859	48	16	squeeze	squeeze	VERB
fbem-9859	48	17	out	out	ADP
fbem-9859	48	18	the	the	DET
fbem-9859	48	19	funds	fund	NOUN
fbem-9859	48	20	for	for	ADP
fbem-9859	48	21	green	green	ADJ
fbem-9859	48	22	innovation	innovation	NOUN
fbem-9859	48	23	,	,	PUNCT
fbem-9859	48	24	which	which	PRON
fbem-9859	48	25	is	be	AUX
fbem-9859	48	26	known	know	VERB
fbem-9859	48	27	as	as	ADP
fbem-9859	48	28	the	the	DET
fbem-9859	48	29	"	"	PUNCT
fbem-9859	48	30	crowding	crowd	VERB
fbem-9859	48	31	out	out	ADP
fbem-9859	48	32	effect"（kneller	effect"（kneller	ADV
fbem-9859	48	33	et	et	PROPN
fbem-9859	48	34	al	al	PROPN
fbem-9859	48	35	.	.	PROPN
fbem-9859	48	36	2012	2012	NUM
fbem-9859	48	37	）	）	PROPN
fbem-9859	48	38	.	.	PUNCT
fbem-9859	49	1	another	another	DET
fbem-9859	49	2	viewpoint	viewpoint	NOUN
fbem-9859	49	3	is	be	AUX
fbem-9859	49	4	that	that	SCONJ
fbem-9859	49	5	environmental	environmental	ADJ
fbem-9859	49	6	regulations	regulation	NOUN
fbem-9859	49	7	increase	increase	VERB
fbem-9859	49	8	the	the	DET
fbem-9859	49	9	production	production	NOUN
fbem-9859	49	10	cost	cost	NOUN
fbem-9859	49	11	of	of	ADP
fbem-9859	49	12	manufacturers	manufacturer	NOUN
fbem-9859	49	13	,	,	PUNCT
fbem-9859	49	14	but	but	CCONJ
fbem-9859	49	15	also	also	ADV
fbem-9859	49	16	have	have	VERB
fbem-9859	49	17	a	a	DET
fbem-9859	49	18	certain	certain	ADJ
fbem-9859	49	19	incentive	incentive	NOUN
fbem-9859	49	20	effect	effect	NOUN
fbem-9859	49	21	on	on	ADP
fbem-9859	49	22	technological	technological	ADJ
fbem-9859	49	23	innovation	innovation	NOUN
fbem-9859	49	24	,	,	PUNCT
fbem-9859	49	25	and	and	CCONJ
fbem-9859	49	26	the	the	DET
fbem-9859	49	27	famous	famous	ADJ
fbem-9859	49	28	"	"	PUNCT
fbem-9859	49	29	porter	porter	NOUN
fbem-9859	49	30	hypothesis	hypothesis	NOUN
fbem-9859	49	31	"	"	PUNCT
fbem-9859	49	32	is	be	AUX
fbem-9859	49	33	proposed	propose	VERB
fbem-9859	49	34	(	(	PUNCT
fbem-9859	49	35	porter	porter	NOUN
fbem-9859	49	36	m	m	PROPN
fbem-9859	49	37	,	,	PUNCT
fbem-9859	49	38	1991	1991	NUM
fbem-9859	49	39	)	)	PUNCT
fbem-9859	49	40	.	.	PUNCT
fbem-9859	50	1	according	accord	VERB
fbem-9859	50	2	to	to	ADP
fbem-9859	50	3	porter	porter	NOUN
fbem-9859	50	4	's	's	PART
fbem-9859	50	5	hypothesis	hypothesis	NOUN
fbem-9859	50	6	,	,	PUNCT
fbem-9859	50	7	sound	sound	ADJ
fbem-9859	50	8	environmental	environmental	ADJ
fbem-9859	50	9	regulations	regulation	NOUN
fbem-9859	50	10	can	can	AUX
fbem-9859	50	11	promote	promote	VERB
fbem-9859	50	12	technological	technological	ADJ
fbem-9859	50	13	innovation	innovation	NOUN
fbem-9859	50	14	(	(	PUNCT
fbem-9859	50	15	porter	porter	NOUN
fbem-9859	50	16	and	and	CCONJ
fbem-9859	50	17	linde	linde	PROPN
fbem-9859	50	18	,	,	PUNCT
fbem-9859	50	19	1995	1995	NUM
fbem-9859	50	20	)	)	PUNCT
fbem-9859	50	21	.	.	PUNCT
fbem-9859	51	1	strict	strict	ADJ
fbem-9859	51	2	and	and	CCONJ
fbem-9859	51	3	appropriate	appropriate	ADJ
fbem-9859	51	4	environmental	environmental	ADJ
fbem-9859	51	5	regulations	regulation	NOUN
fbem-9859	51	6	can	can	AUX
fbem-9859	51	7	force	force	VERB
fbem-9859	51	8	enterprises	enterprise	NOUN
fbem-9859	51	9	to	to	PART
fbem-9859	51	10	make	make	VERB
fbem-9859	51	11	more	more	ADJ
fbem-9859	51	12	green	green	ADJ
fbem-9859	51	13	innovations	innovation	NOUN
fbem-9859	51	14	in	in	ADP
fbem-9859	51	15	energy	energy	NOUN
fbem-9859	51	16	conservation	conservation	NOUN
fbem-9859	51	17	and	and	CCONJ
fbem-9859	51	18	environmental	environmental	ADJ
fbem-9859	51	19	protection	protection	NOUN
fbem-9859	51	20	,	,	PUNCT
fbem-9859	51	21	which	which	PRON
fbem-9859	51	22	is	be	AUX
fbem-9859	51	23	manifested	manifest	VERB
fbem-9859	51	24	as	as	ADP
fbem-9859	51	25	a	a	DET
fbem-9859	51	26	"	"	PUNCT
fbem-9859	51	27	compensating	compensate	VERB
fbem-9859	51	28	effect	effect	NOUN
fbem-9859	51	29	"	"	PUNCT
fbem-9859	51	30	and	and	CCONJ
fbem-9859	51	31	improves	improve	VERB
fbem-9859	51	32	the	the	DET
fbem-9859	51	33	productivity	productivity	NOUN
fbem-9859	51	34	and	and	CCONJ
fbem-9859	51	35	market	market	NOUN
fbem-9859	51	36	competitiveness	competitiveness	NOUN
fbem-9859	51	37	of	of	ADP
fbem-9859	51	38	enterprises	enterprise	NOUN
fbem-9859	51	39	.	.	PUNCT
fbem-9859	52	1	2.3	2.3	NUM
fbem-9859	52	2	.	.	PUNCT
fbem-9859	52	3	carbon	carbon	NOUN
fbem-9859	52	4	trading	trading	NOUN
fbem-9859	52	5	policy	policy	NOUN
fbem-9859	52	6	and	and	CCONJ
fbem-9859	52	7	green	green	ADJ
fbem-9859	52	8	technology	technology	NOUN
fbem-9859	52	9	innovation	innovation	NOUN
fbem-9859	52	10	early	early	ADJ
fbem-9859	52	11	studies	study	NOUN
fbem-9859	52	12	on	on	ADP
fbem-9859	52	13	carbon	carbon	NOUN
fbem-9859	52	14	trading	trading	NOUN
fbem-9859	52	15	policies	policy	NOUN
fbem-9859	52	16	mainly	mainly	ADV
fbem-9859	52	17	focused	focus	VERB
fbem-9859	52	18	on	on	ADP
fbem-9859	52	19	the	the	DET
fbem-9859	52	20	european	european	PROPN
fbem-9859	52	21	union	union	PROPN
fbem-9859	52	22	emission	emission	NOUN
fbem-9859	52	23	trading	trading	NOUN
fbem-9859	52	24	system	system	NOUN
fbem-9859	52	25	(	(	PUNCT
fbem-9859	52	26	eu	eu	PROPN
fbem-9859	52	27	ets	ets	PROPN
fbem-9859	52	28	)	)	PUNCT
fbem-9859	52	29	.	.	PUNCT
fbem-9859	53	1	calel	calel	ADJ
fbem-9859	53	2	(	(	PUNCT
fbem-9859	53	3	2016	2016	NUM
fbem-9859	53	4	)	)	PUNCT
fbem-9859	53	5	studied	study	VERB
fbem-9859	53	6	the	the	DET
fbem-9859	53	7	impact	impact	NOUN
fbem-9859	53	8	of	of	ADP
fbem-9859	53	9	carbon	carbon	NOUN
fbem-9859	53	10	trading	trading	NOUN
fbem-9859	53	11	on	on	ADP
fbem-9859	53	12	corporate	corporate	ADJ
fbem-9859	53	13	green	green	ADJ
fbem-9859	53	14	technology	technology	NOUN
fbem-9859	53	15	innovation	innovation	NOUN
fbem-9859	53	16	in	in	ADP
fbem-9859	53	17	the	the	DET
fbem-9859	53	18	eu	eu	PROPN
fbem-9859	53	19	carbon	carbon	NOUN
fbem-9859	53	20	market	market	NOUN
fbem-9859	53	21	and	and	CCONJ
fbem-9859	53	22	showed	show	VERB
fbem-9859	53	23	that	that	SCONJ
fbem-9859	53	24	the	the	DET
fbem-9859	53	25	level	level	NOUN
fbem-9859	53	26	of	of	ADP
fbem-9859	53	27	green	green	ADJ
fbem-9859	53	28	technology	technology	NOUN
fbem-9859	53	29	innovation	innovation	NOUN
fbem-9859	53	30	in	in	ADP
fbem-9859	53	31	carbon	carbon	NOUN
fbem-9859	53	32	trading	trading	NOUN
fbem-9859	53	33	covered	cover	VERB
fbem-9859	53	34	companies	company	NOUN
fbem-9859	53	35	increased	increase	VERB
fbem-9859	53	36	by	by	ADP
fbem-9859	53	37	10	10	NUM
fbem-9859	53	38	%	%	NOUN
fbem-9859	53	39	.	.	PUNCT
fbem-9859	54	1	qi	qi	PROPN
fbem-9859	54	2	and	and	CCONJ
fbem-9859	54	3	zhang	zhang	PROPN
fbem-9859	54	4	found	find	VERB
fbem-9859	54	5	that	that	SCONJ
fbem-9859	54	6	in	in	ADP
fbem-9859	54	7	the	the	DET
fbem-9859	54	8	first	first	ADJ
fbem-9859	54	9	phase	phase	NOUN
fbem-9859	54	10	of	of	ADP
fbem-9859	54	11	the	the	DET
fbem-9859	54	12	eu	eu	PROPN
fbem-9859	54	13	ets	ets	PROPN
fbem-9859	54	14	,	,	PUNCT
fbem-9859	54	15	which	which	PRON
fbem-9859	54	16	was	be	AUX
fbem-9859	54	17	dominated	dominate	VERB
fbem-9859	54	18	by	by	ADP
fbem-9859	54	19	the	the	DET
fbem-9859	54	20	historical	historical	ADJ
fbem-9859	54	21	method	method	NOUN
fbem-9859	54	22	,	,	PUNCT
fbem-9859	54	23	renewable	renewable	ADJ
fbem-9859	54	24	energy	energy	NOUN
fbem-9859	54	25	technology	technology	NOUN
fbem-9859	54	26	innovation	innovation	NOUN
fbem-9859	54	27	in	in	ADP
fbem-9859	54	28	member	member	NOUN
fbem-9859	54	29	countries	country	NOUN
fbem-9859	54	30	was	be	AUX
fbem-9859	54	31	significantly	significantly	ADV
fbem-9859	54	32	insufficient	insufficient	ADJ
fbem-9859	54	33	.	.	PUNCT
fbem-9859	55	1	hasan	hasan	PROPN
fbem-9859	55	2	et	et	PROPN
fbem-9859	55	3	al	al	PROPN
fbem-9859	55	4	.	.	PROPN
fbem-9859	55	5	(	(	PUNCT
fbem-9859	55	6	2021	2021	NUM
fbem-9859	55	7	)	)	PUNCT
fbem-9859	55	8	developed	develop	VERB
fbem-9859	55	9	a	a	DET
fbem-9859	55	10	model	model	NOUN
fbem-9859	55	11	under	under	ADP
fbem-9859	55	12	the	the	DET
fbem-9859	55	13	carbon	carbon	NOUN
fbem-9859	55	14	tax	tax	NOUN
fbem-9859	55	15	,	,	PUNCT
fbem-9859	55	16	cap	cap	NOUN
fbem-9859	55	17	-	-	PUNCT
fbem-9859	55	18	and	and	CCONJ
fbem-9859	55	19	-	-	PUNCT
fbem-9859	55	20	trade	trade	NOUN
fbem-9859	55	21	,	,	PUNCT
fbem-9859	55	22	and	and	CCONJ
fbem-9859	55	23	carbon	carbon	NOUN
fbem-9859	55	24	cap	cap	NOUN
fbem-9859	55	25	regimes	regime	NOUN
fbem-9859	55	26	and	and	CCONJ
fbem-9859	55	27	found	find	VERB
fbem-9859	55	28	that	that	SCONJ
fbem-9859	55	29	under	under	ADP
fbem-9859	55	30	the	the	DET
fbem-9859	55	31	carbon	carbon	NOUN
fbem-9859	55	32	cap	cap	NOUN
fbem-9859	55	33	regime	regime	NOUN
fbem-9859	55	34	,	,	PUNCT
fbem-9859	55	35	the	the	DET
fbem-9859	55	36	profits	profit	NOUN
fbem-9859	55	37	gained	gain	VERB
fbem-9859	55	38	by	by	ADP
fbem-9859	55	39	firms	firm	NOUN
fbem-9859	55	40	were	be	AUX
fbem-9859	55	41	proportional	proportional	ADJ
fbem-9859	55	42	to	to	ADP
fbem-9859	55	43	the	the	DET
fbem-9859	55	44	investment	investment	NOUN
fbem-9859	55	45	in	in	ADP
fbem-9859	55	46	green	green	ADJ
fbem-9859	55	47	technology	technology	NOUN
fbem-9859	55	48	innovation	innovation	NOUN
fbem-9859	55	49	.	.	PUNCT
fbem-9859	56	1	research	research	NOUN
fbem-9859	56	2	on	on	ADP
fbem-9859	56	3	carbon	carbon	NOUN
fbem-9859	56	4	trading	trading	NOUN
fbem-9859	56	5	systems	system	NOUN
fbem-9859	56	6	in	in	ADP
fbem-9859	56	7	china	china	PROPN
fbem-9859	56	8	has	have	AUX
fbem-9859	56	9	only	only	ADV
fbem-9859	56	10	begun	begin	VERB
fbem-9859	56	11	in	in	ADP
fbem-9859	56	12	recent	recent	ADJ
fbem-9859	56	13	years	year	NOUN
fbem-9859	56	14	,	,	PUNCT
fbem-9859	56	15	and	and	CCONJ
fbem-9859	56	16	studies	study	NOUN
fbem-9859	56	17	on	on	ADP
fbem-9859	56	18	the	the	DET
fbem-9859	56	19	impact	impact	NOUN
fbem-9859	56	20	of	of	ADP
fbem-9859	56	21	carbon	carbon	NOUN
fbem-9859	56	22	trading	trading	NOUN
fbem-9859	56	23	policies	policy	NOUN
fbem-9859	56	24	on	on	ADP
fbem-9859	56	25	green	green	ADJ
fbem-9859	56	26	technology	technology	NOUN
fbem-9859	56	27	innovation	innovation	NOUN
fbem-9859	56	28	begin	begin	VERB
fbem-9859	56	29	to	to	PART
fbem-9859	56	30	increase	increase	VERB
fbem-9859	56	31	.	.	PUNCT
fbem-9859	57	1	chen	chen	PROPN
fbem-9859	57	2	et	et	PROPN
fbem-9859	57	3	al	al	PROPN
fbem-9859	57	4	.	.	PROPN
fbem-9859	57	5	(	(	PUNCT
fbem-9859	57	6	2021	2021	NUM
fbem-9859	57	7	)	)	PUNCT
fbem-9859	57	8	find	find	VERB
fbem-9859	57	9	that	that	SCONJ
fbem-9859	57	10	porter	porter	NOUN
fbem-9859	57	11	's	's	PART
fbem-9859	57	12	"	"	PUNCT
fbem-9859	57	13	weak	weak	ADJ
fbem-9859	57	14	"	"	PUNCT
fbem-9859	57	15	hypothesis	hypothesis	NOUN
fbem-9859	57	16	is	be	AUX
fbem-9859	57	17	not	not	PART
fbem-9859	57	18	fully	fully	ADV
fbem-9859	57	19	realized	realize	VERB
fbem-9859	57	20	in	in	ADP
fbem-9859	57	21	the	the	DET
fbem-9859	57	22	carbon	carbon	NOUN
fbem-9859	57	23	market	market	NOUN
fbem-9859	57	24	,	,	PUNCT
fbem-9859	57	25	and	and	CCONJ
fbem-9859	57	26	the	the	DET
fbem-9859	57	27	pilot	pilot	NOUN
fbem-9859	57	28	carbon	carbon	NOUN
fbem-9859	57	29	trading	trading	NOUN
fbem-9859	57	30	policy	policy	NOUN
fbem-9859	57	31	inhibits	inhibit	VERB
fbem-9859	57	32	green	green	ADJ
fbem-9859	57	33	innovation	innovation	NOUN
fbem-9859	57	34	,	,	PUNCT
fbem-9859	57	35	and	and	CCONJ
fbem-9859	57	36	this	this	DET
fbem-9859	57	37	inhibition	inhibition	NOUN
fbem-9859	57	38	is	be	AUX
fbem-9859	57	39	a	a	DET
fbem-9859	57	40	lagged	lag	VERB
fbem-9859	57	41	effect	effect	NOUN
fbem-9859	57	42	;	;	PUNCT
fbem-9859	57	43	zhang	zhang	PROPN
fbem-9859	57	44	et	et	PROPN
fbem-9859	57	45	al	al	PROPN
fbem-9859	57	46	.	.	PROPN
fbem-9859	57	47	(	(	PUNCT
fbem-9859	57	48	2022	2022	NUM
fbem-9859	57	49	)	)	PUNCT
fbem-9859	57	50	found	find	VERB
fbem-9859	57	51	that	that	SCONJ
fbem-9859	57	52	carbon	carbon	NOUN
fbem-9859	57	53	trading	trading	NOUN
fbem-9859	57	54	policies	policy	NOUN
fbem-9859	57	55	squeeze	squeeze	VERB
fbem-9859	57	56	out	out	ADP
fbem-9859	57	57	r&d	r&d	NOUN
fbem-9859	57	58	investment	investment	NOUN
fbem-9859	57	59	and	and	CCONJ
fbem-9859	57	60	inhibit	inhibit	VERB
fbem-9859	57	61	green	green	ADJ
fbem-9859	57	62	innovation	innovation	NOUN
fbem-9859	57	63	at	at	ADP
fbem-9859	57	64	this	this	DET
fbem-9859	57	65	stage	stage	NOUN
fbem-9859	57	66	,	,	PUNCT
fbem-9859	57	67	but	but	CCONJ
fbem-9859	57	68	significantly	significantly	ADV
fbem-9859	57	69	reduce	reduce	VERB
fbem-9859	57	70	carbon	carbon	NOUN
fbem-9859	57	71	emissions	emission	NOUN
fbem-9859	57	72	and	and	CCONJ
fbem-9859	57	73	carbon	carbon	NOUN
fbem-9859	57	74	intensity	intensity	NOUN
fbem-9859	57	75	.	.	PUNCT
fbem-9859	58	1	most	most	ADJ
fbem-9859	58	2	studies	study	NOUN
fbem-9859	58	3	have	have	AUX
fbem-9859	58	4	shown	show	VERB
fbem-9859	58	5	that	that	SCONJ
fbem-9859	58	6	carbon	carbon	NOUN
fbem-9859	58	7	trading	trading	NOUN
fbem-9859	58	8	policy	policy	NOUN
fbem-9859	58	9	as	as	ADP
fbem-9859	58	10	a	a	DET
fbem-9859	58	11	market	market	NOUN
fbem-9859	58	12	-	-	PUNCT
fbem-9859	58	13	based	base	VERB
fbem-9859	58	14	instrument	instrument	NOUN
fbem-9859	58	15	can	can	AUX
fbem-9859	58	16	significantly	significantly	ADV
fbem-9859	58	17	promote	promote	VERB
fbem-9859	58	18	green	green	ADJ
fbem-9859	58	19	technology	technology	NOUN
fbem-9859	58	20	innovation	innovation	NOUN
fbem-9859	58	21	of	of	ADP
fbem-9859	58	22	enterprises	enterprise	NOUN
fbem-9859	58	23	,	,	PUNCT
fbem-9859	58	24	and	and	CCONJ
fbem-9859	58	25	the	the	DET
fbem-9859	58	26	existing	exist	VERB
fbem-9859	58	27	literature	literature	NOUN
fbem-9859	58	28	mainly	mainly	ADV
fbem-9859	58	29	elaborates	elaborate	VERB
fbem-9859	58	30	on	on	ADP
fbem-9859	58	31	the	the	DET
fbem-9859	58	32	mechanism	mechanism	NOUN
fbem-9859	58	33	of	of	ADP
fbem-9859	58	34	action	action	NOUN
fbem-9859	58	35	from	from	ADP
fbem-9859	58	36	the	the	DET
fbem-9859	58	37	perspectives	perspective	NOUN
fbem-9859	58	38	of	of	ADP
fbem-9859	58	39	policy	policy	NOUN
fbem-9859	58	40	expectations	expectation	NOUN
fbem-9859	58	41	,	,	PUNCT
fbem-9859	58	42	quota	quota	NOUN
fbem-9859	58	43	allocation	allocation	NOUN
fbem-9859	58	44	methods	method	NOUN
fbem-9859	58	45	,	,	PUNCT
fbem-9859	58	46	and	and	CCONJ
fbem-9859	58	47	carbon	carbon	NOUN
fbem-9859	58	48	price	price	NOUN
fbem-9859	58	49	signaling	signaling	NOUN
fbem-9859	58	50	.	.	PUNCT
fbem-9859	59	1	using	use	VERB
fbem-9859	59	2	a	a	DET
fbem-9859	59	3	synthetic	synthetic	ADJ
fbem-9859	59	4	control	control	NOUN
fbem-9859	59	5	method	method	NOUN
fbem-9859	59	6	,	,	PUNCT
fbem-9859	59	7	wang	wang	PROPN
fbem-9859	59	8	(	(	PUNCT
fbem-9859	59	9	2020	2020	NUM
fbem-9859	59	10	)	)	PUNCT
fbem-9859	59	11	found	find	VERB
fbem-9859	59	12	that	that	SCONJ
fbem-9859	59	13	carbon	carbon	NOUN
fbem-9859	59	14	trading	trading	NOUN
fbem-9859	59	15	in	in	ADP
fbem-9859	59	16	pilot	pilot	NOUN
fbem-9859	59	17	regions	region	NOUN
fbem-9859	59	18	can	can	AUX
fbem-9859	59	19	significantly	significantly	ADV
fbem-9859	59	20	promote	promote	VERB
fbem-9859	59	21	low	low	ADJ
fbem-9859	59	22	-	-	PUNCT
fbem-9859	59	23	carbon	carbon	NOUN
fbem-9859	59	24	technology	technology	NOUN
fbem-9859	59	25	innovation	innovation	NOUN
fbem-9859	59	26	activities	activity	NOUN
fbem-9859	59	27	from	from	ADP
fbem-9859	59	28	the	the	DET
fbem-9859	59	29	perspectives	perspective	NOUN
fbem-9859	59	30	of	of	ADP
fbem-9859	59	31	40	40	NUM
fbem-9859	59	32	policy	policy	NOUN
fbem-9859	59	33	expectations	expectation	NOUN
fbem-9859	59	34	and	and	CCONJ
fbem-9859	59	35	signaling	signal	VERB
fbem-9859	59	36	mechanisms	mechanism	NOUN
fbem-9859	59	37	(	(	PUNCT
fbem-9859	59	38	wang	wang	PROPN
fbem-9859	59	39	et	et	PROPN
fbem-9859	59	40	al	al	PROPN
fbem-9859	59	41	.	.	PROPN
fbem-9859	59	42	,2019	,2019	PUNCT
fbem-9859	59	43	)	)	PUNCT
fbem-9859	59	44	.	.	PUNCT
fbem-9859	60	1	song	song	NOUN
fbem-9859	60	2	et	et	PROPN
fbem-9859	60	3	al	al	PROPN
fbem-9859	60	4	.	.	PROPN
fbem-9859	61	1	(	(	PUNCT
fbem-9859	61	2	2021	2021	NUM
fbem-9859	61	3	)	)	PUNCT
fbem-9859	61	4	discuss	discuss	VERB
fbem-9859	61	5	the	the	DET
fbem-9859	61	6	impact	impact	NOUN
fbem-9859	61	7	of	of	ADP
fbem-9859	61	8	carbon	carbon	NOUN
fbem-9859	61	9	emissions	emission	NOUN
fbem-9859	61	10	trading	trading	NOUN
fbem-9859	61	11	on	on	ADP
fbem-9859	61	12	enterprises	enterprise	NOUN
fbem-9859	61	13	'	'	PART
fbem-9859	61	14	green	green	ADJ
fbem-9859	61	15	technology	technology	NOUN
fbem-9859	61	16	innovation	innovation	NOUN
fbem-9859	61	17	in	in	ADP
fbem-9859	61	18	terms	term	NOUN
fbem-9859	61	19	of	of	ADP
fbem-9859	61	20	allowance	allowance	NOUN
fbem-9859	61	21	allocation	allocation	NOUN
fbem-9859	61	22	methods	method	NOUN
fbem-9859	61	23	,	,	PUNCT
fbem-9859	61	24	and	and	CCONJ
fbem-9859	61	25	conclude	conclude	VERB
fbem-9859	61	26	that	that	SCONJ
fbem-9859	61	27	the	the	DET
fbem-9859	61	28	benchmark	benchmark	NOUN
fbem-9859	61	29	method	method	NOUN
fbem-9859	61	30	has	have	VERB
fbem-9859	61	31	a	a	DET
fbem-9859	61	32	stronger	strong	ADJ
fbem-9859	61	33	incentive	incentive	NOUN
fbem-9859	61	34	effect	effect	NOUN
fbem-9859	61	35	on	on	ADP
fbem-9859	61	36	enterprises	enterprise	NOUN
fbem-9859	61	37	'	'	PART
fbem-9859	61	38	green	green	ADJ
fbem-9859	61	39	innovation	innovation	NOUN
fbem-9859	61	40	activities	activity	NOUN
fbem-9859	61	41	,	,	PUNCT
fbem-9859	61	42	and	and	CCONJ
fbem-9859	61	43	is	be	AUX
fbem-9859	61	44	conducive	conducive	ADJ
fbem-9859	61	45	to	to	ADP
fbem-9859	61	46	motivating	motivate	VERB
fbem-9859	61	47	enterprises	enterprise	NOUN
fbem-9859	61	48	with	with	ADP
fbem-9859	61	49	more	more	ADJ
fbem-9859	61	50	green	green	ADJ
fbem-9859	61	51	innovation	innovation	NOUN
fbem-9859	61	52	accumulation	accumulation	NOUN
fbem-9859	61	53	in	in	ADP
fbem-9859	61	54	the	the	DET
fbem-9859	61	55	early	early	ADJ
fbem-9859	61	56	stage	stage	NOUN
fbem-9859	61	57	to	to	PART
fbem-9859	61	58	engage	engage	VERB
fbem-9859	61	59	in	in	ADP
fbem-9859	61	60	green	green	ADJ
fbem-9859	61	61	innovation	innovation	NOUN
fbem-9859	61	62	activities	activity	NOUN
fbem-9859	61	63	,	,	PUNCT
fbem-9859	61	64	while	while	SCONJ
fbem-9859	61	65	the	the	DET
fbem-9859	61	66	historical	historical	ADJ
fbem-9859	61	67	method	method	NOUN
fbem-9859	61	68	will	will	AUX
fbem-9859	61	69	weaken	weaken	VERB
fbem-9859	61	70	the	the	DET
fbem-9859	61	71	motivation	motivation	NOUN
fbem-9859	61	72	of	of	ADP
fbem-9859	61	73	enterprises	enterprise	NOUN
fbem-9859	61	74	with	with	ADP
fbem-9859	61	75	higher	high	ADJ
fbem-9859	61	76	green	green	ADJ
fbem-9859	61	77	innovation	innovation	NOUN
fbem-9859	61	78	level	level	NOUN
fbem-9859	61	79	in	in	ADP
fbem-9859	61	80	the	the	DET
fbem-9859	61	81	early	early	ADJ
fbem-9859	61	82	stage	stage	NOUN
fbem-9859	61	83	to	to	PART
fbem-9859	61	84	engage	engage	VERB
fbem-9859	61	85	in	in	ADP
fbem-9859	61	86	green	green	ADJ
fbem-9859	61	87	innovation	innovation	NOUN
fbem-9859	61	88	,	,	PUNCT
fbem-9859	61	89	resulting	result	VERB
fbem-9859	61	90	in	in	ADP
fbem-9859	61	91	the	the	DET
fbem-9859	61	92	"	"	PUNCT
fbem-9859	61	93	whipping	whip	VERB
fbem-9859	61	94	the	the	DET
fbem-9859	61	95	fast	fast	ADJ
fbem-9859	61	96	cow	cow	NOUN
fbem-9859	61	97	"	"	PUNCT
fbem-9859	61	98	effect	effect	NOUN
fbem-9859	61	99	.	.	PUNCT
fbem-9859	62	1	zhu	zhu	PROPN
fbem-9859	62	2	et	et	PROPN
fbem-9859	62	3	al	al	PROPN
fbem-9859	62	4	.	.	PROPN
fbem-9859	62	5	(	(	PUNCT
fbem-9859	62	6	2019	2019	NUM
fbem-9859	62	7	)	)	PUNCT
fbem-9859	62	8	also	also	ADV
fbem-9859	62	9	elaborate	elaborate	VERB
fbem-9859	62	10	on	on	ADP
fbem-9859	62	11	the	the	DET
fbem-9859	62	12	impact	impact	NOUN
fbem-9859	62	13	mechanism	mechanism	NOUN
fbem-9859	62	14	from	from	ADP
fbem-9859	62	15	the	the	DET
fbem-9859	62	16	perspective	perspective	NOUN
fbem-9859	62	17	of	of	ADP
fbem-9859	62	18	quota	quota	NOUN
fbem-9859	62	19	allocation	allocation	NOUN
fbem-9859	62	20	structure	structure	NOUN
fbem-9859	62	21	and	and	CCONJ
fbem-9859	62	22	find	find	VERB
fbem-9859	62	23	that	that	SCONJ
fbem-9859	62	24	the	the	DET
fbem-9859	62	25	incentive	incentive	NOUN
fbem-9859	62	26	effect	effect	NOUN
fbem-9859	62	27	of	of	ADP
fbem-9859	62	28	carbon	carbon	NOUN
fbem-9859	62	29	trading	trading	NOUN
fbem-9859	62	30	policy	policy	NOUN
fbem-9859	62	31	on	on	ADP
fbem-9859	62	32	green	green	ADJ
fbem-9859	62	33	innovation	innovation	NOUN
fbem-9859	62	34	is	be	AUX
fbem-9859	62	35	more	more	ADV
fbem-9859	62	36	significant	significant	ADJ
fbem-9859	62	37	for	for	ADP
fbem-9859	62	38	firms	firm	NOUN
fbem-9859	62	39	with	with	ADP
fbem-9859	62	40	large	large	ADJ
fbem-9859	62	41	-	-	PUNCT
fbem-9859	62	42	scale	scale	NOUN
fbem-9859	62	43	allocation	allocation	NOUN
fbem-9859	62	44	,	,	PUNCT
fbem-9859	62	45	which	which	PRON
fbem-9859	62	46	is	be	AUX
fbem-9859	62	47	better	well	ADJ
fbem-9859	62	48	than	than	ADP
fbem-9859	62	49	that	that	PRON
fbem-9859	62	50	of	of	ADP
fbem-9859	62	51	firms	firm	NOUN
fbem-9859	62	52	with	with	ADP
fbem-9859	62	53	ratio	ratio	NOUN
fbem-9859	62	54	allocation	allocation	NOUN
fbem-9859	62	55	.	.	PUNCT
fbem-9859	63	1	from	from	ADP
fbem-9859	63	2	the	the	DET
fbem-9859	63	3	carbon	carbon	NOUN
fbem-9859	63	4	price	price	NOUN
fbem-9859	63	5	signaling	signal	VERB
fbem-9859	63	6	perspective	perspective	NOUN
fbem-9859	63	7	,	,	PUNCT
fbem-9859	63	8	l	l	PROPN
fbem-9859	63	9	et	et	PROPN
fbem-9859	63	10	al	al	PROPN
fbem-9859	63	11	.	.	PROPN
fbem-9859	64	1	(	(	PUNCT
fbem-9859	64	2	2019	2019	NUM
fbem-9859	64	3	)	)	PUNCT
fbem-9859	64	4	explore	explore	VERB
fbem-9859	64	5	the	the	DET
fbem-9859	64	6	role	role	NOUN
fbem-9859	64	7	and	and	CCONJ
fbem-9859	64	8	influence	influence	NOUN
fbem-9859	64	9	of	of	ADP
fbem-9859	64	10	carbon	carbon	NOUN
fbem-9859	64	11	price	price	NOUN
fbem-9859	64	12	level	level	NOUN
fbem-9859	64	13	in	in	ADP
fbem-9859	64	14	the	the	DET
fbem-9859	64	15	carbon	carbon	NOUN
fbem-9859	64	16	market	market	NOUN
fbem-9859	64	17	and	and	CCONJ
fbem-9859	64	18	find	find	VERB
fbem-9859	64	19	that	that	SCONJ
fbem-9859	64	20	a	a	DET
fbem-9859	64	21	carbon	carbon	NOUN
fbem-9859	64	22	price	price	NOUN
fbem-9859	64	23	at	at	ADP
fbem-9859	64	24	a	a	DET
fbem-9859	64	25	low	low	ADJ
fbem-9859	64	26	level	level	NOUN
fbem-9859	64	27	can	can	AUX
fbem-9859	64	28	not	not	PART
fbem-9859	64	29	bring	bring	VERB
fbem-9859	64	30	any	any	DET
fbem-9859	64	31	significance	significance	NOUN
fbem-9859	64	32	,	,	PUNCT
fbem-9859	64	33	and	and	CCONJ
fbem-9859	64	34	a	a	DET
fbem-9859	64	35	carbon	carbon	NOUN
fbem-9859	64	36	price	price	NOUN
fbem-9859	64	37	with	with	ADP
fbem-9859	64	38	corresponding	correspond	VERB
fbem-9859	64	39	carbon	carbon	NOUN
fbem-9859	64	40	subsidy	subsidy	NOUN
fbem-9859	64	41	policy	policy	NOUN
fbem-9859	64	42	can	can	AUX
fbem-9859	64	43	play	play	VERB
fbem-9859	64	44	a	a	DET
fbem-9859	64	45	carbon	carbon	NOUN
fbem-9859	64	46	emission	emission	NOUN
fbem-9859	64	47	reduction	reduction	NOUN
fbem-9859	64	48	effect	effect	NOUN
fbem-9859	64	49	and	and	CCONJ
fbem-9859	64	50	promote	promote	VERB
fbem-9859	64	51	enterprises	enterprise	NOUN
fbem-9859	64	52	'	'	PART
fbem-9859	64	53	green	green	ADJ
fbem-9859	64	54	technology	technology	NOUN
fbem-9859	64	55	innovation	innovation	NOUN
fbem-9859	64	56	;	;	PUNCT
fbem-9859	64	57	wei	wei	PROPN
fbem-9859	64	58	et	et	PROPN
fbem-9859	64	59	al	al	PROPN
fbem-9859	64	60	.	.	PROPN
fbem-9859	65	1	(	(	PUNCT
fbem-9859	65	2	2021	2021	NUM
fbem-9859	65	3	)	)	PUNCT
fbem-9859	65	4	find	find	VERB
fbem-9859	65	5	that	that	SCONJ
fbem-9859	65	6	carbon	carbon	NOUN
fbem-9859	65	7	emissions	emission	NOUN
fbem-9859	65	8	trading	trading	NOUN
fbem-9859	65	9	can	can	AUX
fbem-9859	65	10	significantly	significantly	ADV
fbem-9859	65	11	promote	promote	VERB
fbem-9859	65	12	enterprises	enterprise	NOUN
fbem-9859	65	13	'	'	PART
fbem-9859	65	14	green	green	ADJ
fbem-9859	65	15	technology	technology	NOUN
fbem-9859	65	16	innovation	innovation	NOUN
fbem-9859	65	17	,	,	PUNCT
fbem-9859	65	18	and	and	CCONJ
fbem-9859	65	19	this	this	DET
fbem-9859	65	20	promotion	promotion	NOUN
fbem-9859	65	21	effect	effect	NOUN
fbem-9859	65	22	is	be	AUX
fbem-9859	65	23	more	more	ADV
fbem-9859	65	24	significant	significant	ADJ
fbem-9859	65	25	when	when	SCONJ
fbem-9859	65	26	the	the	DET
fbem-9859	65	27	carbon	carbon	NOUN
fbem-9859	65	28	price	price	NOUN
fbem-9859	65	29	is	be	AUX
fbem-9859	65	30	higher	high	ADJ
fbem-9859	65	31	.	.	PUNCT
fbem-9859	66	1	the	the	DET
fbem-9859	66	2	carbon	carbon	NOUN
fbem-9859	66	3	price	price	NOUN
fbem-9859	66	4	,	,	PUNCT
fbem-9859	66	5	as	as	ADP
fbem-9859	66	6	a	a	DET
fbem-9859	66	7	carbon	carbon	NOUN
fbem-9859	66	8	market	market	NOUN
fbem-9859	66	9	mechanism	mechanism	NOUN
fbem-9859	66	10	,	,	PUNCT
fbem-9859	66	11	can	can	AUX
fbem-9859	66	12	stimulate	stimulate	VERB
fbem-9859	66	13	the	the	DET
fbem-9859	66	14	green	green	ADJ
fbem-9859	66	15	technology	technology	NOUN
fbem-9859	66	16	innovation	innovation	NOUN
fbem-9859	66	17	behavior	behavior	NOUN
fbem-9859	66	18	of	of	ADP
fbem-9859	66	19	enterprises	enterprise	NOUN
fbem-9859	66	20	,	,	PUNCT
fbem-9859	66	21	while	while	SCONJ
fbem-9859	66	22	other	other	ADJ
fbem-9859	66	23	indicators	indicator	NOUN
fbem-9859	66	24	to	to	PART
fbem-9859	66	25	measure	measure	VERB
fbem-9859	66	26	carbon	carbon	NOUN
fbem-9859	66	27	market	market	NOUN
fbem-9859	66	28	mechanism	mechanism	NOUN
fbem-9859	66	29	include	include	VERB
fbem-9859	66	30	carbon	carbon	NOUN
fbem-9859	66	31	market	market	NOUN
fbem-9859	66	32	liquidity	liquidity	NOUN
fbem-9859	66	33	and	and	CCONJ
fbem-9859	66	34	trading	trading	NOUN
fbem-9859	66	35	scale	scale	NOUN
fbem-9859	66	36	,	,	PUNCT
fbem-9859	66	37	etc	etc	X
fbem-9859	66	38	.	.	X
fbem-9859	67	1	this	this	DET
fbem-9859	67	2	paper	paper	NOUN
fbem-9859	67	3	will	will	AUX
fbem-9859	67	4	explore	explore	VERB
fbem-9859	67	5	the	the	DET
fbem-9859	67	6	regulatory	regulatory	ADJ
fbem-9859	67	7	role	role	NOUN
fbem-9859	67	8	of	of	ADP
fbem-9859	67	9	carbon	carbon	NOUN
fbem-9859	67	10	price	price	NOUN
fbem-9859	67	11	,	,	PUNCT
fbem-9859	67	12	market	market	NOUN
fbem-9859	67	13	liquidity	liquidity	NOUN
fbem-9859	67	14	,	,	PUNCT
fbem-9859	67	15	and	and	CCONJ
fbem-9859	67	16	carbon	carbon	NOUN
fbem-9859	67	17	trading	trading	NOUN
fbem-9859	67	18	scale	scale	NOUN
fbem-9859	67	19	in	in	ADP
fbem-9859	67	20	the	the	DET
fbem-9859	67	21	process	process	NOUN
fbem-9859	67	22	of	of	ADP
fbem-9859	67	23	policy	policy	NOUN
fbem-9859	67	24	play	play	NOUN
fbem-9859	67	25	from	from	ADP
fbem-9859	67	26	three	three	NUM
fbem-9859	67	27	perspectives	perspective	NOUN
fbem-9859	67	28	respectively	respectively	ADV
fbem-9859	67	29	,	,	PUNCT
fbem-9859	67	30	and	and	CCONJ
fbem-9859	67	31	enrich	enrich	VERB
fbem-9859	67	32	the	the	DET
fbem-9859	67	33	existing	exist	VERB
fbem-9859	67	34	perspective	perspective	NOUN
fbem-9859	67	35	of	of	ADP
fbem-9859	67	36	mechanism	mechanism	NOUN
fbem-9859	67	37	elaboration	elaboration	NOUN
fbem-9859	67	38	.	.	PUNCT
fbem-9859	68	1	3	3	X
fbem-9859	68	2	.	.	X
fbem-9859	68	3	theoretical	theoretical	ADJ
fbem-9859	68	4	analysis	analysis	NOUN
fbem-9859	68	5	and	and	CCONJ
fbem-9859	68	6	research	research	NOUN
fbem-9859	68	7	hypothesis	hypothesis	NOUN
fbem-9859	68	8	apparently	apparently	ADV
fbem-9859	68	9	,	,	PUNCT
fbem-9859	68	10	there	there	PRON
fbem-9859	68	11	are	be	VERB
fbem-9859	68	12	two	two	NUM
fbem-9859	68	13	opposing	oppose	VERB
fbem-9859	68	14	views	view	NOUN
fbem-9859	68	15	of	of	ADP
fbem-9859	68	16	scholars	scholar	NOUN
fbem-9859	68	17	on	on	ADP
fbem-9859	68	18	the	the	DET
fbem-9859	68	19	relationship	relationship	NOUN
fbem-9859	68	20	between	between	ADP
fbem-9859	68	21	environmental	environmental	ADJ
fbem-9859	68	22	regulation	regulation	NOUN
fbem-9859	68	23	and	and	CCONJ
fbem-9859	68	24	green	green	ADJ
fbem-9859	68	25	technology	technology	NOUN
fbem-9859	68	26	innovation	innovation	NOUN
fbem-9859	68	27	.	.	PUNCT
fbem-9859	69	1	since	since	SCONJ
fbem-9859	69	2	green	green	PROPN
fbem-9859	69	3	technology	technology	NOUN
fbem-9859	69	4	innovation	innovation	NOUN
fbem-9859	69	5	has	have	AUX
fbem-9859	69	6	"	"	PUNCT
fbem-9859	69	7	double	double	ADJ
fbem-9859	69	8	externalities	externality	NOUN
fbem-9859	69	9	"	"	PUNCT
fbem-9859	69	10	,	,	PUNCT
fbem-9859	69	11	i.e.	i.e.	X
fbem-9859	69	12	,	,	PUNCT
fbem-9859	69	13	emissions	emission	NOUN
fbem-9859	69	14	cause	cause	VERB
fbem-9859	69	15	negative	negative	ADJ
fbem-9859	69	16	externalities	externality	NOUN
fbem-9859	69	17	to	to	ADP
fbem-9859	69	18	society	society	NOUN
fbem-9859	69	19	and	and	CCONJ
fbem-9859	69	20	the	the	DET
fbem-9859	69	21	environment	environment	NOUN
fbem-9859	69	22	,	,	PUNCT
fbem-9859	69	23	while	while	SCONJ
fbem-9859	69	24	technology	technology	NOUN
fbem-9859	69	25	innovation	innovation	NOUN
fbem-9859	69	26	generates	generate	VERB
fbem-9859	69	27	knowledge	knowledge	NOUN
fbem-9859	69	28	spillovers	spillover	NOUN
fbem-9859	69	29	,	,	PUNCT
fbem-9859	69	30	which	which	PRON
fbem-9859	69	31	are	be	AUX
fbem-9859	69	32	positive	positive	ADJ
fbem-9859	69	33	externalities	externality	NOUN
fbem-9859	69	34	.	.	PUNCT
fbem-9859	70	1	this	this	DET
fbem-9859	70	2	special	special	ADJ
fbem-9859	70	3	nature	nature	NOUN
fbem-9859	70	4	leads	lead	VERB
fbem-9859	70	5	to	to	ADP
fbem-9859	70	6	a	a	DET
fbem-9859	70	7	lack	lack	NOUN
fbem-9859	70	8	of	of	ADP
fbem-9859	70	9	incentive	incentive	NOUN
fbem-9859	70	10	for	for	ADP
fbem-9859	70	11	green	green	ADJ
fbem-9859	70	12	innovation	innovation	NOUN
fbem-9859	70	13	in	in	ADP
fbem-9859	70	14	the	the	DET
fbem-9859	70	15	absence	absence	NOUN
fbem-9859	70	16	of	of	ADP
fbem-9859	70	17	policy	policy	NOUN
fbem-9859	70	18	intervention	intervention	NOUN
fbem-9859	70	19	.	.	PUNCT
fbem-9859	71	1	as	as	ADP
fbem-9859	71	2	a	a	DET
fbem-9859	71	3	result	result	NOUN
fbem-9859	71	4	,	,	PUNCT
fbem-9859	71	5	a	a	DET
fbem-9859	71	6	growing	grow	VERB
fbem-9859	71	7	body	body	NOUN
fbem-9859	71	8	of	of	ADP
fbem-9859	71	9	research	research	NOUN
fbem-9859	71	10	suggests	suggest	VERB
fbem-9859	71	11	that	that	SCONJ
fbem-9859	71	12	various	various	ADJ
fbem-9859	71	13	government	government	NOUN
fbem-9859	71	14	regulatory	regulatory	ADJ
fbem-9859	71	15	tools	tool	NOUN
fbem-9859	71	16	are	be	AUX
fbem-9859	71	17	considered	consider	VERB
fbem-9859	71	18	necessary	necessary	ADJ
fbem-9859	71	19	to	to	PART
fbem-9859	71	20	promote	promote	VERB
fbem-9859	71	21	green	green	ADJ
fbem-9859	71	22	innovation	innovation	NOUN
fbem-9859	71	23	(	(	PUNCT
fbem-9859	71	24	shao	shao	PROPN
fbem-9859	71	25	et	et	PROPN
fbem-9859	71	26	al	al	PROPN
fbem-9859	71	27	.	.	PROPN
fbem-9859	71	28	,	,	PUNCT
fbem-9859	71	29	2020	2020	NUM
fbem-9859	71	30	)	)	PUNCT
fbem-9859	71	31	.	.	PUNCT
fbem-9859	72	1	national	national	ADJ
fbem-9859	72	2	policies	policy	NOUN
fbem-9859	72	3	related	relate	VERB
fbem-9859	72	4	to	to	ADP
fbem-9859	72	5	energy	energy	NOUN
fbem-9859	72	6	and	and	CCONJ
fbem-9859	72	7	environmental	environmental	ADJ
fbem-9859	72	8	regulation	regulation	NOUN
fbem-9859	72	9	can	can	AUX
fbem-9859	72	10	have	have	VERB
fbem-9859	72	11	a	a	DET
fbem-9859	72	12	significant	significant	ADJ
fbem-9859	72	13	positive	positive	ADJ
fbem-9859	72	14	impact	impact	NOUN
fbem-9859	72	15	on	on	ADP
fbem-9859	72	16	green	green	ADJ
fbem-9859	72	17	technology	technology	NOUN
fbem-9859	72	18	innovation	innovation	NOUN
fbem-9859	72	19	(	(	PUNCT
fbem-9859	72	20	wang	wang	PROPN
fbem-9859	72	21	and	and	CCONJ
fbem-9859	72	22	zhao	zhao	PROPN
fbem-9859	72	23	,	,	PUNCT
fbem-9859	72	24	2019	2019	NUM
fbem-9859	72	25	)	)	PUNCT
fbem-9859	72	26	,	,	PUNCT
fbem-9859	72	27	especially	especially	ADV
fbem-9859	72	28	the	the	DET
fbem-9859	72	29	market	market	NOUN
fbem-9859	72	30	-	-	PUNCT
fbem-9859	72	31	oriented	orient	VERB
fbem-9859	72	32	environmental	environmental	ADJ
fbem-9859	72	33	regulation	regulation	NOUN
fbem-9859	72	34	policies	policy	NOUN
fbem-9859	72	35	that	that	PRON
fbem-9859	72	36	have	have	VERB
fbem-9859	72	37	a	a	DET
fbem-9859	72	38	stronger	strong	ADJ
fbem-9859	72	39	promotion	promotion	NOUN
fbem-9859	72	40	effect	effect	NOUN
fbem-9859	72	41	on	on	ADP
fbem-9859	72	42	green	green	ADJ
fbem-9859	72	43	technology	technology	NOUN
fbem-9859	72	44	innovation	innovation	NOUN
fbem-9859	72	45	.	.	PUNCT
fbem-9859	73	1	as	as	ADP
fbem-9859	73	2	a	a	DET
fbem-9859	73	3	market	market	NOUN
fbem-9859	73	4	-	-	PUNCT
fbem-9859	73	5	based	base	VERB
fbem-9859	73	6	environmental	environmental	ADJ
fbem-9859	73	7	regulation	regulation	NOUN
fbem-9859	73	8	measure	measure	NOUN
fbem-9859	73	9	,	,	PUNCT
fbem-9859	73	10	carbon	carbon	NOUN
fbem-9859	73	11	emissions	emission	NOUN
fbem-9859	73	12	trading	trading	NOUN
fbem-9859	73	13	policy	policy	NOUN
fbem-9859	73	14	has	have	VERB
fbem-9859	73	15	a	a	DET
fbem-9859	73	16	reasonable	reasonable	ADJ
fbem-9859	73	17	price	price	NOUN
fbem-9859	73	18	formation	formation	NOUN
fbem-9859	73	19	mechanism	mechanism	NOUN
fbem-9859	73	20	and	and	CCONJ
fbem-9859	73	21	a	a	DET
fbem-9859	73	22	tight	tight	ADJ
fbem-9859	73	23	government	government	NOUN
fbem-9859	73	24	control	control	NOUN
fbem-9859	73	25	mechanism	mechanism	NOUN
fbem-9859	73	26	,	,	PUNCT
fbem-9859	73	27	which	which	PRON
fbem-9859	73	28	will	will	AUX
fbem-9859	73	29	promote	promote	VERB
fbem-9859	73	30	enterprises	enterprise	NOUN
fbem-9859	73	31	'	'	PART
fbem-9859	73	32	green	green	ADJ
fbem-9859	73	33	technology	technology	NOUN
fbem-9859	73	34	innovation	innovation	NOUN
fbem-9859	73	35	activities	activity	NOUN
fbem-9859	73	36	in	in	ADP
fbem-9859	73	37	the	the	DET
fbem-9859	73	38	long	long	ADJ
fbem-9859	73	39	run	run	NOUN
fbem-9859	73	40	.	.	PUNCT
fbem-9859	74	1	on	on	ADP
fbem-9859	74	2	the	the	DET
fbem-9859	74	3	one	one	NUM
fbem-9859	74	4	hand	hand	NOUN
fbem-9859	74	5	,	,	PUNCT
fbem-9859	74	6	when	when	SCONJ
fbem-9859	74	7	enterprises	enterprise	NOUN
fbem-9859	74	8	carry	carry	VERB
fbem-9859	74	9	out	out	ADP
fbem-9859	74	10	green	green	ADJ
fbem-9859	74	11	technology	technology	NOUN
fbem-9859	74	12	innovation	innovation	NOUN
fbem-9859	74	13	,	,	PUNCT
fbem-9859	74	14	they	they	PRON
fbem-9859	74	15	can	can	AUX
fbem-9859	74	16	improve	improve	VERB
fbem-9859	74	17	energy	energy	NOUN
fbem-9859	74	18	use	use	NOUN
fbem-9859	74	19	and	and	CCONJ
fbem-9859	74	20	production	production	NOUN
fbem-9859	74	21	efficiency	efficiency	NOUN
fbem-9859	74	22	,	,	PUNCT
fbem-9859	74	23	reduce	reduce	VERB
fbem-9859	74	24	the	the	DET
fbem-9859	74	25	procurement	procurement	NOUN
fbem-9859	74	26	cost	cost	NOUN
fbem-9859	74	27	of	of	ADP
fbem-9859	74	28	carbon	carbon	NOUN
fbem-9859	74	29	emission	emission	NOUN
fbem-9859	74	30	allowances	allowance	NOUN
fbem-9859	74	31	and	and	CCONJ
fbem-9859	74	32	the	the	DET
fbem-9859	74	33	production	production	NOUN
fbem-9859	74	34	burden	burden	NOUN
fbem-9859	74	35	of	of	ADP
fbem-9859	74	36	enterprises	enterprise	NOUN
fbem-9859	74	37	,	,	PUNCT
fbem-9859	74	38	and	and	CCONJ
fbem-9859	74	39	bring	bring	VERB
fbem-9859	74	40	excess	excess	ADJ
fbem-9859	74	41	revenue	revenue	NOUN
fbem-9859	74	42	for	for	ADP
fbem-9859	74	43	those	those	DET
fbem-9859	74	44	enterprises	enterprise	NOUN
fbem-9859	74	45	with	with	ADP
fbem-9859	74	46	surplus	surplus	ADJ
fbem-9859	74	47	carbon	carbon	NOUN
fbem-9859	74	48	emission	emission	NOUN
fbem-9859	74	49	allowances	allowance	NOUN
fbem-9859	74	50	.	.	PUNCT
fbem-9859	75	1	this	this	PRON
fbem-9859	75	2	allows	allow	VERB
fbem-9859	75	3	companies	company	NOUN
fbem-9859	75	4	to	to	PART
fbem-9859	75	5	have	have	VERB
fbem-9859	75	6	more	more	ADJ
fbem-9859	75	7	funds	fund	NOUN
fbem-9859	75	8	to	to	PART
fbem-9859	75	9	participate	participate	VERB
fbem-9859	75	10	in	in	ADP
fbem-9859	75	11	innovation	innovation	NOUN
fbem-9859	75	12	activities	activity	NOUN
fbem-9859	75	13	,	,	PUNCT
fbem-9859	75	14	forming	form	VERB
fbem-9859	75	15	a	a	DET
fbem-9859	75	16	positive	positive	ADJ
fbem-9859	75	17	circular	circular	ADJ
fbem-9859	75	18	development	development	NOUN
fbem-9859	75	19	model	model	NOUN
fbem-9859	75	20	.	.	PUNCT
fbem-9859	76	1	on	on	ADP
fbem-9859	76	2	the	the	DET
fbem-9859	76	3	other	other	ADJ
fbem-9859	76	4	hand	hand	NOUN
fbem-9859	76	5	,	,	PUNCT
fbem-9859	76	6	carrying	carry	VERB
fbem-9859	76	7	out	out	ADP
fbem-9859	76	8	green	green	ADJ
fbem-9859	76	9	technology	technology	NOUN
fbem-9859	76	10	innovation	innovation	NOUN
fbem-9859	76	11	activities	activity	NOUN
fbem-9859	76	12	can	can	AUX
fbem-9859	76	13	establish	establish	VERB
fbem-9859	76	14	a	a	DET
fbem-9859	76	15	good	good	ADJ
fbem-9859	76	16	image	image	NOUN
fbem-9859	76	17	for	for	SCONJ
fbem-9859	76	18	enterprises	enterprise	NOUN
fbem-9859	76	19	to	to	PART
fbem-9859	76	20	take	take	VERB
fbem-9859	76	21	social	social	ADJ
fbem-9859	76	22	responsibility	responsibility	NOUN
fbem-9859	76	23	.	.	PUNCT
fbem-9859	77	1	accordingly	accordingly	ADV
fbem-9859	77	2	,	,	PUNCT
fbem-9859	77	3	this	this	DET
fbem-9859	77	4	paper	paper	NOUN
fbem-9859	77	5	proposes	propose	VERB
fbem-9859	77	6	hypothesis	hypothesis	NOUN
fbem-9859	77	7	1	1	NUM
fbem-9859	77	8	:	:	PUNCT
fbem-9859	77	9	h1	h1	NOUN
fbem-9859	77	10	:	:	PUNCT
fbem-9859	77	11	carbon	carbon	NOUN
fbem-9859	77	12	emissions	emission	NOUN
fbem-9859	77	13	trading	trading	NOUN
fbem-9859	77	14	policy	policy	NOUN
fbem-9859	77	15	can	can	AUX
fbem-9859	77	16	promote	promote	VERB
fbem-9859	77	17	green	green	ADJ
fbem-9859	77	18	technology	technology	NOUN
fbem-9859	77	19	innovation	innovation	NOUN
fbem-9859	77	20	of	of	ADP
fbem-9859	77	21	enterprises	enterprise	NOUN
fbem-9859	77	22	.	.	PUNCT
fbem-9859	78	1	in	in	ADP
fbem-9859	78	2	2011	2011	NUM
fbem-9859	78	3	,	,	PUNCT
fbem-9859	78	4	the	the	DET
fbem-9859	78	5	national	national	ADJ
fbem-9859	78	6	development	development	PROPN
fbem-9859	78	7	and	and	CCONJ
fbem-9859	78	8	reform	reform	PROPN
fbem-9859	78	9	commission	commission	PROPN
fbem-9859	78	10	(	(	PUNCT
fbem-9859	78	11	ndrc	ndrc	PROPN
fbem-9859	78	12	)	)	PUNCT
fbem-9859	78	13	issued	issue	VERB
fbem-9859	78	14	the	the	DET
fbem-9859	78	15	notice	notice	NOUN
fbem-9859	78	16	on	on	ADP
fbem-9859	78	17	the	the	DET
fbem-9859	78	18	piloting	piloting	NOUN
fbem-9859	78	19	of	of	ADP
fbem-9859	78	20	carbon	carbon	NOUN
fbem-9859	78	21	emissions	emission	NOUN
fbem-9859	78	22	trading	trading	NOUN
fbem-9859	78	23	,	,	PUNCT
fbem-9859	78	24	and	and	CCONJ
fbem-9859	78	25	since	since	SCONJ
fbem-9859	78	26	then	then	ADV
fbem-9859	78	27	carbon	carbon	NOUN
fbem-9859	78	28	emissions	emission	NOUN
fbem-9859	78	29	trading	trading	NOUN
fbem-9859	78	30	pilots	pilot	NOUN
fbem-9859	78	31	have	have	AUX
fbem-9859	78	32	been	be	AUX
fbem-9859	78	33	carried	carry	VERB
fbem-9859	78	34	out	out	ADP
fbem-9859	78	35	in	in	ADP
fbem-9859	78	36	beijing	beijing	PROPN
fbem-9859	78	37	,	,	PUNCT
fbem-9859	78	38	shanghai	shanghai	PROPN
fbem-9859	78	39	,	,	PUNCT
fbem-9859	78	40	tianjin	tianjin	PROPN
fbem-9859	78	41	,	,	PUNCT
fbem-9859	78	42	chongqing	chongqing	PROPN
fbem-9859	78	43	,	,	PUNCT
fbem-9859	78	44	hubei	hubei	PROPN
fbem-9859	78	45	province	province	PROPN
fbem-9859	78	46	,	,	PUNCT
fbem-9859	78	47	guangdong	guangdong	PROPN
fbem-9859	78	48	province	province	PROPN
fbem-9859	78	49	and	and	CCONJ
fbem-9859	78	50	shenzhen	shenzhen	PROPN
fbem-9859	78	51	during	during	ADP
fbem-9859	78	52	2013	2013	NUM
fbem-9859	78	53	-	-	SYM
fbem-9859	78	54	2014	2014	NUM
fbem-9859	78	55	,	,	PUNCT
fbem-9859	78	56	with	with	SCONJ
fbem-9859	78	57	fujian	fujian	PROPN
fbem-9859	78	58	province	province	PROPN
fbem-9859	78	59	added	add	VERB
fbem-9859	78	60	as	as	ADP
fbem-9859	78	61	a	a	DET
fbem-9859	78	62	carbon	carbon	NOUN
fbem-9859	78	63	trading	trading	NOUN
fbem-9859	78	64	pilot	pilot	NOUN
fbem-9859	78	65	in	in	ADP
fbem-9859	78	66	2016	2016	NUM
fbem-9859	78	67	.	.	PUNCT
fbem-9859	79	1	the	the	DET
fbem-9859	79	2	establishment	establishment	NOUN
fbem-9859	79	3	of	of	ADP
fbem-9859	79	4	eight	eight	NUM
fbem-9859	79	5	pilots	pilot	NOUN
fbem-9859	79	6	also	also	ADV
fbem-9859	79	7	marked	mark	VERB
fbem-9859	79	8	the	the	DET
fbem-9859	79	9	formation	formation	NOUN
fbem-9859	79	10	of	of	ADP
fbem-9859	79	11	eight	eight	NUM
fbem-9859	79	12	carbon	carbon	NOUN
fbem-9859	79	13	markets	market	NOUN
fbem-9859	79	14	,	,	PUNCT
fbem-9859	79	15	so	so	ADV
fbem-9859	79	16	did	do	AUX
fbem-9859	79	17	market	market	NOUN
fbem-9859	79	18	mechanisms	mechanism	NOUN
fbem-9859	79	19	play	play	VERB
fbem-9859	79	20	a	a	DET
fbem-9859	79	21	role	role	NOUN
fbem-9859	79	22	in	in	ADP
fbem-9859	79	23	the	the	DET
fbem-9859	79	24	promotion	promotion	NOUN
fbem-9859	79	25	of	of	ADP
fbem-9859	79	26	corporate	corporate	ADJ
fbem-9859	79	27	green	green	ADJ
fbem-9859	79	28	technology	technology	NOUN
fbem-9859	79	29	innovation	innovation	NOUN
fbem-9859	79	30	by	by	ADP
fbem-9859	79	31	carbon	carbon	NOUN
fbem-9859	79	32	trading	trading	NOUN
fbem-9859	79	33	policies	policy	NOUN
fbem-9859	79	34	?	?	PUNCT
fbem-9859	80	1	currently	currently	ADV
fbem-9859	80	2	,	,	PUNCT
fbem-9859	80	3	the	the	DET
fbem-9859	80	4	eight	eight	NUM
fbem-9859	80	5	carbon	carbon	NOUN
fbem-9859	80	6	markets	market	NOUN
fbem-9859	80	7	are	be	AUX
fbem-9859	80	8	functioning	function	VERB
fbem-9859	80	9	well	well	ADV
fbem-9859	80	10	,	,	PUNCT
fbem-9859	80	11	and	and	CCONJ
fbem-9859	80	12	the	the	DET
fbem-9859	80	13	carbon	carbon	NOUN
fbem-9859	80	14	price	price	NOUN
fbem-9859	80	15	,	,	PUNCT
fbem-9859	80	16	as	as	ADP
fbem-9859	80	17	the	the	DET
fbem-9859	80	18	core	core	NOUN
fbem-9859	80	19	of	of	ADP
fbem-9859	80	20	the	the	DET
fbem-9859	80	21	efficient	efficient	ADJ
fbem-9859	80	22	operation	operation	NOUN
fbem-9859	80	23	of	of	ADP
fbem-9859	80	24	the	the	DET
fbem-9859	80	25	carbon	carbon	NOUN
fbem-9859	80	26	market	market	NOUN
fbem-9859	80	27	,	,	PUNCT
fbem-9859	80	28	reflects	reflect	VERB
fbem-9859	80	29	the	the	DET
fbem-9859	80	30	supply	supply	NOUN
fbem-9859	80	31	and	and	CCONJ
fbem-9859	80	32	demand	demand	NOUN
fbem-9859	80	33	of	of	ADP
fbem-9859	80	34	carbon	carbon	NOUN
fbem-9859	80	35	quotas	quota	NOUN
fbem-9859	80	36	by	by	ADP
fbem-9859	80	37	transmitting	transmit	VERB
fbem-9859	80	38	price	price	NOUN
fbem-9859	80	39	signals	signal	NOUN
fbem-9859	80	40	to	to	PART
fbem-9859	80	41	guide	guide	VERB
fbem-9859	80	42	enterprises	enterprise	NOUN
fbem-9859	80	43	'	'	PART
fbem-9859	80	44	emission	emission	NOUN
fbem-9859	80	45	reduction	reduction	NOUN
fbem-9859	80	46	behavior	behavior	NOUN
fbem-9859	80	47	and	and	CCONJ
fbem-9859	80	48	green	green	ADJ
fbem-9859	80	49	innovation	innovation	NOUN
fbem-9859	80	50	decisions	decision	NOUN
fbem-9859	80	51	(	(	PUNCT
fbem-9859	80	52	qi	qi	X
fbem-9859	80	53	et	et	NOUN
fbem-9859	80	54	al	al	PROPN
fbem-9859	80	55	.	.	PROPN
fbem-9859	80	56	,	,	PUNCT
fbem-9859	80	57	2020	2020	NUM
fbem-9859	80	58	)	)	PUNCT
fbem-9859	80	59	.	.	PUNCT
fbem-9859	81	1	the	the	DET
fbem-9859	81	2	existing	exist	VERB
fbem-9859	81	3	literature	literature	NOUN
fbem-9859	81	4	has	have	AUX
fbem-9859	81	5	partially	partially	ADV
fbem-9859	81	6	elaborated	elaborate	VERB
fbem-9859	81	7	the	the	DET
fbem-9859	81	8	mechanism	mechanism	NOUN
fbem-9859	81	9	of	of	ADP
fbem-9859	81	10	carbon	carbon	NOUN
fbem-9859	81	11	trading	trading	NOUN
fbem-9859	81	12	policy	policy	NOUN
fbem-9859	81	13	from	from	ADP
fbem-9859	81	14	the	the	DET
fbem-9859	81	15	perspective	perspective	NOUN
fbem-9859	81	16	of	of	ADP
fbem-9859	81	17	carbon	carbon	NOUN
fbem-9859	81	18	price	price	NOUN
fbem-9859	81	19	signals	signal	NOUN
fbem-9859	81	20	,	,	PUNCT
fbem-9859	81	21	while	while	SCONJ
fbem-9859	81	22	the	the	DET
fbem-9859	81	23	number	number	NOUN
fbem-9859	81	24	of	of	ADP
fbem-9859	81	25	trading	trading	NOUN
fbem-9859	81	26	days	day	NOUN
fbem-9859	81	27	and	and	CCONJ
fbem-9859	81	28	trading	trading	NOUN
fbem-9859	81	29	size	size	NOUN
fbem-9859	81	30	of	of	ADP
fbem-9859	81	31	the	the	DET
fbem-9859	81	32	carbon	carbon	NOUN
fbem-9859	81	33	market	market	NOUN
fbem-9859	81	34	can	can	AUX
fbem-9859	81	35	also	also	ADV
fbem-9859	81	36	measure	measure	VERB
fbem-9859	81	37	the	the	DET
fbem-9859	81	38	market	market	NOUN
fbem-9859	81	39	mechanism	mechanism	NOUN
fbem-9859	81	40	and	and	CCONJ
fbem-9859	81	41	reflect	reflect	VERB
fbem-9859	81	42	the	the	DET
fbem-9859	81	43	operation	operation	NOUN
fbem-9859	81	44	of	of	ADP
fbem-9859	81	45	the	the	DET
fbem-9859	81	46	carbon	carbon	NOUN
fbem-9859	81	47	market	market	NOUN
fbem-9859	81	48	(	(	PUNCT
fbem-9859	81	49	yi	yi	NOUN
fbem-9859	81	50	et	et	PROPN
fbem-9859	81	51	al	al	PROPN
fbem-9859	81	52	.	.	PROPN
fbem-9859	81	53	,	,	PUNCT
fbem-9859	81	54	2018	2018	NUM
fbem-9859	81	55	)	)	PUNCT
fbem-9859	81	56	.	.	PUNCT
fbem-9859	82	1	this	this	DET
fbem-9859	82	2	paper	paper	NOUN
fbem-9859	82	3	selects	select	VERB
fbem-9859	82	4	the	the	DET
fbem-9859	82	5	carbon	carbon	NOUN
fbem-9859	82	6	price	price	NOUN
fbem-9859	82	7	,	,	PUNCT
fbem-9859	82	8	the	the	DET
fbem-9859	82	9	number	number	NOUN
fbem-9859	82	10	of	of	ADP
fbem-9859	82	11	trading	trading	NOUN
fbem-9859	82	12	days	day	NOUN
fbem-9859	82	13	in	in	ADP
fbem-9859	82	14	the	the	DET
fbem-9859	82	15	carbon	carbon	NOUN
fbem-9859	82	16	market	market	NOUN
fbem-9859	82	17	,	,	PUNCT
fbem-9859	82	18	and	and	CCONJ
fbem-9859	82	19	the	the	DET
fbem-9859	82	20	scale	scale	NOUN
fbem-9859	82	21	of	of	ADP
fbem-9859	82	22	carbon	carbon	NOUN
fbem-9859	82	23	trading	trading	NOUN
fbem-9859	82	24	as	as	ADP
fbem-9859	82	25	indicators	indicator	NOUN
fbem-9859	82	26	of	of	ADP
fbem-9859	82	27	the	the	DET
fbem-9859	82	28	market	market	NOUN
fbem-9859	82	29	mechanism	mechanism	NOUN
fbem-9859	82	30	,	,	PUNCT
fbem-9859	82	31	in	in	ADP
fbem-9859	82	32	order	order	NOUN
fbem-9859	82	33	to	to	PART
fbem-9859	82	34	explore	explore	VERB
fbem-9859	82	35	the	the	DET
fbem-9859	82	36	impact	impact	NOUN
fbem-9859	82	37	of	of	ADP
fbem-9859	82	38	the	the	DET
fbem-9859	82	39	operation	operation	NOUN
fbem-9859	82	40	of	of	ADP
fbem-9859	82	41	the	the	DET
fbem-9859	82	42	carbon	carbon	NOUN
fbem-9859	82	43	market	market	NOUN
fbem-9859	82	44	in	in	ADP
fbem-9859	82	45	promoting	promote	VERB
fbem-9859	82	46	green	green	ADJ
fbem-9859	82	47	technology	technology	NOUN
fbem-9859	82	48	innovation	innovation	NOUN
fbem-9859	82	49	from	from	ADP
fbem-9859	82	50	these	these	DET
fbem-9859	82	51	three	three	NUM
fbem-9859	82	52	aspects	aspect	NOUN
fbem-9859	82	53	in	in	ADP
fbem-9859	82	54	a	a	DET
fbem-9859	82	55	more	more	ADV
fbem-9859	82	56	comprehensive	comprehensive	ADJ
fbem-9859	82	57	perspective	perspective	NOUN
fbem-9859	82	58	.	.	PUNCT
fbem-9859	83	1	in	in	ADP
fbem-9859	83	2	the	the	DET
fbem-9859	83	3	case	case	NOUN
fbem-9859	83	4	of	of	ADP
fbem-9859	83	5	a	a	DET
fbem-9859	83	6	high	high	ADJ
fbem-9859	83	7	enough	enough	ADJ
fbem-9859	83	8	carbon	carbon	NOUN
fbem-9859	83	9	price	price	NOUN
fbem-9859	83	10	,	,	PUNCT
fbem-9859	83	11	a	a	DET
fbem-9859	83	12	high	high	ADJ
fbem-9859	83	13	carbon	carbon	NOUN
fbem-9859	83	14	price	price	NOUN
fbem-9859	83	15	increases	increase	VERB
fbem-9859	83	16	the	the	DET
fbem-9859	83	17	cost	cost	NOUN
fbem-9859	83	18	pressure	pressure	NOUN
fbem-9859	83	19	in	in	ADP
fbem-9859	83	20	environmental	environmental	ADJ
fbem-9859	83	21	regulation	regulation	NOUN
fbem-9859	83	22	for	for	ADP
fbem-9859	83	23	enterprises	enterprise	NOUN
fbem-9859	83	24	with	with	ADP
fbem-9859	83	25	high	high	ADJ
fbem-9859	83	26	marginal	marginal	ADJ
fbem-9859	83	27	abatement	abatement	NOUN
fbem-9859	83	28	costs	cost	NOUN
fbem-9859	83	29	,	,	PUNCT
fbem-9859	83	30	thus	thus	ADV
fbem-9859	83	31	forcing	force	VERB
fbem-9859	83	32	them	they	PRON
fbem-9859	83	33	to	to	PART
fbem-9859	83	34	make	make	VERB
fbem-9859	83	35	green	green	ADJ
fbem-9859	83	36	technological	technological	ADJ
fbem-9859	83	37	innovation	innovation	NOUN
fbem-9859	83	38	;	;	PUNCT
fbem-9859	83	39	for	for	ADP
fbem-9859	83	40	enterprises	enterprise	NOUN
fbem-9859	83	41	with	with	ADP
fbem-9859	83	42	low	low	ADJ
fbem-9859	83	43	marginal	marginal	ADJ
fbem-9859	83	44	abatement	abatement	NOUN
fbem-9859	83	45	costs	cost	NOUN
fbem-9859	83	46	,	,	PUNCT
fbem-9859	83	47	a	a	DET
fbem-9859	83	48	higher	high	ADJ
fbem-9859	83	49	carbon	carbon	NOUN
fbem-9859	83	50	price	price	NOUN
fbem-9859	83	51	will	will	AUX
fbem-9859	83	52	drive	drive	VERB
fbem-9859	83	53	them	they	PRON
fbem-9859	83	54	to	to	PART
fbem-9859	83	55	sell	sell	VERB
fbem-9859	83	56	carbon	carbon	NOUN
fbem-9859	83	57	quotas	quota	NOUN
fbem-9859	83	58	for	for	ADP
fbem-9859	83	59	excess	excess	ADJ
fbem-9859	83	60	profits	profit	NOUN
fbem-9859	83	61	,	,	PUNCT
fbem-9859	83	62	so	so	SCONJ
fbem-9859	83	63	it	it	PRON
fbem-9859	83	64	will	will	AUX
fbem-9859	83	65	also	also	ADV
fbem-9859	83	66	promote	promote	VERB
fbem-9859	83	67	their	their	PRON
fbem-9859	83	68	green	green	ADJ
fbem-9859	83	69	technological	technological	ADJ
fbem-9859	83	70	innovation	innovation	NOUN
fbem-9859	83	71	.	.	PUNCT
fbem-9859	84	1	when	when	SCONJ
fbem-9859	84	2	the	the	DET
fbem-9859	84	3	carbon	carbon	NOUN
fbem-9859	84	4	market	market	NOUN
fbem-9859	84	5	is	be	AUX
fbem-9859	84	6	inefficient	inefficient	ADJ
fbem-9859	84	7	,	,	PUNCT
fbem-9859	84	8	the	the	DET
fbem-9859	84	9	number	number	NOUN
fbem-9859	84	10	of	of	ADP
fbem-9859	84	11	trading	trading	NOUN
fbem-9859	84	12	days	day	NOUN
fbem-9859	84	13	is	be	AUX
fbem-9859	84	14	reduced	reduce	VERB
fbem-9859	84	15	,	,	PUNCT
fbem-9859	84	16	the	the	DET
fbem-9859	84	17	scale	scale	NOUN
fbem-9859	84	18	of	of	ADP
fbem-9859	84	19	trading	trading	NOUN
fbem-9859	84	20	is	be	AUX
fbem-9859	84	21	reduced	reduce	VERB
fbem-9859	84	22	or	or	CCONJ
fbem-9859	84	23	even	even	ADV
fbem-9859	84	24	if	if	SCONJ
fbem-9859	84	25	there	there	PRON
fbem-9859	84	26	is	be	VERB
fbem-9859	84	27	no	no	DET
fbem-9859	84	28	trading	trading	NOUN
fbem-9859	84	29	,	,	PUNCT
fbem-9859	84	30	the	the	DET
fbem-9859	84	31	demand	demand	NOUN
fbem-9859	84	32	for	for	ADP
fbem-9859	84	33	carbon	carbon	NOUN
fbem-9859	84	34	quotas	quota	NOUN
fbem-9859	84	35	is	be	AUX
fbem-9859	84	36	reduced	reduce	VERB
fbem-9859	84	37	,	,	PUNCT
fbem-9859	84	38	and	and	CCONJ
fbem-9859	84	39	the	the	DET
fbem-9859	84	40	profit	profit	NOUN
fbem-9859	84	41	space	space	NOUN
fbem-9859	84	42	for	for	SCONJ
fbem-9859	84	43	enterprises	enterprise	NOUN
fbem-9859	84	44	to	to	PART
fbem-9859	84	45	carry	carry	VERB
fbem-9859	84	46	out	out	ADP
fbem-9859	84	47	green	green	ADJ
fbem-9859	84	48	technology	technology	NOUN
fbem-9859	84	49	innovation	innovation	NOUN
fbem-9859	84	50	is	be	AUX
fbem-9859	84	51	squeezed	squeeze	VERB
fbem-9859	84	52	,	,	PUNCT
fbem-9859	84	53	and	and	CCONJ
fbem-9859	84	54	the	the	DET
fbem-9859	84	55	willingness	willingness	NOUN
fbem-9859	84	56	of	of	ADP
fbem-9859	84	57	enterprises	enterprise	NOUN
fbem-9859	84	58	to	to	PART
fbem-9859	84	59	carry	carry	VERB
fbem-9859	84	60	out	out	ADP
fbem-9859	84	61	green	green	ADJ
fbem-9859	84	62	innovation	innovation	NOUN
fbem-9859	84	63	activities	activity	NOUN
fbem-9859	84	64	is	be	AUX
fbem-9859	84	65	not	not	PART
fbem-9859	84	66	strong	strong	ADJ
fbem-9859	84	67	;	;	PUNCT
fbem-9859	84	68	while	while	SCONJ
fbem-9859	84	69	when	when	SCONJ
fbem-9859	84	70	the	the	DET
fbem-9859	84	71	carbon	carbon	NOUN
fbem-9859	84	72	market	market	NOUN
fbem-9859	84	73	is	be	AUX
fbem-9859	84	74	relatively	relatively	ADV
fbem-9859	84	75	active	active	ADJ
fbem-9859	84	76	and	and	CCONJ
fbem-9859	84	77	the	the	DET
fbem-9859	84	78	operation	operation	NOUN
fbem-9859	84	79	is	be	AUX
fbem-9859	84	80	good	good	ADJ
fbem-9859	84	81	,	,	PUNCT
fbem-9859	84	82	the	the	DET
fbem-9859	84	83	number	number	NOUN
fbem-9859	84	84	of	of	ADP
fbem-9859	84	85	trading	trading	NOUN
fbem-9859	84	86	days	day	NOUN
fbem-9859	84	87	and	and	CCONJ
fbem-9859	84	88	the	the	DET
fbem-9859	84	89	scale	scale	NOUN
fbem-9859	84	90	of	of	ADP
fbem-9859	84	91	trading	trading	NOUN
fbem-9859	84	92	are	be	AUX
fbem-9859	84	93	at	at	ADP
fbem-9859	84	94	a	a	DET
fbem-9859	84	95	high	high	ADJ
fbem-9859	84	96	level	level	NOUN
fbem-9859	84	97	,	,	PUNCT
fbem-9859	84	98	and	and	CCONJ
fbem-9859	84	99	the	the	DET
fbem-9859	84	100	willingness	willingness	NOUN
fbem-9859	84	101	of	of	ADP
fbem-9859	84	102	enterprises	enterprise	NOUN
fbem-9859	84	103	to	to	PART
fbem-9859	84	104	sell	sell	VERB
fbem-9859	84	105	carbon	carbon	NOUN
fbem-9859	84	106	quotas	quota	NOUN
fbem-9859	84	107	to	to	PART
fbem-9859	84	108	obtain	obtain	VERB
fbem-9859	84	109	excessive	excessive	ADJ
fbem-9859	84	110	returns	return	NOUN
fbem-9859	84	111	and	and	CCONJ
fbem-9859	84	112	carry	carry	VERB
fbem-9859	84	113	out	out	ADP
fbem-9859	84	114	green	green	ADJ
fbem-9859	84	115	innovation	innovation	NOUN
fbem-9859	84	116	is	be	AUX
fbem-9859	84	117	also	also	ADV
fbem-9859	84	118	increased	increase	VERB
fbem-9859	84	119	.	.	PUNCT
fbem-9859	85	1	based	base	VERB
fbem-9859	85	2	on	on	ADP
fbem-9859	85	3	the	the	DET
fbem-9859	85	4	above	above	ADJ
fbem-9859	85	5	analysis	analysis	NOUN
fbem-9859	85	6	,	,	PUNCT
fbem-9859	85	7	this	this	DET
fbem-9859	85	8	paper	paper	NOUN
fbem-9859	85	9	proposes	propose	VERB
fbem-9859	85	10	hypothesis	hypothesis	NOUN
fbem-9859	85	11	2	2	NUM
fbem-9859	85	12	:	:	PUNCT
fbem-9859	85	13	h2	h2	NOUN
fbem-9859	85	14	:	:	PUNCT
fbem-9859	85	15	the	the	PRON
fbem-9859	85	16	better	well	ADJ
fbem-9859	85	17	the	the	DET
fbem-9859	85	18	carbon	carbon	NOUN
fbem-9859	85	19	market	market	NOUN
fbem-9859	85	20	operation	operation	NOUN
fbem-9859	85	21	,	,	PUNCT
fbem-9859	85	22	such	such	ADJ
fbem-9859	85	23	as	as	ADP
fbem-9859	85	24	the	the	DET
fbem-9859	85	25	higher	high	ADJ
fbem-9859	85	26	the	the	DET
fbem-9859	85	27	carbon	carbon	NOUN
fbem-9859	85	28	price	price	NOUN
fbem-9859	85	29	,	,	PUNCT
fbem-9859	85	30	the	the	DET
fbem-9859	85	31	more	more	ADJ
fbem-9859	85	32	carbon	carbon	NOUN
fbem-9859	85	33	trading	trading	NOUN
fbem-9859	85	34	days	day	NOUN
fbem-9859	85	35	,	,	PUNCT
fbem-9859	85	36	and	and	CCONJ
fbem-9859	85	37	the	the	PRON
fbem-9859	85	38	larger	large	ADJ
fbem-9859	85	39	the	the	DET
fbem-9859	85	40	trading	trading	NOUN
fbem-9859	85	41	scale	scale	NOUN
fbem-9859	85	42	,	,	PUNCT
fbem-9859	85	43	the	the	PRON
fbem-9859	85	44	stronger	strong	ADJ
fbem-9859	85	45	the	the	DET
fbem-9859	85	46	promotion	promotion	NOUN
fbem-9859	85	47	effect	effect	NOUN
fbem-9859	85	48	of	of	ADP
fbem-9859	85	49	carbon	carbon	NOUN
fbem-9859	85	50	trading	trading	NOUN
fbem-9859	85	51	policy	policy	NOUN
fbem-9859	85	52	on	on	ADP
fbem-9859	85	53	enterprises	enterprise	NOUN
fbem-9859	85	54	'	'	PART
fbem-9859	85	55	green	green	ADJ
fbem-9859	85	56	technology	technology	NOUN
fbem-9859	85	57	innovation	innovation	NOUN
fbem-9859	85	58	.	.	PUNCT
fbem-9859	86	1	different	different	ADJ
fbem-9859	86	2	firms	firm	NOUN
fbem-9859	86	3	differ	differ	VERB
fbem-9859	86	4	in	in	ADP
fbem-9859	86	5	their	their	PRON
fbem-9859	86	6	tolerance	tolerance	NOUN
fbem-9859	86	7	of	of	ADP
fbem-9859	86	8	environmental	environmental	ADJ
fbem-9859	86	9	regulations	regulation	NOUN
fbem-9859	86	10	and	and	CCONJ
fbem-9859	86	11	their	their	PRON
fbem-9859	86	12	reliance	reliance	NOUN
fbem-9859	86	13	on	on	ADP
fbem-9859	86	14	technological	technological	ADJ
fbem-9859	86	15	innovation	innovation	NOUN
fbem-9859	86	16	due	due	ADP
fbem-9859	86	17	to	to	ADP
fbem-9859	86	18	different	different	ADJ
fbem-9859	86	19	micro	micro	ADJ
fbem-9859	86	20	characteristics	characteristic	NOUN
fbem-9859	86	21	,	,	PUNCT
fbem-9859	86	22	and	and	CCONJ
fbem-9859	86	23	these	these	DET
fbem-9859	86	24	micro	micro	ADJ
fbem-9859	86	25	characteristics	characteristic	NOUN
fbem-9859	86	26	will	will	AUX
fbem-9859	86	27	make	make	VERB
fbem-9859	86	28	the	the	DET
fbem-9859	86	29	impact	impact	NOUN
fbem-9859	86	30	of	of	ADP
fbem-9859	86	31	carbon	carbon	NOUN
fbem-9859	86	32	emissions	emission	NOUN
fbem-9859	86	33	41	41	NUM
fbem-9859	86	34	trading	trading	NOUN
fbem-9859	86	35	on	on	ADP
fbem-9859	86	36	their	their	PRON
fbem-9859	86	37	green	green	ADJ
fbem-9859	86	38	technological	technological	ADJ
fbem-9859	86	39	innovation	innovation	NOUN
fbem-9859	86	40	also	also	ADV
fbem-9859	86	41	differ	differ	VERB
fbem-9859	86	42	to	to	ADP
fbem-9859	86	43	some	some	DET
fbem-9859	86	44	extent	extent	NOUN
fbem-9859	86	45	.	.	PUNCT
fbem-9859	87	1	in	in	ADP
fbem-9859	87	2	terms	term	NOUN
fbem-9859	87	3	of	of	ADP
fbem-9859	87	4	the	the	DET
fbem-9859	87	5	reliance	reliance	NOUN
fbem-9859	87	6	on	on	ADP
fbem-9859	87	7	technological	technological	ADJ
fbem-9859	87	8	innovation	innovation	NOUN
fbem-9859	87	9	,	,	PUNCT
fbem-9859	87	10	high	high	ADJ
fbem-9859	87	11	-	-	PUNCT
fbem-9859	87	12	tech	tech	NOUN
fbem-9859	87	13	enterprises	enterprise	NOUN
fbem-9859	87	14	conduct	conduct	VERB
fbem-9859	87	15	more	more	ADJ
fbem-9859	87	16	frequent	frequent	ADJ
fbem-9859	87	17	technological	technological	ADJ
fbem-9859	87	18	innovation	innovation	NOUN
fbem-9859	87	19	activities	activity	NOUN
fbem-9859	87	20	and	and	CCONJ
fbem-9859	87	21	invest	invest	VERB
fbem-9859	87	22	more	more	ADJ
fbem-9859	87	23	in	in	ADP
fbem-9859	87	24	technological	technological	ADJ
fbem-9859	87	25	innovation	innovation	NOUN
fbem-9859	87	26	,	,	PUNCT
fbem-9859	87	27	and	and	CCONJ
fbem-9859	87	28	the	the	DET
fbem-9859	87	29	promotion	promotion	NOUN
fbem-9859	87	30	effect	effect	NOUN
fbem-9859	87	31	of	of	ADP
fbem-9859	87	32	carbon	carbon	NOUN
fbem-9859	87	33	trading	trading	NOUN
fbem-9859	87	34	policy	policy	NOUN
fbem-9859	87	35	on	on	ADP
fbem-9859	87	36	green	green	ADJ
fbem-9859	87	37	innovation	innovation	NOUN
fbem-9859	87	38	may	may	AUX
fbem-9859	87	39	be	be	AUX
fbem-9859	87	40	heterogeneous	heterogeneous	ADJ
fbem-9859	87	41	among	among	ADP
fbem-9859	87	42	high	high	ADJ
fbem-9859	87	43	-	-	PUNCT
fbem-9859	87	44	tech	tech	NOUN
fbem-9859	87	45	enterprises	enterprise	NOUN
fbem-9859	87	46	and	and	CCONJ
fbem-9859	87	47	non	non	ADJ
fbem-9859	87	48	-	-	ADJ
fbem-9859	87	49	high	high	ADJ
fbem-9859	87	50	-	-	PUNCT
fbem-9859	87	51	tech	tech	NOUN
fbem-9859	87	52	enterprises	enterprise	NOUN
fbem-9859	87	53	.	.	PUNCT
fbem-9859	88	1	from	from	ADP
fbem-9859	88	2	the	the	DET
fbem-9859	88	3	perspective	perspective	NOUN
fbem-9859	88	4	of	of	ADP
fbem-9859	88	5	tolerance	tolerance	NOUN
fbem-9859	88	6	to	to	ADP
fbem-9859	88	7	environmental	environmental	ADJ
fbem-9859	88	8	regulation	regulation	NOUN
fbem-9859	88	9	,	,	PUNCT
fbem-9859	88	10	there	there	PRON
fbem-9859	88	11	is	be	VERB
fbem-9859	88	12	a	a	DET
fbem-9859	88	13	difference	difference	NOUN
fbem-9859	88	14	in	in	ADP
fbem-9859	88	15	the	the	DET
fbem-9859	88	16	response	response	NOUN
fbem-9859	88	17	to	to	ADP
fbem-9859	88	18	environmental	environmental	ADJ
fbem-9859	88	19	policies	policy	NOUN
fbem-9859	88	20	between	between	ADP
fbem-9859	88	21	firms	firm	NOUN
fbem-9859	88	22	with	with	ADP
fbem-9859	88	23	high	high	ADJ
fbem-9859	88	24	tolerance	tolerance	NOUN
fbem-9859	88	25	and	and	CCONJ
fbem-9859	88	26	those	those	PRON
fbem-9859	88	27	with	with	ADP
fbem-9859	88	28	low	low	ADJ
fbem-9859	88	29	tolerance	tolerance	NOUN
fbem-9859	88	30	due	due	ADP
fbem-9859	88	31	to	to	ADP
fbem-9859	88	32	the	the	DET
fbem-9859	88	33	difference	difference	NOUN
fbem-9859	88	34	in	in	ADP
fbem-9859	88	35	environmental	environmental	ADJ
fbem-9859	88	36	adjustment	adjustment	NOUN
fbem-9859	88	37	costs	cost	NOUN
fbem-9859	88	38	.	.	PUNCT
fbem-9859	89	1	from	from	ADP
fbem-9859	89	2	the	the	DET
fbem-9859	89	3	perspective	perspective	NOUN
fbem-9859	89	4	of	of	ADP
fbem-9859	89	5	the	the	DET
fbem-9859	89	6	quality	quality	NOUN
fbem-9859	89	7	of	of	ADP
fbem-9859	89	8	internal	internal	ADJ
fbem-9859	89	9	control	control	NOUN
fbem-9859	89	10	,	,	PUNCT
fbem-9859	89	11	since	since	SCONJ
fbem-9859	89	12	the	the	DET
fbem-9859	89	13	quality	quality	NOUN
fbem-9859	89	14	of	of	ADP
fbem-9859	89	15	internal	internal	ADJ
fbem-9859	89	16	control	control	NOUN
fbem-9859	89	17	is	be	AUX
fbem-9859	89	18	closely	closely	ADV
fbem-9859	89	19	related	relate	VERB
fbem-9859	89	20	to	to	ADP
fbem-9859	89	21	management	management	NOUN
fbem-9859	89	22	's	's	PART
fbem-9859	89	23	decision	decision	NOUN
fbem-9859	89	24	-	-	PUNCT
fbem-9859	89	25	making	making	NOUN
fbem-9859	89	26	,	,	PUNCT
fbem-9859	89	27	thus	thus	ADV
fbem-9859	89	28	different	different	ADJ
fbem-9859	89	29	quality	quality	NOUN
fbem-9859	89	30	of	of	ADP
fbem-9859	89	31	internal	internal	ADJ
fbem-9859	89	32	control	control	NOUN
fbem-9859	89	33	will	will	AUX
fbem-9859	89	34	lead	lead	VERB
fbem-9859	89	35	managers	manager	NOUN
fbem-9859	89	36	to	to	PART
fbem-9859	89	37	make	make	VERB
fbem-9859	89	38	different	different	ADJ
fbem-9859	89	39	technological	technological	ADJ
fbem-9859	89	40	innovation	innovation	NOUN
fbem-9859	89	41	decisions	decision	NOUN
fbem-9859	89	42	and	and	CCONJ
fbem-9859	89	43	affect	affect	VERB
fbem-9859	89	44	the	the	DET
fbem-9859	89	45	green	green	ADJ
fbem-9859	89	46	technological	technological	ADJ
fbem-9859	89	47	innovation	innovation	NOUN
fbem-9859	89	48	of	of	ADP
fbem-9859	89	49	the	the	DET
fbem-9859	89	50	firm	firm	NOUN
fbem-9859	89	51	.	.	PUNCT
fbem-9859	90	1	therefore	therefore	ADV
fbem-9859	90	2	,	,	PUNCT
fbem-9859	90	3	this	this	DET
fbem-9859	90	4	paper	paper	NOUN
fbem-9859	90	5	proposes	propose	VERB
fbem-9859	90	6	hypothesis	hypothesis	NOUN
fbem-9859	90	7	3	3	NUM
fbem-9859	90	8	:	:	PUNCT
fbem-9859	90	9	h3	h3	NOUN
fbem-9859	90	10	:	:	PUNCT
fbem-9859	90	11	differences	difference	NOUN
fbem-9859	90	12	in	in	ADP
fbem-9859	90	13	the	the	DET
fbem-9859	90	14	micro	micro	ADJ
fbem-9859	90	15	characteristics	characteristic	NOUN
fbem-9859	90	16	of	of	ADP
fbem-9859	90	17	firms	firm	NOUN
fbem-9859	90	18	,	,	PUNCT
fbem-9859	90	19	such	such	ADJ
fbem-9859	90	20	as	as	ADP
fbem-9859	90	21	the	the	DET
fbem-9859	90	22	degree	degree	NOUN
fbem-9859	90	23	of	of	ADP
fbem-9859	90	24	reliance	reliance	NOUN
fbem-9859	90	25	on	on	ADP
fbem-9859	90	26	technological	technological	ADJ
fbem-9859	90	27	innovation	innovation	NOUN
fbem-9859	90	28	,	,	PUNCT
fbem-9859	90	29	the	the	DET
fbem-9859	90	30	degree	degree	NOUN
fbem-9859	90	31	of	of	ADP
fbem-9859	90	32	tolerance	tolerance	NOUN
fbem-9859	90	33	to	to	ADP
fbem-9859	90	34	environmental	environmental	ADJ
fbem-9859	90	35	regulations	regulation	NOUN
fbem-9859	90	36	and	and	CCONJ
fbem-9859	90	37	the	the	DET
fbem-9859	90	38	quality	quality	NOUN
fbem-9859	90	39	of	of	ADP
fbem-9859	90	40	firms	firm	NOUN
fbem-9859	90	41	'	'	PART
fbem-9859	90	42	internal	internal	ADJ
fbem-9859	90	43	controls	control	NOUN
fbem-9859	90	44	,	,	PUNCT
fbem-9859	90	45	result	result	VERB
fbem-9859	90	46	in	in	ADP
fbem-9859	90	47	heterogeneity	heterogeneity	NOUN
fbem-9859	90	48	in	in	ADP
fbem-9859	90	49	the	the	DET
fbem-9859	90	50	promotion	promotion	NOUN
fbem-9859	90	51	of	of	ADP
fbem-9859	90	52	green	green	ADJ
fbem-9859	90	53	technological	technological	ADJ
fbem-9859	90	54	innovation	innovation	NOUN
fbem-9859	90	55	by	by	ADP
fbem-9859	90	56	carbon	carbon	NOUN
fbem-9859	90	57	trading	trading	NOUN
fbem-9859	90	58	policies	policy	NOUN
fbem-9859	90	59	.	.	PUNCT
fbem-9859	91	1	4	4	X
fbem-9859	91	2	.	.	X
fbem-9859	91	3	research	research	NOUN
fbem-9859	91	4	design	design	NOUN
fbem-9859	91	5	4.1	4.1	NUM
fbem-9859	91	6	.	.	PUNCT
fbem-9859	92	1	sample	sample	NOUN
fbem-9859	92	2	selection	selection	NOUN
fbem-9859	92	3	and	and	CCONJ
fbem-9859	92	4	data	datum	NOUN
fbem-9859	92	5	sources	source	NOUN
fbem-9859	92	6	at	at	ADP
fbem-9859	92	7	present	present	ADJ
fbem-9859	92	8	,	,	PUNCT
fbem-9859	92	9	most	most	ADJ
fbem-9859	92	10	of	of	ADP
fbem-9859	92	11	the	the	DET
fbem-9859	92	12	industries	industry	NOUN
fbem-9859	92	13	included	include	VERB
fbem-9859	92	14	in	in	ADP
fbem-9859	92	15	the	the	DET
fbem-9859	92	16	carbon	carbon	NOUN
fbem-9859	92	17	trading	trading	NOUN
fbem-9859	92	18	pilot	pilot	NOUN
fbem-9859	92	19	in	in	ADP
fbem-9859	92	20	china	china	PROPN
fbem-9859	92	21	are	be	AUX
fbem-9859	92	22	industrial	industrial	ADJ
fbem-9859	92	23	industries	industry	NOUN
fbem-9859	92	24	,	,	PUNCT
fbem-9859	92	25	mainly	mainly	ADV
fbem-9859	92	26	involving	involve	VERB
fbem-9859	92	27	eight	eight	NUM
fbem-9859	92	28	industries	industry	NOUN
fbem-9859	92	29	,	,	PUNCT
fbem-9859	92	30	such	such	ADJ
fbem-9859	92	31	as	as	ADP
fbem-9859	92	32	chemical	chemical	NOUN
fbem-9859	92	33	,	,	PUNCT
fbem-9859	92	34	petrochemical	petrochemical	NOUN
fbem-9859	92	35	,	,	PUNCT
fbem-9859	92	36	electric	electric	ADJ
fbem-9859	92	37	power	power	NOUN
fbem-9859	92	38	,	,	PUNCT
fbem-9859	92	39	non	non	ADJ
fbem-9859	92	40	-	-	ADJ
fbem-9859	92	41	ferrous	ferrous	ADJ
fbem-9859	92	42	,	,	PUNCT
fbem-9859	92	43	iron	iron	NOUN
fbem-9859	92	44	and	and	CCONJ
fbem-9859	92	45	steel	steel	NOUN
fbem-9859	92	46	,	,	PUNCT
fbem-9859	92	47	building	building	NOUN
fbem-9859	92	48	materials	material	NOUN
fbem-9859	92	49	,	,	PUNCT
fbem-9859	92	50	paper	paper	NOUN
fbem-9859	92	51	and	and	CCONJ
fbem-9859	92	52	aviation	aviation	NOUN
fbem-9859	92	53	,	,	PUNCT
fbem-9859	92	54	etc	etc	X
fbem-9859	92	55	.	.	X
fbem-9859	93	1	therefore	therefore	ADV
fbem-9859	93	2	,	,	PUNCT
fbem-9859	93	3	this	this	DET
fbem-9859	93	4	paper	paper	NOUN
fbem-9859	93	5	mainly	mainly	ADV
fbem-9859	93	6	selects	select	VERB
fbem-9859	93	7	the	the	DET
fbem-9859	93	8	a	a	DET
fbem-9859	93	9	-	-	PUNCT
fbem-9859	93	10	share	share	NOUN
fbem-9859	93	11	listed	list	VERB
fbem-9859	93	12	companies	company	NOUN
fbem-9859	93	13	in	in	ADP
fbem-9859	93	14	the	the	DET
fbem-9859	93	15	above	above	ADJ
fbem-9859	93	16	eight	eight	NUM
fbem-9859	93	17	industries	industry	NOUN
fbem-9859	93	18	in	in	ADP
fbem-9859	93	19	china	china	PROPN
fbem-9859	93	20	from	from	ADP
fbem-9859	93	21	2008	2008	NUM
fbem-9859	93	22	to	to	ADP
fbem-9859	93	23	2021	2021	NUM
fbem-9859	93	24	as	as	ADP
fbem-9859	93	25	the	the	DET
fbem-9859	93	26	research	research	NOUN
fbem-9859	93	27	sample	sample	NOUN
fbem-9859	93	28	,	,	PUNCT
fbem-9859	93	29	and	and	CCONJ
fbem-9859	93	30	does	do	AUX
fbem-9859	93	31	the	the	DET
fbem-9859	93	32	following	follow	VERB
fbem-9859	93	33	treatment	treatment	NOUN
fbem-9859	93	34	on	on	ADP
fbem-9859	93	35	the	the	DET
fbem-9859	93	36	initial	initial	ADJ
fbem-9859	93	37	sample	sample	NOUN
fbem-9859	93	38	:	:	PUNCT
fbem-9859	93	39	exclude	exclude	VERB
fbem-9859	93	40	st	st	PROPN
fbem-9859	93	41	or	or	CCONJ
fbem-9859	93	42	pt	pt	PROPN
fbem-9859	93	43	companies	company	NOUN
fbem-9859	93	44	;	;	PUNCT
fbem-9859	93	45	exclude	exclude	VERB
fbem-9859	93	46	the	the	DET
fbem-9859	93	47	sample	sample	NOUN
fbem-9859	93	48	of	of	ADP
fbem-9859	93	49	companies	company	NOUN
fbem-9859	93	50	with	with	ADP
fbem-9859	93	51	missing	miss	VERB
fbem-9859	93	52	financial	financial	ADJ
fbem-9859	93	53	data	datum	NOUN
fbem-9859	93	54	.	.	PUNCT
fbem-9859	94	1	corporate	corporate	ADJ
fbem-9859	94	2	financial	financial	ADJ
fbem-9859	94	3	status	status	NOUN
fbem-9859	94	4	,	,	PUNCT
fbem-9859	94	5	carbon	carbon	NOUN
fbem-9859	94	6	market	market	NOUN
fbem-9859	94	7	information	information	NOUN
fbem-9859	94	8	and	and	CCONJ
fbem-9859	94	9	other	other	ADJ
fbem-9859	94	10	related	related	ADJ
fbem-9859	94	11	indicators	indicator	NOUN
fbem-9859	94	12	were	be	AUX
fbem-9859	94	13	obtained	obtain	VERB
fbem-9859	94	14	from	from	ADP
fbem-9859	94	15	the	the	DET
fbem-9859	94	16	guotaian	guotaian	ADJ
fbem-9859	94	17	database	database	NOUN
fbem-9859	94	18	.	.	PUNCT
fbem-9859	95	1	after	after	ADP
fbem-9859	95	2	screening	screen	VERB
fbem-9859	95	3	,	,	PUNCT
fbem-9859	95	4	a	a	DET
fbem-9859	95	5	total	total	NOUN
fbem-9859	95	6	of	of	ADP
fbem-9859	95	7	20,100	20,100	NUM
fbem-9859	95	8	observation	observation	NOUN
fbem-9859	95	9	samples	sample	NOUN
fbem-9859	95	10	were	be	AUX
fbem-9859	95	11	obtained	obtain	VERB
fbem-9859	95	12	.	.	PUNCT
fbem-9859	96	1	4.2	4.2	NUM
fbem-9859	96	2	.	.	PUNCT
fbem-9859	96	3	model	model	PROPN
fbem-9859	96	4	building	build	VERB
fbem-9859	96	5	the	the	DET
fbem-9859	96	6	multi	multi	ADJ
fbem-9859	96	7	-	-	ADJ
fbem-9859	96	8	point	point	NOUN
fbem-9859	96	9	did	do	AUX
fbem-9859	96	10	model	model	NOUN
fbem-9859	96	11	is	be	AUX
fbem-9859	96	12	a	a	DET
fbem-9859	96	13	commonly	commonly	ADV
fbem-9859	96	14	used	use	VERB
fbem-9859	96	15	policy	policy	NOUN
fbem-9859	96	16	evaluation	evaluation	NOUN
fbem-9859	96	17	method	method	NOUN
fbem-9859	96	18	,	,	PUNCT
fbem-9859	96	19	which	which	PRON
fbem-9859	96	20	uses	use	VERB
fbem-9859	96	21	the	the	DET
fbem-9859	96	22	double	double	ADJ
fbem-9859	96	23	difference	difference	NOUN
fbem-9859	96	24	between	between	ADP
fbem-9859	96	25	cross	cross	ADJ
fbem-9859	96	26	-	-	ADJ
fbem-9859	96	27	sectional	sectional	ADJ
fbem-9859	96	28	and	and	CCONJ
fbem-9859	96	29	time	time	NOUN
fbem-9859	96	30	series	series	PROPN
fbem-9859	96	31	generated	generate	VERB
fbem-9859	96	32	by	by	ADP
fbem-9859	96	33	exogenous	exogenous	ADJ
fbem-9859	96	34	public	public	ADJ
fbem-9859	96	35	policies	policy	NOUN
fbem-9859	96	36	to	to	PART
fbem-9859	96	37	judge	judge	VERB
fbem-9859	96	38	the	the	DET
fbem-9859	96	39	policy	policy	NOUN
fbem-9859	96	40	effects	effect	NOUN
fbem-9859	96	41	.	.	PUNCT
fbem-9859	97	1	the	the	DET
fbem-9859	97	2	carbon	carbon	NOUN
fbem-9859	97	3	trading	trading	NOUN
fbem-9859	97	4	pilot	pilot	NOUN
fbem-9859	97	5	policy	policy	NOUN
fbem-9859	97	6	can	can	AUX
fbem-9859	97	7	be	be	AUX
fbem-9859	97	8	considered	consider	VERB
fbem-9859	97	9	as	as	ADP
fbem-9859	97	10	a	a	DET
fbem-9859	97	11	quasi	quasi	ADJ
fbem-9859	97	12	-	-	ADJ
fbem-9859	97	13	natural	natural	ADJ
fbem-9859	97	14	experiment	experiment	NOUN
fbem-9859	97	15	,	,	PUNCT
fbem-9859	97	16	and	and	CCONJ
fbem-9859	97	17	since	since	SCONJ
fbem-9859	97	18	the	the	DET
fbem-9859	97	19	carbon	carbon	NOUN
fbem-9859	97	20	trading	trading	NOUN
fbem-9859	97	21	pilot	pilot	NOUN
fbem-9859	97	22	is	be	AUX
fbem-9859	97	23	established	establish	VERB
fbem-9859	97	24	in	in	ADP
fbem-9859	97	25	batches	batch	NOUN
fbem-9859	97	26	,	,	PUNCT
fbem-9859	97	27	this	this	DET
fbem-9859	97	28	paper	paper	NOUN
fbem-9859	97	29	adopts	adopt	VERB
fbem-9859	97	30	a	a	DET
fbem-9859	97	31	multi	multi	ADJ
fbem-9859	97	32	-	-	ADJ
fbem-9859	97	33	point	point	ADJ
fbem-9859	97	34	double	double	ADJ
fbem-9859	97	35	difference	difference	NOUN
fbem-9859	97	36	model	model	NOUN
fbem-9859	97	37	,	,	PUNCT
fbem-9859	97	38	which	which	PRON
fbem-9859	97	39	is	be	AUX
fbem-9859	97	40	constructed	construct	VERB
fbem-9859	97	41	as	as	SCONJ
fbem-9859	97	42	follows	follow	VERB
fbem-9859	97	43	:	:	PUNCT
fbem-9859	97	44	itrtititit	itrtititit	NOUN
fbem-9859	97	45	didpatentgreen	didpatentgreen	NOUN
fbem-9859	97	46			X
fbem-9859	97	47			ADP
fbem-9859	97	48	210	210	NUM
fbem-9859	97	49	_	_	NOUN
fbem-9859	97	50	(	(	PUNCT
fbem-9859	97	51	1	1	X
fbem-9859	97	52	)	)	PUNCT
fbem-9859	97	53	in	in	ADP
fbem-9859	97	54	equation	equation	NOUN
fbem-9859	97	55	(	(	PUNCT
fbem-9859	97	56	1	1	NUM
fbem-9859	97	57	)	)	PUNCT
fbem-9859	97	58	,	,	PUNCT
fbem-9859	97	59	the	the	DET
fbem-9859	97	60	subscript	subscript	NOUN
fbem-9859	97	61	i	i	PRON
fbem-9859	97	62	denotes	denote	VERB
fbem-9859	97	63	the	the	DET
fbem-9859	97	64	firm	firm	NOUN
fbem-9859	97	65	and	and	CCONJ
fbem-9859	97	66	the	the	DET
fbem-9859	97	67	subscript	subscript	NOUN
fbem-9859	97	68	t	t	PROPN
fbem-9859	97	69	denotes	denote	VERB
fbem-9859	97	70	the	the	DET
fbem-9859	97	71	year	year	NOUN
fbem-9859	97	72	.	.	PUNCT
fbem-9859	98	1	itpatentgreen	itpatentgreen	VERB
fbem-9859	99	1	_	_	PRON
fbem-9859	99	2	is	be	AUX
fbem-9859	99	3	the	the	DET
fbem-9859	99	4	explanatory	explanatory	ADJ
fbem-9859	99	5	variable	variable	NOUN
fbem-9859	99	6	,	,	PUNCT
fbem-9859	99	7	i.e.	i.e.	X
fbem-9859	99	8	,	,	PUNCT
fbem-9859	99	9	the	the	DET
fbem-9859	99	10	firm	firm	NOUN
fbem-9859	99	11	's	's	PART
fbem-9859	99	12	green	green	ADJ
fbem-9859	99	13	technology	technology	NOUN
fbem-9859	99	14	innovation	innovation	NOUN
fbem-9859	99	15	.	.	PUNCT
fbem-9859	100	1	itdid	itdid	PROPN
fbem-9859	100	2	is	be	AUX
fbem-9859	100	3	the	the	DET
fbem-9859	100	4	core	core	ADJ
fbem-9859	100	5	explanatory	explanatory	ADJ
fbem-9859	100	6	variable	variable	NOUN
fbem-9859	100	7	,	,	PUNCT
fbem-9859	100	8	itiit	itiit	NOUN
fbem-9859	100	9	posttreatdid	posttreatdid	PROPN
fbem-9859	100	10			NOUN
fbem-9859	100	11	,	,	PUNCT
fbem-9859	100	12	itreat	itreat	NOUN
fbem-9859	100	13	represents	represent	VERB
fbem-9859	100	14	the	the	DET
fbem-9859	100	15	treatment	treatment	NOUN
fbem-9859	100	16	and	and	CCONJ
fbem-9859	100	17	control	control	NOUN
fbem-9859	100	18	groups	group	NOUN
fbem-9859	100	19	,	,	PUNCT
fbem-9859	100	20	itpost	itpost	NOUN
fbem-9859	100	21	represents	represent	VERB
fbem-9859	100	22	before	before	ADV
fbem-9859	100	23	and	and	CCONJ
fbem-9859	100	24	after	after	ADP
fbem-9859	100	25	policy	policy	NOUN
fbem-9859	100	26	implementation	implementation	NOUN
fbem-9859	100	27	.	.	PUNCT
fbem-9859	101	1	it	it	PROPN
fbem-9859	101	2	represents	represent	VERB
fbem-9859	101	3	a	a	DET
fbem-9859	101	4	set	set	NOUN
fbem-9859	101	5	of	of	ADP
fbem-9859	101	6	control	control	NOUN
fbem-9859	101	7	variables	variable	NOUN
fbem-9859	101	8	that	that	PRON
fbem-9859	101	9	may	may	AUX
fbem-9859	101	10	affect	affect	VERB
fbem-9859	101	11	green	green	ADJ
fbem-9859	101	12	technology	technology	NOUN
fbem-9859	101	13	innovation	innovation	NOUN
fbem-9859	101	14	,	,	PUNCT
fbem-9859	101	15	t	t	NOUN
fbem-9859	101	16	represents	represent	VERB
fbem-9859	101	17	year	year	NOUN
fbem-9859	101	18	-	-	PUNCT
fbem-9859	101	19	fixed	fix	VERB
fbem-9859	101	20	effects	effect	NOUN
fbem-9859	101	21	,	,	PUNCT
fbem-9859	101	22	r	r	PROPN
fbem-9859	101	23	represents	represent	VERB
fbem-9859	101	24	industry	industry	NOUN
fbem-9859	101	25	-	-	PUNCT
fbem-9859	101	26	fixed	fix	VERB
fbem-9859	101	27	effects	effect	NOUN
fbem-9859	101	28	,	,	PUNCT
fbem-9859	101	29	and	and	CCONJ
fbem-9859	101	30	it	it	NUM
fbem-9859	101	31	is	be	AUX
fbem-9859	101	32	the	the	DET
fbem-9859	101	33	residual	residual	ADJ
fbem-9859	101	34	term	term	NOUN
fbem-9859	101	35	.	.	PUNCT
fbem-9859	102	1	4.3	4.3	NUM
fbem-9859	102	2	.	.	PUNCT
fbem-9859	102	3	variable	variable	ADJ
fbem-9859	102	4	definition	definition	NOUN
fbem-9859	102	5	and	and	CCONJ
fbem-9859	102	6	description	description	NOUN
fbem-9859	102	7	(	(	PUNCT
fbem-9859	102	8	1	1	X
fbem-9859	102	9	)	)	PUNCT
fbem-9859	102	10	explained	explain	VERB
fbem-9859	102	11	variable	variable	NOUN
fbem-9859	102	12	.	.	PUNCT
fbem-9859	103	1	denoted	denote	VERB
fbem-9859	103	2	by	by	ADP
fbem-9859	103	3	green	green	ADJ
fbem-9859	103	4	technological	technological	ADJ
fbem-9859	103	5	innovation	innovation	NOUN
fbem-9859	103	6	(	(	PUNCT
fbem-9859	103	7	patentgreen	patentgreen	VERB
fbem-9859	103	8	_	_	PUNCT
fbem-9859	103	9	)	)	PUNCT
fbem-9859	103	10	.	.	PUNCT
fbem-9859	104	1	in	in	ADP
fbem-9859	104	2	this	this	DET
fbem-9859	104	3	paper	paper	NOUN
fbem-9859	104	4	,	,	PUNCT
fbem-9859	104	5	we	we	PRON
fbem-9859	104	6	refer	refer	VERB
fbem-9859	104	7	to	to	ADP
fbem-9859	104	8	the	the	DET
fbem-9859	104	9	green	green	PROPN
fbem-9859	104	10	technology	technology	PROPN
fbem-9859	104	11	innovation	innovation	NOUN
fbem-9859	104	12	index	index	NOUN
fbem-9859	104	13	construction	construction	NOUN
fbem-9859	104	14	of	of	ADP
fbem-9859	104	15	wei	wei	PROPN
fbem-9859	104	16	(	(	PUNCT
fbem-9859	104	17	2021	2021	NUM
fbem-9859	104	18	)	)	PUNCT
fbem-9859	104	19	and	and	CCONJ
fbem-9859	104	20	zhang	zhang	PROPN
fbem-9859	104	21	(	(	PUNCT
fbem-9859	104	22	2022	2022	NUM
fbem-9859	104	23	)	)	PUNCT
fbem-9859	104	24	and	and	CCONJ
fbem-9859	104	25	use	use	VERB
fbem-9859	104	26	the	the	DET
fbem-9859	104	27	sum	sum	NOUN
fbem-9859	104	28	of	of	ADP
fbem-9859	104	29	green	green	ADJ
fbem-9859	104	30	technology	technology	NOUN
fbem-9859	104	31	invention	invention	NOUN
fbem-9859	104	32	patents	patent	NOUN
fbem-9859	104	33	and	and	CCONJ
fbem-9859	104	34	green	green	ADJ
fbem-9859	104	35	utility	utility	NOUN
fbem-9859	104	36	model	model	NOUN
fbem-9859	104	37	patent	patent	NOUN
fbem-9859	104	38	applications	application	NOUN
fbem-9859	104	39	to	to	PART
fbem-9859	104	40	represent	represent	VERB
fbem-9859	104	41	the	the	DET
fbem-9859	104	42	green	green	PROPN
fbem-9859	104	43	technology	technology	PROPN
fbem-9859	104	44	innovation	innovation	NOUN
fbem-9859	104	45	level	level	NOUN
fbem-9859	104	46	of	of	ADP
fbem-9859	104	47	enterprises	enterprise	NOUN
fbem-9859	104	48	.	.	PUNCT
fbem-9859	105	1	(	(	PUNCT
fbem-9859	105	2	2	2	X
fbem-9859	105	3	)	)	PUNCT
fbem-9859	105	4	core	core	NOUN
fbem-9859	105	5	explanatory	explanatory	ADJ
fbem-9859	105	6	variable	variable	NOUN
fbem-9859	105	7	.	.	PUNCT
fbem-9859	106	1	carbon	carbon	NOUN
fbem-9859	106	2	emissions	emission	NOUN
fbem-9859	106	3	trading	trading	NOUN
fbem-9859	106	4	policy	policy	NOUN
fbem-9859	106	5	(	(	PUNCT
fbem-9859	106	6	did	do	AUX
fbem-9859	106	7	)	)	PUNCT
fbem-9859	106	8	.	.	PUNCT
fbem-9859	107	1	did	do	AUX
fbem-9859	107	2	is	be	AUX
fbem-9859	107	3	1	1	NUM
fbem-9859	107	4	if	if	SCONJ
fbem-9859	107	5	the	the	DET
fbem-9859	107	6	enterprise	enterprise	NOUN
fbem-9859	107	7	's	's	PART
fbem-9859	107	8	region	region	NOUN
fbem-9859	107	9	starts	start	VERB
fbem-9859	107	10	a	a	DET
fbem-9859	107	11	pilot	pilot	NOUN
fbem-9859	107	12	carbon	carbon	NOUN
fbem-9859	107	13	trading	trading	NOUN
fbem-9859	107	14	in	in	ADP
fbem-9859	107	15	year	year	NOUN
fbem-9859	107	16	t	t	PROPN
fbem-9859	107	17	,	,	PUNCT
fbem-9859	107	18	otherwise	otherwise	ADV
fbem-9859	107	19	did	do	AUX
fbem-9859	107	20	takes	take	VERB
fbem-9859	107	21	0	0	NUM
fbem-9859	107	22	.	.	PUNCT
fbem-9859	108	1	(	(	PUNCT
fbem-9859	108	2	3	3	X
fbem-9859	108	3	)	)	PUNCT
fbem-9859	108	4	control	control	NOUN
fbem-9859	108	5	variables	variable	NOUN
fbem-9859	108	6	.	.	PUNCT
fbem-9859	109	1	considering	consider	VERB
fbem-9859	109	2	that	that	SCONJ
fbem-9859	109	3	the	the	DET
fbem-9859	109	4	factors	factor	NOUN
fbem-9859	109	5	affecting	affect	VERB
fbem-9859	109	6	the	the	DET
fbem-9859	109	7	green	green	ADJ
fbem-9859	109	8	innovation	innovation	NOUN
fbem-9859	109	9	of	of	ADP
fbem-9859	109	10	enterprises	enterprise	NOUN
fbem-9859	109	11	are	be	AUX
fbem-9859	109	12	both	both	DET
fbem-9859	109	13	micro	micro	ADJ
fbem-9859	109	14	-	-	NOUN
fbem-9859	109	15	level	level	ADJ
fbem-9859	109	16	factors	factor	NOUN
fbem-9859	109	17	of	of	ADP
fbem-9859	109	18	the	the	DET
fbem-9859	109	19	enterprises	enterprise	NOUN
fbem-9859	109	20	themselves	themselves	PRON
fbem-9859	109	21	and	and	CCONJ
fbem-9859	109	22	macro	macro	ADJ
fbem-9859	109	23	-	-	NOUN
fbem-9859	109	24	level	level	ADJ
fbem-9859	109	25	regional	regional	ADJ
fbem-9859	109	26	factors	factor	NOUN
fbem-9859	109	27	,	,	PUNCT
fbem-9859	109	28	this	this	DET
fbem-9859	109	29	paper	paper	NOUN
fbem-9859	109	30	refers	refer	VERB
fbem-9859	109	31	to	to	ADP
fbem-9859	109	32	qi	qi	PROPN
fbem-9859	109	33	et	et	PROPN
fbem-9859	109	34	al	al	PROPN
fbem-9859	109	35	.	.	PROPN
fbem-9859	110	1	(	(	PUNCT
fbem-9859	110	2	2018	2018	NUM
fbem-9859	110	3	)	)	PUNCT
fbem-9859	111	1	to	to	PART
fbem-9859	111	2	select	select	VERB
fbem-9859	111	3	some	some	DET
fbem-9859	111	4	economic	economic	ADJ
fbem-9859	111	5	characteristics	characteristic	NOUN
fbem-9859	111	6	indicators	indicator	NOUN
fbem-9859	111	7	at	at	ADP
fbem-9859	111	8	the	the	DET
fbem-9859	111	9	enterprise	enterprise	NOUN
fbem-9859	111	10	level	level	NOUN
fbem-9859	111	11	as	as	ADP
fbem-9859	111	12	control	control	NOUN
fbem-9859	111	13	variables	variable	NOUN
fbem-9859	111	14	and	and	CCONJ
fbem-9859	111	15	xu	xu	INTJ
fbem-9859	111	16	et	et	PROPN
fbem-9859	111	17	al	al	PROPN
fbem-9859	111	18	.	.	PROPN
fbem-9859	112	1	(	(	PUNCT
fbem-9859	112	2	2020	2020	NUM
fbem-9859	112	3	)	)	PUNCT
fbem-9859	113	1	to	to	PART
fbem-9859	113	2	select	select	VERB
fbem-9859	113	3	some	some	DET
fbem-9859	113	4	city	city	NOUN
fbem-9859	113	5	-	-	PUNCT
fbem-9859	113	6	level	level	NOUN
fbem-9859	113	7	indicators	indicator	NOUN
fbem-9859	113	8	as	as	ADP
fbem-9859	113	9	control	control	NOUN
fbem-9859	113	10	variables	variable	NOUN
fbem-9859	114	1	.	.	PUNCT
fbem-9859	115	1	①enterprise	①enterprise	PROPN
fbem-9859	115	2	scale	scale	NOUN
fbem-9859	115	3	.	.	PUNCT
fbem-9859	116	1	measured	measure	VERB
fbem-9859	116	2	by	by	ADP
fbem-9859	116	3	the	the	DET
fbem-9859	116	4	total	total	ADJ
fbem-9859	116	5	assets	asset	NOUN
fbem-9859	116	6	of	of	ADP
fbem-9859	116	7	the	the	DET
fbem-9859	116	8	company	company	NOUN
fbem-9859	116	9	,	,	PUNCT
fbem-9859	116	10	expressed	express	VERB
fbem-9859	116	11	as	as	ADP
fbem-9859	116	12	lnsize	lnsize	NOUN
fbem-9859	116	13	after	after	ADP
fbem-9859	116	14	taking	take	VERB
fbem-9859	116	15	the	the	DET
fbem-9859	116	16	logarithm	logarithm	NOUN
fbem-9859	116	17	.	.	PUNCT
fbem-9859	117	1	②	②	NUM
fbem-9859	117	2	age	age	NOUN
fbem-9859	117	3	of	of	ADP
fbem-9859	117	4	the	the	DET
fbem-9859	117	5	enterprise	enterprise	NOUN
fbem-9859	117	6	.	.	PUNCT
fbem-9859	118	1	the	the	DET
fbem-9859	118	2	age	age	NOUN
fbem-9859	118	3	of	of	ADP
fbem-9859	118	4	an	an	DET
fbem-9859	118	5	enterprise	enterprise	NOUN
fbem-9859	118	6	reflects	reflect	VERB
fbem-9859	118	7	the	the	DET
fbem-9859	118	8	maturity	maturity	NOUN
fbem-9859	118	9	of	of	ADP
fbem-9859	118	10	the	the	DET
fbem-9859	118	11	firm	firm	NOUN
fbem-9859	118	12	,	,	PUNCT
fbem-9859	118	13	measured	measure	VERB
fbem-9859	118	14	by	by	ADP
fbem-9859	118	15	the	the	DET
fbem-9859	118	16	length	length	NOUN
fbem-9859	118	17	of	of	ADP
fbem-9859	118	18	time	time	NOUN
fbem-9859	118	19	the	the	DET
fbem-9859	118	20	firm	firm	NOUN
fbem-9859	118	21	has	have	AUX
fbem-9859	118	22	been	be	AUX
fbem-9859	118	23	on	on	ADP
fbem-9859	118	24	the	the	DET
fbem-9859	118	25	market	market	NOUN
fbem-9859	118	26	and	and	CCONJ
fbem-9859	118	27	expressed	express	VERB
fbem-9859	118	28	as	as	ADP
fbem-9859	118	29	lnage	lnage	NOUN
fbem-9859	118	30	after	after	ADP
fbem-9859	118	31	taking	take	VERB
fbem-9859	118	32	the	the	DET
fbem-9859	118	33	logarithm	logarithm	NOUN
fbem-9859	118	34	.	.	PUNCT
fbem-9859	119	1	③social	③social	ADJ
fbem-9859	119	2	wealth	wealth	NOUN
fbem-9859	119	3	creativity	creativity	NOUN
fbem-9859	119	4	of	of	ADP
fbem-9859	119	5	enterprise	enterprise	NOUN
fbem-9859	119	6	.	.	PUNCT
fbem-9859	120	1	the	the	DET
fbem-9859	120	2	ratio	ratio	NOUN
fbem-9859	120	3	of	of	ADP
fbem-9859	120	4	the	the	DET
fbem-9859	120	5	enterprise	enterprise	NOUN
fbem-9859	120	6	's	's	PART
fbem-9859	120	7	asset	asset	NOUN
fbem-9859	120	8	value	value	NOUN
fbem-9859	120	9	to	to	ADP
fbem-9859	120	10	capital	capital	NOUN
fbem-9859	120	11	replacement	replacement	NOUN
fbem-9859	120	12	cost	cost	NOUN
fbem-9859	120	13	is	be	AUX
fbem-9859	120	14	the	the	DET
fbem-9859	120	15	value	value	NOUN
fbem-9859	120	16	of	of	ADP
fbem-9859	120	17	tobinq	tobinq	NOUN
fbem-9859	120	18	.	.	PUNCT
fbem-9859	121	1	the	the	DET
fbem-9859	121	2	larger	large	ADJ
fbem-9859	121	3	tobinq	tobinq	NOUN
fbem-9859	121	4	indicates	indicate	VERB
fbem-9859	121	5	that	that	SCONJ
fbem-9859	121	6	the	the	DET
fbem-9859	121	7	enterprise	enterprise	NOUN
fbem-9859	121	8	creates	create	VERB
fbem-9859	121	9	more	more	ADJ
fbem-9859	121	10	social	social	ADJ
fbem-9859	121	11	wealth	wealth	NOUN
fbem-9859	121	12	,	,	PUNCT
fbem-9859	121	13	so	so	SCONJ
fbem-9859	121	14	this	this	DET
fbem-9859	121	15	indicator	indicator	NOUN
fbem-9859	121	16	is	be	AUX
fbem-9859	121	17	expressed	express	VERB
fbem-9859	121	18	as	as	ADP
fbem-9859	121	19	tobinq	tobinq	ADJ
fbem-9859	121	20	after	after	ADP
fbem-9859	121	21	taking	take	VERB
fbem-9859	121	22	the	the	DET
fbem-9859	121	23	logarithm	logarithm	NOUN
fbem-9859	121	24	,	,	PUNCT
fbem-9859	121	25	i.e.	i.e.	X
fbem-9859	121	26	lntobinq	lntobinq	NOUN
fbem-9859	121	27	.	.	PUNCT
fbem-9859	122	1	④financial	④financial	ADJ
fbem-9859	122	2	leverage	leverage	NOUN
fbem-9859	122	3	for	for	ADP
fbem-9859	122	4	enterprise	enterprise	NOUN
fbem-9859	122	5	.	.	PUNCT
fbem-9859	123	1	measured	measure	VERB
fbem-9859	123	2	as	as	ADP
fbem-9859	123	3	the	the	DET
fbem-9859	123	4	ratio	ratio	NOUN
fbem-9859	123	5	of	of	ADP
fbem-9859	123	6	total	total	ADJ
fbem-9859	123	7	corporate	corporate	ADJ
fbem-9859	123	8	liabilities	liability	NOUN
fbem-9859	123	9	to	to	PART
fbem-9859	123	10	total	total	ADJ
fbem-9859	123	11	assets	asset	NOUN
fbem-9859	123	12	,	,	PUNCT
fbem-9859	123	13	expressed	express	VERB
fbem-9859	123	14	as	as	ADP
fbem-9859	123	15	lev	lev	NOUN
fbem-9859	123	16	.	.	PUNCT
fbem-9859	124	1	⑤	⑤	NUM
fbem-9859	124	2	cash	cash	NOUN
fbem-9859	124	3	holding	hold	VERB
fbem-9859	124	4	ratio	ratio	NOUN
fbem-9859	124	5	.	.	PUNCT
fbem-9859	125	1	measured	measure	VERB
fbem-9859	125	2	as	as	ADP
fbem-9859	125	3	cash	cash	NOUN
fbem-9859	125	4	assets	asset	NOUN
fbem-9859	125	5	as	as	ADP
fbem-9859	125	6	a	a	DET
fbem-9859	125	7	percentage	percentage	NOUN
fbem-9859	125	8	of	of	ADP
fbem-9859	125	9	total	total	ADJ
fbem-9859	125	10	assets	asset	NOUN
fbem-9859	125	11	,	,	PUNCT
fbem-9859	125	12	expressed	express	VERB
fbem-9859	125	13	as	as	ADP
fbem-9859	125	14	cash	cash	NOUN
fbem-9859	125	15	.	.	PUNCT
fbem-9859	126	1	⑥return	⑥return	NOUN
fbem-9859	126	2	on	on	ADP
fbem-9859	126	3	total	total	ADJ
fbem-9859	126	4	assets	asset	NOUN
fbem-9859	126	5	.	.	PUNCT
fbem-9859	127	1	return	return	VERB
fbem-9859	127	2	on	on	ADP
fbem-9859	127	3	total	total	ADJ
fbem-9859	127	4	assets	asset	NOUN
fbem-9859	127	5	is	be	AUX
fbem-9859	127	6	measured	measure	VERB
fbem-9859	127	7	by	by	ADP
fbem-9859	127	8	the	the	DET
fbem-9859	127	9	ratio	ratio	NOUN
fbem-9859	127	10	of	of	ADP
fbem-9859	127	11	a	a	DET
fbem-9859	127	12	firm	firm	NOUN
fbem-9859	127	13	's	's	PART
fbem-9859	127	14	net	net	ADJ
fbem-9859	127	15	income	income	NOUN
fbem-9859	127	16	to	to	ADP
fbem-9859	127	17	its	its	PRON
fbem-9859	127	18	total	total	ADJ
fbem-9859	127	19	assets	asset	NOUN
fbem-9859	127	20	and	and	CCONJ
fbem-9859	127	21	is	be	AUX
fbem-9859	127	22	expressed	express	VERB
fbem-9859	127	23	as	as	ADP
fbem-9859	127	24	roa	roa	PROPN
fbem-9859	127	25	.	.	PUNCT
fbem-9859	128	1	⑦	⑦	NUM
fbem-9859	128	2	enterprise	enterprise	NOUN
fbem-9859	128	3	investment	investment	NOUN
fbem-9859	128	4	level	level	NOUN
fbem-9859	128	5	.	.	PUNCT
fbem-9859	129	1	the	the	DET
fbem-9859	129	2	investment	investment	NOUN
fbem-9859	129	3	level	level	NOUN
fbem-9859	129	4	of	of	ADP
fbem-9859	129	5	an	an	DET
fbem-9859	129	6	enterprise	enterprise	NOUN
fbem-9859	129	7	is	be	AUX
fbem-9859	129	8	the	the	DET
fbem-9859	129	9	ratio	ratio	NOUN
fbem-9859	129	10	of	of	ADP
fbem-9859	129	11	cash	cash	NOUN
fbem-9859	129	12	paid	pay	VERB
fbem-9859	129	13	for	for	ADP
fbem-9859	129	14	the	the	DET
fbem-9859	129	15	acquisition	acquisition	NOUN
fbem-9859	129	16	of	of	ADP
fbem-9859	129	17	fixed	fix	VERB
fbem-9859	129	18	assets	asset	NOUN
fbem-9859	129	19	,	,	PUNCT
fbem-9859	129	20	intangible	intangible	ADJ
fbem-9859	129	21	assets	asset	NOUN
fbem-9859	129	22	and	and	CCONJ
fbem-9859	129	23	other	other	ADJ
fbem-9859	129	24	long	long	ADJ
fbem-9859	129	25	-	-	PUNCT
fbem-9859	129	26	term	term	NOUN
fbem-9859	129	27	assets	asset	NOUN
fbem-9859	129	28	to	to	ADP
fbem-9859	129	29	total	total	ADJ
fbem-9859	129	30	assets	asset	NOUN
fbem-9859	129	31	,	,	PUNCT
fbem-9859	129	32	expressed	express	VERB
fbem-9859	129	33	as	as	ADP
fbem-9859	129	34	inv_level	inv_level	NOUN
fbem-9859	129	35	.	.	PUNCT
fbem-9859	130	1	⑧relevant	⑧relevant	ADJ
fbem-9859	130	2	control	control	NOUN
fbem-9859	130	3	variables	variable	NOUN
fbem-9859	130	4	at	at	ADP
fbem-9859	130	5	city	city	NOUN
fbem-9859	130	6	level	level	NOUN
fbem-9859	130	7	.	.	PUNCT
fbem-9859	131	1	considering	consider	VERB
fbem-9859	131	2	that	that	SCONJ
fbem-9859	131	3	city	city	NOUN
fbem-9859	131	4	-	-	PUNCT
fbem-9859	131	5	level	level	NOUN
fbem-9859	131	6	indicators	indicator	NOUN
fbem-9859	131	7	such	such	ADJ
fbem-9859	131	8	as	as	ADP
fbem-9859	131	9	regional	regional	ADJ
fbem-9859	131	10	openness	openness	NOUN
fbem-9859	131	11	,	,	PUNCT
fbem-9859	131	12	regional	regional	ADJ
fbem-9859	131	13	industrial	industrial	ADJ
fbem-9859	131	14	structure	structure	NOUN
fbem-9859	131	15	,	,	PUNCT
fbem-9859	131	16	and	and	CCONJ
fbem-9859	131	17	economic	economic	ADJ
fbem-9859	131	18	development	development	NOUN
fbem-9859	131	19	level	level	NOUN
fbem-9859	131	20	can	can	AUX
fbem-9859	131	21	have	have	VERB
fbem-9859	131	22	an	an	DET
fbem-9859	131	23	impact	impact	NOUN
fbem-9859	131	24	on	on	ADP
fbem-9859	131	25	enterprises	enterprise	NOUN
fbem-9859	131	26	'	'	PART
fbem-9859	131	27	green	green	ADJ
fbem-9859	131	28	technology	technology	NOUN
fbem-9859	131	29	innovation	innovation	NOUN
fbem-9859	131	30	(	(	PUNCT
fbem-9859	131	31	yu	yu	PROPN
fbem-9859	131	32	yongze	yongze	VERB
fbem-9859	131	33	et	et	PROPN
fbem-9859	131	34	al	al	PROPN
fbem-9859	131	35	.	.	PROPN
fbem-9859	131	36	,	,	PUNCT
fbem-9859	131	37	2022	2022	NUM
fbem-9859	131	38	)	)	PUNCT
fbem-9859	131	39	,	,	PUNCT
fbem-9859	131	40	this	this	DET
fbem-9859	131	41	paper	paper	NOUN
fbem-9859	131	42	also	also	ADV
fbem-9859	131	43	selects	select	VERB
fbem-9859	131	44	urbanization	urbanization	NOUN
fbem-9859	131	45	rate	rate	NOUN
fbem-9859	131	46	,	,	PUNCT
fbem-9859	131	47	foreign	foreign	ADJ
fbem-9859	131	48	investment	investment	NOUN
fbem-9859	131	49	share	share	NOUN
fbem-9859	131	50	,	,	PUNCT
fbem-9859	131	51	industrial	industrial	ADJ
fbem-9859	131	52	structure	structure	NOUN
fbem-9859	131	53	,	,	PUNCT
fbem-9859	131	54	and	and	CCONJ
fbem-9859	131	55	fiscal	fiscal	ADJ
fbem-9859	131	56	dependence	dependence	NOUN
fbem-9859	131	57	as	as	ADP
fbem-9859	131	58	control	control	NOUN
fbem-9859	131	59	variables	variable	NOUN
fbem-9859	131	60	.	.	PUNCT
fbem-9859	132	1	urbanization	urbanization	NOUN
fbem-9859	132	2	rate	rate	NOUN
fbem-9859	132	3	is	be	AUX
fbem-9859	132	4	the	the	DET
fbem-9859	132	5	ratio	ratio	NOUN
fbem-9859	132	6	of	of	ADP
fbem-9859	132	7	urban	urban	ADJ
fbem-9859	132	8	household	household	NOUN
fbem-9859	132	9	population	population	NOUN
fbem-9859	132	10	to	to	ADP
fbem-9859	132	11	total	total	ADJ
fbem-9859	132	12	household	household	NOUN
fbem-9859	132	13	population	population	NOUN
fbem-9859	132	14	,	,	PUNCT
fbem-9859	132	15	denoted	denote	VERB
fbem-9859	132	16	by	by	ADP
fbem-9859	132	17	ur	ur	INTJ
fbem-9859	132	18	;	;	PUNCT
fbem-9859	132	19	foreign	foreign	ADJ
fbem-9859	132	20	investment	investment	NOUN
fbem-9859	132	21	share	share	NOUN
fbem-9859	132	22	is	be	AUX
fbem-9859	132	23	the	the	DET
fbem-9859	132	24	proportion	proportion	NOUN
fbem-9859	132	25	of	of	ADP
fbem-9859	132	26	total	total	ADJ
fbem-9859	132	27	foreign	foreign	ADJ
fbem-9859	132	28	investment	investment	NOUN
fbem-9859	132	29	to	to	ADP
fbem-9859	132	30	gdp	gdp	NOUN
fbem-9859	132	31	,	,	PUNCT
fbem-9859	132	32	denoted	denote	VERB
fbem-9859	132	33	by	by	ADP
fbem-9859	132	34	fdi	fdi	PROPN
fbem-9859	132	35	;	;	PUNCT
fbem-9859	132	36	industrial	industrial	ADJ
fbem-9859	132	37	structure	structure	NOUN
fbem-9859	132	38	is	be	AUX
fbem-9859	132	39	the	the	DET
fbem-9859	132	40	proportion	proportion	NOUN
fbem-9859	132	41	of	of	ADP
fbem-9859	132	42	gdp	gdp	NOUN
fbem-9859	132	43	of	of	ADP
fbem-9859	132	44	secondary	secondary	ADJ
fbem-9859	132	45	industry	industry	NOUN
fbem-9859	132	46	to	to	ADP
fbem-9859	132	47	regional	regional	PROPN
fbem-9859	132	48	gdp	gdp	NOUN
fbem-9859	132	49	,	,	PUNCT
fbem-9859	132	50	denoted	denote	VERB
fbem-9859	132	51	by	by	ADP
fbem-9859	132	52	ind_str	ind_str	PROPN
fbem-9859	132	53	;	;	PUNCT
fbem-9859	132	54	fiscal	fiscal	ADJ
fbem-9859	132	55	dependence	dependence	NOUN
fbem-9859	132	56	is	be	AUX
fbem-9859	132	57	the	the	DET
fbem-9859	132	58	ratio	ratio	NOUN
fbem-9859	132	59	of	of	ADP
fbem-9859	132	60	local	local	ADJ
fbem-9859	132	61	general	general	ADJ
fbem-9859	132	62	public	public	ADJ
fbem-9859	132	63	budget	budget	NOUN
fbem-9859	132	64	revenue	revenue	NOUN
fbem-9859	132	65	to	to	ADP
fbem-9859	132	66	regional	regional	PROPN
fbem-9859	132	67	gdp	gdp	NOUN
fbem-9859	132	68	,	,	PUNCT
fbem-9859	132	69	denoted	denote	VERB
fbem-9859	132	70	by	by	ADP
fbem-9859	132	71	rely	rely	NOUN
fbem-9859	132	72	.	.	PUNCT
fbem-9859	133	1	(	(	PUNCT
fbem-9859	133	2	4	4	X
fbem-9859	133	3	)	)	PUNCT
fbem-9859	133	4	adjustment	adjustment	NOUN
fbem-9859	133	5	variables	variable	NOUN
fbem-9859	133	6	.	.	PUNCT
fbem-9859	134	1	carbon	carbon	NOUN
fbem-9859	134	2	trading	trading	NOUN
fbem-9859	134	3	market	market	NOUN
fbem-9859	134	4	mechanism	mechanism	NOUN
fbem-9859	134	5	.	.	PUNCT
fbem-9859	135	1	in	in	ADP
fbem-9859	135	2	this	this	DET
fbem-9859	135	3	paper	paper	NOUN
fbem-9859	135	4	,	,	PUNCT
fbem-9859	135	5	we	we	PRON
fbem-9859	135	6	refer	refer	VERB
fbem-9859	135	7	to	to	ADP
fbem-9859	135	8	wu	wu	PROPN
fbem-9859	135	9	et	et	PROPN
fbem-9859	135	10	al	al	PROPN
fbem-9859	135	11	.	.	PROPN
fbem-9859	136	1	(	(	PUNCT
fbem-9859	136	2	2021	2021	NUM
fbem-9859	136	3	)	)	PUNCT
fbem-9859	137	1	to	to	PART
fbem-9859	137	2	select	select	VERB
fbem-9859	137	3	carbon	carbon	NOUN
fbem-9859	137	4	price	price	NOUN
fbem-9859	137	5	,	,	PUNCT
fbem-9859	137	6	carbon	carbon	NOUN
fbem-9859	137	7	market	market	NOUN
fbem-9859	137	8	liquidity	liquidity	NOUN
fbem-9859	137	9	,	,	PUNCT
fbem-9859	137	10	and	and	CCONJ
fbem-9859	137	11	carbon	carbon	NOUN
fbem-9859	137	12	market	market	NOUN
fbem-9859	137	13	size	size	NOUN
fbem-9859	137	14	as	as	SCONJ
fbem-9859	137	15	the	the	DET
fbem-9859	137	16	moderating	moderating	NOUN
fbem-9859	137	17	variables	variable	NOUN
fbem-9859	137	18	to	to	PART
fbem-9859	137	19	measure	measure	VERB
fbem-9859	137	20	the	the	DET
fbem-9859	137	21	carbon	carbon	NOUN
fbem-9859	137	22	market	market	NOUN
fbem-9859	137	23	mechanism	mechanism	NOUN
fbem-9859	137	24	.	.	PUNCT
fbem-9859	138	1	among	among	ADP
fbem-9859	138	2	them	they	PRON
fbem-9859	138	3	,	,	PUNCT
fbem-9859	138	4	carbon	carbon	NOUN
fbem-9859	138	5	price	price	NOUN
fbem-9859	138	6	is	be	AUX
fbem-9859	138	7	the	the	DET
fbem-9859	138	8	annual	annual	ADJ
fbem-9859	138	9	average	average	ADJ
fbem-9859	138	10	42	42	NUM
fbem-9859	138	11	price	price	NOUN
fbem-9859	138	12	of	of	ADP
fbem-9859	138	13	daily	daily	ADJ
fbem-9859	138	14	closing	closing	NOUN
fbem-9859	138	15	price	price	NOUN
fbem-9859	138	16	,	,	PUNCT
fbem-9859	138	17	which	which	PRON
fbem-9859	138	18	is	be	AUX
fbem-9859	138	19	expressed	express	VERB
fbem-9859	138	20	by	by	ADP
fbem-9859	138	21	lnprice	lnprice	NOUN
fbem-9859	138	22	after	after	ADP
fbem-9859	138	23	taking	take	VERB
fbem-9859	138	24	logarithm	logarithm	NOUN
fbem-9859	138	25	;	;	PUNCT
fbem-9859	138	26	carbon	carbon	NOUN
fbem-9859	138	27	market	market	NOUN
fbem-9859	138	28	liquidity	liquidity	NOUN
fbem-9859	138	29	is	be	AUX
fbem-9859	138	30	measured	measure	VERB
fbem-9859	138	31	by	by	ADP
fbem-9859	138	32	the	the	DET
fbem-9859	138	33	annual	annual	ADJ
fbem-9859	138	34	non	non	ADJ
fbem-9859	138	35	-	-	ADJ
fbem-9859	138	36	zero	zero	NUM
fbem-9859	138	37	trading	trading	NOUN
fbem-9859	138	38	days	day	NOUN
fbem-9859	138	39	,	,	PUNCT
fbem-9859	138	40	which	which	PRON
fbem-9859	138	41	is	be	AUX
fbem-9859	138	42	expressed	express	VERB
fbem-9859	138	43	by	by	ADP
fbem-9859	138	44	lnday	lnday	PROPN
fbem-9859	138	45	after	after	ADP
fbem-9859	138	46	taking	take	VERB
fbem-9859	138	47	logarithm	logarithm	NOUN
fbem-9859	138	48	;	;	PUNCT
fbem-9859	138	49	carbon	carbon	NOUN
fbem-9859	138	50	market	market	NOUN
fbem-9859	138	51	size	size	NOUN
fbem-9859	138	52	is	be	AUX
fbem-9859	138	53	the	the	DET
fbem-9859	138	54	total	total	ADJ
fbem-9859	138	55	annual	annual	ADJ
fbem-9859	138	56	trading	trading	NOUN
fbem-9859	138	57	volume	volume	NOUN
fbem-9859	138	58	,	,	PUNCT
fbem-9859	138	59	which	which	PRON
fbem-9859	138	60	is	be	AUX
fbem-9859	138	61	expressed	express	VERB
fbem-9859	138	62	by	by	ADP
fbem-9859	138	63	lnscale	lnscale	NOUN
fbem-9859	138	64	after	after	ADP
fbem-9859	138	65	taking	take	VERB
fbem-9859	138	66	logarithm	logarithm	NOUN
fbem-9859	138	67	.	.	PUNCT
fbem-9859	139	1	the	the	DET
fbem-9859	139	2	main	main	ADJ
fbem-9859	139	3	variables	variable	NOUN
fbem-9859	139	4	are	be	AUX
fbem-9859	139	5	defined	define	VERB
fbem-9859	139	6	and	and	CCONJ
fbem-9859	139	7	described	describe	VERB
fbem-9859	139	8	in	in	ADP
fbem-9859	139	9	table	table	NOUN
fbem-9859	140	1	1	1	NUM
fbem-9859	140	2	:	:	PUNCT
fbem-9859	140	3	table	table	NOUN
fbem-9859	140	4	1	1	NUM
fbem-9859	140	5	.	.	PUNCT
fbem-9859	140	6	definition	definition	NOUN
fbem-9859	140	7	and	and	CCONJ
fbem-9859	140	8	description	description	NOUN
fbem-9859	140	9	of	of	ADP
fbem-9859	140	10	main	main	ADJ
fbem-9859	140	11	variables	variable	NOUN
fbem-9859	140	12	variable	variable	ADJ
fbem-9859	140	13	type	type	NOUN
fbem-9859	140	14	variable	variable	ADJ
fbem-9859	140	15	name	name	NOUN
fbem-9859	140	16	variable	variable	ADJ
fbem-9859	140	17	symbol	symbol	NOUN
fbem-9859	140	18	variable	variable	ADJ
fbem-9859	140	19	description	description	NOUN
fbem-9859	140	20	explanatory	explanatory	ADJ
fbem-9859	140	21	variable	variable	ADJ
fbem-9859	140	22	carbon	carbon	NOUN
fbem-9859	140	23	emissions	emission	NOUN
fbem-9859	140	24	trading	trading	NOUN
fbem-9859	140	25	policy	policy	NOUN
fbem-9859	140	26	did	do	AUX
fbem-9859	140	27	did	do	VERB
fbem-9859	140	28	is	be	AUX
fbem-9859	140	29	1	1	NUM
fbem-9859	140	30	if	if	SCONJ
fbem-9859	140	31	the	the	DET
fbem-9859	140	32	enterprise	enterprise	NOUN
fbem-9859	140	33	's	's	PART
fbem-9859	140	34	region	region	NOUN
fbem-9859	140	35	starts	start	VERB
fbem-9859	140	36	a	a	DET
fbem-9859	140	37	carbon	carbon	NOUN
fbem-9859	140	38	trading	trading	NOUN
fbem-9859	140	39	pilot	pilot	NOUN
fbem-9859	140	40	in	in	ADP
fbem-9859	140	41	year	year	PROPN
fbem-9859	140	42	t	t	PROPN
fbem-9859	140	43	,	,	PUNCT
fbem-9859	140	44	otherwise	otherwise	ADV
fbem-9859	140	45	did	do	AUX
fbem-9859	140	46	takes	take	VERB
fbem-9859	140	47	0	0	NUM
fbem-9859	140	48	.	.	PUNCT
fbem-9859	141	1	explained	explain	VERB
fbem-9859	141	2	variable	variable	ADJ
fbem-9859	141	3	corporate	corporate	ADJ
fbem-9859	141	4	green	green	ADJ
fbem-9859	141	5	technology	technology	NOUN
fbem-9859	141	6	innovation	innovation	NOUN
fbem-9859	141	7	patentgreen	patentgreen	VERB
fbem-9859	141	8	_	_	PUNCT
fbem-9859	142	1	the	the	DET
fbem-9859	142	2	sum	sum	NOUN
fbem-9859	142	3	of	of	ADP
fbem-9859	142	4	the	the	DET
fbem-9859	142	5	annual	annual	ADJ
fbem-9859	142	6	number	number	NOUN
fbem-9859	142	7	of	of	ADP
fbem-9859	142	8	green	green	ADJ
fbem-9859	142	9	invention	invention	NOUN
fbem-9859	142	10	patent	patent	NOUN
fbem-9859	142	11	and	and	CCONJ
fbem-9859	142	12	green	green	ADJ
fbem-9859	142	13	utility	utility	NOUN
fbem-9859	142	14	model	model	NOUN
fbem-9859	142	15	patent	patent	NOUN
fbem-9859	142	16	applications	application	NOUN
fbem-9859	142	17	by	by	ADP
fbem-9859	142	18	enterprises	enterprise	NOUN
fbem-9859	142	19	adjustment	adjustment	NOUN
fbem-9859	142	20	variables	variable	VERB
fbem-9859	142	21	carbon	carbon	NOUN
fbem-9859	142	22	price	price	NOUN
fbem-9859	142	23	ln	ln	ADJ
fbem-9859	142	24	price	price	NOUN
fbem-9859	142	25	logarithm	logarithm	NOUN
fbem-9859	142	26	of	of	ADP
fbem-9859	142	27	the	the	DET
fbem-9859	142	28	annual	annual	ADJ
fbem-9859	142	29	average	average	NOUN
fbem-9859	142	30	of	of	ADP
fbem-9859	142	31	daily	daily	ADJ
fbem-9859	142	32	closing	closing	NOUN
fbem-9859	142	33	prices	price	NOUN
fbem-9859	142	34	carbon	carbon	NOUN
fbem-9859	142	35	market	market	NOUN
fbem-9859	142	36	liquidity	liquidity	NOUN
fbem-9859	142	37	ln	ln	PROPN
fbem-9859	142	38	day	day	NOUN
fbem-9859	142	39	logarithm	logarithm	NOUN
fbem-9859	142	40	of	of	ADP
fbem-9859	142	41	the	the	DET
fbem-9859	142	42	number	number	NOUN
fbem-9859	142	43	of	of	ADP
fbem-9859	142	44	non	non	ADJ
fbem-9859	142	45	-	-	ADJ
fbem-9859	142	46	zero	zero	NUM
fbem-9859	142	47	trading	trading	NOUN
fbem-9859	142	48	days	day	NOUN
fbem-9859	142	49	per	per	ADP
fbem-9859	142	50	year	year	NOUN
fbem-9859	142	51	carbon	carbon	NOUN
fbem-9859	142	52	market	market	NOUN
fbem-9859	142	53	size	size	NOUN
fbem-9859	142	54	scaleln	scaleln	ADJ
fbem-9859	142	55	logarithmic	logarithmic	ADJ
fbem-9859	142	56	value	value	NOUN
fbem-9859	142	57	of	of	ADP
fbem-9859	142	58	total	total	ADJ
fbem-9859	142	59	carbon	carbon	NOUN
fbem-9859	142	60	trading	trading	NOUN
fbem-9859	142	61	in	in	ADP
fbem-9859	142	62	the	the	DET
fbem-9859	142	63	year	year	NOUN
fbem-9859	142	64	control	control	NOUN
fbem-9859	142	65	variables	variable	VERB
fbem-9859	142	66	enterprise	enterprise	NOUN
fbem-9859	142	67	scale	scale	NOUN
fbem-9859	142	68	sizeln	sizeln	ADJ
fbem-9859	142	69	logarithmic	logarithmic	ADJ
fbem-9859	142	70	value	value	NOUN
fbem-9859	142	71	of	of	ADP
fbem-9859	142	72	total	total	ADJ
fbem-9859	142	73	corporate	corporate	ADJ
fbem-9859	142	74	assets	asset	NOUN
fbem-9859	142	75	age	age	NOUN
fbem-9859	142	76	of	of	ADP
fbem-9859	142	77	the	the	DET
fbem-9859	142	78	enterprise	enterprise	NOUN
fbem-9859	142	79	ageln	ageln	NOUN
fbem-9859	142	80	logarithmic	logarithmic	ADJ
fbem-9859	142	81	value	value	NOUN
fbem-9859	142	82	of	of	ADP
fbem-9859	142	83	the	the	DET
fbem-9859	142	84	length	length	NOUN
fbem-9859	142	85	of	of	ADP
fbem-9859	142	86	time	time	NOUN
fbem-9859	142	87	a	a	DET
fbem-9859	142	88	company	company	NOUN
fbem-9859	142	89	has	have	AUX
fbem-9859	142	90	been	be	AUX
fbem-9859	142	91	listed	list	VERB
fbem-9859	142	92	social	social	ADJ
fbem-9859	142	93	wealth	wealth	NOUN
fbem-9859	142	94	creativity	creativity	NOUN
fbem-9859	142	95	of	of	ADP
fbem-9859	142	96	enterprise	enterprise	NOUN
fbem-9859	142	97	tobinqln	tobinqln	NOUN
fbem-9859	142	98	logarithmic	logarithmic	ADJ
fbem-9859	142	99	value	value	NOUN
fbem-9859	142	100	of	of	ADP
fbem-9859	142	101	tobin	tobin	NOUN
fbem-9859	142	102	's	's	PART
fbem-9859	142	103	q	q	NOUN
fbem-9859	142	104	value	value	NOUN
fbem-9859	142	105	for	for	ADP
fbem-9859	142	106	the	the	DET
fbem-9859	142	107	enterprise	enterprise	NOUN
fbem-9859	142	108	financial	financial	ADJ
fbem-9859	142	109	leverage	leverage	NOUN
fbem-9859	142	110	for	for	ADP
fbem-9859	142	111	enterprise	enterprise	NOUN
fbem-9859	142	112	lev	lev	NOUN
fbem-9859	142	113	total	total	ADJ
fbem-9859	142	114	liabilities	liability	NOUN
fbem-9859	142	115	/	/	SYM
fbem-9859	142	116	total	total	ADJ
fbem-9859	142	117	assets	asset	NOUN
fbem-9859	142	118	cash	cash	NOUN
fbem-9859	142	119	holding	hold	VERB
fbem-9859	142	120	ratio	ratio	NOUN
fbem-9859	142	121	cash	cash	NOUN
fbem-9859	142	122	cash	cash	NOUN
fbem-9859	142	123	assets	asset	NOUN
fbem-9859	142	124	/	/	SYM
fbem-9859	142	125	total	total	ADJ
fbem-9859	142	126	assets	asset	NOUN
fbem-9859	142	127	return	return	VERB
fbem-9859	142	128	on	on	ADP
fbem-9859	142	129	total	total	ADJ
fbem-9859	142	130	assets	asset	NOUN
fbem-9859	142	131	roa	roa	PROPN
fbem-9859	142	132	net	net	ADJ
fbem-9859	142	133	profit	profit	NOUN
fbem-9859	142	134	/	/	SYM
fbem-9859	142	135	total	total	ADJ
fbem-9859	142	136	assets	asset	NOUN
fbem-9859	142	137	enterprise	enterprise	NOUN
fbem-9859	142	138	investment	investment	NOUN
fbem-9859	142	139	level	level	NOUN
fbem-9859	142	140	levelinv	levelinv	NOUN
fbem-9859	142	141	_	_	DET
fbem-9859	142	142	acquisition	acquisition	NOUN
fbem-9859	142	143	of	of	ADP
fbem-9859	142	144	fixed	fix	VERB
fbem-9859	142	145	assets	asset	NOUN
fbem-9859	142	146	,	,	PUNCT
fbem-9859	142	147	intangible	intangible	ADJ
fbem-9859	142	148	assets	asset	NOUN
fbem-9859	142	149	and	and	CCONJ
fbem-9859	142	150	other	other	ADJ
fbem-9859	142	151	long	long	ADJ
fbem-9859	142	152	-	-	PUNCT
fbem-9859	142	153	term	term	NOUN
fbem-9859	142	154	assets	asset	NOUN
fbem-9859	142	155	/	/	SYM
fbem-9859	142	156	total	total	ADJ
fbem-9859	142	157	assets	asset	NOUN
fbem-9859	142	158	urbanization	urbanization	NOUN
fbem-9859	142	159	rate	rate	NOUN
fbem-9859	142	160	ur	ur	INTJ
fbem-9859	142	161	urban	urban	ADJ
fbem-9859	142	162	household	household	NOUN
fbem-9859	142	163	population	population	NOUN
fbem-9859	142	164	/	/	SYM
fbem-9859	142	165	total	total	ADJ
fbem-9859	142	166	household	household	NOUN
fbem-9859	142	167	population	population	NOUN
fbem-9859	142	168	industrial	industrial	ADJ
fbem-9859	142	169	structure	structure	NOUN
fbem-9859	142	170	strind	strind	VERB
fbem-9859	142	171	_	_	DET
fbem-9859	142	172	gdp	gdp	NOUN
fbem-9859	142	173	of	of	ADP
fbem-9859	142	174	the	the	DET
fbem-9859	142	175	secondary	secondary	ADJ
fbem-9859	142	176	sector	sector	NOUN
fbem-9859	142	177	/	/	SYM
fbem-9859	142	178	regional	regional	ADJ
fbem-9859	142	179	gdp	gdp	NOUN
fbem-9859	142	180	foreign	foreign	ADJ
fbem-9859	142	181	investment	investment	NOUN
fbem-9859	142	182	share	share	NOUN
fbem-9859	142	183	fdi	fdi	NOUN
fbem-9859	142	184	total	total	ADJ
fbem-9859	142	185	foreign	foreign	ADJ
fbem-9859	142	186	investment	investment	NOUN
fbem-9859	142	187	/	/	SYM
fbem-9859	142	188	regional	regional	ADJ
fbem-9859	142	189	gdp	gdp	NOUN
fbem-9859	142	190	fiscal	fiscal	ADJ
fbem-9859	142	191	dependence	dependence	NOUN
fbem-9859	142	192	rely	rely	VERB
fbem-9859	142	193	local	local	ADJ
fbem-9859	142	194	general	general	ADJ
fbem-9859	142	195	public	public	ADJ
fbem-9859	142	196	budget	budget	NOUN
fbem-9859	142	197	revenue	revenue	NOUN
fbem-9859	142	198	/	/	SYM
fbem-9859	142	199	regional	regional	ADJ
fbem-9859	142	200	gdp	gdp	NOUN
fbem-9859	142	201	5	5	NUM
fbem-9859	142	202	.	.	PUNCT
fbem-9859	143	1	empirical	empirical	ADJ
fbem-9859	143	2	results	result	NOUN
fbem-9859	143	3	and	and	CCONJ
fbem-9859	143	4	analysis	analysis	NOUN
fbem-9859	143	5	5.1	5.1	NUM
fbem-9859	143	6	.	.	PUNCT
fbem-9859	144	1	descriptive	descriptive	ADJ
fbem-9859	144	2	statistical	statistical	ADJ
fbem-9859	144	3	results	result	NOUN
fbem-9859	144	4	of	of	ADP
fbem-9859	144	5	the	the	DET
fbem-9859	144	6	main	main	ADJ
fbem-9859	144	7	variables	variable	NOUN
fbem-9859	144	8	table	table	NOUN
fbem-9859	144	9	2	2	NUM
fbem-9859	144	10	reports	report	VERB
fbem-9859	144	11	the	the	DET
fbem-9859	144	12	results	result	NOUN
fbem-9859	144	13	of	of	ADP
fbem-9859	144	14	descriptive	descriptive	ADJ
fbem-9859	144	15	statistics	statistic	NOUN
fbem-9859	144	16	for	for	ADP
fbem-9859	144	17	the	the	DET
fbem-9859	144	18	main	main	ADJ
fbem-9859	144	19	variables	variable	NOUN
fbem-9859	144	20	.	.	PUNCT
fbem-9859	145	1	the	the	DET
fbem-9859	145	2	mean	mean	ADJ
fbem-9859	145	3	value	value	NOUN
fbem-9859	145	4	of	of	ADP
fbem-9859	145	5	corporate	corporate	ADJ
fbem-9859	145	6	green	green	ADJ
fbem-9859	145	7	patents	patent	NOUN
fbem-9859	145	8	is	be	AUX
fbem-9859	145	9	9.138	9.138	NUM
fbem-9859	145	10	and	and	CCONJ
fbem-9859	145	11	the	the	DET
fbem-9859	145	12	standard	standard	ADJ
fbem-9859	145	13	deviation	deviation	NOUN
fbem-9859	145	14	is	be	AUX
fbem-9859	145	15	51.51	51.51	NUM
fbem-9859	145	16	,	,	PUNCT
fbem-9859	145	17	showing	show	VERB
fbem-9859	145	18	that	that	SCONJ
fbem-9859	145	19	the	the	DET
fbem-9859	145	20	level	level	NOUN
fbem-9859	145	21	of	of	ADP
fbem-9859	145	22	green	green	ADJ
fbem-9859	145	23	technology	technology	NOUN
fbem-9859	145	24	innovation	innovation	NOUN
fbem-9859	145	25	varies	vary	VERB
fbem-9859	145	26	widely	widely	ADV
fbem-9859	145	27	among	among	ADP
fbem-9859	145	28	enterprises	enterprise	NOUN
fbem-9859	145	29	.	.	PUNCT
fbem-9859	146	1	the	the	DET
fbem-9859	146	2	mean	mean	ADJ
fbem-9859	146	3	value	value	NOUN
fbem-9859	146	4	of	of	ADP
fbem-9859	146	5	did	do	AUX
fbem-9859	146	6	is	be	AUX
fbem-9859	146	7	0.242	0.242	NUM
fbem-9859	146	8	,	,	PUNCT
fbem-9859	146	9	indicating	indicate	VERB
fbem-9859	146	10	that	that	SCONJ
fbem-9859	146	11	24.2	24.2	NUM
fbem-9859	146	12	%	%	NOUN
fbem-9859	146	13	of	of	ADP
fbem-9859	146	14	enterprises	enterprise	NOUN
fbem-9859	146	15	are	be	AUX
fbem-9859	146	16	included	include	VERB
fbem-9859	146	17	in	in	ADP
fbem-9859	146	18	the	the	DET
fbem-9859	146	19	carbon	carbon	NOUN
fbem-9859	146	20	trading	trading	NOUN
fbem-9859	146	21	pilot	pilot	NOUN
fbem-9859	146	22	area	area	NOUN
fbem-9859	146	23	.	.	PUNCT
fbem-9859	147	1	price	price	NOUN
fbem-9859	147	2	,	,	PUNCT
fbem-9859	147	3	day	day	NOUN
fbem-9859	147	4	,	,	PUNCT
fbem-9859	147	5	and	and	CCONJ
fbem-9859	147	6	lnscale	lnscale	NOUN
fbem-9859	147	7	all	all	PRON
fbem-9859	147	8	have	have	VERB
fbem-9859	147	9	large	large	ADJ
fbem-9859	147	10	differences	difference	NOUN
fbem-9859	147	11	between	between	ADP
fbem-9859	147	12	the	the	DET
fbem-9859	147	13	maximum	maximum	ADJ
fbem-9859	147	14	and	and	CCONJ
fbem-9859	147	15	minimum	minimum	ADJ
fbem-9859	147	16	values	value	NOUN
fbem-9859	147	17	,	,	PUNCT
fbem-9859	147	18	indicating	indicate	VERB
fbem-9859	147	19	that	that	SCONJ
fbem-9859	147	20	the	the	DET
fbem-9859	147	21	operation	operation	NOUN
fbem-9859	147	22	of	of	ADP
fbem-9859	147	23	the	the	DET
fbem-9859	147	24	carbon	carbon	NOUN
fbem-9859	147	25	market	market	NOUN
fbem-9859	147	26	varies	vary	VERB
fbem-9859	147	27	widely	widely	ADV
fbem-9859	147	28	among	among	ADP
fbem-9859	147	29	different	different	ADJ
fbem-9859	147	30	carbon	carbon	NOUN
fbem-9859	147	31	trading	trading	NOUN
fbem-9859	147	32	pilot	pilot	NOUN
fbem-9859	147	33	regions	region	NOUN
fbem-9859	147	34	.	.	PUNCT
fbem-9859	148	1	table	table	NOUN
fbem-9859	148	2	2	2	NUM
fbem-9859	148	3	.	.	PUNCT
fbem-9859	148	4	descriptive	descriptive	ADJ
fbem-9859	148	5	statistics	statistic	NOUN
fbem-9859	148	6	results	result	VERB
fbem-9859	148	7	variables	variable	VERB
fbem-9859	148	8	sample	sample	NOUN
fbem-9859	148	9	size	size	NOUN
fbem-9859	148	10	mean	mean	VERB
fbem-9859	149	1	standard	standard	ADJ
fbem-9859	149	2	deviation	deviation	NOUN
fbem-9859	149	3	min	min	NOUN
fbem-9859	149	4	max	max	PROPN
fbem-9859	149	5	did	do	VERB
fbem-9859	149	6	20100	20100	NUM
fbem-9859	149	7	0.242	0.242	NUM
fbem-9859	149	8	0.428	0.428	NUM
fbem-9859	149	9	0	0	NUM
fbem-9859	149	10	1	1	NUM
fbem-9859	149	11	green_patent	green_patent	NOUN
fbem-9859	149	12	20100	20100	NUM
fbem-9859	149	13	9.138	9.138	NUM
fbem-9859	149	14	51.51	51.51	NUM
fbem-9859	149	15	0	0	NUM
fbem-9859	149	16	1577	1577	NUM
fbem-9859	149	17	lnsize	lnsize	NOUN
fbem-9859	149	18	20100	20100	NUM
fbem-9859	149	19	22.11	22.11	NUM
fbem-9859	149	20	1.340	1.340	NUM
fbem-9859	149	21	17.64	17.64	NUM
fbem-9859	149	22	28.64	28.64	NUM
fbem-9859	149	23	lnage	lnage	NOUN
fbem-9859	149	24	20100	20100	NUM
fbem-9859	149	25	2.781	2.781	NUM
fbem-9859	149	26	0.403	0.403	NUM
fbem-9859	149	27	0.0136	0.0136	NUM
fbem-9859	149	28	4.154	4.154	NUM
fbem-9859	149	29	lntobinq	lntobinq	PROPN
fbem-9859	149	30	20100	20100	NUM
fbem-9859	149	31	0.749	0.749	NUM
fbem-9859	149	32	0.578	0.578	NUM
fbem-9859	149	33	-0.904	-0.904	PUNCT
fbem-9859	149	34	4.806	4.806	NUM
fbem-9859	149	35	lev	lev	NOUN
fbem-9859	149	36	20100	20100	NUM
fbem-9859	149	37	0.420	0.420	NUM
fbem-9859	149	38	0.205	0.205	NUM
fbem-9859	149	39	0	0	NUM
fbem-9859	149	40	0.997	0.997	NUM
fbem-9859	149	41	roa	roa	NOUN
fbem-9859	149	42	20100	20100	NUM
fbem-9859	149	43	0.0487	0.0487	NUM
fbem-9859	149	44	0.0622	0.0622	NUM
fbem-9859	149	45	-0.194	-0.194	SYM
fbem-9859	149	46	0.969	0.969	NUM
fbem-9859	149	47	cash	cash	NOUN
fbem-9859	149	48	20100	20100	NUM
fbem-9859	149	49	0.179	0.179	NUM
fbem-9859	149	50	0.133	0.133	NUM
fbem-9859	149	51	0	0	NUM
fbem-9859	149	52	0.911	0.911	NUM
fbem-9859	149	53	inv_level	inv_level	ADP
fbem-9859	149	54	20100	20100	NUM
fbem-9859	149	55	0.0549	0.0549	NUM
fbem-9859	149	56	0.0486	0.0486	NUM
fbem-9859	149	57	0	0	NUM
fbem-9859	149	58	0.504	0.504	NUM
fbem-9859	149	59	ur	ur	NOUN
fbem-9859	149	60	20100	20100	NUM
fbem-9859	149	61	0.638	0.638	NUM
fbem-9859	149	62	0.131	0.131	NUM
fbem-9859	149	63	0.219	0.219	NUM
fbem-9859	149	64	0.896	0.896	NUM
fbem-9859	149	65	fdi	fdi	NOUN
fbem-9859	149	66	20100	20100	NUM
fbem-9859	149	67	0.0230	0.0230	NUM
fbem-9859	149	68	0.0142	0.0142	NUM
fbem-9859	149	69	0.000100	0.000100	NUM
fbem-9859	149	70	0.121	0.121	NUM
fbem-9859	149	71	ind_str	ind_str	NOUN
fbem-9859	149	72	20100	20100	NUM
fbem-9859	149	73	0.419	0.419	NUM
fbem-9859	149	74	0.0836	0.0836	NUM
fbem-9859	149	75	0.160	0.160	NUM
fbem-9859	149	76	0.620	0.620	NUM
fbem-9859	149	77	rely	rely	VERB
fbem-9859	149	78	20100	20100	NUM
fbem-9859	149	79	0.112	0.112	NUM
fbem-9859	149	80	0.0320	0.0320	NUM
fbem-9859	149	81	0.0569	0.0569	NUM
fbem-9859	149	82	0.245	0.245	NUM
fbem-9859	149	83	price	price	NOUN
fbem-9859	149	84	4826	4826	NUM
fbem-9859	149	85	33.36	33.36	NUM
fbem-9859	149	86	19.63	19.63	NUM
fbem-9859	149	87	4.360	4.360	NUM
fbem-9859	149	88	91.81	91.81	NUM
fbem-9859	149	89	day	day	NOUN
fbem-9859	149	90	399	399	NUM
fbem-9859	149	91	189.8	189.8	NUM
fbem-9859	149	92	47.50	47.50	NUM
fbem-9859	149	93	87	87	NUM
fbem-9859	149	94	244	244	NUM
fbem-9859	149	95	lnprice	lnprice	NOUN
fbem-9859	149	96	4826	4826	NUM
fbem-9859	149	97	3.330	3.330	NUM
fbem-9859	149	98	0.614	0.614	NUM
fbem-9859	149	99	1.472	1.472	NUM
fbem-9859	149	100	4.520	4.520	NUM
fbem-9859	149	101	lnday	lnday	NOUN
fbem-9859	149	102	399	399	NUM
fbem-9859	149	103	5.208	5.208	NUM
fbem-9859	149	104	0.293	0.293	NUM
fbem-9859	149	105	4.466	4.466	NUM
fbem-9859	149	106	5.497	5.497	NUM
fbem-9859	149	107	lnscale	lnscale	NOUN
fbem-9859	149	108	4826	4826	NUM
fbem-9859	149	109	15.00	15.00	NUM
fbem-9859	149	110	1.983	1.983	NUM
fbem-9859	149	111	7.863	7.863	NUM
fbem-9859	149	112	17.63	17.63	NUM
fbem-9859	149	113	43	43	NUM
fbem-9859	149	114	5.2	5.2	NUM
fbem-9859	149	115	.	.	PUNCT
fbem-9859	150	1	parallel	parallel	ADJ
fbem-9859	150	2	trend	trend	NOUN
fbem-9859	150	3	test	test	NOUN
fbem-9859	150	4	and	and	CCONJ
fbem-9859	150	5	analysis	analysis	NOUN
fbem-9859	150	6	of	of	ADP
fbem-9859	150	7	policy	policy	NOUN
fbem-9859	150	8	dynamic	dynamic	ADJ
fbem-9859	150	9	effects	effect	NOUN
fbem-9859	150	10	before	before	ADP
fbem-9859	150	11	applying	apply	VERB
fbem-9859	150	12	the	the	DET
fbem-9859	150	13	multi	multi	ADJ
fbem-9859	150	14	-	-	ADJ
fbem-9859	150	15	point	point	ADJ
fbem-9859	150	16	double	double	ADJ
fbem-9859	150	17	difference	difference	NOUN
fbem-9859	150	18	model	model	NOUN
fbem-9859	150	19	,	,	PUNCT
fbem-9859	150	20	a	a	DET
fbem-9859	150	21	parallel	parallel	ADJ
fbem-9859	150	22	trend	trend	NOUN
fbem-9859	150	23	test	test	NOUN
fbem-9859	150	24	is	be	AUX
fbem-9859	150	25	required	require	VERB
fbem-9859	150	26	to	to	PART
fbem-9859	150	27	verify	verify	VERB
fbem-9859	150	28	whether	whether	SCONJ
fbem-9859	150	29	there	there	PRON
fbem-9859	150	30	are	be	VERB
fbem-9859	150	31	systematic	systematic	ADJ
fbem-9859	150	32	differences	difference	NOUN
fbem-9859	150	33	among	among	ADP
fbem-9859	150	34	firms	firm	NOUN
fbem-9859	150	35	before	before	SCONJ
fbem-9859	150	36	the	the	DET
fbem-9859	150	37	policy	policy	NOUN
fbem-9859	150	38	is	be	AUX
fbem-9859	150	39	implemented	implement	VERB
fbem-9859	150	40	,	,	PUNCT
fbem-9859	150	41	and	and	CCONJ
fbem-9859	150	42	the	the	DET
fbem-9859	150	43	double	double	ADJ
fbem-9859	150	44	difference	difference	NOUN
fbem-9859	150	45	model	model	NOUN
fbem-9859	150	46	can	can	AUX
fbem-9859	150	47	be	be	AUX
fbem-9859	150	48	used	use	VERB
fbem-9859	150	49	only	only	ADV
fbem-9859	150	50	after	after	SCONJ
fbem-9859	150	51	it	it	PRON
fbem-9859	150	52	is	be	AUX
fbem-9859	150	53	passed	pass	VERB
fbem-9859	150	54	.	.	PUNCT
fbem-9859	151	1	considering	consider	VERB
fbem-9859	151	2	that	that	SCONJ
fbem-9859	151	3	the	the	DET
fbem-9859	151	4	timing	timing	NOUN
fbem-9859	151	5	of	of	ADP
fbem-9859	151	6	the	the	DET
fbem-9859	151	7	inclusion	inclusion	NOUN
fbem-9859	151	8	of	of	ADP
fbem-9859	151	9	carbon	carbon	NOUN
fbem-9859	151	10	trading	trading	NOUN
fbem-9859	151	11	pilots	pilot	NOUN
fbem-9859	151	12	is	be	AUX
fbem-9859	151	13	not	not	PART
fbem-9859	151	14	entirely	entirely	ADV
fbem-9859	151	15	consistent	consistent	ADJ
fbem-9859	151	16	across	across	ADP
fbem-9859	151	17	firms	firm	NOUN
fbem-9859	151	18	,	,	PUNCT
fbem-9859	151	19	this	this	DET
fbem-9859	151	20	paper	paper	NOUN
fbem-9859	151	21	draws	draw	VERB
fbem-9859	151	22	on	on	ADP
fbem-9859	151	23	mcgovack	mcgovack	NOUN
fbem-9859	151	24	's	's	PART
fbem-9859	151	25	(	(	PUNCT
fbem-9859	151	26	2020	2020	NUM
fbem-9859	151	27	)	)	PUNCT
fbem-9859	151	28	research	research	NOUN
fbem-9859	151	29	framework	framework	NOUN
fbem-9859	151	30	to	to	PART
fbem-9859	151	31	test	test	VERB
fbem-9859	151	32	the	the	DET
fbem-9859	151	33	parallel	parallel	ADJ
fbem-9859	151	34	trend	trend	NOUN
fbem-9859	151	35	hypothesis	hypothesis	NOUN
fbem-9859	151	36	using	use	VERB
fbem-9859	151	37	event	event	NOUN
fbem-9859	151	38	analysis	analysis	NOUN
fbem-9859	151	39	and	and	CCONJ
fbem-9859	151	40	to	to	PART
fbem-9859	151	41	analyze	analyze	VERB
fbem-9859	151	42	the	the	DET
fbem-9859	151	43	policy	policy	NOUN
fbem-9859	151	44	dynamic	dynamic	ADJ
fbem-9859	151	45	effects	effect	NOUN
fbem-9859	151	46	.	.	PUNCT
fbem-9859	152	1	in	in	ADP
fbem-9859	152	2	this	this	DET
fbem-9859	152	3	paper	paper	NOUN
fbem-9859	152	4	,	,	PUNCT
fbem-9859	152	5	we	we	PRON
fbem-9859	152	6	take	take	VERB
fbem-9859	152	7	the	the	DET
fbem-9859	152	8	four	four	NUM
fbem-9859	152	9	years	year	NOUN
fbem-9859	152	10	before	before	ADP
fbem-9859	152	11	the	the	DET
fbem-9859	152	12	launch	launch	NOUN
fbem-9859	152	13	of	of	ADP
fbem-9859	152	14	the	the	DET
fbem-9859	152	15	carbon	carbon	NOUN
fbem-9859	152	16	trading	trading	NOUN
fbem-9859	152	17	pilot	pilot	NOUN
fbem-9859	152	18	as	as	ADP
fbem-9859	152	19	the	the	DET
fbem-9859	152	20	comparison	comparison	NOUN
fbem-9859	152	21	benchmark	benchmark	NOUN
fbem-9859	152	22	,	,	PUNCT
fbem-9859	152	23	and	and	CCONJ
fbem-9859	152	24	construct	construct	VERB
fbem-9859	152	25	the	the	DET
fbem-9859	152	26	cross	cross	ADJ
fbem-9859	152	27	-	-	ADJ
fbem-9859	152	28	product	product	ADJ
fbem-9859	152	29	terms	term	NOUN
fbem-9859	152	30	of	of	ADP
fbem-9859	152	31	the	the	DET
fbem-9859	152	32	year	year	NOUN
fbem-9859	152	33	dummy	dummy	ADJ
fbem-9859	152	34	variables	variable	NOUN
fbem-9859	152	35	and	and	CCONJ
fbem-9859	152	36	the	the	DET
fbem-9859	152	37	corresponding	corresponding	ADJ
fbem-9859	152	38	policy	policy	NOUN
fbem-9859	152	39	dummy	dummy	NOUN
fbem-9859	152	40	variables	variable	NOUN
fbem-9859	152	41	three	three	NUM
fbem-9859	152	42	years	year	NOUN
fbem-9859	152	43	before	before	ADV
fbem-9859	152	44	,	,	PUNCT
fbem-9859	152	45	at	at	ADP
fbem-9859	152	46	the	the	DET
fbem-9859	152	47	launch	launch	NOUN
fbem-9859	152	48	,	,	PUNCT
fbem-9859	152	49	and	and	CCONJ
fbem-9859	152	50	five	five	NUM
fbem-9859	152	51	years	year	NOUN
fbem-9859	152	52	after	after	ADP
fbem-9859	152	53	the	the	DET
fbem-9859	152	54	launch	launch	NOUN
fbem-9859	152	55	of	of	ADP
fbem-9859	152	56	the	the	DET
fbem-9859	152	57	carbon	carbon	NOUN
fbem-9859	152	58	trading	trading	NOUN
fbem-9859	152	59	pilot	pilot	NOUN
fbem-9859	152	60	,	,	PUNCT
fbem-9859	152	61	and	and	CCONJ
fbem-9859	152	62	the	the	DET
fbem-9859	152	63	model	model	NOUN
fbem-9859	152	64	is	be	AUX
fbem-9859	152	65	as	as	SCONJ
fbem-9859	152	66	follows	follow	VERB
fbem-9859	152	67	:	:	PUNCT
fbem-9859	153	1	it	it	PRON
fbem-9859	153	2	n	n	ADV
fbem-9859	153	3	rtitnpost	rtitnpost	VERB
fbem-9859	153	4	n	n	CCONJ
fbem-9859	153	5	npostcurrentcurrentnprenpreit	npostcurrentcurrentnprenpreit	PROPN
fbem-9859	153	6	dddpatentgreen	dddpatentgreen	PROPN
fbem-9859	153	7			ADP
fbem-9859	153	8			NOUN
fbem-9859	153	9			X
fbem-9859	153	10			X
fbem-9859	154	1			NUM
fbem-9859	154	2			NOUN
fbem-9859	154	3	3	3	NUM
fbem-9859	154	4	1	1	NUM
fbem-9859	154	5	2	2	NUM
fbem-9859	154	6	_	_	NOUN
fbem-9859	154	7	5	5	NUM
fbem-9859	154	8	1	1	NUM
fbem-9859	154	9	_	_	PUNCT
fbem-9859	154	10	_	_	PUNCT
fbem-9859	155	1	_	_	PUNCT
fbem-9859	155	2	0	0	PUNCT
fbem-9859	156	1	_	_	PRON
fbem-9859	156	2	(	(	PUNCT
fbem-9859	156	3	2	2	X
fbem-9859	156	4	)	)	PUNCT
fbem-9859	156	5	in	in	ADP
fbem-9859	156	6	equation	equation	NOUN
fbem-9859	156	7	(	(	PUNCT
fbem-9859	156	8	2	2	NUM
fbem-9859	156	9	)	)	PUNCT
fbem-9859	156	10	,	,	PUNCT
fbem-9859	156	11	npred	npre	VERB
fbem-9859	156	12	_	_	NOUN
fbem-9859	156	13	,	,	PUNCT
fbem-9859	156	14	currentd	currentd	NOUN
fbem-9859	156	15	and	and	CCONJ
fbem-9859	156	16	npostd	npostd	NOUN
fbem-9859	156	17	_	_	PRON
fbem-9859	156	18	represent	represent	VERB
fbem-9859	156	19	the	the	DET
fbem-9859	156	20	cross	cross	NOUN
fbem-9859	156	21	product	product	NOUN
fbem-9859	156	22	terms	term	NOUN
fbem-9859	156	23	of	of	ADP
fbem-9859	156	24	the	the	DET
fbem-9859	156	25	year	year	NOUN
fbem-9859	156	26	dummy	dummy	ADJ
fbem-9859	156	27	variables	variable	NOUN
fbem-9859	156	28	and	and	CCONJ
fbem-9859	156	29	the	the	DET
fbem-9859	156	30	policy	policy	NOUN
fbem-9859	156	31	dummy	dummy	NOUN
fbem-9859	156	32	variables	variable	NOUN
fbem-9859	156	33	before	before	ADV
fbem-9859	156	34	,	,	PUNCT
fbem-9859	156	35	at	at	ADP
fbem-9859	156	36	and	and	CCONJ
fbem-9859	156	37	after	after	ADP
fbem-9859	156	38	the	the	DET
fbem-9859	156	39	policy	policy	NOUN
fbem-9859	156	40	launch	launch	NOUN
fbem-9859	156	41	,	,	PUNCT
fbem-9859	156	42	respectively	respectively	ADV
fbem-9859	156	43	,	,	PUNCT
fbem-9859	156	44	npre	npre	PROPN
fbem-9859	156	45	_	_	PUNCT
fbem-9859	157	1			PROPN
fbem-9859	157	2	,	,	PUNCT
fbem-9859	157	3	current	current	NOUN
fbem-9859	157	4	and	and	CCONJ
fbem-9859	157	5	npost	npost	NOUN
fbem-9859	157	6	_	_	PUNCT
fbem-9859	158	1			NOUN
fbem-9859	158	2	represent	represent	VERB
fbem-9859	158	3	the	the	DET
fbem-9859	158	4	corresponding	corresponding	ADJ
fbem-9859	158	5	coefficients	coefficient	NOUN
fbem-9859	158	6	,	,	PUNCT
fbem-9859	158	7	and	and	CCONJ
fbem-9859	158	8	the	the	DET
fbem-9859	158	9	meanings	meaning	NOUN
fbem-9859	158	10	of	of	ADP
fbem-9859	158	11	the	the	DET
fbem-9859	158	12	other	other	ADJ
fbem-9859	158	13	symbols	symbol	NOUN
fbem-9859	158	14	are	be	AUX
fbem-9859	158	15	the	the	DET
fbem-9859	158	16	same	same	ADJ
fbem-9859	158	17	as	as	ADP
fbem-9859	158	18	in	in	ADP
fbem-9859	158	19	eq	eq	NOUN
fbem-9859	158	20	.	.	PUNCT
fbem-9859	159	1	(	(	PUNCT
fbem-9859	159	2	1	1	NUM
fbem-9859	159	3	)	)	PUNCT
fbem-9859	159	4	.	.	PUNCT
fbem-9859	160	1	table	table	NOUN
fbem-9859	160	2	3	3	NUM
fbem-9859	160	3	and	and	CCONJ
fbem-9859	160	4	figure	figure	VERB
fbem-9859	160	5	1	1	NUM
fbem-9859	160	6	report	report	VERB
fbem-9859	160	7	the	the	DET
fbem-9859	160	8	results	result	NOUN
fbem-9859	160	9	of	of	ADP
fbem-9859	160	10	the	the	DET
fbem-9859	160	11	parallel	parallel	ADJ
fbem-9859	160	12	trend	trend	NOUN
fbem-9859	160	13	test	test	NOUN
fbem-9859	160	14	.	.	PUNCT
fbem-9859	161	1	the	the	DET
fbem-9859	161	2	results	result	NOUN
fbem-9859	161	3	show	show	VERB
fbem-9859	161	4	that	that	SCONJ
fbem-9859	161	5	none	none	NOUN
fbem-9859	161	6	of	of	ADP
fbem-9859	161	7	the	the	DET
fbem-9859	161	8	coefficients	coefficient	NOUN
fbem-9859	161	9	are	be	AUX
fbem-9859	161	10	significant	significant	ADJ
fbem-9859	161	11	,	,	PUNCT
fbem-9859	161	12	i.e.	i.e.	X
fbem-9859	161	13	,	,	PUNCT
fbem-9859	161	14	there	there	PRON
fbem-9859	161	15	is	be	VERB
fbem-9859	161	16	no	no	DET
fbem-9859	161	17	systematic	systematic	ADJ
fbem-9859	161	18	difference	difference	NOUN
fbem-9859	161	19	between	between	ADP
fbem-9859	161	20	the	the	DET
fbem-9859	161	21	green	green	PROPN
fbem-9859	161	22	technology	technology	PROPN
fbem-9859	161	23	innovation	innovation	NOUN
fbem-9859	161	24	of	of	ADP
fbem-9859	161	25	firms	firm	NOUN
fbem-9859	161	26	in	in	ADP
fbem-9859	161	27	the	the	DET
fbem-9859	161	28	treatment	treatment	NOUN
fbem-9859	161	29	and	and	CCONJ
fbem-9859	161	30	control	control	NOUN
fbem-9859	161	31	groups	group	NOUN
fbem-9859	161	32	before	before	ADP
fbem-9859	161	33	the	the	DET
fbem-9859	161	34	implementation	implementation	NOUN
fbem-9859	161	35	of	of	ADP
fbem-9859	161	36	the	the	DET
fbem-9859	161	37	carbon	carbon	NOUN
fbem-9859	161	38	trading	trading	NOUN
fbem-9859	161	39	pilot	pilot	NOUN
fbem-9859	161	40	policy	policy	NOUN
fbem-9859	161	41	,	,	PUNCT
fbem-9859	161	42	and	and	CCONJ
fbem-9859	161	43	the	the	DET
fbem-9859	161	44	parallel	parallel	ADJ
fbem-9859	161	45	trend	trend	NOUN
fbem-9859	161	46	hypothesis	hypothesis	NOUN
fbem-9859	161	47	is	be	AUX
fbem-9859	161	48	satisfied	satisfied	ADJ
fbem-9859	161	49	.	.	PUNCT
fbem-9859	162	1	although	although	SCONJ
fbem-9859	162	2	current	current	NOUN
fbem-9859	162	3	,	,	PUNCT
fbem-9859	162	4	1_post	1_post	NUM
fbem-9859	162	5	and	and	CCONJ
fbem-9859	162	6	2_post	2_post	NUM
fbem-9859	162	7	are	be	AUX
fbem-9859	162	8	not	not	PART
fbem-9859	162	9	significant	significant	ADJ
fbem-9859	162	10	,	,	PUNCT
fbem-9859	162	11	they	they	PRON
fbem-9859	162	12	show	show	VERB
fbem-9859	162	13	some	some	DET
fbem-9859	162	14	increasing	increase	VERB
fbem-9859	162	15	trend	trend	NOUN
fbem-9859	162	16	and	and	CCONJ
fbem-9859	162	17	the	the	DET
fbem-9859	162	18	corresponding	corresponding	ADJ
fbem-9859	162	19	coefficients	coefficient	NOUN
fbem-9859	162	20	for	for	ADP
fbem-9859	162	21	all	all	DET
fbem-9859	162	22	three	three	NUM
fbem-9859	162	23	years	year	NOUN
fbem-9859	162	24	after	after	SCONJ
fbem-9859	162	25	the	the	DET
fbem-9859	162	26	policy	policy	NOUN
fbem-9859	162	27	initiation	initiation	NOUN
fbem-9859	162	28	are	be	AUX
fbem-9859	162	29	significant	significant	ADJ
fbem-9859	162	30	,	,	PUNCT
fbem-9859	162	31	and	and	CCONJ
fbem-9859	162	32	the	the	DET
fbem-9859	162	33	significance	significance	NOUN
fbem-9859	162	34	increases	increase	VERB
fbem-9859	162	35	year	year	NOUN
fbem-9859	162	36	by	by	ADP
fbem-9859	162	37	year	year	NOUN
fbem-9859	162	38	.	.	PUNCT
fbem-9859	163	1	these	these	PRON
fbem-9859	163	2	indicates	indicate	VERB
fbem-9859	163	3	that	that	SCONJ
fbem-9859	163	4	the	the	DET
fbem-9859	163	5	implementation	implementation	NOUN
fbem-9859	163	6	of	of	ADP
fbem-9859	163	7	carbon	carbon	NOUN
fbem-9859	163	8	emissions	emission	NOUN
fbem-9859	163	9	trading	trading	NOUN
fbem-9859	163	10	policy	policy	NOUN
fbem-9859	163	11	can	can	AUX
fbem-9859	163	12	promote	promote	VERB
fbem-9859	163	13	green	green	ADJ
fbem-9859	163	14	technology	technology	NOUN
fbem-9859	163	15	innovation	innovation	NOUN
fbem-9859	163	16	of	of	ADP
fbem-9859	163	17	enterprises	enterprise	NOUN
fbem-9859	163	18	,	,	PUNCT
fbem-9859	163	19	but	but	CCONJ
fbem-9859	163	20	this	this	DET
fbem-9859	163	21	promotion	promotion	NOUN
fbem-9859	163	22	shows	show	VERB
fbem-9859	163	23	a	a	DET
fbem-9859	163	24	lagged	lag	VERB
fbem-9859	163	25	effect	effect	NOUN
fbem-9859	163	26	,	,	PUNCT
fbem-9859	163	27	with	with	ADP
fbem-9859	163	28	the	the	DET
fbem-9859	163	29	promotion	promotion	NOUN
fbem-9859	163	30	effect	effect	NOUN
fbem-9859	163	31	only	only	ADV
fbem-9859	163	32	appearing	appear	VERB
fbem-9859	163	33	in	in	ADP
fbem-9859	163	34	the	the	DET
fbem-9859	163	35	third	third	ADJ
fbem-9859	163	36	year	year	NOUN
fbem-9859	163	37	after	after	ADP
fbem-9859	163	38	the	the	DET
fbem-9859	163	39	launch	launch	NOUN
fbem-9859	163	40	of	of	ADP
fbem-9859	163	41	the	the	DET
fbem-9859	163	42	policy	policy	NOUN
fbem-9859	163	43	and	and	CCONJ
fbem-9859	163	44	increasing	increase	VERB
fbem-9859	163	45	year	year	NOUN
fbem-9859	163	46	by	by	ADP
fbem-9859	163	47	year	year	NOUN
fbem-9859	163	48	thereafter	thereafter	ADV
fbem-9859	163	49	.	.	PUNCT
fbem-9859	164	1	therefore	therefore	ADV
fbem-9859	164	2	,	,	PUNCT
fbem-9859	164	3	it	it	PRON
fbem-9859	164	4	can	can	AUX
fbem-9859	164	5	be	be	AUX
fbem-9859	164	6	considered	consider	VERB
fbem-9859	164	7	that	that	SCONJ
fbem-9859	164	8	the	the	DET
fbem-9859	164	9	parallel	parallel	ADJ
fbem-9859	164	10	trend	trend	NOUN
fbem-9859	164	11	test	test	NOUN
fbem-9859	164	12	is	be	AUX
fbem-9859	164	13	passed	pass	VERB
fbem-9859	164	14	.	.	PUNCT
fbem-9859	164	15	table	table	NOUN
fbem-9859	165	1	3	3	NUM
fbem-9859	165	2	.	.	PUNCT
fbem-9859	165	3	parallel	parallel	ADJ
fbem-9859	165	4	trend	trend	NOUN
fbem-9859	165	5	test	test	NOUN
fbem-9859	165	6	variables	variable	VERB
fbem-9859	165	7	corporate	corporate	ADJ
fbem-9859	165	8	green	green	ADJ
fbem-9859	165	9	technology	technology	NOUN
fbem-9859	165	10	innovation	innovation	NOUN
fbem-9859	165	11	green_patent	green_patent	PROPN
fbem-9859	165	12	pre3	pre3	PROPN
fbem-9859	165	13	-1.7174	-1.7174	INTJ
fbem-9859	165	14	(	(	PUNCT
fbem-9859	165	15	2.0476	2.0476	NUM
fbem-9859	165	16	)	)	PUNCT
fbem-9859	165	17	pre2	pre2	NOUN
fbem-9859	165	18	-.4283	-.4283	PUNCT
fbem-9859	165	19	(	(	PUNCT
fbem-9859	165	20	2.7731	2.7731	NUM
fbem-9859	165	21	)	)	PUNCT
fbem-9859	165	22	pre1	pre1	PROPN
fbem-9859	165	23	-1.8192	-1.8192	NOUN
fbem-9859	165	24	(	(	PUNCT
fbem-9859	165	25	2.7022	2.7022	NUM
fbem-9859	165	26	)	)	PUNCT
fbem-9859	165	27	current	current	ADJ
fbem-9859	165	28	-2.5651	-2.5651	NOUN
fbem-9859	165	29	(	(	PUNCT
fbem-9859	165	30	2.5305	2.5305	NUM
fbem-9859	165	31	)	)	PUNCT
fbem-9859	165	32	post1	post1	NOUN
fbem-9859	165	33	.0128	.0128	NOUN
fbem-9859	165	34	(	(	PUNCT
fbem-9859	165	35	2.6389	2.6389	NUM
fbem-9859	165	36	)	)	PUNCT
fbem-9859	165	37	post2	post2	ADJ
fbem-9859	165	38	1.6272	1.6272	NUM
fbem-9859	165	39	(	(	PUNCT
fbem-9859	165	40	2.7206	2.7206	NUM
fbem-9859	165	41	)	)	PUNCT
fbem-9859	165	42	post3	post3	VERB
fbem-9859	165	43	6.2922	6.2922	NUM
fbem-9859	165	44	*	*	SYM
fbem-9859	165	45	(	(	PUNCT
fbem-9859	165	46	3.4291	3.4291	NUM
fbem-9859	165	47	)	)	PUNCT
fbem-9859	165	48	post4	post4	NOUN
fbem-9859	166	1	8.0283	8.0283	NUM
fbem-9859	166	2	*	*	NOUN
fbem-9859	166	3	*	*	PUNCT
fbem-9859	166	4	(	(	PUNCT
fbem-9859	166	5	3.5208	3.5208	NUM
fbem-9859	166	6	)	)	PUNCT
fbem-9859	166	7	post5	post5	NOUN
fbem-9859	166	8	9.5692	9.5692	NUM
fbem-9859	166	9	*	*	PUNCT
fbem-9859	166	10	*	*	PUNCT
fbem-9859	166	11	*	*	PUNCT
fbem-9859	166	12	(	(	PUNCT
fbem-9859	166	13	3.3251	3.3251	NUM
fbem-9859	166	14	)	)	PUNCT
fbem-9859	166	15	control	control	NOUN
fbem-9859	166	16	variables	variable	NOUN
fbem-9859	166	17	yes	yes	INTJ
fbem-9859	166	18	year	year	NOUN
fbem-9859	166	19	fixed	fix	VERB
fbem-9859	166	20	effect	effect	NOUN
fbem-9859	166	21	yes	yes	INTJ
fbem-9859	166	22	industry	industry	NOUN
fbem-9859	166	23	fixed	fix	VERB
fbem-9859	166	24	effect	effect	NOUN
fbem-9859	166	25	yes	yes	INTJ
fbem-9859	166	26	sample	sample	NOUN
fbem-9859	166	27	size	size	NOUN
fbem-9859	166	28	20100	20100	NUM
fbem-9859	166	29	r2	r2	NOUN
fbem-9859	166	30	0.0539	0.0539	NUM
fbem-9859	166	31	44	44	NUM
fbem-9859	166	32	figure	figure	NOUN
fbem-9859	166	33	1	1	NUM
fbem-9859	166	34	.	.	PUNCT
fbem-9859	166	35	parallel	parallel	ADJ
fbem-9859	166	36	trend	trend	NOUN
fbem-9859	166	37	test	test	NOUN
fbem-9859	166	38	5.3	5.3	NUM
fbem-9859	166	39	.	.	PUNCT
fbem-9859	167	1	baseline	baseline	PROPN
fbem-9859	167	2	regression	regression	NOUN
fbem-9859	167	3	results	result	NOUN
fbem-9859	167	4	based	base	VERB
fbem-9859	167	5	on	on	ADP
fbem-9859	167	6	the	the	DET
fbem-9859	167	7	model	model	NOUN
fbem-9859	167	8	(	(	PUNCT
fbem-9859	167	9	1	1	X
fbem-9859	167	10	)	)	PUNCT
fbem-9859	167	11	established	establish	VERB
fbem-9859	167	12	in	in	ADP
fbem-9859	167	13	the	the	DET
fbem-9859	167	14	previous	previous	ADJ
fbem-9859	167	15	section	section	NOUN
fbem-9859	167	16	,	,	PUNCT
fbem-9859	167	17	table	table	NOUN
fbem-9859	167	18	4	4	NUM
fbem-9859	167	19	presents	present	VERB
fbem-9859	167	20	the	the	DET
fbem-9859	167	21	results	result	NOUN
fbem-9859	167	22	of	of	ADP
fbem-9859	167	23	the	the	DET
fbem-9859	167	24	impact	impact	NOUN
fbem-9859	167	25	of	of	ADP
fbem-9859	167	26	carbon	carbon	NOUN
fbem-9859	167	27	trading	trading	NOUN
fbem-9859	167	28	on	on	ADP
fbem-9859	167	29	green	green	ADJ
fbem-9859	167	30	technology	technology	NOUN
fbem-9859	167	31	innovation	innovation	NOUN
fbem-9859	167	32	.	.	PUNCT
fbem-9859	168	1	all	all	DET
fbem-9859	168	2	regressions	regression	NOUN
fbem-9859	168	3	control	control	NOUN
fbem-9859	168	4	for	for	ADP
fbem-9859	168	5	year	year	NOUN
fbem-9859	168	6	fixed	fix	VERB
fbem-9859	168	7	effects	effect	NOUN
fbem-9859	168	8	,	,	PUNCT
fbem-9859	168	9	no	no	DET
fbem-9859	168	10	control	control	NOUN
fbem-9859	168	11	variables	variable	NOUN
fbem-9859	168	12	are	be	AUX
fbem-9859	168	13	added	add	VERB
fbem-9859	168	14	in	in	ADP
fbem-9859	168	15	column	column	NOUN
fbem-9859	168	16	(	(	PUNCT
fbem-9859	168	17	1	1	NUM
fbem-9859	168	18	)	)	PUNCT
fbem-9859	168	19	,	,	PUNCT
fbem-9859	168	20	control	control	NOUN
fbem-9859	168	21	variables	variable	NOUN
fbem-9859	168	22	are	be	AUX
fbem-9859	168	23	added	add	VERB
fbem-9859	168	24	in	in	ADP
fbem-9859	168	25	column	column	NOUN
fbem-9859	168	26	(	(	PUNCT
fbem-9859	168	27	2	2	NUM
fbem-9859	168	28	)	)	PUNCT
fbem-9859	168	29	,	,	PUNCT
fbem-9859	168	30	and	and	CCONJ
fbem-9859	168	31	industry	industry	NOUN
fbem-9859	168	32	fixed	fix	VERB
fbem-9859	168	33	effects	effect	NOUN
fbem-9859	168	34	are	be	AUX
fbem-9859	168	35	further	far	ADV
fbem-9859	168	36	added	add	VERB
fbem-9859	168	37	in	in	ADP
fbem-9859	168	38	column	column	NOUN
fbem-9859	168	39	(	(	PUNCT
fbem-9859	168	40	3	3	NUM
fbem-9859	168	41	)	)	PUNCT
fbem-9859	168	42	.	.	PUNCT
fbem-9859	169	1	from	from	ADP
fbem-9859	169	2	the	the	DET
fbem-9859	169	3	results	result	NOUN
fbem-9859	169	4	,	,	PUNCT
fbem-9859	169	5	it	it	PRON
fbem-9859	169	6	can	can	AUX
fbem-9859	169	7	be	be	AUX
fbem-9859	169	8	seen	see	VERB
fbem-9859	169	9	that	that	SCONJ
fbem-9859	169	10	the	the	DET
fbem-9859	169	11	did	do	AUX
fbem-9859	169	12	coefficients	coefficient	NOUN
fbem-9859	169	13	of	of	ADP
fbem-9859	169	14	all	all	DET
fbem-9859	169	15	three	three	NUM
fbem-9859	169	16	columns	column	NOUN
fbem-9859	169	17	are	be	AUX
fbem-9859	169	18	significant	significant	ADJ
fbem-9859	169	19	at	at	ADP
fbem-9859	169	20	the	the	DET
fbem-9859	169	21	1	1	NUM
fbem-9859	169	22	%	%	NOUN
fbem-9859	169	23	level	level	NOUN
fbem-9859	169	24	,	,	PUNCT
fbem-9859	169	25	indicating	indicate	VERB
fbem-9859	169	26	that	that	SCONJ
fbem-9859	169	27	there	there	PRON
fbem-9859	169	28	is	be	VERB
fbem-9859	169	29	a	a	DET
fbem-9859	169	30	significant	significant	ADJ
fbem-9859	169	31	increase	increase	NOUN
fbem-9859	169	32	in	in	ADP
fbem-9859	169	33	the	the	DET
fbem-9859	169	34	level	level	NOUN
fbem-9859	169	35	of	of	ADP
fbem-9859	169	36	green	green	ADJ
fbem-9859	169	37	technology	technology	NOUN
fbem-9859	169	38	innovation	innovation	NOUN
fbem-9859	169	39	in	in	ADP
fbem-9859	169	40	the	the	DET
fbem-9859	169	41	enterprises	enterprise	NOUN
fbem-9859	169	42	that	that	PRON
fbem-9859	169	43	have	have	AUX
fbem-9859	169	44	been	be	AUX
fbem-9859	169	45	included	include	VERB
fbem-9859	169	46	in	in	ADP
fbem-9859	169	47	the	the	DET
fbem-9859	169	48	carbon	carbon	NOUN
fbem-9859	169	49	emission	emission	NOUN
fbem-9859	169	50	trading	trading	NOUN
fbem-9859	169	51	pilot	pilot	NOUN
fbem-9859	169	52	,	,	PUNCT
fbem-9859	169	53	and	and	CCONJ
fbem-9859	169	54	hypothesis	hypothesis	NOUN
fbem-9859	169	55	1	1	NUM
fbem-9859	169	56	is	be	AUX
fbem-9859	169	57	verified	verify	VERB
fbem-9859	169	58	.	.	PUNCT
fbem-9859	170	1	the	the	DET
fbem-9859	170	2	logic	logic	NOUN
fbem-9859	170	3	can	can	AUX
fbem-9859	170	4	be	be	AUX
fbem-9859	170	5	interpreted	interpret	VERB
fbem-9859	170	6	as	as	ADP
fbem-9859	170	7	that	that	PRON
fbem-9859	170	8	,	,	PUNCT
fbem-9859	170	9	after	after	ADP
fbem-9859	170	10	the	the	DET
fbem-9859	170	11	implementation	implementation	NOUN
fbem-9859	170	12	of	of	ADP
fbem-9859	170	13	carbon	carbon	NOUN
fbem-9859	170	14	trading	trading	NOUN
fbem-9859	170	15	policy	policy	NOUN
fbem-9859	170	16	,	,	PUNCT
fbem-9859	170	17	the	the	DET
fbem-9859	170	18	internalization	internalization	NOUN
fbem-9859	170	19	of	of	ADP
fbem-9859	170	20	the	the	DET
fbem-9859	170	21	emission	emission	NOUN
fbem-9859	170	22	costs	cost	NOUN
fbem-9859	170	23	of	of	ADP
fbem-9859	170	24	enterprises	enterprise	NOUN
fbem-9859	170	25	creates	create	VERB
fbem-9859	170	26	cost	cost	NOUN
fbem-9859	170	27	pressure	pressure	NOUN
fbem-9859	170	28	,	,	PUNCT
fbem-9859	170	29	thus	thus	ADV
fbem-9859	170	30	driving	drive	VERB
fbem-9859	170	31	them	they	PRON
fbem-9859	170	32	to	to	PART
fbem-9859	170	33	invest	invest	VERB
fbem-9859	170	34	more	more	ADJ
fbem-9859	170	35	in	in	ADP
fbem-9859	170	36	green	green	ADJ
fbem-9859	170	37	technology	technology	NOUN
fbem-9859	170	38	innovation	innovation	NOUN
fbem-9859	170	39	in	in	ADP
fbem-9859	170	40	order	order	NOUN
fbem-9859	170	41	to	to	PART
fbem-9859	170	42	reduce	reduce	VERB
fbem-9859	170	43	costs	cost	NOUN
fbem-9859	170	44	and	and	CCONJ
fbem-9859	170	45	generate	generate	VERB
fbem-9859	170	46	potential	potential	ADJ
fbem-9859	170	47	benefits	benefit	NOUN
fbem-9859	170	48	.	.	PUNCT
fbem-9859	171	1	firms	firm	NOUN
fbem-9859	171	2	will	will	AUX
fbem-9859	171	3	be	be	AUX
fbem-9859	171	4	more	more	ADV
fbem-9859	171	5	willing	willing	ADJ
fbem-9859	171	6	to	to	PART
fbem-9859	171	7	engage	engage	VERB
fbem-9859	171	8	in	in	ADP
fbem-9859	171	9	green	green	ADJ
fbem-9859	171	10	technology	technology	NOUN
fbem-9859	171	11	innovation	innovation	NOUN
fbem-9859	171	12	activities	activity	NOUN
fbem-9859	171	13	driven	drive	VERB
fbem-9859	171	14	by	by	ADP
fbem-9859	171	15	profit	profit	NOUN
fbem-9859	171	16	maximization	maximization	NOUN
fbem-9859	171	17	.	.	PUNCT
fbem-9859	172	1	table	table	NOUN
fbem-9859	172	2	4	4	NUM
fbem-9859	172	3	.	.	PUNCT
fbem-9859	172	4	baseline	baseline	PROPN
fbem-9859	172	5	regression	regression	PROPN
fbem-9859	172	6	results	result	NOUN
fbem-9859	172	7	variables	variable	NOUN
fbem-9859	172	8	green_patent	green_patent	PROPN
fbem-9859	172	9	(	(	PUNCT
fbem-9859	172	10	1	1	NUM
fbem-9859	172	11	)	)	PUNCT
fbem-9859	172	12	(	(	PUNCT
fbem-9859	172	13	2	2	NUM
fbem-9859	172	14	)	)	PUNCT
fbem-9859	172	15	(	(	PUNCT
fbem-9859	172	16	3	3	X
fbem-9859	172	17	)	)	PUNCT
fbem-9859	172	18	did	do	VERB
fbem-9859	172	19	9.6339	9.6339	NUM
fbem-9859	172	20	*	*	PUNCT
fbem-9859	172	21	*	*	PUNCT
fbem-9859	172	22	*	*	PUNCT
fbem-9859	173	1	7.5372	7.5372	NUM
fbem-9859	173	2	*	*	PUNCT
fbem-9859	173	3	*	*	PUNCT
fbem-9859	173	4	*	*	PUNCT
fbem-9859	174	1	7.3961	7.3961	NUM
fbem-9859	174	2	*	*	PUNCT
fbem-9859	174	3	*	*	PUNCT
fbem-9859	174	4	*	*	PUNCT
fbem-9859	174	5	(	(	PUNCT
fbem-9859	174	6	3.2651	3.2651	NUM
fbem-9859	174	7	)	)	PUNCT
fbem-9859	174	8	(	(	PUNCT
fbem-9859	174	9	2.8123	2.8123	NUM
fbem-9859	174	10	)	)	PUNCT
fbem-9859	174	11	(	(	PUNCT
fbem-9859	174	12	2.8126	2.8126	NUM
fbem-9859	174	13	)	)	PUNCT
fbem-9859	174	14	control	control	NOUN
fbem-9859	174	15	variables	variable	NOUN
fbem-9859	175	1	no	no	INTJ
fbem-9859	176	1	yes	yes	INTJ
fbem-9859	177	1	yes	yes	INTJ
fbem-9859	177	2	year	year	NOUN
fbem-9859	177	3	fixed	fix	VERB
fbem-9859	177	4	effect	effect	NOUN
fbem-9859	178	1	yes	yes	INTJ
fbem-9859	178	2	yes	yes	INTJ
fbem-9859	179	1	yes	yes	INTJ
fbem-9859	179	2	industry	industry	NOUN
fbem-9859	179	3	fixed	fix	VERB
fbem-9859	179	4	effect	effect	NOUN
fbem-9859	180	1	no	no	INTJ
fbem-9859	180	2	no	no	INTJ
fbem-9859	180	3	yes	yes	INTJ
fbem-9859	180	4	sample	sample	NOUN
fbem-9859	180	5	size	size	NOUN
fbem-9859	180	6	20100	20100	NUM
fbem-9859	180	7	20100	20100	NUM
fbem-9859	180	8	20100	20100	NUM
fbem-9859	180	9	r2	r2	PROPN
fbem-9859	180	10	.0357	.0357	PROPN
fbem-9859	180	11	.05	.05	NUM
fbem-9859	180	12	.0522	.0522	NOUN
fbem-9859	180	13	5.4	5.4	NUM
fbem-9859	180	14	.	.	PUNCT
fbem-9859	181	1	robustness	robustness	NOUN
fbem-9859	181	2	tests	test	NOUN
fbem-9859	181	3	(	(	PUNCT
fbem-9859	181	4	1	1	X
fbem-9859	181	5	)	)	PUNCT
fbem-9859	181	6	excluding	exclude	VERB
fbem-9859	181	7	the	the	DET
fbem-9859	181	8	effects	effect	NOUN
fbem-9859	181	9	of	of	ADP
fbem-9859	181	10	special	special	ADJ
fbem-9859	181	11	samples	sample	NOUN
fbem-9859	181	12	among	among	ADP
fbem-9859	181	13	the	the	DET
fbem-9859	181	14	eight	eight	NUM
fbem-9859	181	15	carbon	carbon	NOUN
fbem-9859	181	16	trading	trading	NOUN
fbem-9859	181	17	pilot	pilot	NOUN
fbem-9859	181	18	regions	region	NOUN
fbem-9859	181	19	,	,	PUNCT
fbem-9859	181	20	chongqing	chongqing	PROPN
fbem-9859	181	21	is	be	AUX
fbem-9859	181	22	the	the	DET
fbem-9859	181	23	only	only	ADJ
fbem-9859	181	24	pilot	pilot	NOUN
fbem-9859	181	25	region	region	NOUN
fbem-9859	181	26	located	locate	VERB
fbem-9859	181	27	in	in	ADP
fbem-9859	181	28	the	the	DET
fbem-9859	181	29	west	west	NOUN
fbem-9859	181	30	.	.	PUNCT
fbem-9859	182	1	given	give	VERB
fbem-9859	182	2	that	that	SCONJ
fbem-9859	182	3	the	the	DET
fbem-9859	182	4	specificity	specificity	NOUN
fbem-9859	182	5	of	of	ADP
fbem-9859	182	6	economic	economic	ADJ
fbem-9859	182	7	development	development	NOUN
fbem-9859	182	8	in	in	ADP
fbem-9859	182	9	the	the	DET
fbem-9859	182	10	western	western	ADJ
fbem-9859	182	11	region	region	NOUN
fbem-9859	182	12	may	may	AUX
fbem-9859	182	13	affect	affect	VERB
fbem-9859	182	14	the	the	DET
fbem-9859	182	15	regression	regression	NOUN
fbem-9859	182	16	results	result	NOUN
fbem-9859	182	17	,	,	PUNCT
fbem-9859	182	18	this	this	DET
fbem-9859	182	19	paper	paper	NOUN
fbem-9859	182	20	excludes	exclude	VERB
fbem-9859	182	21	the	the	DET
fbem-9859	182	22	companies	company	NOUN
fbem-9859	182	23	located	locate	VERB
fbem-9859	182	24	in	in	ADP
fbem-9859	182	25	chongqing	chongqe	VERB
fbem-9859	182	26	to	to	PART
fbem-9859	182	27	re	re	VERB
fbem-9859	182	28	-	-	VERB
fbem-9859	182	29	run	run	VERB
fbem-9859	182	30	the	the	DET
fbem-9859	182	31	regression	regression	NOUN
fbem-9859	182	32	.	.	PUNCT
fbem-9859	183	1	fujian	fujian	PROPN
fbem-9859	183	2	province	province	PROPN
fbem-9859	183	3	was	be	AUX
fbem-9859	183	4	included	include	VERB
fbem-9859	183	5	in	in	ADP
fbem-9859	183	6	the	the	DET
fbem-9859	183	7	carbon	carbon	NOUN
fbem-9859	183	8	trading	trading	NOUN
fbem-9859	183	9	pilot	pilot	NOUN
fbem-9859	183	10	in	in	ADP
fbem-9859	183	11	2016	2016	NUM
fbem-9859	183	12	,	,	PUNCT
fbem-9859	183	13	which	which	PRON
fbem-9859	183	14	is	be	AUX
fbem-9859	183	15	later	later	ADV
fbem-9859	183	16	compared	compare	VERB
fbem-9859	183	17	to	to	ADP
fbem-9859	183	18	several	several	ADJ
fbem-9859	183	19	other	other	ADJ
fbem-9859	183	20	pilots	pilot	NOUN
fbem-9859	183	21	,	,	PUNCT
fbem-9859	183	22	and	and	CCONJ
fbem-9859	183	23	the	the	DET
fbem-9859	183	24	paper	paper	NOUN
fbem-9859	183	25	also	also	ADV
fbem-9859	183	26	excludes	exclude	VERB
fbem-9859	183	27	the	the	DET
fbem-9859	183	28	enterprises	enterprise	NOUN
fbem-9859	183	29	located	locate	VERB
fbem-9859	183	30	in	in	ADP
fbem-9859	183	31	fujian	fujian	PROPN
fbem-9859	183	32	province	province	PROPN
fbem-9859	183	33	to	to	PART
fbem-9859	183	34	re	re	VERB
fbem-9859	183	35	-	-	VERB
fbem-9859	183	36	run	run	VERB
fbem-9859	183	37	the	the	DET
fbem-9859	183	38	regression	regression	NOUN
fbem-9859	183	39	.	.	PUNCT
fbem-9859	184	1	after	after	ADP
fbem-9859	184	2	excluding	exclude	VERB
fbem-9859	184	3	the	the	DET
fbem-9859	184	4	samples	sample	NOUN
fbem-9859	184	5	from	from	ADP
fbem-9859	184	6	chongqing	chongqe	VERB
fbem-9859	184	7	and	and	CCONJ
fbem-9859	184	8	fujian	fujian	PROPN
fbem-9859	184	9	respectively	respectively	ADV
fbem-9859	184	10	,	,	PUNCT
fbem-9859	184	11	the	the	DET
fbem-9859	184	12	regression	regression	NOUN
fbem-9859	184	13	results	result	NOUN
fbem-9859	184	14	are	be	AUX
fbem-9859	184	15	shown	show	VERB
fbem-9859	184	16	in	in	ADP
fbem-9859	184	17	columns	column	NOUN
fbem-9859	184	18	(	(	PUNCT
fbem-9859	184	19	1	1	NUM
fbem-9859	184	20	)	)	PUNCT
fbem-9859	184	21	and	and	CCONJ
fbem-9859	184	22	(	(	PUNCT
fbem-9859	184	23	2	2	X
fbem-9859	184	24	)	)	PUNCT
fbem-9859	184	25	of	of	ADP
fbem-9859	184	26	table	table	NOUN
fbem-9859	184	27	5	5	NUM
fbem-9859	184	28	.	.	PUNCT
fbem-9859	184	29	did	do	AUX
fbem-9859	184	30	coefficients	coefficient	NOUN
fbem-9859	184	31	are	be	AUX
fbem-9859	184	32	still	still	ADV
fbem-9859	184	33	significantly	significantly	ADV
fbem-9859	184	34	positive	positive	ADJ
fbem-9859	184	35	at	at	ADP
fbem-9859	184	36	the	the	DET
fbem-9859	184	37	1	1	NUM
fbem-9859	184	38	%	%	NOUN
fbem-9859	184	39	level	level	NOUN
fbem-9859	184	40	,	,	PUNCT
fbem-9859	184	41	and	and	CCONJ
fbem-9859	184	42	the	the	DET
fbem-9859	184	43	coefficients	coefficient	NOUN
fbem-9859	184	44	are	be	AUX
fbem-9859	184	45	not	not	PART
fbem-9859	184	46	significantly	significantly	ADV
fbem-9859	184	47	different	different	ADJ
fbem-9859	184	48	from	from	ADP
fbem-9859	184	49	the	the	DET
fbem-9859	184	50	original	original	ADJ
fbem-9859	184	51	results	result	NOUN
fbem-9859	184	52	,	,	PUNCT
fbem-9859	184	53	indicating	indicate	VERB
fbem-9859	184	54	that	that	SCONJ
fbem-9859	184	55	the	the	DET
fbem-9859	184	56	original	original	ADJ
fbem-9859	184	57	results	result	NOUN
fbem-9859	184	58	are	be	AUX
fbem-9859	184	59	somewhat	somewhat	ADV
fbem-9859	184	60	robust	robust	ADJ
fbem-9859	184	61	.	.	PUNCT
fbem-9859	185	1	45	45	NUM
fbem-9859	185	2	table	table	NOUN
fbem-9859	185	3	5	5	NUM
fbem-9859	185	4	.	.	PUNCT
fbem-9859	186	1	robustness	robustness	NOUN
fbem-9859	186	2	test	test	NOUN
fbem-9859	186	3	results	result	NOUN
fbem-9859	186	4	excluding	exclude	VERB
fbem-9859	186	5	special	special	ADJ
fbem-9859	186	6	samples	sample	NOUN
fbem-9859	186	7	variables	variable	NOUN
fbem-9859	186	8	(	(	PUNCT
fbem-9859	186	9	1	1	NUM
fbem-9859	186	10	)	)	PUNCT
fbem-9859	186	11	(	(	PUNCT
fbem-9859	186	12	2	2	X
fbem-9859	186	13	)	)	PUNCT
fbem-9859	186	14	exclude	exclude	VERB
fbem-9859	186	15	chongqing	chongqe	VERB
fbem-9859	186	16	exclude	exclude	VERB
fbem-9859	186	17	fujian	fujian	PROPN
fbem-9859	186	18	did	do	VERB
fbem-9859	186	19	7.8498	7.8498	NUM
fbem-9859	186	20	*	*	PUNCT
fbem-9859	186	21	*	*	PUNCT
fbem-9859	186	22	*	*	PUNCT
fbem-9859	187	1	8.7163	8.7163	NUM
fbem-9859	187	2	*	*	PUNCT
fbem-9859	187	3	*	*	PUNCT
fbem-9859	187	4	*	*	PUNCT
fbem-9859	187	5	(	(	PUNCT
fbem-9859	187	6	2.9903	2.9903	NUM
fbem-9859	187	7	)	)	PUNCT
fbem-9859	187	8	(	(	PUNCT
fbem-9859	187	9	3.2617	3.2617	NUM
fbem-9859	187	10	)	)	PUNCT
fbem-9859	187	11	control	control	NOUN
fbem-9859	187	12	variables	variable	NOUN
fbem-9859	188	1	yes	yes	INTJ
fbem-9859	189	1	yes	yes	INTJ
fbem-9859	189	2	year	year	NOUN
fbem-9859	189	3	fixed	fix	VERB
fbem-9859	189	4	effect	effect	NOUN
fbem-9859	190	1	yes	yes	INTJ
fbem-9859	190	2	yes	yes	INTJ
fbem-9859	190	3	industry	industry	NOUN
fbem-9859	190	4	fixed	fix	VERB
fbem-9859	190	5	effect	effect	NOUN
fbem-9859	191	1	yes	yes	INTJ
fbem-9859	191	2	yes	yes	INTJ
fbem-9859	191	3	sample	sample	NOUN
fbem-9859	191	4	size	size	NOUN
fbem-9859	191	5	19840	19840	NUM
fbem-9859	191	6	19598	19598	NUM
fbem-9859	191	7	r2	r2	PROPN
fbem-9859	191	8	.0524	.0524	PROPN
fbem-9859	191	9	.053	.053	NUM
fbem-9859	191	10	(	(	PUNCT
fbem-9859	191	11	1	1	X
fbem-9859	191	12	)	)	PUNCT
fbem-9859	191	13	sample	sample	NOUN
fbem-9859	191	14	subinterval	subinterval	NOUN
fbem-9859	191	15	model	model	NOUN
fbem-9859	191	16	estimation	estimation	NOUN
fbem-9859	191	17	considering	consider	VERB
fbem-9859	191	18	that	that	SCONJ
fbem-9859	191	19	the	the	DET
fbem-9859	191	20	global	global	ADJ
fbem-9859	191	21	financial	financial	ADJ
fbem-9859	191	22	crisis	crisis	NOUN
fbem-9859	191	23	in	in	ADP
fbem-9859	191	24	2008	2008	NUM
fbem-9859	191	25	and	and	CCONJ
fbem-9859	191	26	the	the	DET
fbem-9859	191	27	outbreak	outbreak	NOUN
fbem-9859	191	28	of	of	ADP
fbem-9859	191	29	the	the	DET
fbem-9859	191	30	new	new	ADJ
fbem-9859	191	31	crown	crown	NOUN
fbem-9859	191	32	pneumonia	pneumonia	NOUN
fbem-9859	191	33	epidemic	epidemic	NOUN
fbem-9859	191	34	in	in	ADP
fbem-9859	191	35	2020	2020	NUM
fbem-9859	191	36	may	may	AUX
fbem-9859	191	37	have	have	VERB
fbem-9859	191	38	an	an	DET
fbem-9859	191	39	impact	impact	NOUN
fbem-9859	191	40	on	on	ADP
fbem-9859	191	41	the	the	DET
fbem-9859	191	42	level	level	NOUN
fbem-9859	191	43	of	of	ADP
fbem-9859	191	44	green	green	ADJ
fbem-9859	191	45	technology	technology	NOUN
fbem-9859	191	46	innovation	innovation	NOUN
fbem-9859	191	47	of	of	ADP
fbem-9859	191	48	enterprises	enterprise	NOUN
fbem-9859	191	49	,	,	PUNCT
fbem-9859	191	50	this	this	DET
fbem-9859	191	51	paper	paper	NOUN
fbem-9859	191	52	excludes	exclude	VERB
fbem-9859	191	53	the	the	DET
fbem-9859	191	54	sample	sample	NOUN
fbem-9859	191	55	data	datum	NOUN
fbem-9859	191	56	of	of	ADP
fbem-9859	191	57	2008	2008	NUM
fbem-9859	191	58	,	,	PUNCT
fbem-9859	191	59	2009	2009	NUM
fbem-9859	191	60	and	and	CCONJ
fbem-9859	191	61	the	the	DET
fbem-9859	191	62	epidemic	epidemic	NOUN
fbem-9859	191	63	in	in	ADP
fbem-9859	191	64	2020	2020	NUM
fbem-9859	191	65	and	and	CCONJ
fbem-9859	191	66	2021	2021	NUM
fbem-9859	191	67	and	and	CCONJ
fbem-9859	191	68	re	re	VERB
fbem-9859	191	69	-	-	VERB
fbem-9859	191	70	regresses	regress	VERB
fbem-9859	191	71	them	they	PRON
fbem-9859	191	72	.	.	PUNCT
fbem-9859	192	1	the	the	DET
fbem-9859	192	2	results	result	NOUN
fbem-9859	192	3	reported	report	VERB
fbem-9859	192	4	in	in	ADP
fbem-9859	192	5	column	column	NOUN
fbem-9859	192	6	(	(	PUNCT
fbem-9859	192	7	1	1	NUM
fbem-9859	192	8	)	)	PUNCT
fbem-9859	192	9	of	of	ADP
fbem-9859	192	10	table	table	NOUN
fbem-9859	192	11	6	6	NUM
fbem-9859	192	12	shows	show	VERB
fbem-9859	192	13	that	that	SCONJ
fbem-9859	192	14	the	the	DET
fbem-9859	192	15	significance	significance	NOUN
fbem-9859	192	16	level	level	NOUN
fbem-9859	192	17	of	of	ADP
fbem-9859	192	18	the	the	DET
fbem-9859	192	19	did	did	ADJ
fbem-9859	192	20	coefficient	coefficient	NOUN
fbem-9859	192	21	is	be	AUX
fbem-9859	192	22	5	5	NUM
fbem-9859	192	23	%	%	NOUN
fbem-9859	192	24	,	,	PUNCT
fbem-9859	192	25	and	and	CCONJ
fbem-9859	192	26	although	although	SCONJ
fbem-9859	192	27	the	the	DET
fbem-9859	192	28	significance	significance	NOUN
fbem-9859	192	29	decreases	decrease	VERB
fbem-9859	192	30	,	,	PUNCT
fbem-9859	192	31	the	the	DET
fbem-9859	192	32	coefficient	coefficient	NOUN
fbem-9859	192	33	is	be	AUX
fbem-9859	192	34	still	still	ADV
fbem-9859	192	35	positive	positive	ADJ
fbem-9859	192	36	,	,	PUNCT
fbem-9859	192	37	indicating	indicate	VERB
fbem-9859	192	38	the	the	DET
fbem-9859	192	39	robustness	robustness	NOUN
fbem-9859	192	40	of	of	ADP
fbem-9859	192	41	the	the	DET
fbem-9859	192	42	original	original	ADJ
fbem-9859	192	43	results	result	NOUN
fbem-9859	192	44	.	.	PUNCT
fbem-9859	193	1	(	(	PUNCT
fbem-9859	193	2	3	3	X
fbem-9859	193	3	)	)	PUNCT
fbem-9859	193	4	alternative	alternative	ADJ
fbem-9859	193	5	explanatory	explanatory	ADJ
fbem-9859	193	6	variables	variable	NOUN
fbem-9859	193	7	model	model	NOUN
fbem-9859	193	8	estimation	estimation	NOUN
fbem-9859	193	9	considering	consider	VERB
fbem-9859	193	10	that	that	SCONJ
fbem-9859	193	11	the	the	DET
fbem-9859	193	12	number	number	NOUN
fbem-9859	193	13	of	of	ADP
fbem-9859	193	14	green	green	PROPN
fbem-9859	193	15	patent	patent	NOUN
fbem-9859	193	16	applications	application	NOUN
fbem-9859	193	17	may	may	AUX
fbem-9859	193	18	not	not	PART
fbem-9859	193	19	represent	represent	VERB
fbem-9859	193	20	the	the	DET
fbem-9859	193	21	real	real	ADJ
fbem-9859	193	22	green	green	ADJ
fbem-9859	193	23	innovation	innovation	NOUN
fbem-9859	193	24	level	level	NOUN
fbem-9859	193	25	of	of	ADP
fbem-9859	193	26	enterprises	enterprise	NOUN
fbem-9859	193	27	,	,	PUNCT
fbem-9859	193	28	this	this	DET
fbem-9859	193	29	paper	paper	NOUN
fbem-9859	193	30	uses	use	VERB
fbem-9859	193	31	the	the	DET
fbem-9859	193	32	sum	sum	NOUN
fbem-9859	193	33	of	of	ADP
fbem-9859	193	34	green	green	ADJ
fbem-9859	193	35	technology	technology	NOUN
fbem-9859	193	36	invention	invention	NOUN
fbem-9859	193	37	patents	patent	NOUN
fbem-9859	193	38	and	and	CCONJ
fbem-9859	193	39	green	green	ADJ
fbem-9859	193	40	utility	utility	NOUN
fbem-9859	193	41	model	model	NOUN
fbem-9859	193	42	patents	patent	NOUN
fbem-9859	193	43	granted	grant	VERB
fbem-9859	193	44	to	to	PART
fbem-9859	193	45	replace	replace	VERB
fbem-9859	193	46	the	the	DET
fbem-9859	193	47	original	original	ADJ
fbem-9859	193	48	explanatory	explanatory	ADJ
fbem-9859	193	49	variables	variable	NOUN
fbem-9859	193	50	for	for	ADP
fbem-9859	193	51	robustness	robustness	NOUN
fbem-9859	193	52	testing	testing	NOUN
fbem-9859	193	53	,	,	PUNCT
fbem-9859	193	54	and	and	CCONJ
fbem-9859	193	55	the	the	DET
fbem-9859	193	56	results	result	NOUN
fbem-9859	193	57	are	be	AUX
fbem-9859	193	58	shown	show	VERB
fbem-9859	193	59	in	in	ADP
fbem-9859	193	60	column	column	NOUN
fbem-9859	193	61	(	(	PUNCT
fbem-9859	193	62	2	2	NUM
fbem-9859	193	63	)	)	PUNCT
fbem-9859	193	64	of	of	ADP
fbem-9859	193	65	table	table	NOUN
fbem-9859	193	66	6	6	NUM
fbem-9859	193	67	,	,	PUNCT
fbem-9859	193	68	and	and	CCONJ
fbem-9859	193	69	the	the	DET
fbem-9859	193	70	did	did	ADJ
fbem-9859	193	71	coefficient	coefficient	NOUN
fbem-9859	193	72	is	be	AUX
fbem-9859	193	73	significantly	significantly	ADV
fbem-9859	193	74	positive	positive	ADJ
fbem-9859	193	75	at	at	ADP
fbem-9859	193	76	the	the	DET
fbem-9859	193	77	5	5	NUM
fbem-9859	193	78	%	%	NOUN
fbem-9859	193	79	level	level	NOUN
fbem-9859	193	80	,	,	PUNCT
fbem-9859	193	81	which	which	PRON
fbem-9859	193	82	is	be	AUX
fbem-9859	193	83	consistent	consistent	ADJ
fbem-9859	193	84	with	with	ADP
fbem-9859	193	85	the	the	DET
fbem-9859	193	86	original	original	ADJ
fbem-9859	193	87	findings	finding	NOUN
fbem-9859	193	88	.	.	PUNCT
fbem-9859	194	1	(	(	PUNCT
fbem-9859	194	2	4	4	X
fbem-9859	194	3	)	)	PUNCT
fbem-9859	194	4	change	change	NOUN
fbem-9859	194	5	time	time	NOUN
fbem-9859	194	6	series	series	PROPN
fbem-9859	194	7	considering	consider	VERB
fbem-9859	194	8	that	that	SCONJ
fbem-9859	194	9	the	the	DET
fbem-9859	194	10	formation	formation	NOUN
fbem-9859	194	11	of	of	ADP
fbem-9859	194	12	green	green	ADJ
fbem-9859	194	13	patents	patent	NOUN
fbem-9859	194	14	takes	take	VERB
fbem-9859	194	15	some	some	DET
fbem-9859	194	16	time	time	NOUN
fbem-9859	194	17	,	,	PUNCT
fbem-9859	194	18	the	the	DET
fbem-9859	194	19	regression	regression	NOUN
fbem-9859	194	20	is	be	AUX
fbem-9859	194	21	re	re	VERB
fbem-9859	194	22	-	-	VERB
fbem-9859	194	23	run	run	VERB
fbem-9859	194	24	here	here	ADV
fbem-9859	194	25	by	by	ADP
fbem-9859	194	26	considering	consider	VERB
fbem-9859	194	27	the	the	DET
fbem-9859	194	28	impact	impact	NOUN
fbem-9859	194	29	of	of	ADP
fbem-9859	194	30	enterprises	enterprise	NOUN
fbem-9859	194	31	included	include	VERB
fbem-9859	194	32	in	in	ADP
fbem-9859	194	33	carbon	carbon	NOUN
fbem-9859	194	34	emissions	emission	NOUN
fbem-9859	194	35	trading	trading	NOUN
fbem-9859	194	36	in	in	ADP
fbem-9859	194	37	the	the	DET
fbem-9859	194	38	current	current	ADJ
fbem-9859	194	39	period	period	NOUN
fbem-9859	194	40	on	on	ADP
fbem-9859	194	41	green	green	ADJ
fbem-9859	194	42	technology	technology	NOUN
fbem-9859	194	43	innovation	innovation	NOUN
fbem-9859	194	44	in	in	ADP
fbem-9859	194	45	the	the	DET
fbem-9859	194	46	next	next	ADJ
fbem-9859	194	47	period	period	NOUN
fbem-9859	194	48	.	.	PUNCT
fbem-9859	195	1	the	the	DET
fbem-9859	195	2	results	result	NOUN
fbem-9859	195	3	reported	report	VERB
fbem-9859	195	4	in	in	ADP
fbem-9859	195	5	column	column	NOUN
fbem-9859	195	6	(	(	PUNCT
fbem-9859	195	7	3	3	NUM
fbem-9859	195	8	)	)	PUNCT
fbem-9859	195	9	of	of	ADP
fbem-9859	195	10	table	table	NOUN
fbem-9859	195	11	6	6	NUM
fbem-9859	195	12	show	show	NOUN
fbem-9859	195	13	that	that	SCONJ
fbem-9859	195	14	the	the	DET
fbem-9859	195	15	regression	regression	NOUN
fbem-9859	195	16	results	result	NOUN
fbem-9859	195	17	are	be	AUX
fbem-9859	195	18	still	still	ADV
fbem-9859	195	19	significantly	significantly	ADV
fbem-9859	195	20	positive	positive	ADJ
fbem-9859	195	21	at	at	ADP
fbem-9859	195	22	the	the	DET
fbem-9859	195	23	5	5	NUM
fbem-9859	195	24	%	%	NOUN
fbem-9859	195	25	level	level	NOUN
fbem-9859	195	26	,	,	PUNCT
fbem-9859	195	27	which	which	PRON
fbem-9859	195	28	is	be	AUX
fbem-9859	195	29	consistent	consistent	ADJ
fbem-9859	195	30	with	with	ADP
fbem-9859	195	31	the	the	DET
fbem-9859	195	32	original	original	ADJ
fbem-9859	195	33	findings	finding	NOUN
fbem-9859	195	34	.	.	PUNCT
fbem-9859	196	1	table	table	NOUN
fbem-9859	196	2	6	6	NUM
fbem-9859	196	3	.	.	PUNCT
fbem-9859	197	1	results	result	NOUN
fbem-9859	197	2	of	of	ADP
fbem-9859	197	3	the	the	DET
fbem-9859	197	4	remaining	remain	VERB
fbem-9859	197	5	robustness	robustness	NOUN
fbem-9859	197	6	tests	test	NOUN
fbem-9859	197	7	variables	variable	NOUN
fbem-9859	197	8	(	(	PUNCT
fbem-9859	197	9	1	1	NUM
fbem-9859	197	10	)	)	PUNCT
fbem-9859	197	11	(	(	PUNCT
fbem-9859	197	12	2	2	NUM
fbem-9859	197	13	)	)	PUNCT
fbem-9859	197	14	(	(	PUNCT
fbem-9859	197	15	3	3	X
fbem-9859	197	16	)	)	PUNCT
fbem-9859	197	17	sample	sample	NOUN
fbem-9859	197	18	subinterval	subinterval	NOUN
fbem-9859	197	19	model	model	NOUN
fbem-9859	197	20	estimation	estimation	NOUN
fbem-9859	197	21	alternative	alternative	ADJ
fbem-9859	197	22	explanatory	explanatory	ADJ
fbem-9859	197	23	variables	variable	NOUN
fbem-9859	197	24	change	change	VERB
fbem-9859	197	25	time	time	NOUN
fbem-9859	197	26	series	series	PROPN
fbem-9859	197	27	did	do	VERB
fbem-9859	197	28	5.0747	5.0747	NUM
fbem-9859	197	29	*	*	PUNCT
fbem-9859	197	30	*	*	PUNCT
fbem-9859	198	1	5.5462	5.5462	NUM
fbem-9859	198	2	*	*	PUNCT
fbem-9859	198	3	*	*	PUNCT
fbem-9859	199	1	7.8457	7.8457	NUM
fbem-9859	199	2	*	*	NOUN
fbem-9859	199	3	*	*	PUNCT
fbem-9859	199	4	(	(	PUNCT
fbem-9859	199	5	2.1724	2.1724	NUM
fbem-9859	199	6	)	)	PUNCT
fbem-9859	199	7	(	(	PUNCT
fbem-9859	199	8	2.2275	2.2275	NUM
fbem-9859	199	9	)	)	PUNCT
fbem-9859	199	10	(	(	PUNCT
fbem-9859	199	11	3.5248	3.5248	NUM
fbem-9859	199	12	)	)	PUNCT
fbem-9859	199	13	control	control	NOUN
fbem-9859	199	14	variables	variable	NOUN
fbem-9859	200	1	yes	yes	INTJ
fbem-9859	201	1	yes	yes	INTJ
fbem-9859	202	1	yes	yes	INTJ
fbem-9859	202	2	year	year	NOUN
fbem-9859	202	3	fixed	fix	VERB
fbem-9859	202	4	effect	effect	NOUN
fbem-9859	203	1	yes	yes	INTJ
fbem-9859	203	2	yes	yes	INTJ
fbem-9859	204	1	yes	yes	INTJ
fbem-9859	204	2	industry	industry	NOUN
fbem-9859	204	3	fixed	fix	VERB
fbem-9859	204	4	effect	effect	NOUN
fbem-9859	205	1	yes	yes	INTJ
fbem-9859	205	2	yes	yes	INTJ
fbem-9859	206	1	yes	yes	INTJ
fbem-9859	206	2	sample	sample	NOUN
fbem-9859	206	3	size	size	NOUN
fbem-9859	206	4	14262	14262	NUM
fbem-9859	206	5	20100	20100	NUM
fbem-9859	206	6	17134	17134	NUM
fbem-9859	206	7	r2	r2	PROPN
fbem-9859	206	8	.0597	.0597	PROPN
fbem-9859	207	1	.062	.062	NUM
fbem-9859	207	2	.0602	.0602	PROPN
fbem-9859	207	3	5.5	5.5	NUM
fbem-9859	207	4	.	.	PUNCT
fbem-9859	208	1	analysis	analysis	NOUN
fbem-9859	208	2	of	of	ADP
fbem-9859	208	3	moderating	moderate	VERB
fbem-9859	208	4	effects	effect	NOUN
fbem-9859	208	5	according	accord	VERB
fbem-9859	208	6	to	to	ADP
fbem-9859	208	7	the	the	DET
fbem-9859	208	8	previous	previous	ADJ
fbem-9859	208	9	paper	paper	NOUN
fbem-9859	208	10	,	,	PUNCT
fbem-9859	208	11	the	the	DET
fbem-9859	208	12	operation	operation	NOUN
fbem-9859	208	13	of	of	ADP
fbem-9859	208	14	the	the	DET
fbem-9859	208	15	carbon	carbon	NOUN
fbem-9859	208	16	market	market	NOUN
fbem-9859	208	17	will	will	AUX
fbem-9859	208	18	have	have	VERB
fbem-9859	208	19	an	an	DET
fbem-9859	208	20	impact	impact	NOUN
fbem-9859	208	21	on	on	ADP
fbem-9859	208	22	the	the	DET
fbem-9859	208	23	green	green	PROPN
fbem-9859	208	24	technology	technology	PROPN
fbem-9859	208	25	innovation	innovation	NOUN
fbem-9859	208	26	of	of	ADP
fbem-9859	208	27	enterprises	enterprise	NOUN
fbem-9859	208	28	.	.	PUNCT
fbem-9859	209	1	this	this	DET
fbem-9859	209	2	paper	paper	NOUN
fbem-9859	209	3	introduces	introduce	VERB
fbem-9859	209	4	carbon	carbon	NOUN
fbem-9859	209	5	price	price	NOUN
fbem-9859	209	6	,	,	PUNCT
fbem-9859	209	7	carbon	carbon	NOUN
fbem-9859	209	8	market	market	NOUN
fbem-9859	209	9	liquidity	liquidity	NOUN
fbem-9859	209	10	,	,	PUNCT
fbem-9859	209	11	and	and	CCONJ
fbem-9859	209	12	carbon	carbon	NOUN
fbem-9859	209	13	trading	trading	NOUN
fbem-9859	209	14	scale	scale	NOUN
fbem-9859	209	15	as	as	ADP
fbem-9859	209	16	indicators	indicator	NOUN
fbem-9859	209	17	to	to	PART
fbem-9859	209	18	measure	measure	VERB
fbem-9859	209	19	the	the	DET
fbem-9859	209	20	operation	operation	NOUN
fbem-9859	209	21	of	of	ADP
fbem-9859	209	22	carbon	carbon	NOUN
fbem-9859	209	23	market	market	NOUN
fbem-9859	209	24	,	,	PUNCT
fbem-9859	209	25	and	and	CCONJ
fbem-9859	209	26	constructs	construct	VERB
fbem-9859	209	27	a	a	DET
fbem-9859	209	28	moderating	moderate	VERB
fbem-9859	209	29	effect	effect	NOUN
fbem-9859	209	30	model	model	NOUN
fbem-9859	209	31	to	to	PART
fbem-9859	209	32	further	far	ADV
fbem-9859	209	33	analyze	analyze	VERB
fbem-9859	209	34	the	the	DET
fbem-9859	209	35	impact	impact	NOUN
fbem-9859	209	36	of	of	ADP
fbem-9859	209	37	carbon	carbon	NOUN
fbem-9859	209	38	market	market	NOUN
fbem-9859	209	39	operation	operation	NOUN
fbem-9859	209	40	on	on	ADP
fbem-9859	209	41	enterprises	enterprise	NOUN
fbem-9859	209	42	'	'	PART
fbem-9859	209	43	green	green	ADJ
fbem-9859	209	44	technology	technology	NOUN
fbem-9859	209	45	innovation	innovation	NOUN
fbem-9859	209	46	,	,	PUNCT
fbem-9859	209	47	as	as	SCONJ
fbem-9859	209	48	follows	follow	VERB
fbem-9859	209	49	:	:	PUNCT
fbem-9859	209	50	itrtititititit	itrtititititit	NOUN
fbem-9859	209	51	markdiddidpatentgreen	markdiddidpatentgreen	PROPN
fbem-9859	209	52			PROPN
fbem-9859	209	53			VERB
fbem-9859	209	54	210	210	NUM
fbem-9859	209	55	_	_	NOUN
fbem-9859	209	56	(	(	PUNCT
fbem-9859	209	57	3	3	X
fbem-9859	209	58	)	)	PUNCT
fbem-9859	209	59	in	in	ADP
fbem-9859	209	60	equation	equation	NOUN
fbem-9859	209	61	(	(	PUNCT
fbem-9859	209	62	3	3	NUM
fbem-9859	209	63	)	)	PUNCT
fbem-9859	209	64	,	,	PUNCT
fbem-9859	209	65	itmark	itmark	PROPN
fbem-9859	209	66	is	be	AUX
fbem-9859	209	67	a	a	DET
fbem-9859	209	68	measure	measure	NOUN
fbem-9859	209	69	of	of	ADP
fbem-9859	209	70	market	market	NOUN
fbem-9859	209	71	mechanism	mechanism	NOUN
fbem-9859	209	72	,	,	PUNCT
fbem-9859	209	73	representing	represent	VERB
fbem-9859	209	74	carbon	carbon	NOUN
fbem-9859	209	75	price	price	NOUN
fbem-9859	209	76	,	,	PUNCT
fbem-9859	209	77	carbon	carbon	NOUN
fbem-9859	209	78	market	market	NOUN
fbem-9859	209	79	liquidity	liquidity	NOUN
fbem-9859	209	80	,	,	PUNCT
fbem-9859	209	81	and	and	CCONJ
fbem-9859	209	82	carbon	carbon	NOUN
fbem-9859	209	83	trading	trading	NOUN
fbem-9859	209	84	scale	scale	NOUN
fbem-9859	209	85	,	,	PUNCT
fbem-9859	209	86	respectively	respectively	ADV
fbem-9859	209	87	,	,	PUNCT
fbem-9859	209	88	and	and	CCONJ
fbem-9859	209	89	other	other	ADJ
fbem-9859	209	90	symbols	symbol	NOUN
fbem-9859	209	91	have	have	VERB
fbem-9859	209	92	the	the	DET
fbem-9859	209	93	same	same	ADJ
fbem-9859	209	94	meaning	meaning	NOUN
fbem-9859	209	95	as	as	ADP
fbem-9859	209	96	model	model	NOUN
fbem-9859	209	97	(	(	PUNCT
fbem-9859	209	98	1	1	NUM
fbem-9859	209	99	)	)	PUNCT
fbem-9859	209	100	.	.	PUNCT
fbem-9859	210	1	the	the	DET
fbem-9859	210	2	results	result	NOUN
fbem-9859	210	3	of	of	ADP
fbem-9859	210	4	the	the	DET
fbem-9859	210	5	moderating	moderate	VERB
fbem-9859	210	6	effect	effect	NOUN
fbem-9859	210	7	are	be	AUX
fbem-9859	210	8	reported	report	VERB
fbem-9859	210	9	in	in	ADP
fbem-9859	210	10	table	table	NOUN
fbem-9859	210	11	7	7	NUM
fbem-9859	210	12	.	.	PUNCT
fbem-9859	210	13	when	when	SCONJ
fbem-9859	210	14	the	the	DET
fbem-9859	210	15	carbon	carbon	NOUN
fbem-9859	210	16	market	market	NOUN
fbem-9859	210	17	mechanism	mechanism	NOUN
fbem-9859	210	18	is	be	AUX
fbem-9859	210	19	measured	measure	VERB
fbem-9859	210	20	by	by	ADP
fbem-9859	210	21	the	the	DET
fbem-9859	210	22	carbon	carbon	NOUN
fbem-9859	210	23	price	price	NOUN
fbem-9859	210	24	,	,	PUNCT
fbem-9859	210	25	the	the	DET
fbem-9859	210	26	coefficient	coefficient	NOUN
fbem-9859	210	27			PROPN
fbem-9859	210	28	of	of	ADP
fbem-9859	210	29	the	the	DET
fbem-9859	210	30	carbon	carbon	NOUN
fbem-9859	210	31	price	price	NOUN
fbem-9859	210	32	and	and	CCONJ
fbem-9859	210	33	the	the	DET
fbem-9859	210	34	cross	cross	NOUN
fbem-9859	210	35	did	do	VERB
fbem-9859	210	36	multiplier	multipli	ADJ
fbem-9859	210	37	term	term	NOUN
fbem-9859	210	38	is	be	AUX
fbem-9859	210	39	significantly	significantly	ADV
fbem-9859	210	40	positive	positive	ADJ
fbem-9859	210	41	at	at	ADP
fbem-9859	210	42	the	the	DET
fbem-9859	210	43	10	10	NUM
fbem-9859	210	44	%	%	NOUN
fbem-9859	210	45	level	level	NOUN
fbem-9859	210	46	,	,	PUNCT
fbem-9859	210	47	indicating	indicate	VERB
fbem-9859	210	48	that	that	SCONJ
fbem-9859	210	49	the	the	DET
fbem-9859	210	50	carbon	carbon	NOUN
fbem-9859	210	51	price	price	NOUN
fbem-9859	210	52	promotes	promote	VERB
fbem-9859	210	53	the	the	DET
fbem-9859	210	54	green	green	PROPN
fbem-9859	210	55	technology	technology	PROPN
fbem-9859	210	56	innovation	innovation	NOUN
fbem-9859	210	57	of	of	ADP
fbem-9859	210	58	enterprises	enterprise	NOUN
fbem-9859	210	59	,	,	PUNCT
fbem-9859	210	60	and	and	CCONJ
fbem-9859	210	61	the	the	PRON
fbem-9859	210	62	higher	high	ADJ
fbem-9859	210	63	the	the	DET
fbem-9859	210	64	carbon	carbon	NOUN
fbem-9859	210	65	price	price	NOUN
fbem-9859	210	66	,	,	PUNCT
fbem-9859	210	67	the	the	PRON
fbem-9859	210	68	higher	high	ADJ
fbem-9859	210	69	the	the	DET
fbem-9859	210	70	level	level	NOUN
fbem-9859	210	71	of	of	ADP
fbem-9859	210	72	green	green	ADJ
fbem-9859	210	73	technology	technology	NOUN
fbem-9859	210	74	innovation	innovation	NOUN
fbem-9859	210	75	of	of	ADP
fbem-9859	210	76	enterprises	enterprise	NOUN
fbem-9859	210	77	.	.	PUNCT
fbem-9859	211	1	at	at	ADP
fbem-9859	211	2	this	this	DET
fbem-9859	211	3	point	point	NOUN
fbem-9859	211	4	,	,	PUNCT
fbem-9859	211	5	considering	consider	VERB
fbem-9859	211	6	the	the	DET
fbem-9859	211	7	influence	influence	NOUN
fbem-9859	211	8	of	of	ADP
fbem-9859	211	9	the	the	DET
fbem-9859	211	10	main	main	ADJ
fbem-9859	211	11	explanatory	explanatory	ADJ
fbem-9859	211	12	variable	variable	NOUN
fbem-9859	211	13	did	do	VERB
fbem-9859	211	14	on	on	ADP
fbem-9859	211	15	enterprises	enterprise	NOUN
fbem-9859	211	16	'	'	PART
fbem-9859	211	17	green	green	ADJ
fbem-9859	211	18	technology	technology	NOUN
fbem-9859	211	19	innovation	innovation	NOUN
fbem-9859	211	20	,	,	PUNCT
fbem-9859	211	21	we	we	PRON
fbem-9859	211	22	can	can	AUX
fbem-9859	211	23	get	get	VERB
fbem-9859	211	24	pricedidpatentgreen	pricedidpatentgreen	NOUN
fbem-9859	212	1	ln/	ln/	NOUN
fbem-9859	213	1	_	_	NOUN
fbem-9859	213	2	1	1	NUM
fbem-9859	213	3			PROPN
fbem-9859	213	4			VERB
fbem-9859	213	5	from	from	ADP
fbem-9859	213	6	model	model	NOUN
fbem-9859	213	7	(	(	PUNCT
fbem-9859	213	8	2	2	NUM
fbem-9859	213	9	)	)	PUNCT
fbem-9859	213	10	,	,	PUNCT
fbem-9859	213	11	and	and	CCONJ
fbem-9859	213	12	the	the	DET
fbem-9859	213	13	values	value	NOUN
fbem-9859	213	14	of	of	ADP
fbem-9859	213	15	lnprice	lnprice	NOUN
fbem-9859	213	16	all	all	ADV
fbem-9859	213	17	greater	great	ADJ
fbem-9859	213	18	than	than	ADP
fbem-9859	213	19	1.472	1.472	NUM
fbem-9859	213	20	,	,	PUNCT
fbem-9859	213	21	so	so	CCONJ
fbem-9859	213	22	the	the	DET
fbem-9859	213	23	influence	influence	NOUN
fbem-9859	213	24	of	of	ADP
fbem-9859	213	25	on	on	ADP
fbem-9859	213	26	enterprises	enterprise	NOUN
fbem-9859	213	27	'	'	PART
fbem-9859	213	28	green	green	ADJ
fbem-9859	213	29	technology	technology	NOUN
fbem-9859	213	30	innovation	innovation	NOUN
fbem-9859	213	31	is	be	AUX
fbem-9859	213	32	positive	positive	ADJ
fbem-9859	213	33	,	,	PUNCT
fbem-9859	213	34	which	which	PRON
fbem-9859	213	35	is	be	AUX
fbem-9859	213	36	consistent	consistent	ADJ
fbem-9859	213	37	with	with	ADP
fbem-9859	213	38	the	the	DET
fbem-9859	213	39	results	result	NOUN
fbem-9859	213	40	of	of	ADP
fbem-9859	213	41	the	the	DET
fbem-9859	213	42	previous	previous	ADJ
fbem-9859	213	43	paper	paper	NOUN
fbem-9859	213	44	.	.	PUNCT
fbem-9859	214	1	when	when	SCONJ
fbem-9859	214	2	the	the	DET
fbem-9859	214	3	market	market	NOUN
fbem-9859	214	4	mechanism	mechanism	NOUN
fbem-9859	214	5	is	be	AUX
fbem-9859	214	6	measured	measure	VERB
fbem-9859	214	7	by	by	ADP
fbem-9859	214	8	carbon	carbon	NOUN
fbem-9859	214	9	market	market	NOUN
fbem-9859	214	10	liquidity	liquidity	NOUN
fbem-9859	214	11	,	,	PUNCT
fbem-9859	214	12	the	the	DET
fbem-9859	214	13	coefficient	coefficient	NOUN
fbem-9859	214	14			PROPN
fbem-9859	214	15	of	of	ADP
fbem-9859	214	16	the	the	DET
fbem-9859	214	17	cross	cross	ADJ
fbem-9859	214	18	-	-	ADJ
fbem-9859	214	19	product	product	ADJ
fbem-9859	214	20	term	term	NOUN
fbem-9859	214	21	does	do	AUX
fbem-9859	214	22	not	not	PART
fbem-9859	214	23	show	show	VERB
fbem-9859	214	24	significance	significance	NOUN
fbem-9859	214	25	,	,	PUNCT
fbem-9859	214	26	but	but	CCONJ
fbem-9859	214	27	the	the	DET
fbem-9859	214	28	did	do	AUX
fbem-9859	214	29	coefficient	coefficient	NOUN
fbem-9859	214	30	is	be	AUX
fbem-9859	214	31	significant	significant	ADJ
fbem-9859	214	32	at	at	ADP
fbem-9859	214	33	the	the	DET
fbem-9859	214	34	5	5	NUM
fbem-9859	214	35	%	%	NOUN
fbem-9859	214	36	level	level	NOUN
fbem-9859	214	37	and	and	CCONJ
fbem-9859	214	38	decreases	decrease	NOUN
fbem-9859	214	39	compared	compare	VERB
fbem-9859	214	40	to	to	ADP
fbem-9859	214	41	the	the	DET
fbem-9859	214	42	previous	previous	ADJ
fbem-9859	214	43	benchmark	benchmark	NOUN
fbem-9859	214	44	regression	regression	NOUN
fbem-9859	214	45	,	,	PUNCT
fbem-9859	214	46	suggesting	suggest	VERB
fbem-9859	214	47	that	that	SCONJ
fbem-9859	214	48	the	the	DET
fbem-9859	214	49	market	market	NOUN
fbem-9859	214	50	mechanism	mechanism	NOUN
fbem-9859	214	51	measured	measure	VERB
fbem-9859	214	52	by	by	ADP
fbem-9859	214	53	market	market	NOUN
fbem-9859	214	54	liquidity	liquidity	NOUN
fbem-9859	214	55	explains	explain	VERB
fbem-9859	214	56	the	the	DET
fbem-9859	214	57	green	green	PROPN
fbem-9859	214	58	technology	technology	NOUN
fbem-9859	214	59	innovation	innovation	NOUN
fbem-9859	214	60	of	of	ADP
fbem-9859	214	61	firms	firm	NOUN
fbem-9859	214	62	to	to	ADP
fbem-9859	214	63	some	some	DET
fbem-9859	214	64	extent	extent	NOUN
fbem-9859	214	65	.	.	PUNCT
fbem-9859	215	1	when	when	SCONJ
fbem-9859	215	2	the	the	DET
fbem-9859	215	3	market	market	NOUN
fbem-9859	215	4	liquidity	liquidity	NOUN
fbem-9859	215	5	is	be	AUX
fbem-9859	215	6	measured	measure	VERB
fbem-9859	215	7	by	by	ADP
fbem-9859	215	8	the	the	DET
fbem-9859	215	9	scale	scale	NOUN
fbem-9859	215	10	of	of	ADP
fbem-9859	215	11	carbon	carbon	NOUN
fbem-9859	215	12	trading	trading	NOUN
fbem-9859	215	13	,	,	PUNCT
fbem-9859	215	14	the	the	DET
fbem-9859	215	15	coefficient	coefficient	NOUN
fbem-9859	215	16	of	of	ADP
fbem-9859	215	17	the	the	DET
fbem-9859	215	18	cross	cross	ADJ
fbem-9859	215	19	-	-	ADJ
fbem-9859	215	20	product	product	ADJ
fbem-9859	215	21	term	term	NOUN
fbem-9859	215	22	is	be	AUX
fbem-9859	215	23	significantly	significantly	ADV
fbem-9859	215	24	positive	positive	ADJ
fbem-9859	215	25	at	at	ADP
fbem-9859	215	26	the	the	DET
fbem-9859	215	27	5	5	NUM
fbem-9859	215	28	%	%	NOUN
fbem-9859	215	29	level	level	NOUN
fbem-9859	215	30	,	,	PUNCT
fbem-9859	215	31	indicating	indicate	VERB
fbem-9859	215	32	that	that	SCONJ
fbem-9859	215	33	the	the	DET
fbem-9859	215	34	larger	large	ADJ
fbem-9859	215	35	46	46	NUM
fbem-9859	215	36	the	the	DET
fbem-9859	215	37	scale	scale	NOUN
fbem-9859	215	38	of	of	ADP
fbem-9859	215	39	carbon	carbon	NOUN
fbem-9859	215	40	trading	trading	NOUN
fbem-9859	215	41	,	,	PUNCT
fbem-9859	215	42	the	the	PRON
fbem-9859	215	43	higher	high	ADJ
fbem-9859	215	44	the	the	DET
fbem-9859	215	45	level	level	NOUN
fbem-9859	215	46	of	of	ADP
fbem-9859	215	47	green	green	ADJ
fbem-9859	215	48	technology	technology	NOUN
fbem-9859	215	49	innovation	innovation	NOUN
fbem-9859	215	50	of	of	ADP
fbem-9859	215	51	enterprises	enterprise	NOUN
fbem-9859	215	52	.	.	PUNCT
fbem-9859	216	1	at	at	ADP
fbem-9859	216	2	this	this	DET
fbem-9859	216	3	time	time	NOUN
fbem-9859	216	4	,	,	PUNCT
fbem-9859	216	5	considering	consider	VERB
fbem-9859	216	6	the	the	DET
fbem-9859	216	7	influence	influence	NOUN
fbem-9859	216	8	of	of	ADP
fbem-9859	216	9	did	do	AUX
fbem-9859	216	10	on	on	ADP
fbem-9859	216	11	enterprise	enterprise	NOUN
fbem-9859	216	12	green	green	ADJ
fbem-9859	216	13	technology	technology	NOUN
fbem-9859	216	14	innovation	innovation	NOUN
fbem-9859	216	15	,	,	PUNCT
fbem-9859	216	16	still	still	ADV
fbem-9859	216	17	from	from	ADP
fbem-9859	216	18	model	model	NOUN
fbem-9859	216	19	(	(	PUNCT
fbem-9859	216	20	2	2	NUM
fbem-9859	216	21	)	)	PUNCT
fbem-9859	216	22	,	,	PUNCT
fbem-9859	216	23	we	we	PRON
fbem-9859	216	24	get	get	VERB
fbem-9859	216	25	scaledidpatentgreen	scaledidpatentgreen	ADJ
fbem-9859	216	26	ln/	ln/	NOUN
fbem-9859	216	27	_	_	NOUN
fbem-9859	216	28	1	1	NUM
fbem-9859	216	29			PROPN
fbem-9859	216	30			NOUN
fbem-9859	216	31	,	,	PUNCT
fbem-9859	216	32	and	and	CCONJ
fbem-9859	216	33	the	the	DET
fbem-9859	216	34	minimum	minimum	ADJ
fbem-9859	216	35	value	value	NOUN
fbem-9859	216	36	of	of	ADP
fbem-9859	216	37	lnscale	lnscale	NOUN
fbem-9859	216	38	is	be	AUX
fbem-9859	216	39	7.863	7.863	NUM
fbem-9859	216	40	,	,	PUNCT
fbem-9859	216	41	so	so	ADV
fbem-9859	216	42	for	for	ADP
fbem-9859	216	43	any	any	DET
fbem-9859	216	44	lnscale	lnscale	NOUN
fbem-9859	216	45	,	,	PUNCT
fbem-9859	216	46	the	the	DET
fbem-9859	216	47	influence	influence	NOUN
fbem-9859	216	48	of	of	ADP
fbem-9859	216	49	did	do	AUX
fbem-9859	216	50	on	on	ADP
fbem-9859	216	51	enterprise	enterprise	NOUN
fbem-9859	216	52	green	green	ADJ
fbem-9859	216	53	technology	technology	NOUN
fbem-9859	216	54	innovation	innovation	NOUN
fbem-9859	216	55	is	be	AUX
fbem-9859	216	56	positive	positive	ADJ
fbem-9859	216	57	,	,	PUNCT
fbem-9859	216	58	and	and	CCONJ
fbem-9859	216	59	the	the	DET
fbem-9859	216	60	same	same	ADJ
fbem-9859	216	61	result	result	NOUN
fbem-9859	216	62	as	as	ADP
fbem-9859	216	63	the	the	DET
fbem-9859	216	64	previous	previous	ADJ
fbem-9859	216	65	paper	paper	NOUN
fbem-9859	216	66	.	.	PUNCT
fbem-9859	217	1	based	base	VERB
fbem-9859	217	2	on	on	ADP
fbem-9859	217	3	the	the	DET
fbem-9859	217	4	above	above	ADJ
fbem-9859	217	5	analysis	analysis	NOUN
fbem-9859	217	6	,	,	PUNCT
fbem-9859	217	7	hypothesis	hypothesis	NOUN
fbem-9859	217	8	2	2	NUM
fbem-9859	217	9	is	be	AUX
fbem-9859	217	10	verified	verify	VERB
fbem-9859	217	11	.	.	PUNCT
fbem-9859	218	1	table	table	NOUN
fbem-9859	218	2	7	7	NUM
fbem-9859	218	3	.	.	PUNCT
fbem-9859	219	1	regulating	regulate	VERB
fbem-9859	219	2	role	role	NOUN
fbem-9859	219	3	of	of	ADP
fbem-9859	219	4	carbon	carbon	NOUN
fbem-9859	219	5	market	market	NOUN
fbem-9859	219	6	operation	operation	NOUN
fbem-9859	219	7	status	status	NOUN
fbem-9859	219	8	variables	variable	NOUN
fbem-9859	219	9	(	(	PUNCT
fbem-9859	219	10	1	1	NUM
fbem-9859	219	11	)	)	PUNCT
fbem-9859	219	12	(	(	PUNCT
fbem-9859	219	13	2	2	NUM
fbem-9859	219	14	)	)	PUNCT
fbem-9859	219	15	(	(	PUNCT
fbem-9859	219	16	3	3	X
fbem-9859	219	17	)	)	PUNCT
fbem-9859	219	18	green_patent	green_patent	NOUN
fbem-9859	219	19	did	do	AUX
fbem-9859	219	20	-4.0636	-4.0636	VERB
fbem-9859	219	21	7.182	7.182	NUM
fbem-9859	219	22	*	*	NOUN
fbem-9859	219	23	*	*	PUNCT
fbem-9859	219	24	-5.0371	-5.0371	X
fbem-9859	219	25	(	(	PUNCT
fbem-9859	219	26	7.2418	7.2418	NUM
fbem-9859	219	27	)	)	PUNCT
fbem-9859	219	28	(	(	PUNCT
fbem-9859	219	29	2.97	2.97	NUM
fbem-9859	219	30	)	)	PUNCT
fbem-9859	219	31	(	(	PUNCT
fbem-9859	219	32	4.3975	4.3975	NUM
fbem-9859	219	33	)	)	PUNCT
fbem-9859	219	34	c.did#c.lnprice	c.did#c.lnprice	NOUN
fbem-9859	220	1	4.1197	4.1197	NUM
fbem-9859	220	2	*	*	SYM
fbem-9859	220	3	(	(	PUNCT
fbem-9859	220	4	2.3637	2.3637	NUM
fbem-9859	220	5	)	)	PUNCT
fbem-9859	220	6	c.did#c.lnday	c.did#c.lnday	NOUN
fbem-9859	221	1	.1643	.1643	PROPN
fbem-9859	221	2	(	(	PUNCT
fbem-9859	221	3	.3368	.3368	NOUN
fbem-9859	221	4	)	)	PUNCT
fbem-9859	221	5	c.did#c.lnscale	c.did#c.lnscale	NOUN
fbem-9859	221	6	.9056	.9056	NOUN
fbem-9859	221	7	*	*	PUNCT
fbem-9859	221	8	*	*	PUNCT
fbem-9859	221	9	(	(	PUNCT
fbem-9859	221	10	.427	.427	NUM
fbem-9859	221	11	)	)	PUNCT
fbem-9859	222	1	control	control	NOUN
fbem-9859	222	2	variables	variable	NOUN
fbem-9859	223	1	yes	yes	INTJ
fbem-9859	224	1	yes	yes	INTJ
fbem-9859	225	1	yes	yes	INTJ
fbem-9859	225	2	year	year	NOUN
fbem-9859	225	3	fixed	fix	VERB
fbem-9859	225	4	effect	effect	NOUN
fbem-9859	226	1	yes	yes	INTJ
fbem-9859	226	2	yes	yes	INTJ
fbem-9859	227	1	yes	yes	INTJ
fbem-9859	227	2	industry	industry	NOUN
fbem-9859	227	3	fixed	fix	VERB
fbem-9859	227	4	effect	effect	NOUN
fbem-9859	228	1	yes	yes	INTJ
fbem-9859	228	2	yes	yes	INTJ
fbem-9859	229	1	yes	yes	INTJ
fbem-9859	229	2	sample	sample	NOUN
fbem-9859	229	3	size	size	NOUN
fbem-9859	229	4	20100	20100	NUM
fbem-9859	229	5	20100	20100	NUM
fbem-9859	229	6	20100	20100	NUM
fbem-9859	229	7	r2	r2	PROPN
fbem-9859	229	8	.0502	.0502	PROPN
fbem-9859	229	9	.0523	.0523	NOUN
fbem-9859	229	10	.053	.053	NUM
fbem-9859	229	11	6	6	NUM
fbem-9859	229	12	.	.	PUNCT
fbem-9859	230	1	further	further	ADJ
fbem-9859	230	2	analysis	analysis	VERB
fbem-9859	230	3	the	the	DET
fbem-9859	230	4	impact	impact	NOUN
fbem-9859	230	5	of	of	ADP
fbem-9859	230	6	carbon	carbon	NOUN
fbem-9859	230	7	emissions	emission	NOUN
fbem-9859	230	8	trading	trading	NOUN
fbem-9859	230	9	policy	policy	NOUN
fbem-9859	230	10	on	on	ADP
fbem-9859	230	11	enterprises	enterprise	NOUN
fbem-9859	230	12	'	'	PART
fbem-9859	230	13	green	green	ADJ
fbem-9859	230	14	technology	technology	NOUN
fbem-9859	230	15	innovation	innovation	NOUN
fbem-9859	230	16	is	be	AUX
fbem-9859	230	17	not	not	PART
fbem-9859	230	18	only	only	ADV
fbem-9859	230	19	regulated	regulate	VERB
fbem-9859	230	20	by	by	ADP
fbem-9859	230	21	the	the	DET
fbem-9859	230	22	market	market	NOUN
fbem-9859	230	23	mechanism	mechanism	NOUN
fbem-9859	230	24	,	,	PUNCT
fbem-9859	230	25	but	but	CCONJ
fbem-9859	230	26	also	also	ADV
fbem-9859	230	27	the	the	DET
fbem-9859	230	28	micro	micro	ADJ
fbem-9859	230	29	characteristics	characteristic	NOUN
fbem-9859	230	30	of	of	ADP
fbem-9859	230	31	enterprises	enterprise	NOUN
fbem-9859	230	32	themselves	themselves	PRON
fbem-9859	230	33	may	may	AUX
fbem-9859	230	34	cause	cause	VERB
fbem-9859	230	35	different	different	ADJ
fbem-9859	230	36	degrees	degree	NOUN
fbem-9859	230	37	of	of	ADP
fbem-9859	230	38	impact	impact	NOUN
fbem-9859	230	39	.	.	PUNCT
fbem-9859	231	1	in	in	ADP
fbem-9859	231	2	this	this	DET
fbem-9859	231	3	paper	paper	NOUN
fbem-9859	231	4	,	,	PUNCT
fbem-9859	231	5	we	we	PRON
fbem-9859	231	6	further	far	ADV
fbem-9859	231	7	analyze	analyze	VERB
fbem-9859	231	8	the	the	DET
fbem-9859	231	9	heterogeneous	heterogeneous	ADJ
fbem-9859	231	10	impact	impact	NOUN
fbem-9859	231	11	in	in	ADP
fbem-9859	231	12	terms	term	NOUN
fbem-9859	231	13	of	of	ADP
fbem-9859	231	14	firms	firm	NOUN
fbem-9859	231	15	'	'	PART
fbem-9859	231	16	reliance	reliance	NOUN
fbem-9859	231	17	on	on	ADP
fbem-9859	231	18	technological	technological	ADJ
fbem-9859	231	19	innovation	innovation	NOUN
fbem-9859	231	20	,	,	PUNCT
fbem-9859	231	21	tolerance	tolerance	NOUN
fbem-9859	231	22	to	to	ADP
fbem-9859	231	23	environmental	environmental	ADJ
fbem-9859	231	24	regulations	regulation	NOUN
fbem-9859	231	25	,	,	PUNCT
fbem-9859	231	26	and	and	CCONJ
fbem-9859	231	27	internal	internal	ADJ
fbem-9859	231	28	control	control	NOUN
fbem-9859	231	29	quality	quality	NOUN
fbem-9859	231	30	according	accord	VERB
fbem-9859	231	31	to	to	ADP
fbem-9859	231	32	their	their	PRON
fbem-9859	231	33	micro	micro	ADJ
fbem-9859	231	34	characteristics	characteristic	NOUN
fbem-9859	231	35	.	.	PUNCT
fbem-9859	232	1	6.1	6.1	NUM
fbem-9859	232	2	.	.	PUNCT
fbem-9859	233	1	heterogeneity	heterogeneity	NOUN
fbem-9859	233	2	analysis	analysis	NOUN
fbem-9859	233	3	of	of	ADP
fbem-9859	233	4	high	high	ADJ
fbem-9859	233	5	-	-	PUNCT
fbem-9859	233	6	tech	tech	NOUN
fbem-9859	233	7	and	and	CCONJ
fbem-9859	233	8	non	non	ADJ
fbem-9859	233	9	-	-	ADJ
fbem-9859	233	10	high	high	ADJ
fbem-9859	233	11	-	-	PUNCT
fbem-9859	233	12	tech	tech	NOUN
fbem-9859	233	13	firms	firm	NOUN
fbem-9859	233	14	according	accord	VERB
fbem-9859	233	15	to	to	ADP
fbem-9859	233	16	the	the	DET
fbem-9859	233	17	degree	degree	NOUN
fbem-9859	233	18	of	of	ADP
fbem-9859	233	19	reliance	reliance	NOUN
fbem-9859	233	20	on	on	ADP
fbem-9859	233	21	technological	technological	ADJ
fbem-9859	233	22	innovation	innovation	NOUN
fbem-9859	233	23	,	,	PUNCT
fbem-9859	233	24	enterprises	enterprise	NOUN
fbem-9859	233	25	can	can	AUX
fbem-9859	233	26	be	be	AUX
fbem-9859	233	27	classified	classify	VERB
fbem-9859	233	28	as	as	ADP
fbem-9859	233	29	high	high	ADJ
fbem-9859	233	30	-	-	PUNCT
fbem-9859	233	31	tech	tech	NOUN
fbem-9859	233	32	enterprises	enterprise	NOUN
fbem-9859	233	33	and	and	CCONJ
fbem-9859	233	34	non	non	ADJ
fbem-9859	233	35	-	-	ADJ
fbem-9859	233	36	high	high	ADJ
fbem-9859	233	37	-	-	PUNCT
fbem-9859	233	38	tech	tech	NOUN
fbem-9859	233	39	enterprises	enterprise	NOUN
fbem-9859	233	40	.	.	PUNCT
fbem-9859	234	1	in	in	ADP
fbem-9859	234	2	this	this	DET
fbem-9859	234	3	paper	paper	NOUN
fbem-9859	234	4	,	,	PUNCT
fbem-9859	234	5	according	accord	VERB
fbem-9859	234	6	to	to	ADP
fbem-9859	234	7	the	the	DET
fbem-9859	234	8	statistical	statistical	ADJ
fbem-9859	234	9	classification	classification	NOUN
fbem-9859	234	10	catalogue	catalogue	NOUN
fbem-9859	234	11	of	of	ADP
fbem-9859	234	12	high	high	ADJ
fbem-9859	234	13	technology	technology	NOUN
fbem-9859	234	14	industries	industry	NOUN
fbem-9859	234	15	issued	issue	VERB
fbem-9859	234	16	by	by	ADP
fbem-9859	234	17	the	the	DET
fbem-9859	234	18	national	national	PROPN
fbem-9859	234	19	bureau	bureau	PROPN
fbem-9859	234	20	of	of	ADP
fbem-9859	234	21	statistics	statistic	NOUN
fbem-9859	234	22	,	,	PUNCT
fbem-9859	234	23	combined	combine	VERB
fbem-9859	234	24	with	with	ADP
fbem-9859	234	25	the	the	DET
fbem-9859	234	26	guideline	guideline	NOUN
fbem-9859	234	27	on	on	ADP
fbem-9859	234	28	industry	industry	NOUN
fbem-9859	234	29	classification	classification	NOUN
fbem-9859	234	30	of	of	ADP
fbem-9859	234	31	listed	list	VERB
fbem-9859	234	32	companies	company	NOUN
fbem-9859	234	33	(	(	PUNCT
fbem-9859	234	34	2012	2012	NUM
fbem-9859	234	35	revision	revision	NOUN
fbem-9859	234	36	)	)	PUNCT
fbem-9859	234	37	issued	issue	VERB
fbem-9859	234	38	by	by	ADP
fbem-9859	234	39	the	the	DET
fbem-9859	234	40	china	china	PROPN
fbem-9859	234	41	securities	securities	PROPN
fbem-9859	234	42	regulatory	regulatory	PROPN
fbem-9859	234	43	commission	commission	PROPN
fbem-9859	234	44	,	,	PUNCT
fbem-9859	234	45	the	the	DET
fbem-9859	234	46	pharmaceutical	pharmaceutical	NOUN
fbem-9859	234	47	manufacturing	manufacturing	NOUN
fbem-9859	234	48	industry	industry	NOUN
fbem-9859	234	49	,	,	PUNCT
fbem-9859	234	50	special	special	ADJ
fbem-9859	234	51	equipment	equipment	NOUN
fbem-9859	234	52	manufacturing	manufacturing	NOUN
fbem-9859	234	53	industry	industry	NOUN
fbem-9859	234	54	,	,	PUNCT
fbem-9859	234	55	railroad	railroad	NOUN
fbem-9859	234	56	,	,	PUNCT
fbem-9859	234	57	ship	ship	NOUN
fbem-9859	234	58	,	,	PUNCT
fbem-9859	234	59	aerospace	aerospace	NOUN
fbem-9859	234	60	and	and	CCONJ
fbem-9859	234	61	other	other	ADJ
fbem-9859	234	62	transportation	transportation	NOUN
fbem-9859	234	63	equipment	equipment	NOUN
fbem-9859	234	64	manufacturing	manufacturing	NOUN
fbem-9859	234	65	industry	industry	NOUN
fbem-9859	234	66	,	,	PUNCT
fbem-9859	234	67	electrical	electrical	ADJ
fbem-9859	234	68	machinery	machinery	NOUN
fbem-9859	234	69	and	and	CCONJ
fbem-9859	234	70	equipment	equipment	NOUN
fbem-9859	234	71	manufacturing	manufacturing	NOUN
fbem-9859	234	72	industry	industry	NOUN
fbem-9859	234	73	,	,	PUNCT
fbem-9859	234	74	computer	computer	NOUN
fbem-9859	234	75	,	,	PUNCT
fbem-9859	234	76	communication	communication	NOUN
fbem-9859	234	77	and	and	CCONJ
fbem-9859	234	78	other	other	ADJ
fbem-9859	234	79	electronic	electronic	ADJ
fbem-9859	234	80	equipment	equipment	NOUN
fbem-9859	234	81	manufacturing	manufacturing	NOUN
fbem-9859	234	82	industry	industry	NOUN
fbem-9859	234	83	,	,	PUNCT
fbem-9859	234	84	instrumentation	instrumentation	NOUN
fbem-9859	234	85	manufacturing	manufacturing	NOUN
fbem-9859	234	86	enterprises	enterprise	NOUN
fbem-9859	234	87	in	in	ADP
fbem-9859	234	88	pharmaceutical	pharmaceutical	NOUN
fbem-9859	234	89	manufacturing	manufacturing	NOUN
fbem-9859	234	90	,	,	PUNCT
fbem-9859	234	91	special	special	ADJ
fbem-9859	234	92	equipment	equipment	NOUN
fbem-9859	234	93	manufacturing	manufacturing	NOUN
fbem-9859	234	94	,	,	PUNCT
fbem-9859	234	95	railway	railway	NOUN
fbem-9859	234	96	,	,	PUNCT
fbem-9859	234	97	ship	ship	NOUN
fbem-9859	234	98	,	,	PUNCT
fbem-9859	234	99	aerospace	aerospace	NOUN
fbem-9859	234	100	and	and	CCONJ
fbem-9859	234	101	other	other	ADJ
fbem-9859	234	102	transportation	transportation	NOUN
fbem-9859	234	103	equipment	equipment	NOUN
fbem-9859	234	104	manufacturing	manufacturing	NOUN
fbem-9859	234	105	,	,	PUNCT
fbem-9859	234	106	electrical	electrical	ADJ
fbem-9859	234	107	machinery	machinery	NOUN
fbem-9859	234	108	and	and	CCONJ
fbem-9859	234	109	equipment	equipment	NOUN
fbem-9859	234	110	manufacturing	manufacturing	NOUN
fbem-9859	234	111	,	,	PUNCT
fbem-9859	234	112	computer	computer	NOUN
fbem-9859	234	113	,	,	PUNCT
fbem-9859	234	114	communication	communication	NOUN
fbem-9859	234	115	and	and	CCONJ
fbem-9859	234	116	other	other	ADJ
fbem-9859	234	117	electronic	electronic	ADJ
fbem-9859	234	118	equipment	equipment	NOUN
fbem-9859	234	119	manufacturing	manufacturing	NOUN
fbem-9859	234	120	,	,	PUNCT
fbem-9859	234	121	and	and	CCONJ
fbem-9859	234	122	instrumentation	instrumentation	NOUN
fbem-9859	234	123	manufacturing	manufacturing	NOUN
fbem-9859	234	124	are	be	AUX
fbem-9859	234	125	classified	classify	VERB
fbem-9859	234	126	as	as	ADP
fbem-9859	234	127	high	high	ADJ
fbem-9859	234	128	-	-	PUNCT
fbem-9859	234	129	tech	tech	NOUN
fbem-9859	234	130	enterprises	enterprise	NOUN
fbem-9859	234	131	,	,	PUNCT
fbem-9859	234	132	while	while	SCONJ
fbem-9859	234	133	enterprises	enterprise	NOUN
fbem-9859	234	134	in	in	ADP
fbem-9859	234	135	other	other	ADJ
fbem-9859	234	136	industries	industry	NOUN
fbem-9859	234	137	are	be	AUX
fbem-9859	234	138	non	non	ADJ
fbem-9859	234	139	-	-	ADJ
fbem-9859	234	140	high	high	ADJ
fbem-9859	234	141	-	-	PUNCT
fbem-9859	234	142	tech	tech	NOUN
fbem-9859	234	143	enterprises	enterprise	NOUN
fbem-9859	234	144	.	.	PUNCT
fbem-9859	235	1	table	table	NOUN
fbem-9859	235	2	8	8	NUM
fbem-9859	235	3	reports	report	VERB
fbem-9859	235	4	the	the	DET
fbem-9859	235	5	results	result	NOUN
fbem-9859	235	6	of	of	ADP
fbem-9859	235	7	heterogeneity	heterogeneity	NOUN
fbem-9859	235	8	between	between	ADP
fbem-9859	235	9	hightech	hightech	NOUN
fbem-9859	235	10	and	and	CCONJ
fbem-9859	235	11	non	non	ADJ
fbem-9859	235	12	-	-	ADJ
fbem-9859	235	13	high	high	ADJ
fbem-9859	235	14	-	-	PUNCT
fbem-9859	235	15	tech	tech	NOUN
fbem-9859	235	16	enterprises	enterprise	NOUN
fbem-9859	235	17	.	.	PUNCT
fbem-9859	236	1	the	the	DET
fbem-9859	236	2	results	result	NOUN
fbem-9859	236	3	show	show	VERB
fbem-9859	236	4	that	that	SCONJ
fbem-9859	236	5	the	the	DET
fbem-9859	236	6	did	did	ADJ
fbem-9859	236	7	coefficient	coefficient	NOUN
fbem-9859	236	8	is	be	AUX
fbem-9859	236	9	7.5083	7.5083	NUM
fbem-9859	236	10	in	in	ADP
fbem-9859	236	11	the	the	DET
fbem-9859	236	12	group	group	NOUN
fbem-9859	236	13	of	of	ADP
fbem-9859	236	14	non	non	ADJ
fbem-9859	236	15	-	-	ADJ
fbem-9859	236	16	high	high	ADJ
fbem-9859	236	17	-	-	PUNCT
fbem-9859	236	18	tech	tech	NOUN
fbem-9859	236	19	enterprises	enterprise	NOUN
fbem-9859	236	20	,	,	PUNCT
fbem-9859	236	21	which	which	PRON
fbem-9859	236	22	is	be	AUX
fbem-9859	236	23	significant	significant	ADJ
fbem-9859	236	24	at	at	ADP
fbem-9859	236	25	the	the	DET
fbem-9859	236	26	1	1	NUM
fbem-9859	236	27	%	%	NOUN
fbem-9859	236	28	level	level	NOUN
fbem-9859	236	29	,	,	PUNCT
fbem-9859	236	30	while	while	SCONJ
fbem-9859	236	31	it	it	PRON
fbem-9859	236	32	is	be	AUX
fbem-9859	236	33	not	not	PART
fbem-9859	236	34	significant	significant	ADJ
fbem-9859	236	35	in	in	ADP
fbem-9859	236	36	the	the	DET
fbem-9859	236	37	group	group	NOUN
fbem-9859	236	38	of	of	ADP
fbem-9859	236	39	high	high	ADJ
fbem-9859	236	40	-	-	PUNCT
fbem-9859	236	41	tech	tech	NOUN
fbem-9859	236	42	enterprises	enterprise	NOUN
fbem-9859	236	43	,	,	PUNCT
fbem-9859	236	44	which	which	PRON
fbem-9859	236	45	indicates	indicate	VERB
fbem-9859	236	46	that	that	SCONJ
fbem-9859	236	47	the	the	DET
fbem-9859	236	48	promotion	promotion	NOUN
fbem-9859	236	49	effect	effect	NOUN
fbem-9859	236	50	of	of	ADP
fbem-9859	236	51	carbon	carbon	NOUN
fbem-9859	236	52	emissions	emission	NOUN
fbem-9859	236	53	trading	trading	NOUN
fbem-9859	236	54	on	on	ADP
fbem-9859	236	55	green	green	ADJ
fbem-9859	236	56	technology	technology	NOUN
fbem-9859	236	57	innovation	innovation	NOUN
fbem-9859	236	58	is	be	AUX
fbem-9859	236	59	mainly	mainly	ADV
fbem-9859	236	60	reflected	reflect	VERB
fbem-9859	236	61	in	in	ADP
fbem-9859	236	62	non	non	ADJ
fbem-9859	236	63	-	-	ADJ
fbem-9859	236	64	high	high	ADJ
fbem-9859	236	65	-	-	PUNCT
fbem-9859	236	66	tech	tech	NOUN
fbem-9859	236	67	enterprises	enterprise	NOUN
fbem-9859	236	68	.	.	PUNCT
fbem-9859	237	1	this	this	PRON
fbem-9859	237	2	may	may	AUX
fbem-9859	237	3	be	be	AUX
fbem-9859	237	4	due	due	ADJ
fbem-9859	237	5	to	to	ADP
fbem-9859	237	6	the	the	DET
fbem-9859	237	7	fact	fact	NOUN
fbem-9859	237	8	that	that	SCONJ
fbem-9859	237	9	the	the	DET
fbem-9859	237	10	technological	technological	ADJ
fbem-9859	237	11	innovations	innovation	NOUN
fbem-9859	237	12	of	of	ADP
fbem-9859	237	13	high	high	ADJ
fbem-9859	237	14	-	-	PUNCT
fbem-9859	237	15	technology	technology	NOUN
fbem-9859	237	16	firms	firm	NOUN
fbem-9859	237	17	involve	involve	VERB
fbem-9859	237	18	a	a	DET
fbem-9859	237	19	wider	wide	ADJ
fbem-9859	237	20	and	and	CCONJ
fbem-9859	237	21	more	more	ADV
fbem-9859	237	22	diverse	diverse	ADJ
fbem-9859	237	23	range	range	NOUN
fbem-9859	237	24	of	of	ADP
fbem-9859	237	25	fields	field	NOUN
fbem-9859	237	26	,	,	PUNCT
fbem-9859	237	27	while	while	SCONJ
fbem-9859	237	28	the	the	DET
fbem-9859	237	29	technological	technological	ADJ
fbem-9859	237	30	innovation	innovation	NOUN
fbem-9859	237	31	fields	field	NOUN
fbem-9859	237	32	of	of	ADP
fbem-9859	237	33	non	non	ADJ
fbem-9859	237	34	-	-	ADJ
fbem-9859	237	35	high	high	ADJ
fbem-9859	237	36	-	-	PUNCT
fbem-9859	237	37	technology	technology	NOUN
fbem-9859	237	38	firms	firm	NOUN
fbem-9859	237	39	are	be	AUX
fbem-9859	237	40	relatively	relatively	ADV
fbem-9859	237	41	narrower	narrow	ADJ
fbem-9859	237	42	and	and	CCONJ
fbem-9859	237	43	have	have	VERB
fbem-9859	237	44	fewer	few	ADJ
fbem-9859	237	45	technological	technological	ADJ
fbem-9859	237	46	innovation	innovation	NOUN
fbem-9859	237	47	activities	activity	NOUN
fbem-9859	237	48	.	.	PUNCT
fbem-9859	238	1	after	after	ADP
fbem-9859	238	2	the	the	DET
fbem-9859	238	3	introduction	introduction	NOUN
fbem-9859	238	4	of	of	ADP
fbem-9859	238	5	the	the	DET
fbem-9859	238	6	carbon	carbon	NOUN
fbem-9859	238	7	emissions	emission	NOUN
fbem-9859	238	8	trading	trading	NOUN
fbem-9859	238	9	policy	policy	NOUN
fbem-9859	238	10	,	,	PUNCT
fbem-9859	238	11	stimulated	stimulate	VERB
fbem-9859	238	12	by	by	ADP
fbem-9859	238	13	this	this	DET
fbem-9859	238	14	market	market	NOUN
fbem-9859	238	15	-	-	PUNCT
fbem-9859	238	16	based	base	VERB
fbem-9859	238	17	environmental	environmental	ADJ
fbem-9859	238	18	regulation	regulation	NOUN
fbem-9859	238	19	measure	measure	NOUN
fbem-9859	238	20	,	,	PUNCT
fbem-9859	238	21	non	non	ADJ
fbem-9859	238	22	-	-	ADJ
fbem-9859	238	23	high	high	ADJ
fbem-9859	238	24	-	-	PUNCT
fbem-9859	238	25	technology	technology	NOUN
fbem-9859	238	26	firms	firm	NOUN
fbem-9859	238	27	are	be	AUX
fbem-9859	238	28	able	able	ADJ
fbem-9859	238	29	to	to	PART
fbem-9859	238	30	allocate	allocate	VERB
fbem-9859	238	31	their	their	PRON
fbem-9859	238	32	resources	resource	NOUN
fbem-9859	238	33	more	more	ADV
fbem-9859	238	34	precisely	precisely	ADV
fbem-9859	238	35	to	to	ADP
fbem-9859	238	36	green	green	ADJ
fbem-9859	238	37	technological	technological	ADJ
fbem-9859	238	38	innovation	innovation	NOUN
fbem-9859	238	39	activities	activity	NOUN
fbem-9859	238	40	.	.	PUNCT
fbem-9859	239	1	table	table	NOUN
fbem-9859	239	2	8	8	NUM
fbem-9859	239	3	.	.	PUNCT
fbem-9859	240	1	results	result	NOUN
fbem-9859	240	2	of	of	ADP
fbem-9859	240	3	the	the	DET
fbem-9859	240	4	test	test	NOUN
fbem-9859	240	5	for	for	ADP
fbem-9859	240	6	heterogeneity	heterogeneity	NOUN
fbem-9859	240	7	of	of	ADP
fbem-9859	240	8	high	high	ADJ
fbem-9859	240	9	-	-	PUNCT
fbem-9859	240	10	tech	tech	NOUN
fbem-9859	240	11	/	/	SYM
fbem-9859	240	12	non	non	ADJ
fbem-9859	240	13	-	-	ADJ
fbem-9859	240	14	high	high	ADJ
fbem-9859	240	15	-	-	PUNCT
fbem-9859	240	16	tech	tech	NOUN
fbem-9859	240	17	enterprises	enterprise	NOUN
fbem-9859	240	18	variables	variable	VERB
fbem-9859	240	19	high	high	ADJ
fbem-9859	240	20	-	-	PUNCT
fbem-9859	240	21	tech	tech	NOUN
fbem-9859	240	22	enterprises	enterprise	NOUN
fbem-9859	240	23	non	non	ADJ
fbem-9859	240	24	-	-	ADJ
fbem-9859	240	25	high	high	ADJ
fbem-9859	240	26	-	-	PUNCT
fbem-9859	240	27	tech	tech	NOUN
fbem-9859	240	28	enterprises	enterprise	NOUN
fbem-9859	240	29	green_patent	green_patent	PROPN
fbem-9859	240	30	green_patent	green_patent	PROPN
fbem-9859	240	31	did	do	VERB
fbem-9859	240	32	6.9577	6.9577	NUM
fbem-9859	240	33	7.5083	7.5083	NUM
fbem-9859	240	34	*	*	PUNCT
fbem-9859	240	35	*	*	PUNCT
fbem-9859	240	36	*	*	PUNCT
fbem-9859	240	37	(	(	PUNCT
fbem-9859	240	38	6.2220	6.2220	NUM
fbem-9859	240	39	)	)	PUNCT
fbem-9859	240	40	(	(	PUNCT
fbem-9859	240	41	2.5033	2.5033	NUM
fbem-9859	240	42	)	)	PUNCT
fbem-9859	240	43	control	control	NOUN
fbem-9859	240	44	variables	variable	NOUN
fbem-9859	241	1	yes	yes	INTJ
fbem-9859	242	1	yes	yes	INTJ
fbem-9859	242	2	year	year	NOUN
fbem-9859	242	3	fixed	fix	VERB
fbem-9859	242	4	effect	effect	NOUN
fbem-9859	243	1	yes	yes	INTJ
fbem-9859	243	2	yes	yes	INTJ
fbem-9859	243	3	industry	industry	NOUN
fbem-9859	243	4	fixed	fix	VERB
fbem-9859	243	5	effect	effect	NOUN
fbem-9859	244	1	yes	yes	INTJ
fbem-9859	244	2	yes	yes	INTJ
fbem-9859	244	3	r2	r2	VERB
fbem-9859	244	4	0.0522	0.0522	NUM
fbem-9859	244	5	0.0563	0.0563	NUM
fbem-9859	244	6	n	n	PRON
fbem-9859	244	7	7792	7792	NUM
fbem-9859	244	8	12343	12343	NUM
fbem-9859	244	9	47	47	NUM
fbem-9859	244	10	6.2	6.2	NUM
fbem-9859	244	11	.	.	PUNCT
fbem-9859	245	1	analysis	analysis	NOUN
fbem-9859	245	2	of	of	ADP
fbem-9859	245	3	the	the	DET
fbem-9859	245	4	heterogeneity	heterogeneity	NOUN
fbem-9859	245	5	of	of	ADP
fbem-9859	245	6	highcarbon	highcarbon	NOUN
fbem-9859	245	7	and	and	CCONJ
fbem-9859	245	8	low	low	ADJ
fbem-9859	245	9	-	-	PUNCT
fbem-9859	245	10	carbon	carbon	NOUN
fbem-9859	245	11	enterprises	enterprise	NOUN
fbem-9859	245	12	based	base	VERB
fbem-9859	245	13	on	on	ADP
fbem-9859	245	14	the	the	DET
fbem-9859	245	15	differences	difference	NOUN
fbem-9859	245	16	in	in	ADP
fbem-9859	245	17	firms	firm	NOUN
fbem-9859	245	18	'	'	PART
fbem-9859	245	19	tolerance	tolerance	NOUN
fbem-9859	245	20	to	to	ADP
fbem-9859	245	21	environmental	environmental	ADJ
fbem-9859	245	22	regulations	regulation	NOUN
fbem-9859	245	23	and	and	CCONJ
fbem-9859	245	24	environmental	environmental	ADJ
fbem-9859	245	25	regulation	regulation	NOUN
fbem-9859	245	26	costs	cost	NOUN
fbem-9859	245	27	(	(	PUNCT
fbem-9859	245	28	deng	deng	PROPN
fbem-9859	245	29	and	and	CCONJ
fbem-9859	245	30	wang	wang	PROPN
fbem-9859	245	31	,	,	PUNCT
fbem-9859	245	32	2020	2020	NUM
fbem-9859	245	33	)	)	PUNCT
fbem-9859	246	1	,	,	PUNCT
fbem-9859	246	2	firms	firm	NOUN
fbem-9859	246	3	are	be	AUX
fbem-9859	246	4	classified	classify	VERB
fbem-9859	246	5	as	as	ADP
fbem-9859	246	6	high	high	ADJ
fbem-9859	246	7	-	-	PUNCT
fbem-9859	246	8	carbon	carbon	NOUN
fbem-9859	246	9	firms	firm	NOUN
fbem-9859	246	10	and	and	CCONJ
fbem-9859	246	11	low	low	ADJ
fbem-9859	246	12	-	-	PUNCT
fbem-9859	246	13	carbon	carbon	NOUN
fbem-9859	246	14	firms	firm	NOUN
fbem-9859	246	15	.	.	PUNCT
fbem-9859	247	1	in	in	ADP
fbem-9859	247	2	this	this	DET
fbem-9859	247	3	paper	paper	NOUN
fbem-9859	247	4	,	,	PUNCT
fbem-9859	247	5	referring	refer	VERB
fbem-9859	247	6	to	to	ADP
fbem-9859	247	7	liu	liu	PROPN
fbem-9859	247	8	et	et	PROPN
fbem-9859	247	9	al	al	PROPN
fbem-9859	247	10	.	.	PROPN
fbem-9859	248	1	(	(	PUNCT
fbem-9859	248	2	2017	2017	NUM
fbem-9859	248	3	)	)	PUNCT
fbem-9859	248	4	,	,	PUNCT
fbem-9859	248	5	enterprises	enterprise	NOUN
fbem-9859	248	6	belonging	belong	VERB
fbem-9859	248	7	to	to	ADP
fbem-9859	248	8	17	17	NUM
fbem-9859	248	9	polluting	polluting	NOUN
fbem-9859	248	10	industries	industry	NOUN
fbem-9859	248	11	such	such	ADJ
fbem-9859	248	12	as	as	ADP
fbem-9859	248	13	the	the	DET
fbem-9859	248	14	ferrous	ferrous	ADJ
fbem-9859	248	15	metal	metal	NOUN
fbem-9859	248	16	smelting	smelting	NOUN
fbem-9859	248	17	and	and	CCONJ
fbem-9859	248	18	rolling	rolling	ADJ
fbem-9859	248	19	processing	processing	NOUN
fbem-9859	248	20	industry	industry	NOUN
fbem-9859	248	21	,	,	PUNCT
fbem-9859	248	22	nonferrous	nonferrous	ADJ
fbem-9859	248	23	metal	metal	NOUN
fbem-9859	248	24	smelting	smelting	NOUN
fbem-9859	248	25	and	and	CCONJ
fbem-9859	248	26	rolling	rolling	ADJ
fbem-9859	248	27	processing	processing	NOUN
fbem-9859	248	28	industry	industry	NOUN
fbem-9859	248	29	,	,	PUNCT
fbem-9859	248	30	paper	paper	NOUN
fbem-9859	248	31	and	and	CCONJ
fbem-9859	248	32	paper	paper	NOUN
fbem-9859	248	33	products	product	NOUN
fbem-9859	248	34	industry	industry	NOUN
fbem-9859	248	35	,	,	PUNCT
fbem-9859	248	36	and	and	CCONJ
fbem-9859	248	37	pharmaceutical	pharmaceutical	NOUN
fbem-9859	248	38	manufacturing	manufacturing	NOUN
fbem-9859	248	39	industry	industry	NOUN
fbem-9859	248	40	are	be	AUX
fbem-9859	248	41	classified	classify	VERB
fbem-9859	248	42	as	as	ADP
fbem-9859	248	43	highcarbon	highcarbon	NOUN
fbem-9859	248	44	enterprises	enterprise	NOUN
fbem-9859	248	45	,	,	PUNCT
fbem-9859	248	46	and	and	CCONJ
fbem-9859	248	47	enterprises	enterprise	NOUN
fbem-9859	248	48	in	in	ADP
fbem-9859	248	49	other	other	ADJ
fbem-9859	248	50	industries	industry	NOUN
fbem-9859	248	51	are	be	AUX
fbem-9859	248	52	lowcarbon	lowcarbon	NOUN
fbem-9859	248	53	enterprises	enterprise	NOUN
fbem-9859	248	54	.	.	PUNCT
fbem-9859	249	1	the	the	DET
fbem-9859	249	2	heterogeneity	heterogeneity	NOUN
fbem-9859	249	3	results	result	NOUN
fbem-9859	249	4	are	be	AUX
fbem-9859	249	5	shown	show	VERB
fbem-9859	249	6	in	in	ADP
fbem-9859	249	7	table	table	NOUN
fbem-9859	249	8	9	9	NUM
fbem-9859	249	9	,	,	PUNCT
fbem-9859	249	10	the	the	DET
fbem-9859	249	11	did	did	ADJ
fbem-9859	249	12	coefficient	coefficient	NOUN
fbem-9859	249	13	is	be	AUX
fbem-9859	249	14	11.0379	11.0379	NUM
fbem-9859	249	15	in	in	ADP
fbem-9859	249	16	low	low	ADJ
fbem-9859	249	17	carbon	carbon	NOUN
fbem-9859	249	18	enterprises	enterprise	NOUN
fbem-9859	249	19	,	,	PUNCT
fbem-9859	249	20	which	which	PRON
fbem-9859	249	21	is	be	AUX
fbem-9859	249	22	significant	significant	ADJ
fbem-9859	249	23	at	at	ADP
fbem-9859	249	24	the	the	DET
fbem-9859	249	25	5	5	NUM
fbem-9859	249	26	%	%	NOUN
fbem-9859	249	27	level	level	NOUN
fbem-9859	249	28	,	,	PUNCT
fbem-9859	249	29	while	while	SCONJ
fbem-9859	249	30	the	the	DET
fbem-9859	249	31	did	do	AUX
fbem-9859	249	32	coefficient	coefficient	NOUN
fbem-9859	249	33	is	be	AUX
fbem-9859	249	34	not	not	PART
fbem-9859	249	35	significant	significant	ADJ
fbem-9859	249	36	in	in	ADP
fbem-9859	249	37	the	the	DET
fbem-9859	249	38	high	high	ADJ
fbem-9859	249	39	carbon	carbon	NOUN
fbem-9859	249	40	enterprise	enterprise	NOUN
fbem-9859	249	41	group	group	NOUN
fbem-9859	249	42	,	,	PUNCT
fbem-9859	249	43	indicating	indicate	VERB
fbem-9859	249	44	that	that	SCONJ
fbem-9859	249	45	the	the	DET
fbem-9859	249	46	promotion	promotion	NOUN
fbem-9859	249	47	effect	effect	NOUN
fbem-9859	249	48	of	of	ADP
fbem-9859	249	49	carbon	carbon	NOUN
fbem-9859	249	50	trading	trading	NOUN
fbem-9859	249	51	policy	policy	NOUN
fbem-9859	249	52	on	on	ADP
fbem-9859	249	53	green	green	ADJ
fbem-9859	249	54	technology	technology	NOUN
fbem-9859	249	55	innovation	innovation	NOUN
fbem-9859	249	56	is	be	AUX
fbem-9859	249	57	stronger	strong	ADJ
fbem-9859	249	58	and	and	CCONJ
fbem-9859	249	59	more	more	ADV
fbem-9859	249	60	significant	significant	ADJ
fbem-9859	249	61	in	in	ADP
fbem-9859	249	62	low	low	ADJ
fbem-9859	249	63	carbon	carbon	NOUN
fbem-9859	249	64	enterprises	enterprise	NOUN
fbem-9859	249	65	.	.	PUNCT
fbem-9859	250	1	the	the	DET
fbem-9859	250	2	reason	reason	NOUN
fbem-9859	250	3	may	may	AUX
fbem-9859	250	4	be	be	AUX
fbem-9859	250	5	that	that	PRON
fbem-9859	250	6	high	high	ADJ
fbem-9859	250	7	-	-	PUNCT
fbem-9859	250	8	carbon	carbon	NOUN
fbem-9859	250	9	firms	firm	NOUN
fbem-9859	250	10	have	have	VERB
fbem-9859	250	11	higher	high	ADJ
fbem-9859	250	12	emission	emission	NOUN
fbem-9859	250	13	costs	cost	NOUN
fbem-9859	250	14	and	and	CCONJ
fbem-9859	250	15	higher	high	ADJ
fbem-9859	250	16	adjustment	adjustment	NOUN
fbem-9859	250	17	costs	cost	NOUN
fbem-9859	250	18	,	,	PUNCT
fbem-9859	250	19	and	and	CCONJ
fbem-9859	250	20	are	be	AUX
fbem-9859	250	21	slower	slow	ADJ
fbem-9859	250	22	to	to	PART
fbem-9859	250	23	respond	respond	VERB
fbem-9859	250	24	to	to	ADP
fbem-9859	250	25	green	green	ADJ
fbem-9859	250	26	technology	technology	NOUN
fbem-9859	250	27	innovation	innovation	NOUN
fbem-9859	250	28	under	under	ADP
fbem-9859	250	29	the	the	DET
fbem-9859	250	30	incentive	incentive	NOUN
fbem-9859	250	31	of	of	ADP
fbem-9859	250	32	carbon	carbon	NOUN
fbem-9859	250	33	trading	trading	NOUN
fbem-9859	250	34	policy	policy	NOUN
fbem-9859	250	35	,	,	PUNCT
fbem-9859	250	36	while	while	SCONJ
fbem-9859	250	37	low	low	ADJ
fbem-9859	250	38	-	-	PUNCT
fbem-9859	250	39	carbon	carbon	NOUN
fbem-9859	250	40	firms	firm	NOUN
fbem-9859	250	41	have	have	VERB
fbem-9859	250	42	low	low	ADJ
fbem-9859	250	43	environmental	environmental	ADJ
fbem-9859	250	44	technology	technology	NOUN
fbem-9859	250	45	adjustment	adjustment	NOUN
fbem-9859	250	46	costs	cost	NOUN
fbem-9859	250	47	and	and	CCONJ
fbem-9859	250	48	are	be	AUX
fbem-9859	250	49	more	more	ADV
fbem-9859	250	50	likely	likely	ADJ
fbem-9859	250	51	to	to	PART
fbem-9859	250	52	respond	respond	VERB
fbem-9859	250	53	to	to	ADP
fbem-9859	250	54	green	green	ADJ
fbem-9859	250	55	technology	technology	NOUN
fbem-9859	250	56	innovation	innovation	NOUN
fbem-9859	250	57	after	after	SCONJ
fbem-9859	250	58	the	the	DET
fbem-9859	250	59	policy	policy	NOUN
fbem-9859	250	60	is	be	AUX
fbem-9859	250	61	implemented	implement	VERB
fbem-9859	250	62	.	.	PUNCT
fbem-9859	251	1	table	table	NOUN
fbem-9859	251	2	9	9	NUM
fbem-9859	251	3	.	.	PUNCT
fbem-9859	252	1	results	result	NOUN
fbem-9859	252	2	of	of	ADP
fbem-9859	252	3	the	the	DET
fbem-9859	252	4	heterogeneity	heterogeneity	NOUN
fbem-9859	252	5	test	test	NOUN
fbem-9859	252	6	for	for	ADP
fbem-9859	252	7	high	high	ADJ
fbem-9859	252	8	-	-	PUNCT
fbem-9859	252	9	carbon	carbon	NOUN
fbem-9859	252	10	enterprises	enterprise	NOUN
fbem-9859	252	11	/	/	SYM
fbem-9859	252	12	low	low	ADJ
fbem-9859	252	13	-	-	PUNCT
fbem-9859	252	14	carbon	carbon	NOUN
fbem-9859	252	15	enterprises	enterprise	NOUN
fbem-9859	252	16	variables	variable	VERB
fbem-9859	252	17	high	high	ADJ
fbem-9859	252	18	-	-	PUNCT
fbem-9859	252	19	carbon	carbon	NOUN
fbem-9859	252	20	enterprises	enterprise	NOUN
fbem-9859	252	21	low	low	ADJ
fbem-9859	252	22	-	-	PUNCT
fbem-9859	252	23	carbon	carbon	NOUN
fbem-9859	252	24	enterprises	enterprise	NOUN
fbem-9859	252	25	green_patent	green_patent	PROPN
fbem-9859	252	26	green_patent	green_patent	PROPN
fbem-9859	252	27	did	do	VERB
fbem-9859	252	28	2.3689	2.3689	NUM
fbem-9859	252	29	11.0379	11.0379	NUM
fbem-9859	252	30	*	*	SYM
fbem-9859	252	31	*	*	PUNCT
fbem-9859	252	32	(	(	PUNCT
fbem-9859	252	33	2.4988	2.4988	NUM
fbem-9859	252	34	)	)	PUNCT
fbem-9859	252	35	(	(	PUNCT
fbem-9859	252	36	4.7068	4.7068	NUM
fbem-9859	252	37	)	)	PUNCT
fbem-9859	252	38	control	control	NOUN
fbem-9859	252	39	variables	variable	NOUN
fbem-9859	253	1	yes	yes	INTJ
fbem-9859	254	1	yes	yes	INTJ
fbem-9859	254	2	year	year	NOUN
fbem-9859	254	3	fixed	fix	VERB
fbem-9859	254	4	effect	effect	NOUN
fbem-9859	255	1	yes	yes	INTJ
fbem-9859	255	2	yes	yes	INTJ
fbem-9859	255	3	industry	industry	NOUN
fbem-9859	255	4	fixed	fix	VERB
fbem-9859	255	5	effect	effect	NOUN
fbem-9859	256	1	yes	yes	INTJ
fbem-9859	256	2	yes	yes	INTJ
fbem-9859	256	3	r2	r2	PROPN
fbem-9859	256	4	0.0185	0.0185	NUM
fbem-9859	256	5	0.0866	0.0866	NUM
fbem-9859	256	6	n	n	PROPN
fbem-9859	256	7	9510	9510	NUM
fbem-9859	256	8	10625	10625	NUM
fbem-9859	256	9	6.3	6.3	NUM
fbem-9859	256	10	.	.	PUNCT
fbem-9859	257	1	heterogeneity	heterogeneity	NOUN
fbem-9859	257	2	analysis	analysis	NOUN
fbem-9859	257	3	of	of	ADP
fbem-9859	257	4	internal	internal	ADJ
fbem-9859	257	5	control	control	NOUN
fbem-9859	257	6	quality	quality	NOUN
fbem-9859	257	7	the	the	DET
fbem-9859	257	8	quality	quality	NOUN
fbem-9859	257	9	of	of	ADP
fbem-9859	257	10	a	a	DET
fbem-9859	257	11	company	company	NOUN
fbem-9859	257	12	's	's	PART
fbem-9859	257	13	internal	internal	ADJ
fbem-9859	257	14	controls	control	NOUN
fbem-9859	257	15	affects	affect	VERB
fbem-9859	257	16	management	management	NOUN
fbem-9859	257	17	's	's	PART
fbem-9859	257	18	decisions	decision	NOUN
fbem-9859	257	19	,	,	PUNCT
fbem-9859	257	20	which	which	PRON
fbem-9859	257	21	in	in	ADP
fbem-9859	257	22	turn	turn	NOUN
fbem-9859	257	23	affects	affect	VERB
fbem-9859	257	24	technology	technology	NOUN
fbem-9859	257	25	innovation	innovation	NOUN
fbem-9859	257	26	decisions	decision	NOUN
fbem-9859	257	27	and	and	CCONJ
fbem-9859	257	28	ultimately	ultimately	ADV
fbem-9859	257	29	has	have	VERB
fbem-9859	257	30	an	an	DET
fbem-9859	257	31	impact	impact	NOUN
fbem-9859	257	32	on	on	ADP
fbem-9859	257	33	green	green	ADJ
fbem-9859	257	34	innovation	innovation	NOUN
fbem-9859	257	35	activities	activity	NOUN
fbem-9859	257	36	.	.	PUNCT
fbem-9859	258	1	this	this	DET
fbem-9859	258	2	paper	paper	NOUN
fbem-9859	258	3	measures	measure	VERB
fbem-9859	258	4	the	the	DET
fbem-9859	258	5	quality	quality	NOUN
fbem-9859	258	6	of	of	ADP
fbem-9859	258	7	internal	internal	ADJ
fbem-9859	258	8	control	control	NOUN
fbem-9859	258	9	of	of	ADP
fbem-9859	258	10	companies	company	NOUN
fbem-9859	258	11	by	by	ADP
fbem-9859	258	12	using	use	VERB
fbem-9859	258	13	the	the	DET
fbem-9859	258	14	dibble	dibble	ADJ
fbem-9859	258	15	internal	internal	ADJ
fbem-9859	258	16	control	control	NOUN
fbem-9859	258	17	index	index	NOUN
fbem-9859	258	18	and	and	CCONJ
fbem-9859	258	19	divides	divide	VERB
fbem-9859	258	20	the	the	DET
fbem-9859	258	21	sample	sample	NOUN
fbem-9859	258	22	into	into	ADP
fbem-9859	258	23	high	high	ADJ
fbem-9859	258	24	internal	internal	ADJ
fbem-9859	258	25	control	control	NOUN
fbem-9859	258	26	group	group	NOUN
fbem-9859	258	27	and	and	CCONJ
fbem-9859	258	28	low	low	ADJ
fbem-9859	258	29	internal	internal	ADJ
fbem-9859	258	30	control	control	NOUN
fbem-9859	258	31	group	group	NOUN
fbem-9859	258	32	based	base	VERB
fbem-9859	258	33	on	on	ADP
fbem-9859	258	34	the	the	DET
fbem-9859	258	35	average	average	NOUN
fbem-9859	258	36	of	of	ADP
fbem-9859	258	37	the	the	DET
fbem-9859	258	38	internal	internal	PROPN
fbem-9859	258	39	control	control	PROPN
fbem-9859	258	40	index	index	PROPN
fbem-9859	258	41	.	.	PUNCT
fbem-9859	259	1	table	table	NOUN
fbem-9859	259	2	10	10	NUM
fbem-9859	259	3	reports	report	VERB
fbem-9859	259	4	the	the	DET
fbem-9859	259	5	results	result	NOUN
fbem-9859	259	6	of	of	ADP
fbem-9859	259	7	the	the	DET
fbem-9859	259	8	grouped	group	VERB
fbem-9859	259	9	regressions	regression	NOUN
fbem-9859	259	10	.	.	PUNCT
fbem-9859	260	1	the	the	DET
fbem-9859	260	2	did	do	AUX
fbem-9859	260	3	coefficients	coefficient	NOUN
fbem-9859	260	4	of	of	ADP
fbem-9859	260	5	the	the	DET
fbem-9859	260	6	group	group	NOUN
fbem-9859	260	7	with	with	ADP
fbem-9859	260	8	higher	high	ADJ
fbem-9859	260	9	quality	quality	NOUN
fbem-9859	260	10	of	of	ADP
fbem-9859	260	11	internal	internal	ADJ
fbem-9859	260	12	control	control	NOUN
fbem-9859	260	13	are	be	AUX
fbem-9859	260	14	significantly	significantly	ADV
fbem-9859	260	15	positive	positive	ADJ
fbem-9859	260	16	,	,	PUNCT
fbem-9859	260	17	while	while	SCONJ
fbem-9859	260	18	the	the	DET
fbem-9859	260	19	did	do	AUX
fbem-9859	260	20	coefficients	coefficient	NOUN
fbem-9859	260	21	of	of	ADP
fbem-9859	260	22	the	the	DET
fbem-9859	260	23	group	group	NOUN
fbem-9859	260	24	with	with	ADP
fbem-9859	260	25	lower	low	ADJ
fbem-9859	260	26	quality	quality	NOUN
fbem-9859	260	27	of	of	ADP
fbem-9859	260	28	internal	internal	ADJ
fbem-9859	260	29	control	control	NOUN
fbem-9859	260	30	are	be	AUX
fbem-9859	260	31	not	not	PART
fbem-9859	260	32	significant	significant	ADJ
fbem-9859	260	33	,	,	PUNCT
fbem-9859	260	34	indicating	indicate	VERB
fbem-9859	260	35	that	that	SCONJ
fbem-9859	260	36	the	the	DET
fbem-9859	260	37	promotion	promotion	NOUN
fbem-9859	260	38	effect	effect	NOUN
fbem-9859	260	39	of	of	ADP
fbem-9859	260	40	carbon	carbon	NOUN
fbem-9859	260	41	trading	trading	NOUN
fbem-9859	260	42	policy	policy	NOUN
fbem-9859	260	43	on	on	ADP
fbem-9859	260	44	corporate	corporate	ADJ
fbem-9859	260	45	green	green	ADJ
fbem-9859	260	46	technology	technology	NOUN
fbem-9859	260	47	innovation	innovation	NOUN
fbem-9859	260	48	is	be	AUX
fbem-9859	260	49	mainly	mainly	ADV
fbem-9859	260	50	manifested	manifest	VERB
fbem-9859	260	51	in	in	ADP
fbem-9859	260	52	the	the	DET
fbem-9859	260	53	companies	company	NOUN
fbem-9859	260	54	with	with	ADP
fbem-9859	260	55	higher	high	ADJ
fbem-9859	260	56	quality	quality	NOUN
fbem-9859	260	57	of	of	ADP
fbem-9859	260	58	internal	internal	ADJ
fbem-9859	260	59	control	control	NOUN
fbem-9859	260	60	.	.	PUNCT
fbem-9859	261	1	this	this	PRON
fbem-9859	261	2	may	may	AUX
fbem-9859	261	3	be	be	AUX
fbem-9859	261	4	due	due	ADJ
fbem-9859	261	5	to	to	ADP
fbem-9859	261	6	the	the	DET
fbem-9859	261	7	fact	fact	NOUN
fbem-9859	261	8	that	that	SCONJ
fbem-9859	261	9	firms	firm	NOUN
fbem-9859	261	10	with	with	ADP
fbem-9859	261	11	higher	high	ADJ
fbem-9859	261	12	quality	quality	NOUN
fbem-9859	261	13	of	of	ADP
fbem-9859	261	14	internal	internal	ADJ
fbem-9859	261	15	control	control	NOUN
fbem-9859	261	16	have	have	AUX
fbem-9859	261	17	more	more	ADJ
fbem-9859	261	18	scientific	scientific	ADJ
fbem-9859	261	19	management	management	NOUN
fbem-9859	261	20	decisions	decision	NOUN
fbem-9859	261	21	and	and	CCONJ
fbem-9859	261	22	are	be	AUX
fbem-9859	261	23	able	able	ADJ
fbem-9859	261	24	to	to	PART
fbem-9859	261	25	formulate	formulate	VERB
fbem-9859	261	26	more	more	ADJ
fbem-9859	261	27	long	long	ADJ
fbem-9859	261	28	-	-	PUNCT
fbem-9859	261	29	term	term	NOUN
fbem-9859	261	30	corporate	corporate	ADJ
fbem-9859	261	31	development	development	NOUN
fbem-9859	261	32	strategies	strategy	NOUN
fbem-9859	261	33	after	after	SCONJ
fbem-9859	261	34	the	the	DET
fbem-9859	261	35	carbon	carbon	NOUN
fbem-9859	261	36	trading	trading	NOUN
fbem-9859	261	37	policy	policy	NOUN
fbem-9859	261	38	is	be	AUX
fbem-9859	261	39	launched	launch	VERB
fbem-9859	261	40	,	,	PUNCT
fbem-9859	261	41	thus	thus	ADV
fbem-9859	261	42	attaching	attach	VERB
fbem-9859	261	43	importance	importance	NOUN
fbem-9859	261	44	to	to	ADP
fbem-9859	261	45	the	the	DET
fbem-9859	261	46	investment	investment	NOUN
fbem-9859	261	47	in	in	ADP
fbem-9859	261	48	green	green	ADJ
fbem-9859	261	49	technology	technology	NOUN
fbem-9859	261	50	innovation	innovation	NOUN
fbem-9859	261	51	.	.	PUNCT
fbem-9859	262	1	on	on	ADP
fbem-9859	262	2	the	the	DET
fbem-9859	262	3	other	other	ADJ
fbem-9859	262	4	hand	hand	NOUN
fbem-9859	262	5	,	,	PUNCT
fbem-9859	262	6	enterprises	enterprise	NOUN
fbem-9859	262	7	with	with	ADP
fbem-9859	262	8	high	high	ADJ
fbem-9859	262	9	internal	internal	ADJ
fbem-9859	262	10	control	control	NOUN
fbem-9859	262	11	also	also	ADV
fbem-9859	262	12	have	have	VERB
fbem-9859	262	13	relatively	relatively	ADV
fbem-9859	262	14	low	low	ADJ
fbem-9859	262	15	risk	risk	NOUN
fbem-9859	262	16	in	in	ADP
fbem-9859	262	17	conducting	conduct	VERB
fbem-9859	262	18	green	green	ADJ
fbem-9859	262	19	innovation	innovation	NOUN
fbem-9859	262	20	,	,	PUNCT
fbem-9859	262	21	and	and	CCONJ
fbem-9859	262	22	are	be	AUX
fbem-9859	262	23	able	able	ADJ
fbem-9859	262	24	to	to	PART
fbem-9859	262	25	better	well	ADV
fbem-9859	262	26	deploy	deploy	VERB
fbem-9859	262	27	resources	resource	NOUN
fbem-9859	262	28	and	and	CCONJ
fbem-9859	262	29	control	control	NOUN
fbem-9859	262	30	risks	risk	NOUN
fbem-9859	262	31	under	under	ADP
fbem-9859	262	32	the	the	DET
fbem-9859	262	33	pressure	pressure	NOUN
fbem-9859	262	34	of	of	ADP
fbem-9859	262	35	environmental	environmental	ADJ
fbem-9859	262	36	regulation	regulation	NOUN
fbem-9859	262	37	costs	cost	NOUN
fbem-9859	262	38	to	to	PART
fbem-9859	262	39	promote	promote	VERB
fbem-9859	262	40	green	green	ADJ
fbem-9859	262	41	innovation	innovation	NOUN
fbem-9859	262	42	activities	activity	NOUN
fbem-9859	262	43	.	.	PUNCT
fbem-9859	263	1	table	table	NOUN
fbem-9859	263	2	10	10	NUM
fbem-9859	263	3	.	.	PUNCT
fbem-9859	264	1	results	result	NOUN
fbem-9859	264	2	of	of	ADP
fbem-9859	264	3	group	group	NOUN
fbem-9859	264	4	testing	testing	NOUN
fbem-9859	264	5	of	of	ADP
fbem-9859	264	6	internal	internal	ADJ
fbem-9859	264	7	control	control	NOUN
fbem-9859	264	8	heterogeneity	heterogeneity	NOUN
fbem-9859	264	9	variables	variable	VERB
fbem-9859	264	10	high	high	ADJ
fbem-9859	264	11	quality	quality	NOUN
fbem-9859	264	12	of	of	ADP
fbem-9859	264	13	internal	internal	ADJ
fbem-9859	264	14	control	control	NOUN
fbem-9859	264	15	low	low	ADJ
fbem-9859	264	16	quality	quality	NOUN
fbem-9859	264	17	of	of	ADP
fbem-9859	264	18	internal	internal	ADJ
fbem-9859	264	19	control	control	NOUN
fbem-9859	264	20	green_patent	green_patent	PROPN
fbem-9859	264	21	green_patent	green_patent	PROPN
fbem-9859	264	22	did	do	VERB
fbem-9859	264	23	7.7236	7.7236	NUM
fbem-9859	264	24	*	*	PUNCT
fbem-9859	264	25	*	*	PUNCT
fbem-9859	264	26	-2.4280	-2.4280	PROPN
fbem-9859	264	27	(	(	PUNCT
fbem-9859	264	28	3.0145	3.0145	NUM
fbem-9859	264	29	)	)	PUNCT
fbem-9859	264	30	(	(	PUNCT
fbem-9859	264	31	2.1390	2.1390	NUM
fbem-9859	264	32	)	)	PUNCT
fbem-9859	264	33	control	control	NOUN
fbem-9859	264	34	variables	variable	NOUN
fbem-9859	265	1	yes	yes	INTJ
fbem-9859	266	1	yes	yes	INTJ
fbem-9859	266	2	year	year	NOUN
fbem-9859	266	3	fixed	fix	VERB
fbem-9859	266	4	effect	effect	NOUN
fbem-9859	267	1	yes	yes	INTJ
fbem-9859	267	2	yes	yes	INTJ
fbem-9859	267	3	industry	industry	NOUN
fbem-9859	267	4	fixed	fix	VERB
fbem-9859	267	5	effect	effect	NOUN
fbem-9859	268	1	yes	yes	INTJ
fbem-9859	268	2	yes	yes	INTJ
fbem-9859	268	3	r2	r2	PROPN
fbem-9859	268	4	0.0537	0.0537	NUM
fbem-9859	268	5	0.1256	0.1256	NUM
fbem-9859	268	6	n	n	PROPN
fbem-9859	268	7	18466	18466	NUM
fbem-9859	268	8	1669	1669	NUM
fbem-9859	268	9	7	7	NUM
fbem-9859	268	10	.	.	PUNCT
fbem-9859	269	1	conclusion	conclusion	NOUN
fbem-9859	269	2	and	and	CCONJ
fbem-9859	269	3	insights	insight	NOUN
fbem-9859	269	4	taking	take	VERB
fbem-9859	269	5	the	the	DET
fbem-9859	269	6	green	green	PROPN
fbem-9859	269	7	patent	patent	NOUN
fbem-9859	269	8	data	datum	NOUN
fbem-9859	269	9	of	of	ADP
fbem-9859	269	10	listed	list	VERB
fbem-9859	269	11	companies	company	NOUN
fbem-9859	269	12	as	as	ADP
fbem-9859	269	13	the	the	DET
fbem-9859	269	14	research	research	NOUN
fbem-9859	269	15	object	object	NOUN
fbem-9859	269	16	and	and	CCONJ
fbem-9859	269	17	adopting	adopt	VERB
fbem-9859	269	18	the	the	DET
fbem-9859	269	19	carbon	carbon	NOUN
fbem-9859	269	20	emission	emission	NOUN
fbem-9859	269	21	trading	trading	NOUN
fbem-9859	269	22	pilot	pilot	NOUN
fbem-9859	269	23	policy	policy	NOUN
fbem-9859	269	24	as	as	ADP
fbem-9859	269	25	a	a	DET
fbem-9859	269	26	quasi	quasi	ADJ
fbem-9859	269	27	-	-	ADJ
fbem-9859	269	28	natural	natural	ADJ
fbem-9859	269	29	experiment	experiment	NOUN
fbem-9859	269	30	,	,	PUNCT
fbem-9859	269	31	this	this	DET
fbem-9859	269	32	paper	paper	NOUN
fbem-9859	269	33	constructs	construct	VERB
fbem-9859	269	34	a	a	DET
fbem-9859	269	35	multi	multi	ADJ
fbem-9859	269	36	-	-	ADJ
fbem-9859	269	37	point	point	ADJ
fbem-9859	269	38	double	double	ADJ
fbem-9859	269	39	difference	difference	NOUN
fbem-9859	269	40	model	model	NOUN
fbem-9859	269	41	to	to	PART
fbem-9859	269	42	study	study	VERB
fbem-9859	269	43	the	the	DET
fbem-9859	269	44	impact	impact	NOUN
fbem-9859	269	45	of	of	ADP
fbem-9859	269	46	carbon	carbon	NOUN
fbem-9859	269	47	trading	trading	NOUN
fbem-9859	269	48	policy	policy	NOUN
fbem-9859	269	49	on	on	ADP
fbem-9859	269	50	the	the	DET
fbem-9859	269	51	green	green	PROPN
fbem-9859	269	52	technology	technology	PROPN
fbem-9859	269	53	innovation	innovation	NOUN
fbem-9859	269	54	of	of	ADP
fbem-9859	269	55	enterprises	enterprise	NOUN
fbem-9859	269	56	and	and	CCONJ
fbem-9859	269	57	elaborates	elaborate	VERB
fbem-9859	269	58	the	the	DET
fbem-9859	269	59	regulating	regulate	VERB
fbem-9859	269	60	role	role	NOUN
fbem-9859	269	61	of	of	ADP
fbem-9859	269	62	market	market	NOUN
fbem-9859	269	63	mechanism	mechanism	NOUN
fbem-9859	269	64	in	in	ADP
fbem-9859	269	65	this	this	DET
fbem-9859	269	66	process	process	NOUN
fbem-9859	269	67	from	from	ADP
fbem-9859	269	68	the	the	DET
fbem-9859	269	69	perspectives	perspective	NOUN
fbem-9859	269	70	of	of	ADP
fbem-9859	269	71	carbon	carbon	NOUN
fbem-9859	269	72	price	price	NOUN
fbem-9859	269	73	,	,	PUNCT
fbem-9859	269	74	carbon	carbon	NOUN
fbem-9859	269	75	market	market	NOUN
fbem-9859	269	76	liquidity	liquidity	NOUN
fbem-9859	269	77	,	,	PUNCT
fbem-9859	269	78	and	and	CCONJ
fbem-9859	269	79	carbon	carbon	NOUN
fbem-9859	269	80	market	market	NOUN
fbem-9859	269	81	size	size	NOUN
fbem-9859	269	82	.	.	PUNCT
fbem-9859	270	1	we	we	PRON
fbem-9859	270	2	also	also	ADV
fbem-9859	270	3	further	far	ADV
fbem-9859	270	4	analyze	analyze	VERB
fbem-9859	270	5	the	the	DET
fbem-9859	270	6	differences	difference	NOUN
fbem-9859	270	7	between	between	ADP
fbem-9859	270	8	high	high	ADJ
fbem-9859	270	9	-	-	PUNCT
fbem-9859	270	10	tech	tech	NOUN
fbem-9859	270	11	enterprises	enterprise	NOUN
fbem-9859	270	12	and	and	CCONJ
fbem-9859	270	13	non	non	ADJ
fbem-9859	270	14	-	-	ADJ
fbem-9859	270	15	high	high	ADJ
fbem-9859	270	16	-	-	PUNCT
fbem-9859	270	17	tech	tech	NOUN
fbem-9859	270	18	enterprises	enterprise	NOUN
fbem-9859	270	19	,	,	PUNCT
fbem-9859	270	20	high	high	ADJ
fbem-9859	270	21	-	-	PUNCT
fbem-9859	270	22	carbon	carbon	NOUN
fbem-9859	270	23	enterprises	enterprise	NOUN
fbem-9859	270	24	and	and	CCONJ
fbem-9859	270	25	low	low	ADJ
fbem-9859	270	26	-	-	PUNCT
fbem-9859	270	27	carbon	carbon	NOUN
fbem-9859	270	28	enterprises	enterprise	NOUN
fbem-9859	270	29	,	,	PUNCT
fbem-9859	270	30	and	and	CCONJ
fbem-9859	270	31	high	high	ADJ
fbem-9859	270	32	-	-	PUNCT
fbem-9859	270	33	internalcontrol	internalcontrol	NOUN
fbem-9859	270	34	enterprises	enterprise	NOUN
fbem-9859	270	35	and	and	CCONJ
fbem-9859	270	36	low	low	ADJ
fbem-9859	270	37	-	-	PUNCT
fbem-9859	270	38	internal	internal	ADJ
fbem-9859	270	39	-	-	PUNCT
fbem-9859	270	40	control	control	NOUN
fbem-9859	270	41	enterprises	enterprise	NOUN
fbem-9859	270	42	with	with	ADP
fbem-9859	270	43	respect	respect	NOUN
fbem-9859	270	44	to	to	ADP
fbem-9859	270	45	the	the	DET
fbem-9859	270	46	micro	micro	ADJ
fbem-9859	270	47	characteristics	characteristic	NOUN
fbem-9859	270	48	of	of	ADP
fbem-9859	270	49	enterprises	enterprise	NOUN
fbem-9859	270	50	.	.	PUNCT
fbem-9859	271	1	the	the	DET
fbem-9859	271	2	findings	finding	NOUN
fbem-9859	271	3	of	of	ADP
fbem-9859	271	4	this	this	DET
fbem-9859	271	5	paper	paper	NOUN
fbem-9859	271	6	suggest	suggest	VERB
fbem-9859	271	7	that	that	SCONJ
fbem-9859	271	8	:	:	PUNCT
fbem-9859	271	9	(	(	PUNCT
fbem-9859	271	10	1	1	X
fbem-9859	271	11	)	)	PUNCT
fbem-9859	271	12	carbon	carbon	NOUN
fbem-9859	271	13	trading	trading	NOUN
fbem-9859	271	14	48	48	NUM
fbem-9859	271	15	policy	policy	NOUN
fbem-9859	271	16	can	can	AUX
fbem-9859	271	17	significantly	significantly	ADV
fbem-9859	271	18	promote	promote	VERB
fbem-9859	271	19	enterprises	enterprise	NOUN
fbem-9859	271	20	'	'	PART
fbem-9859	271	21	green	green	ADJ
fbem-9859	271	22	technology	technology	NOUN
fbem-9859	271	23	innovation	innovation	NOUN
fbem-9859	271	24	,	,	PUNCT
fbem-9859	271	25	and	and	CCONJ
fbem-9859	271	26	this	this	DET
fbem-9859	271	27	promotion	promotion	NOUN
fbem-9859	271	28	effect	effect	NOUN
fbem-9859	271	29	still	still	ADV
fbem-9859	271	30	holds	hold	VERB
fbem-9859	271	31	after	after	ADP
fbem-9859	271	32	the	the	DET
fbem-9859	271	33	robustness	robustness	NOUN
fbem-9859	271	34	test	test	NOUN
fbem-9859	271	35	;	;	PUNCT
fbem-9859	271	36	(	(	PUNCT
fbem-9859	271	37	2	2	X
fbem-9859	271	38	)	)	PUNCT
fbem-9859	271	39	the	the	PRON
fbem-9859	271	40	higher	high	ADJ
fbem-9859	271	41	the	the	DET
fbem-9859	271	42	price	price	NOUN
fbem-9859	271	43	of	of	ADP
fbem-9859	271	44	carbon	carbon	NOUN
fbem-9859	271	45	and	and	CCONJ
fbem-9859	271	46	the	the	DET
fbem-9859	271	47	larger	large	ADJ
fbem-9859	271	48	the	the	DET
fbem-9859	271	49	scale	scale	NOUN
fbem-9859	271	50	of	of	ADP
fbem-9859	271	51	carbon	carbon	NOUN
fbem-9859	271	52	trading	trading	NOUN
fbem-9859	271	53	,	,	PUNCT
fbem-9859	271	54	the	the	PRON
fbem-9859	271	55	stronger	strong	ADJ
fbem-9859	271	56	the	the	DET
fbem-9859	271	57	impact	impact	NOUN
fbem-9859	271	58	of	of	ADP
fbem-9859	271	59	carbon	carbon	NOUN
fbem-9859	271	60	emission	emission	NOUN
fbem-9859	271	61	rights	right	NOUN
fbem-9859	271	62	on	on	ADP
fbem-9859	271	63	enterprises	enterprise	NOUN
fbem-9859	271	64	'	'	PART
fbem-9859	271	65	green	green	ADJ
fbem-9859	271	66	technology	technology	NOUN
fbem-9859	271	67	innovation	innovation	NOUN
fbem-9859	271	68	,	,	PUNCT
fbem-9859	271	69	and	and	CCONJ
fbem-9859	271	70	the	the	DET
fbem-9859	271	71	market	market	NOUN
fbem-9859	271	72	mechanism	mechanism	NOUN
fbem-9859	271	73	measured	measure	VERB
fbem-9859	271	74	by	by	ADP
fbem-9859	271	75	carbon	carbon	NOUN
fbem-9859	271	76	market	market	NOUN
fbem-9859	271	77	liquidity	liquidity	NOUN
fbem-9859	271	78	partially	partially	ADV
fbem-9859	271	79	explains	explain	VERB
fbem-9859	271	80	the	the	DET
fbem-9859	271	81	promotion	promotion	NOUN
fbem-9859	271	82	effect	effect	NOUN
fbem-9859	271	83	of	of	ADP
fbem-9859	271	84	green	green	ADJ
fbem-9859	271	85	technology	technology	NOUN
fbem-9859	271	86	innovation	innovation	NOUN
fbem-9859	271	87	;	;	PUNCT
fbem-9859	271	88	(	(	PUNCT
fbem-9859	271	89	3	3	X
fbem-9859	271	90	)	)	PUNCT
fbem-9859	271	91	further	further	ADJ
fbem-9859	271	92	analysis	analysis	NOUN
fbem-9859	271	93	shows	show	VERB
fbem-9859	271	94	that	that	SCONJ
fbem-9859	271	95	the	the	DET
fbem-9859	271	96	promotion	promotion	NOUN
fbem-9859	271	97	effect	effect	NOUN
fbem-9859	271	98	of	of	ADP
fbem-9859	271	99	carbon	carbon	NOUN
fbem-9859	271	100	trading	trading	NOUN
fbem-9859	271	101	policy	policy	NOUN
fbem-9859	271	102	on	on	ADP
fbem-9859	271	103	enterprises	enterprise	NOUN
fbem-9859	271	104	'	'	PART
fbem-9859	271	105	green	green	ADJ
fbem-9859	271	106	technology	technology	NOUN
fbem-9859	271	107	innovation	innovation	NOUN
fbem-9859	271	108	is	be	AUX
fbem-9859	271	109	mainly	mainly	ADV
fbem-9859	271	110	manifested	manifest	VERB
fbem-9859	271	111	in	in	ADP
fbem-9859	271	112	nonhigh	nonhigh	ADJ
fbem-9859	271	113	-	-	PUNCT
fbem-9859	271	114	tech	tech	NOUN
fbem-9859	271	115	enterprises	enterprise	NOUN
fbem-9859	271	116	,	,	PUNCT
fbem-9859	271	117	low	low	ADJ
fbem-9859	271	118	-	-	PUNCT
fbem-9859	271	119	carbon	carbon	NOUN
fbem-9859	271	120	enterprises	enterprise	NOUN
fbem-9859	271	121	,	,	PUNCT
fbem-9859	271	122	and	and	CCONJ
fbem-9859	271	123	enterprises	enterprise	NOUN
fbem-9859	271	124	with	with	ADP
fbem-9859	271	125	high	high	ADJ
fbem-9859	271	126	internal	internal	ADJ
fbem-9859	271	127	control	control	NOUN
fbem-9859	271	128	.	.	PUNCT
fbem-9859	272	1	based	base	VERB
fbem-9859	272	2	on	on	ADP
fbem-9859	272	3	the	the	DET
fbem-9859	272	4	above	above	ADJ
fbem-9859	272	5	findings	finding	NOUN
fbem-9859	272	6	,	,	PUNCT
fbem-9859	272	7	this	this	DET
fbem-9859	272	8	paper	paper	NOUN
fbem-9859	272	9	proposes	propose	VERB
fbem-9859	272	10	the	the	DET
fbem-9859	272	11	following	follow	VERB
fbem-9859	272	12	implications	implication	NOUN
fbem-9859	272	13	:	:	PUNCT
fbem-9859	272	14	for	for	ADP
fbem-9859	272	15	the	the	DET
fbem-9859	272	16	government	government	NOUN
fbem-9859	272	17	,	,	PUNCT
fbem-9859	272	18	it	it	PRON
fbem-9859	272	19	should	should	AUX
fbem-9859	272	20	continue	continue	VERB
fbem-9859	272	21	to	to	PART
fbem-9859	272	22	promote	promote	VERB
fbem-9859	272	23	the	the	DET
fbem-9859	272	24	construction	construction	NOUN
fbem-9859	272	25	of	of	ADP
fbem-9859	272	26	the	the	DET
fbem-9859	272	27	national	national	ADJ
fbem-9859	272	28	carbon	carbon	NOUN
fbem-9859	272	29	emission	emission	NOUN
fbem-9859	272	30	trading	trading	NOUN
fbem-9859	272	31	market	market	NOUN
fbem-9859	272	32	and	and	CCONJ
fbem-9859	272	33	expand	expand	VERB
fbem-9859	272	34	the	the	DET
fbem-9859	272	35	green	green	ADJ
fbem-9859	272	36	innovation	innovation	NOUN
fbem-9859	272	37	effect	effect	NOUN
fbem-9859	272	38	of	of	ADP
fbem-9859	272	39	carbon	carbon	NOUN
fbem-9859	272	40	trading	trading	NOUN
fbem-9859	272	41	policy	policy	NOUN
fbem-9859	272	42	.	.	PUNCT
fbem-9859	273	1	the	the	DET
fbem-9859	273	2	results	result	NOUN
fbem-9859	273	3	have	have	AUX
fbem-9859	273	4	shown	show	VERB
fbem-9859	273	5	that	that	SCONJ
fbem-9859	273	6	carbon	carbon	NOUN
fbem-9859	273	7	emission	emission	NOUN
fbem-9859	273	8	trading	trading	NOUN
fbem-9859	273	9	policies	policy	NOUN
fbem-9859	273	10	have	have	AUX
fbem-9859	273	11	made	make	VERB
fbem-9859	273	12	significant	significant	ADJ
fbem-9859	273	13	contributions	contribution	NOUN
fbem-9859	273	14	to	to	ADP
fbem-9859	273	15	the	the	DET
fbem-9859	273	16	green	green	ADJ
fbem-9859	273	17	and	and	CCONJ
fbem-9859	273	18	sustainable	sustainable	ADJ
fbem-9859	273	19	development	development	NOUN
fbem-9859	273	20	of	of	ADP
fbem-9859	273	21	enterprises	enterprise	NOUN
fbem-9859	273	22	,	,	PUNCT
fbem-9859	273	23	while	while	SCONJ
fbem-9859	273	24	the	the	DET
fbem-9859	273	25	national	national	ADJ
fbem-9859	273	26	carbon	carbon	NOUN
fbem-9859	273	27	trading	trading	NOUN
fbem-9859	273	28	market	market	NOUN
fbem-9859	273	29	is	be	AUX
fbem-9859	273	30	still	still	ADV
fbem-9859	273	31	in	in	ADP
fbem-9859	273	32	its	its	PRON
fbem-9859	273	33	initial	initial	ADJ
fbem-9859	273	34	stage	stage	NOUN
fbem-9859	273	35	,	,	PUNCT
fbem-9859	273	36	the	the	DET
fbem-9859	273	37	exploration	exploration	NOUN
fbem-9859	273	38	of	of	ADP
fbem-9859	273	39	initial	initial	ADJ
fbem-9859	273	40	allocation	allocation	NOUN
fbem-9859	273	41	,	,	PUNCT
fbem-9859	273	42	market	market	NOUN
fbem-9859	273	43	trading	trading	NOUN
fbem-9859	273	44	,	,	PUNCT
fbem-9859	273	45	supporting	support	VERB
fbem-9859	273	46	services	service	NOUN
fbem-9859	273	47	and	and	CCONJ
fbem-9859	273	48	other	other	ADJ
fbem-9859	273	49	systems	system	NOUN
fbem-9859	273	50	should	should	AUX
fbem-9859	273	51	be	be	AUX
fbem-9859	273	52	accelerated	accelerate	VERB
fbem-9859	273	53	to	to	PART
fbem-9859	273	54	promote	promote	VERB
fbem-9859	273	55	the	the	DET
fbem-9859	273	56	development	development	NOUN
fbem-9859	273	57	and	and	CCONJ
fbem-9859	273	58	improvement	improvement	NOUN
fbem-9859	273	59	of	of	ADP
fbem-9859	273	60	supporting	support	VERB
fbem-9859	273	61	policies	policy	NOUN
fbem-9859	273	62	and	and	CCONJ
fbem-9859	273	63	expand	expand	VERB
fbem-9859	273	64	the	the	DET
fbem-9859	273	65	enterprises	enterprise	NOUN
fbem-9859	273	66	included	include	VERB
fbem-9859	273	67	in	in	ADP
fbem-9859	273	68	the	the	DET
fbem-9859	273	69	carbon	carbon	NOUN
fbem-9859	273	70	trading	trading	NOUN
fbem-9859	273	71	system	system	NOUN
fbem-9859	273	72	so	so	SCONJ
fbem-9859	273	73	that	that	SCONJ
fbem-9859	273	74	the	the	DET
fbem-9859	273	75	policies	policy	NOUN
fbem-9859	273	76	can	can	AUX
fbem-9859	273	77	play	play	VERB
fbem-9859	273	78	a	a	DET
fbem-9859	273	79	greater	great	ADJ
fbem-9859	273	80	role	role	NOUN
fbem-9859	273	81	.	.	PUNCT
fbem-9859	274	1	at	at	ADP
fbem-9859	274	2	the	the	DET
fbem-9859	274	3	same	same	ADJ
fbem-9859	274	4	time	time	NOUN
fbem-9859	274	5	,	,	PUNCT
fbem-9859	274	6	the	the	DET
fbem-9859	274	7	government	government	NOUN
fbem-9859	274	8	should	should	AUX
fbem-9859	274	9	optimize	optimize	VERB
fbem-9859	274	10	the	the	DET
fbem-9859	274	11	carbon	carbon	NOUN
fbem-9859	274	12	market	market	NOUN
fbem-9859	274	13	environment	environment	NOUN
fbem-9859	274	14	and	and	CCONJ
fbem-9859	274	15	system	system	NOUN
fbem-9859	274	16	design	design	NOUN
fbem-9859	274	17	.	.	PUNCT
fbem-9859	275	1	at	at	ADP
fbem-9859	275	2	present	present	ADJ
fbem-9859	275	3	,	,	PUNCT
fbem-9859	275	4	there	there	PRON
fbem-9859	275	5	are	be	VERB
fbem-9859	275	6	large	large	ADJ
fbem-9859	275	7	differences	difference	NOUN
fbem-9859	275	8	in	in	ADP
fbem-9859	275	9	carbon	carbon	NOUN
fbem-9859	275	10	prices	price	NOUN
fbem-9859	275	11	,	,	PUNCT
fbem-9859	275	12	carbon	carbon	NOUN
fbem-9859	275	13	market	market	NOUN
fbem-9859	275	14	liquidity	liquidity	NOUN
fbem-9859	275	15	and	and	CCONJ
fbem-9859	275	16	carbon	carbon	NOUN
fbem-9859	275	17	trading	trading	NOUN
fbem-9859	275	18	scale	scale	NOUN
fbem-9859	275	19	among	among	ADP
fbem-9859	275	20	the	the	DET
fbem-9859	275	21	eight	eight	NUM
fbem-9859	275	22	major	major	ADJ
fbem-9859	275	23	carbon	carbon	NOUN
fbem-9859	275	24	markets	market	NOUN
fbem-9859	275	25	in	in	ADP
fbem-9859	275	26	china	china	PROPN
fbem-9859	275	27	,	,	PUNCT
fbem-9859	275	28	and	and	CCONJ
fbem-9859	275	29	it	it	PRON
fbem-9859	275	30	is	be	AUX
fbem-9859	275	31	necessary	necessary	ADJ
fbem-9859	275	32	to	to	PART
fbem-9859	275	33	adhere	adhere	VERB
fbem-9859	275	34	to	to	ADP
fbem-9859	275	35	market	market	NOUN
fbem-9859	275	36	orientation	orientation	NOUN
fbem-9859	275	37	and	and	CCONJ
fbem-9859	275	38	give	give	VERB
fbem-9859	275	39	full	full	ADJ
fbem-9859	275	40	play	play	NOUN
fbem-9859	275	41	to	to	ADP
fbem-9859	275	42	the	the	DET
fbem-9859	275	43	incentive	incentive	ADJ
fbem-9859	275	44	role	role	NOUN
fbem-9859	275	45	of	of	ADP
fbem-9859	275	46	market	market	NOUN
fbem-9859	275	47	mechanism	mechanism	NOUN
fbem-9859	275	48	.	.	PUNCT
fbem-9859	276	1	it	it	PRON
fbem-9859	276	2	is	be	AUX
fbem-9859	276	3	necessary	necessary	ADJ
fbem-9859	276	4	to	to	PART
fbem-9859	276	5	implement	implement	VERB
fbem-9859	276	6	the	the	DET
fbem-9859	276	7	principle	principle	NOUN
fbem-9859	276	8	of	of	ADP
fbem-9859	276	9	moderately	moderately	ADV
fbem-9859	276	10	tight	tight	ADJ
fbem-9859	276	11	carbon	carbon	NOUN
fbem-9859	276	12	quota	quota	NOUN
fbem-9859	276	13	allocation	allocation	NOUN
fbem-9859	276	14	,	,	PUNCT
fbem-9859	276	15	reasonably	reasonably	ADV
fbem-9859	276	16	allocate	allocate	VERB
fbem-9859	276	17	carbon	carbon	NOUN
fbem-9859	276	18	quotas	quota	NOUN
fbem-9859	276	19	,	,	PUNCT
fbem-9859	276	20	effectively	effectively	ADV
fbem-9859	276	21	promote	promote	VERB
fbem-9859	276	22	carbon	carbon	NOUN
fbem-9859	276	23	prices	price	NOUN
fbem-9859	276	24	,	,	PUNCT
fbem-9859	276	25	and	and	CCONJ
fbem-9859	276	26	convey	convey	VERB
fbem-9859	276	27	positive	positive	ADJ
fbem-9859	276	28	green	green	ADJ
fbem-9859	276	29	innovation	innovation	NOUN
fbem-9859	276	30	investment	investment	NOUN
fbem-9859	276	31	signals	signal	NOUN
fbem-9859	276	32	to	to	ADP
fbem-9859	276	33	enterprises	enterprise	NOUN
fbem-9859	276	34	;	;	PUNCT
fbem-9859	276	35	at	at	ADP
fbem-9859	276	36	the	the	DET
fbem-9859	276	37	same	same	ADJ
fbem-9859	276	38	time	time	NOUN
fbem-9859	276	39	,	,	PUNCT
fbem-9859	276	40	establish	establish	VERB
fbem-9859	276	41	and	and	CCONJ
fbem-9859	276	42	improve	improve	VERB
fbem-9859	276	43	the	the	DET
fbem-9859	276	44	financial	financial	ADJ
fbem-9859	276	45	derivatives	derivative	NOUN
fbem-9859	276	46	trading	trading	NOUN
fbem-9859	276	47	mechanism	mechanism	NOUN
fbem-9859	276	48	of	of	ADP
fbem-9859	276	49	the	the	DET
fbem-9859	276	50	carbon	carbon	NOUN
fbem-9859	276	51	market	market	NOUN
fbem-9859	276	52	,	,	PUNCT
fbem-9859	276	53	activate	activate	VERB
fbem-9859	276	54	the	the	DET
fbem-9859	276	55	carbon	carbon	NOUN
fbem-9859	276	56	market	market	NOUN
fbem-9859	276	57	,	,	PUNCT
fbem-9859	276	58	expand	expand	VERB
fbem-9859	276	59	the	the	DET
fbem-9859	276	60	trading	trading	NOUN
fbem-9859	276	61	scale	scale	NOUN
fbem-9859	276	62	and	and	CCONJ
fbem-9859	276	63	number	number	NOUN
fbem-9859	276	64	of	of	ADP
fbem-9859	276	65	trading	trading	NOUN
fbem-9859	276	66	days	day	NOUN
fbem-9859	276	67	,	,	PUNCT
fbem-9859	276	68	and	and	CCONJ
fbem-9859	276	69	more	more	ADV
fbem-9859	276	70	efficiently	efficiently	ADV
fbem-9859	276	71	play	play	VERB
fbem-9859	276	72	the	the	DET
fbem-9859	276	73	role	role	NOUN
fbem-9859	276	74	of	of	ADP
fbem-9859	276	75	the	the	DET
fbem-9859	276	76	carbon	carbon	NOUN
fbem-9859	276	77	market	market	NOUN
fbem-9859	276	78	in	in	ADP
fbem-9859	276	79	promoting	promote	VERB
fbem-9859	276	80	green	green	ADJ
fbem-9859	276	81	innovation	innovation	NOUN
fbem-9859	276	82	.	.	PUNCT
fbem-9859	277	1	government	government	NOUN
fbem-9859	277	2	departments	department	NOUN
fbem-9859	277	3	should	should	AUX
fbem-9859	277	4	provide	provide	VERB
fbem-9859	277	5	differentiated	differentiated	ADJ
fbem-9859	277	6	policies	policy	NOUN
fbem-9859	277	7	for	for	ADP
fbem-9859	277	8	enterprises	enterprise	NOUN
fbem-9859	277	9	with	with	ADP
fbem-9859	277	10	different	different	ADJ
fbem-9859	277	11	micro	micro	ADJ
fbem-9859	277	12	characteristics	characteristic	NOUN
fbem-9859	277	13	and	and	CCONJ
fbem-9859	277	14	strengthen	strengthen	VERB
fbem-9859	277	15	the	the	DET
fbem-9859	277	16	regulation	regulation	NOUN
fbem-9859	277	17	of	of	ADP
fbem-9859	277	18	the	the	DET
fbem-9859	277	19	carbon	carbon	NOUN
fbem-9859	277	20	market	market	NOUN
fbem-9859	277	21	.	.	PUNCT
fbem-9859	278	1	for	for	ADP
fbem-9859	278	2	hightech	hightech	ADJ
fbem-9859	278	3	enterprises	enterprise	NOUN
fbem-9859	278	4	and	and	CCONJ
fbem-9859	278	5	high	high	ADJ
fbem-9859	278	6	-	-	PUNCT
fbem-9859	278	7	carbon	carbon	NOUN
fbem-9859	278	8	enterprises	enterprise	NOUN
fbem-9859	278	9	,	,	PUNCT
fbem-9859	278	10	they	they	PRON
fbem-9859	278	11	should	should	AUX
fbem-9859	278	12	be	be	AUX
fbem-9859	278	13	reasonably	reasonably	ADV
fbem-9859	278	14	guided	guide	VERB
fbem-9859	278	15	to	to	PART
fbem-9859	278	16	carry	carry	VERB
fbem-9859	278	17	out	out	ADP
fbem-9859	278	18	green	green	ADJ
fbem-9859	278	19	innovation	innovation	NOUN
fbem-9859	278	20	activities	activity	NOUN
fbem-9859	278	21	,	,	PUNCT
fbem-9859	278	22	improve	improve	VERB
fbem-9859	278	23	their	their	PRON
fbem-9859	278	24	green	green	ADJ
fbem-9859	278	25	innovation	innovation	NOUN
fbem-9859	278	26	awareness	awareness	NOUN
fbem-9859	278	27	and	and	CCONJ
fbem-9859	278	28	increase	increase	VERB
fbem-9859	278	29	their	their	PRON
fbem-9859	278	30	green	green	ADJ
fbem-9859	278	31	innovation	innovation	NOUN
fbem-9859	278	32	investment	investment	NOUN
fbem-9859	278	33	level	level	NOUN
fbem-9859	278	34	;	;	PUNCT
fbem-9859	278	35	for	for	ADP
fbem-9859	278	36	non	non	ADJ
fbem-9859	278	37	-	-	ADJ
fbem-9859	278	38	high	high	ADJ
fbem-9859	278	39	-	-	PUNCT
fbem-9859	278	40	tech	tech	NOUN
fbem-9859	278	41	enterprises	enterprise	NOUN
fbem-9859	278	42	and	and	CCONJ
fbem-9859	278	43	low	low	ADJ
fbem-9859	278	44	-	-	PUNCT
fbem-9859	278	45	carbon	carbon	NOUN
fbem-9859	278	46	enterprises	enterprise	NOUN
fbem-9859	278	47	,	,	PUNCT
fbem-9859	278	48	government	government	NOUN
fbem-9859	278	49	departments	department	NOUN
fbem-9859	278	50	should	should	AUX
fbem-9859	278	51	strengthen	strengthen	VERB
fbem-9859	278	52	support	support	NOUN
fbem-9859	278	53	for	for	ADP
fbem-9859	278	54	their	their	PRON
fbem-9859	278	55	technological	technological	ADJ
fbem-9859	278	56	innovation	innovation	NOUN
fbem-9859	278	57	and	and	CCONJ
fbem-9859	278	58	optimize	optimize	VERB
fbem-9859	278	59	their	their	PRON
fbem-9859	278	60	green	green	ADJ
fbem-9859	278	61	innovation	innovation	NOUN
fbem-9859	278	62	investment	investment	NOUN
fbem-9859	278	63	environment	environment	NOUN
fbem-9859	278	64	.	.	PUNCT
fbem-9859	279	1	at	at	ADP
fbem-9859	279	2	the	the	DET
fbem-9859	279	3	same	same	ADJ
fbem-9859	279	4	time	time	NOUN
fbem-9859	279	5	,	,	PUNCT
fbem-9859	279	6	a	a	DET
fbem-9859	279	7	perfect	perfect	ADJ
fbem-9859	279	8	carbon	carbon	NOUN
fbem-9859	279	9	market	market	NOUN
fbem-9859	279	10	supervision	supervision	NOUN
fbem-9859	279	11	system	system	NOUN
fbem-9859	279	12	should	should	AUX
fbem-9859	279	13	be	be	AUX
fbem-9859	279	14	established	establish	VERB
fbem-9859	279	15	to	to	PART
fbem-9859	279	16	reduce	reduce	VERB
fbem-9859	279	17	the	the	DET
fbem-9859	279	18	risk	risk	NOUN
fbem-9859	279	19	and	and	CCONJ
fbem-9859	279	20	uncertainty	uncertainty	NOUN
fbem-9859	279	21	of	of	ADP
fbem-9859	279	22	green	green	ADJ
fbem-9859	279	23	innovation	innovation	NOUN
fbem-9859	279	24	investment	investment	NOUN
fbem-9859	279	25	by	by	ADP
fbem-9859	279	26	enterprises	enterprise	NOUN
fbem-9859	279	27	.	.	PUNCT
fbem-9859	280	1	for	for	ADP
fbem-9859	280	2	enterprises	enterprise	NOUN
fbem-9859	280	3	,	,	PUNCT
fbem-9859	280	4	micro	micro	ADJ
fbem-9859	280	5	business	business	NOUN
fbem-9859	280	6	entities	entity	NOUN
fbem-9859	280	7	should	should	AUX
fbem-9859	280	8	improve	improve	VERB
fbem-9859	280	9	their	their	PRON
fbem-9859	280	10	internal	internal	ADJ
fbem-9859	280	11	management	management	NOUN
fbem-9859	280	12	systems	system	NOUN
fbem-9859	280	13	.	.	PUNCT
fbem-9859	281	1	corporate	corporate	ADJ
fbem-9859	281	2	entities	entity	NOUN
fbem-9859	281	3	should	should	AUX
fbem-9859	281	4	improve	improve	VERB
fbem-9859	281	5	the	the	DET
fbem-9859	281	6	quality	quality	NOUN
fbem-9859	281	7	of	of	ADP
fbem-9859	281	8	internal	internal	ADJ
fbem-9859	281	9	control	control	NOUN
fbem-9859	281	10	to	to	PART
fbem-9859	281	11	adapt	adapt	VERB
fbem-9859	281	12	to	to	ADP
fbem-9859	281	13	the	the	DET
fbem-9859	281	14	changing	change	VERB
fbem-9859	281	15	macro	macro	ADJ
fbem-9859	281	16	environment	environment	NOUN
fbem-9859	281	17	and	and	CCONJ
fbem-9859	281	18	focus	focus	VERB
fbem-9859	281	19	on	on	ADP
fbem-9859	281	20	the	the	DET
fbem-9859	281	21	harmonization	harmonization	NOUN
fbem-9859	281	22	of	of	ADP
fbem-9859	281	23	external	external	ADJ
fbem-9859	281	24	macro	macro	ADJ
fbem-9859	281	25	policies	policy	NOUN
fbem-9859	281	26	and	and	CCONJ
fbem-9859	281	27	corporate	corporate	ADJ
fbem-9859	281	28	development	development	NOUN
fbem-9859	281	29	strategies	strategy	NOUN
fbem-9859	281	30	.	.	PUNCT
fbem-9859	282	1	as	as	SCONJ
fbem-9859	282	2	china	china	PROPN
fbem-9859	282	3	's	's	PART
fbem-9859	282	4	ecological	ecological	ADJ
fbem-9859	282	5	civilization	civilization	NOUN
fbem-9859	282	6	construction	construction	NOUN
fbem-9859	282	7	and	and	CCONJ
fbem-9859	282	8	green	green	ADJ
fbem-9859	282	9	development	development	NOUN
fbem-9859	282	10	construction	construction	NOUN
fbem-9859	282	11	continue	continue	VERB
fbem-9859	282	12	to	to	PART
fbem-9859	282	13	strengthen	strengthen	VERB
fbem-9859	282	14	,	,	PUNCT
fbem-9859	282	15	enterprises	enterprise	NOUN
fbem-9859	282	16	should	should	AUX
fbem-9859	282	17	more	more	ADV
fbem-9859	282	18	green	green	ADJ
fbem-9859	282	19	development	development	NOUN
fbem-9859	282	20	strategy	strategy	NOUN
fbem-9859	282	21	into	into	ADP
fbem-9859	282	22	their	their	PRON
fbem-9859	282	23	own	own	ADJ
fbem-9859	282	24	long	long	ADJ
fbem-9859	282	25	-	-	PUNCT
fbem-9859	282	26	term	term	NOUN
fbem-9859	282	27	development	development	NOUN
fbem-9859	282	28	strategy	strategy	NOUN
fbem-9859	282	29	,	,	PUNCT
fbem-9859	282	30	strengthen	strengthen	VERB
fbem-9859	282	31	the	the	DET
fbem-9859	282	32	main	main	ADJ
fbem-9859	282	33	position	position	NOUN
fbem-9859	282	34	of	of	ADP
fbem-9859	282	35	green	green	ADJ
fbem-9859	282	36	technology	technology	NOUN
fbem-9859	282	37	innovation	innovation	NOUN
fbem-9859	282	38	,	,	PUNCT
fbem-9859	282	39	to	to	PART
fbem-9859	282	40	achieve	achieve	VERB
fbem-9859	282	41	green	green	ADJ
fbem-9859	282	42	high	high	ADJ
fbem-9859	282	43	-	-	PUNCT
fbem-9859	282	44	quality	quality	NOUN
fbem-9859	282	45	development	development	NOUN
fbem-9859	282	46	.	.	PUNCT
fbem-9859	283	1	references	reference	NOUN
fbem-9859	283	2	[	[	X
fbem-9859	283	3	1	1	NUM
fbem-9859	283	4	]	]	PUNCT
fbem-9859	283	5	commission	commission	PROPN
fbem-9859	283	6	e.	e.	PROPN
fbem-9859	283	7	eco	eco	PROPN
fbem-9859	283	8	-	-	PUNCT
fbem-9859	283	9	innovation	innovation	NOUN
fbem-9859	283	10	action	action	NOUN
fbem-9859	283	11	plan[m	plan[m	NOUN
fbem-9859	283	12	]	]	PUNCT
fbem-9859	283	13	.	.	PUNCT
fbem-9859	284	1	brussels:2011	brussels:2011	X
fbem-9859	284	2	.	.	PUNCT
fbem-9859	285	1	[	[	X
fbem-9859	285	2	2	2	NUM
fbem-9859	285	3	]	]	PUNCT
fbem-9859	285	4	jiang	jiang	PROPN
fbem-9859	285	5	l	l	PROPN
fbem-9859	285	6	,	,	PUNCT
fbem-9859	285	7	he	he	PRON
fbem-9859	285	8	s	s	VERB
fbem-9859	285	9	,	,	PUNCT
fbem-9859	285	10	zhou	zhou	PROPN
fbem-9859	285	11	h.	h.	PROPN
fbem-9859	285	12	coordination	coordination	PROPN
fbem-9859	285	13	between	between	ADP
fbem-9859	285	14	sulfur	sulfur	NOUN
fbem-9859	285	15	dioxide	dioxide	NOUN
fbem-9859	285	16	pollution	pollution	NOUN
fbem-9859	285	17	control	control	NOUN
fbem-9859	285	18	and	and	CCONJ
fbem-9859	285	19	rapid	rapid	ADJ
fbem-9859	285	20	economic	economic	ADJ
fbem-9859	285	21	growth	growth	NOUN
fbem-9859	285	22	in	in	ADP
fbem-9859	285	23	china	china	PROPN
fbem-9859	285	24	:	:	PUNCT
fbem-9859	285	25	evidence	evidence	NOUN
fbem-9859	285	26	from	from	ADP
fbem-9859	285	27	satellite	satellite	NOUN
fbem-9859	285	28	observations	observation	NOUN
fbem-9859	285	29	and	and	CCONJ
fbem-9859	285	30	spatial	spatial	ADJ
fbem-9859	285	31	econometric	econometric	ADJ
fbem-9859	285	32	models[j	models[j	PROPN
fbem-9859	285	33	]	]	PUNCT
fbem-9859	285	34	.	.	PUNCT
fbem-9859	286	1	structural	structural	ADJ
fbem-9859	286	2	change	change	NOUN
fbem-9859	286	3	and	and	CCONJ
fbem-9859	286	4	economic	economic	ADJ
fbem-9859	286	5	dynamics	dynamic	NOUN
fbem-9859	286	6	,	,	PUNCT
fbem-9859	286	7	2021	2021	NUM
fbem-9859	286	8	.	.	PUNCT
fbem-9859	287	1	57	57	NUM
fbem-9859	287	2	,	,	PUNCT
fbem-9859	287	3	279–291	279–291	NUM
fbem-9859	287	4	.	.	PUNCT
fbem-9859	288	1	[	[	X
fbem-9859	288	2	3	3	NUM
fbem-9859	288	3	]	]	X
fbem-9859	288	4	kneller	kneller	NOUN
fbem-9859	288	5	,	,	PUNCT
fbem-9859	288	6	r&e	r&e	PROPN
fbem-9859	288	7	,	,	PUNCT
fbem-9859	288	8	manderson	manderson	PROPN
fbem-9859	288	9	.	.	PUNCT
fbem-9859	289	1	environmental	environmental	ADJ
fbem-9859	289	2	regulations	regulation	NOUN
fbem-9859	289	3	and	and	CCONJ
fbem-9859	289	4	innovation	innovation	NOUN
fbem-9859	289	5	activity	activity	NOUN
fbem-9859	289	6	in	in	ADP
fbem-9859	289	7	uk	uk	PROPN
fbem-9859	289	8	manufacturing	manufacture	VERB
fbem-9859	289	9	industries[j	industries[j	NOUN
fbem-9859	289	10	]	]	PUNCT
fbem-9859	289	11	.	.	PUNCT
fbem-9859	290	1	resource	resource	NOUN
fbem-9859	290	2	and	and	CCONJ
fbem-9859	290	3	energy	energy	NOUN
fbem-9859	290	4	economics	economic	NOUN
fbem-9859	290	5	,	,	PUNCT
fbem-9859	290	6	2012	2012	NUM
fbem-9859	290	7	,	,	PUNCT
fbem-9859	290	8	34(2	34(2	NUM
fbem-9859	290	9	):	):	PUNCT
fbem-9859	290	10	211	211	NUM
fbem-9859	290	11	-	-	SYM
fbem-9859	290	12	235	235	NUM
fbem-9859	290	13	.	.	PUNCT
fbem-9859	291	1	[	[	X
fbem-9859	291	2	4	4	NUM
fbem-9859	291	3	]	]	X
fbem-9859	291	4	porter	porter	NOUN
fbem-9859	291	5	,	,	PUNCT
fbem-9859	291	6	m.	m.	PROPN
fbem-9859	291	7	america	america	PROPN
fbem-9859	291	8	’s	’s	PART
fbem-9859	291	9	green	green	PROPN
fbem-9859	291	10	strategy[j	strategy[j	PROPN
fbem-9859	291	11	]	]	X
fbem-9859	291	12	.	.	PUNCT
fbem-9859	292	1	scientific	scientific	ADJ
fbem-9859	292	2	american	american	PROPN
fbem-9859	292	3	,	,	PUNCT
fbem-9859	292	4	1991	1991	NUM
fbem-9859	292	5	,	,	PUNCT
fbem-9859	292	6	264(4	264(4	NUM
fbem-9859	292	7	):	):	PUNCT
fbem-9859	292	8	193	193	NUM
fbem-9859	292	9	-	-	SYM
fbem-9859	292	10	246	246	NUM
fbem-9859	292	11	.	.	PUNCT
fbem-9859	293	1	[	[	X
fbem-9859	293	2	5	5	X
fbem-9859	293	3	]	]	X
fbem-9859	293	4	wang	wang	PROPN
fbem-9859	293	5	h.	h.	PROPN
fbem-9859	293	6	,chen	,chen	PUNCT
fbem-9859	293	7	z.	z.	PROPN
fbem-9859	293	8	,wu	,wu	PUNCT
fbem-9859	293	9	x.	x.	PROPN
fbem-9859	293	10	can	can	AUX
fbem-9859	293	11	a	a	DET
fbem-9859	293	12	carbon	carbon	NOUN
fbem-9859	293	13	trading	trading	NOUN
fbem-9859	293	14	system	system	NOUN
fbem-9859	293	15	promote	promote	VERB
fbem-9859	293	16	the	the	DET
fbem-9859	293	17	transformation	transformation	NOUN
fbem-9859	293	18	of	of	ADP
fbem-9859	293	19	a	a	DET
fbem-9859	293	20	low	low	ADJ
fbem-9859	293	21	-	-	PUNCT
fbem-9859	293	22	carbon	carbon	NOUN
fbem-9859	293	23	economy	economy	NOUN
fbem-9859	293	24	under	under	ADP
fbem-9859	293	25	the	the	DET
fbem-9859	293	26	framework	framework	NOUN
fbem-9859	293	27	of	of	ADP
fbem-9859	293	28	the	the	DET
fbem-9859	293	29	porter	porter	NOUN
fbem-9859	293	30	hypothesis?—empirical	hypothesis?—empirical	ADJ
fbem-9859	293	31	analysis	analysis	NOUN
fbem-9859	293	32	based	base	VERB
fbem-9859	293	33	on	on	ADP
fbem-9859	293	34	the	the	DET
fbem-9859	293	35	psm	psm	NOUN
fbem-9859	293	36	-	-	PUNCT
fbem-9859	293	37	did	do	AUX
fbem-9859	293	38	method[j	method[j	NOUN
fbem-9859	293	39	]	]	PUNCT
fbem-9859	293	40	.	.	PUNCT
fbem-9859	294	1	energy	energy	NOUN
fbem-9859	294	2	policy	policy	NOUN
fbem-9859	294	3	,	,	PUNCT
fbem-9859	294	4	2019	2019	NUM
fbem-9859	294	5	.	.	PUNCT
fbem-9859	295	1	129	129	NUM
fbem-9859	295	2	,	,	PUNCT
fbem-9859	295	3	930	930	NUM
fbem-9859	295	4	–	–	PUNCT
fbem-9859	295	5	938	938	NUM
fbem-9859	295	6	.	.	PUNCT
fbem-9859	296	1	[	[	X
fbem-9859	296	2	6	6	NUM
fbem-9859	296	3	]	]	PUNCT
fbem-9859	296	4	wei	wei	PROPN
fbem-9859	296	5	zhang	zhang	PROPN
fbem-9859	296	6	,	,	PUNCT
fbem-9859	296	7	guoxiang	guoxiang	PROPN
fbem-9859	296	8	li	li	PROPN
fbem-9859	296	9	,	,	PUNCT
fbem-9859	296	10	fanyong	fanyong	PROPN
fbem-9859	296	11	guo	guo	PROPN
fbem-9859	296	12	.	.	PUNCT
fbem-9859	296	13	does	do	AUX
fbem-9859	296	14	carbon	carbon	NOUN
fbem-9859	296	15	emissions	emission	NOUN
fbem-9859	296	16	trading	trading	NOUN
fbem-9859	296	17	promote	promote	VERB
fbem-9859	296	18	green	green	ADJ
fbem-9859	296	19	technology	technology	NOUN
fbem-9859	296	20	innovation	innovation	NOUN
fbem-9859	296	21	in	in	ADP
fbem-9859	296	22	china?[j	china?[j	PROPN
fbem-9859	296	23	]	]	PUNCT
fbem-9859	296	24	.	.	PUNCT
fbem-9859	297	1	applied	apply	VERB
fbem-9859	297	2	energy	energy	NOUN
fbem-9859	297	3	,	,	PUNCT
fbem-9859	297	4	2022	2022	NUM
fbem-9859	297	5	.	.	PUNCT
fbem-9859	298	1	[	[	X
fbem-9859	298	2	7	7	X
fbem-9859	298	3	]	]	X
fbem-9859	298	4	zhu	zhu	PROPN
fbem-9859	298	5	j	j	PROPN
fbem-9859	298	6	,	,	PUNCT
fbem-9859	298	7	fan	fan	PROPN
fbem-9859	298	8	y	y	PROPN
fbem-9859	298	9	,	,	PUNCT
fbem-9859	298	10	deng	deng	PROPN
fbem-9859	298	11	x	x	PROPN
fbem-9859	298	12	,	,	PUNCT
fbem-9859	298	13	et	et	PROPN
fbem-9859	298	14	al	al	PROPN
fbem-9859	298	15	.	.	PUNCT
fbem-9859	298	16	low	low	ADJ
fbem-9859	298	17	-	-	PUNCT
fbem-9859	298	18	carbon	carbon	NOUN
fbem-9859	298	19	innovation	innovation	NOUN
fbem-9859	298	20	induced	induce	VERB
fbem-9859	298	21	by	by	ADP
fbem-9859	298	22	emissions	emission	NOUN
fbem-9859	298	23	trading	trading	NOUN
fbem-9859	298	24	in	in	ADP
fbem-9859	298	25	china[j	china[j	NOUN
fbem-9859	298	26	]	]	PUNCT
fbem-9859	298	27	.	.	PUNCT
fbem-9859	299	1	nature	nature	NOUN
fbem-9859	299	2	communications	communication	NOUN
fbem-9859	299	3	,	,	PUNCT
fbem-9859	299	4	2019	2019	NUM
fbem-9859	299	5	,	,	PUNCT
fbem-9859	299	6	10(1	10(1	NUM
fbem-9859	299	7	):	):	PUNCT
fbem-9859	299	8	1	1	NUM
fbem-9859	299	9	-	-	SYM
fbem-9859	299	10	8	8	NUM
fbem-9859	299	11	.	.	PUNCT
fbem-9859	300	1	[	[	X
fbem-9859	300	2	8	8	NUM
fbem-9859	300	3	]	]	X
fbem-9859	300	4	deng	deng	PROPN
fbem-9859	300	5	f	f	PROPN
fbem-9859	300	6	,	,	PUNCT
fbem-9859	300	7	wang	wang	PROPN
fbem-9859	300	8	l.	l.	PROPN
fbem-9859	300	9	research	research	PROPN
fbem-9859	300	10	on	on	ADP
fbem-9859	300	11	the	the	DET
fbem-9859	300	12	mechanism	mechanism	NOUN
fbem-9859	300	13	of	of	ADP
fbem-9859	300	14	environmental	environmental	ADJ
fbem-9859	300	15	control	control	NOUN
fbem-9859	300	16	to	to	PART
fbem-9859	300	17	force	force	VERB
fbem-9859	300	18	industrial	industrial	ADJ
fbem-9859	300	19	restructuring	restructuring	NOUN
fbem-9859	300	20	--	--	PUNCT
fbem-9859	300	21	a	a	DET
fbem-9859	300	22	new	new	ADJ
fbem-9859	300	23	perspective	perspective	NOUN
fbem-9859	300	24	based	base	VERB
fbem-9859	300	25	on	on	ADP
fbem-9859	300	26	the	the	DET
fbem-9859	300	27	decomposition	decomposition	NOUN
fbem-9859	300	28	of	of	ADP
fbem-9859	300	29	polluting	polluting	NOUN
fbem-9859	300	30	and	and	CCONJ
fbem-9859	300	31	clean	clean	ADJ
fbem-9859	300	32	industries[j	industries[j	NOUN
fbem-9859	300	33	]	]	PUNCT
fbem-9859	300	34	.	.	PUNCT
fbem-9859	301	1	ecological	ecological	ADJ
fbem-9859	301	2	economics,2020,36(06):142	economics,2020,36(06):142	PROPN
fbem-9859	301	3	-	-	SYM
fbem-9859	301	4	150	150	NUM
fbem-9859	301	5	.	.	PUNCT
fbem-9859	302	1	[	[	X
fbem-9859	302	2	9	9	NUM
fbem-9859	302	3	]	]	X
fbem-9859	302	4	liu	liu	PROPN
fbem-9859	302	5	w	w	PROPN
fbem-9859	302	6	,	,	PUNCT
fbem-9859	302	7	tong	tong	PROPN
fbem-9859	302	8	j	j	PROPN
fbem-9859	302	9	,	,	PUNCT
fbem-9859	302	10	xue	xue	PROPN
fbem-9859	302	11	j.	j.	PROPN
fbem-9859	302	12	industry	industry	PROPN
fbem-9859	302	13	heterogeneity	heterogeneity	PROPN
fbem-9859	302	14	,	,	PUNCT
fbem-9859	302	15	environmental	environmental	ADJ
fbem-9859	302	16	regulation	regulation	NOUN
fbem-9859	302	17	and	and	CCONJ
fbem-9859	302	18	industrial	industrial	ADJ
fbem-9859	302	19	technology	technology	NOUN
fbem-9859	302	20	innovation[j	innovation[j	PROPN
fbem-9859	302	21	]	]	PUNCT
fbem-9859	302	22	.	.	PUNCT
fbem-9859	303	1	scientific	scientific	ADJ
fbem-9859	303	2	research	research	NOUN
fbem-9859	303	3	management	management	NOUN
fbem-9859	303	4	,	,	PUNCT
fbem-9859	303	5	2017	2017	NUM
fbem-9859	303	6	,	,	PUNCT
fbem-9859	303	7	38(05):1	38(05):1	NOUN
fbem-9859	303	8	-	-	SYM
fbem-9859	303	9	11	11	NUM
fbem-9859	303	10	.	.	PUNCT
fbem-9859	304	1	[	[	X
fbem-9859	304	2	10	10	NUM
fbem-9859	304	3	]	]	X
fbem-9859	304	4	liu	liu	PROPN
fbem-9859	304	5	y.	y.	PROPN
fbem-9859	304	6	research	research	PROPN
fbem-9859	304	7	on	on	ADP
fbem-9859	304	8	the	the	DET
fbem-9859	304	9	impact	impact	NOUN
fbem-9859	304	10	of	of	ADP
fbem-9859	304	11	carbon	carbon	NOUN
fbem-9859	304	12	emission	emission	NOUN
fbem-9859	304	13	trading	trading	NOUN
fbem-9859	304	14	policy	policy	NOUN
fbem-9859	304	15	on	on	ADP
fbem-9859	304	16	green	green	ADJ
fbem-9859	304	17	technology	technology	NOUN
fbem-9859	304	18	innovation	innovation	NOUN
fbem-9859	304	19	of	of	ADP
fbem-9859	304	20	listed	list	VERB
fbem-9859	304	21	enterprises[d	enterprises[d	PROPN
fbem-9859	304	22	]	]	PUNCT
fbem-9859	304	23	.	.	PUNCT
fbem-9859	305	1	northeastern	northeastern	ADJ
fbem-9859	305	2	petroleum	petroleum	PROPN
fbem-9859	305	3	university	university	NOUN
fbem-9859	305	4	,	,	PUNCT
fbem-9859	305	5	2022	2022	NUM
fbem-9859	305	6	.	.	PUNCT
fbem-9859	306	1	[	[	X
fbem-9859	306	2	11	11	NUM
fbem-9859	306	3	]	]	PUNCT
fbem-9859	306	4	qi	qi	PROPN
fbem-9859	306	5	s	s	PROPN
fbem-9859	306	6	,	,	PUNCT
fbem-9859	306	7	lin	lin	PROPN
fbem-9859	306	8	d	d	PROPN
fbem-9859	306	9	,	,	PUNCT
fbem-9859	306	10	cui	cui	PROPN
fbem-9859	306	11	j.	j.	PROPN
fbem-9859	306	12	can	can	AUX
fbem-9859	306	13	environmental	environmental	VERB
fbem-9859	306	14	equity	equity	NOUN
fbem-9859	306	15	trading	trading	NOUN
fbem-9859	306	16	market	market	NOUN
fbem-9859	306	17	induce	induce	VERB
fbem-9859	306	18	green	green	ADJ
fbem-9859	306	19	innovation	innovation	NOUN
fbem-9859	306	20	?	?	PUNCT
fbem-9859	307	1	-evidence	-evidence	NOUN
fbem-9859	307	2	based	base	VERB
fbem-9859	307	3	on	on	ADP
fbem-9859	307	4	green	green	PROPN
fbem-9859	307	5	patent	patent	NOUN
fbem-9859	307	6	data	datum	NOUN
fbem-9859	307	7	of	of	ADP
fbem-9859	307	8	listed	list	VERB
fbem-9859	307	9	companies	company	NOUN
fbem-9859	307	10	in	in	ADP
fbem-9859	307	11	china[j	china[j	PROPN
fbem-9859	307	12	]	]	PUNCT
fbem-9859	307	13	.	.	PUNCT
fbem-9859	308	1	economic	economic	ADJ
fbem-9859	308	2	research	research	NOUN
fbem-9859	308	3	,	,	PUNCT
fbem-9859	308	4	2018	2018	NUM
fbem-9859	308	5	,	,	PUNCT
fbem-9859	308	6	53(12):129	53(12):129	NUM
fbem-9859	308	7	-	-	SYM
fbem-9859	308	8	143	143	NUM
fbem-9859	308	9	.	.	PUNCT
fbem-9859	309	1	[	[	X
fbem-9859	309	2	12	12	NUM
fbem-9859	309	3	]	]	X
fbem-9859	309	4	qi	qi	PROPN
fbem-9859	309	5	s	s	PROPN
fbem-9859	309	6	,	,	PUNCT
fbem-9859	309	7	yang	yang	PROPN
fbem-9859	309	8	g	g	PROPN
fbem-9859	309	9	,	,	PUNCT
fbem-9859	309	10	wang	wang	PROPN
fbem-9859	309	11	b.	b.	PROPN
fbem-9859	309	12	study	study	PROPN
fbem-9859	309	13	on	on	ADP
fbem-9859	309	14	the	the	DET
fbem-9859	309	15	impact	impact	NOUN
fbem-9859	309	16	of	of	ADP
fbem-9859	309	17	carbon	carbon	NOUN
fbem-9859	309	18	price	price	NOUN
fbem-9859	309	19	on	on	ADP
fbem-9859	309	20	the	the	DET
fbem-9859	309	21	trade	trade	NOUN
fbem-9859	309	22	competitiveness	competitiveness	NOUN
fbem-9859	309	23	of	of	ADP
fbem-9859	309	24	covered	cover	VERB
fbem-9859	309	25	industries	industry	NOUN
fbem-9859	309	26	in	in	ADP
fbem-9859	309	27	china[j	china[j	PROPN
fbem-9859	309	28	]	]	PUNCT
fbem-9859	309	29	.	.	PUNCT
fbem-9859	310	1	china	china	PROPN
fbem-9859	310	2	population	population	PROPN
fbem-9859	310	3	resources	resource	NOUN
fbem-9859	310	4	and	and	CCONJ
fbem-9859	310	5	environment	environment	NOUN
fbem-9859	310	6	,	,	PUNCT
fbem-9859	310	7	2020	2020	NUM
fbem-9859	310	8	,	,	PUNCT
fbem-9859	310	9	30(4	30(4	NUM
fbem-9859	310	10	):	):	PUNCT
fbem-9859	310	11	107	107	NUM
fbem-9859	310	12	-	-	SYM
fbem-9859	310	13	115	115	NUM
fbem-9859	310	14	.	.	PUNCT
fbem-9859	311	1	[	[	X
fbem-9859	311	2	13	13	NUM
fbem-9859	311	3	]	]	PUNCT
fbem-9859	311	4	song	song	PROPN
fbem-9859	311	5	d.	d.	PROPN
fbem-9859	311	6	,	,	PUNCT
fbem-9859	311	7	zhu	zhu	PROPN
fbem-9859	311	8	w.	w.	PROPN
fbem-9859	311	9	,	,	PUNCT
fbem-9859	311	10	wang	wang	PROPN
fbem-9859	311	11	b.	b.	PROPN
fbem-9859	311	12	micro	micro	PROPN
fbem-9859	311	13	empirical	empirical	ADJ
fbem-9859	311	14	evidence	evidence	NOUN
fbem-9859	311	15	of	of	ADP
fbem-9859	311	16	carbon	carbon	NOUN
fbem-9859	311	17	trading	trading	NOUN
fbem-9859	311	18	pilot	pilot	NOUN
fbem-9859	311	19	covered	cover	VERB
fbem-9859	311	20	enterprises	enterprise	NOUN
fbem-9859	311	21	in	in	ADP
fbem-9859	311	22	china	china	PROPN
fbem-9859	311	23	:	:	PUNCT
fbem-9859	311	24	carbon	carbon	NOUN
fbem-9859	311	25	emissions	emission	NOUN
fbem-9859	311	26	trading	trading	NOUN
fbem-9859	311	27	,	,	PUNCT
fbem-9859	311	28	allowance	allowance	NOUN
fbem-9859	311	29	allocation	allocation	NOUN
fbem-9859	311	30	methods	method	NOUN
fbem-9859	311	31	and	and	CCONJ
fbem-9859	311	32	corporate	corporate	ADJ
fbem-9859	311	33	green	green	NOUN
fbem-9859	311	34	innovation[j	innovation[j	PROPN
fbem-9859	311	35	]	]	PUNCT
fbem-9859	311	36	.	.	PUNCT
fbem-9859	312	1	china	china	PROPN
fbem-9859	312	2	population	population	NOUN
fbem-9859	312	3	-	-	PUNCT
fbem-9859	312	4	resources	resource	NOUN
fbem-9859	312	5	and	and	CCONJ
fbem-9859	312	6	environment	environment	NOUN
fbem-9859	312	7	,	,	PUNCT
fbem-9859	312	8	2021	2021	NUM
fbem-9859	312	9	,	,	PUNCT
fbem-9859	312	10	31(01	31(01	NUM
fbem-9859	312	11	):	):	PUNCT
fbem-9859	312	12	37	37	NUM
fbem-9859	312	13	-	-	SYM
fbem-9859	312	14	47	47	NUM
fbem-9859	312	15	.	.	PUNCT
fbem-9859	313	1	[	[	X
fbem-9859	313	2	14	14	NUM
fbem-9859	313	3	]	]	X
fbem-9859	313	4	wang	wang	PROPN
fbem-9859	313	5	b	b	PROPN
fbem-9859	313	6	,	,	PUNCT
fbem-9859	313	7	zhao	zhao	PROPN
fbem-9859	313	8	c.	c.	PROPN
fbem-9859	313	9	green	green	PROPN
fbem-9859	313	10	technology	technology	PROPN
fbem-9859	313	11	innovation	innovation	NOUN
fbem-9859	313	12	in	in	ADP
fbem-9859	313	13	china	china	PROPN
fbem-9859	313	14	-	-	PUNCT
fbem-9859	313	15	patent	patent	NOUN
fbem-9859	313	16	statistics	statistic	NOUN
fbem-9859	313	17	and	and	CCONJ
fbem-9859	313	18	influencing	influence	VERB
fbem-9859	313	19	factors	factor	NOUN
fbem-9859	313	20	[	[	X
fbem-9859	313	21	j	j	X
fbem-9859	313	22	]	]	X
fbem-9859	313	23	.	.	PUNCT
fbem-9859	314	1	industrial	industrial	ADJ
fbem-9859	314	2	technology	technology	NOUN
fbem-9859	314	3	economics	economic	NOUN
fbem-9859	314	4	,	,	PUNCT
fbem-9859	314	5	2019	2019	NUM
fbem-9859	314	6	,	,	PUNCT
fbem-9859	314	7	38(07):53	38(07):53	NOUN
fbem-9859	314	8	-	-	SYM
fbem-9859	314	9	66	66	NUM
fbem-9859	314	10	.	.	PUNCT
fbem-9859	315	1	[	[	X
fbem-9859	315	2	15	15	NUM
fbem-9859	315	3	]	]	X
fbem-9859	315	4	wang	wang	PROPN
fbem-9859	315	5	w	w	PROPN
fbem-9859	315	6	,	,	PUNCT
fbem-9859	315	7	wang	wang	PROPN
fbem-9859	315	8	d	d	PROPN
fbem-9859	315	9	,	,	PUNCT
fbem-9859	315	10	lu	lu	PROPN
fbem-9859	315	11	n.	n.	PROPN
fbem-9859	315	12	a	a	DET
fbem-9859	315	13	study	study	NOUN
fbem-9859	315	14	on	on	ADP
fbem-9859	315	15	the	the	DET
fbem-9859	315	16	mechanism	mechanism	NOUN
fbem-9859	315	17	of	of	ADP
fbem-9859	315	18	carbon	carbon	NOUN
fbem-9859	315	19	emission	emission	NOUN
fbem-9859	315	20	trading	trading	NOUN
fbem-9859	315	21	for	for	ADP
fbem-9859	315	22	low	low	ADJ
fbem-9859	315	23	-	-	PUNCT
fbem-9859	315	24	carbon	carbon	NOUN
fbem-9859	315	25	technology	technology	NOUN
fbem-9859	315	26	innovation	innovation	NOUN
fbem-9859	315	27	in	in	ADP
fbem-9859	315	28	china	china	PROPN
fbem-9859	316	1	[	[	X
fbem-9859	316	2	j	j	X
fbem-9859	316	3	]	]	X
fbem-9859	316	4	.	.	PUNCT
fbem-9859	317	1	china	china	PROPN
fbem-9859	317	2	population	population	NOUN
fbem-9859	317	3	-	-	PUNCT
fbem-9859	317	4	resources	resource	NOUN
fbem-9859	317	5	and	and	CCONJ
fbem-9859	317	6	environment	environment	NOUN
fbem-9859	317	7	,	,	PUNCT
fbem-9859	317	8	2020	2020	NUM
fbem-9859	317	9	,	,	PUNCT
fbem-9859	317	10	30(02	30(02	NUM
fbem-9859	317	11	):	):	PUNCT
fbem-9859	317	12	41	41	NUM
fbem-9859	317	13	-	-	SYM
fbem-9859	317	14	48	48	NUM
fbem-9859	317	15	.	.	PUNCT
fbem-9859	318	1	[	[	X
fbem-9859	318	2	16	16	NUM
fbem-9859	318	3	]	]	X
fbem-9859	318	4	wei	wei	PROPN
fbem-9859	318	5	l	l	PROPN
fbem-9859	318	6	,	,	PUNCT
fbem-9859	318	7	ren	ren	PROPN
fbem-9859	318	8	l.	l.	PROPN
fbem-9859	318	9	can	can	AUX
fbem-9859	318	10	carbon	carbon	VERB
fbem-9859	318	11	emissions	emission	NOUN
fbem-9859	318	12	trading	trading	NOUN
fbem-9859	318	13	promote	promote	NOUN
fbem-9859	318	14	enterprises	enterprise	NOUN
fbem-9859	318	15	'	'	PART
fbem-9859	318	16	green	green	ADJ
fbem-9859	318	17	technology	technology	NOUN
fbem-9859	318	18	innovation	innovation	NOUN
fbem-9859	318	19	--	--	PUNCT
fbem-9859	318	20	based	base	VERB
fbem-9859	318	21	on	on	ADP
fbem-9859	318	22	the	the	DET
fbem-9859	318	23	perspective	perspective	NOUN
fbem-9859	318	24	of	of	ADP
fbem-9859	318	25	carbon	carbon	NOUN
fbem-9859	318	26	price[j	price[j	NOUN
fbem-9859	318	27	]	]	PUNCT
fbem-9859	318	28	.	.	PUNCT
fbem-9859	319	1	lanzhou	lanzhou	PROPN
fbem-9859	319	2	journal	journal	PROPN
fbem-9859	319	3	,	,	PUNCT
fbem-9859	319	4	2021,(07	2021,(07	NUM
fbem-9859	319	5	)	)	PUNCT
fbem-9859	320	1	[	[	X
fbem-9859	320	2	17	17	NUM
fbem-9859	320	3	]	]	X
fbem-9859	320	4	wu	wu	PROPN
fbem-9859	320	5	y	y	PROPN
fbem-9859	320	6	,	,	PUNCT
fbem-9859	320	7	qi	qi	PROPN
fbem-9859	320	8	j	j	PROPN
fbem-9859	320	9	,	,	PUNCT
fbem-9859	320	10	xian	xian	PROPN
fbem-9859	320	11	q	q	PROPN
fbem-9859	320	12	,	,	PUNCT
fbem-9859	320	13	chen	chen	PROPN
fbem-9859	320	14	j.	j.	PROPN
fbem-9859	320	15	a	a	DET
fbem-9859	320	16	study	study	NOUN
fbem-9859	320	17	on	on	ADP
fbem-9859	320	18	the	the	DET
fbem-9859	320	19	carbon	carbon	NOUN
fbem-9859	320	20	emission	emission	NOUN
fbem-9859	320	21	reduction	reduction	NOUN
fbem-9859	320	22	effect	effect	NOUN
fbem-9859	320	23	of	of	ADP
fbem-9859	320	24	china	china	PROPN
fbem-9859	320	25	's	's	PART
fbem-9859	320	26	carbon	carbon	NOUN
fbem-9859	320	27	market	market	NOUN
fbem-9859	320	28	--	--	PUNCT
fbem-9859	320	29	based	base	VERB
fbem-9859	320	30	on	on	ADP
fbem-9859	320	31	the	the	DET
fbem-9859	320	32	synergistic	synergistic	ADJ
fbem-9859	320	33	effect	effect	NOUN
fbem-9859	320	34	of	of	ADP
fbem-9859	320	35	market	market	NOUN
fbem-9859	320	36	mechanism	mechanism	NOUN
fbem-9859	320	37	and	and	CCONJ
fbem-9859	320	38	administrative	administrative	ADJ
fbem-9859	320	39	intervention[j	intervention[j	PROPN
fbem-9859	320	40	]	]	PUNCT
fbem-9859	320	41	.	.	PUNCT
fbem-9859	321	1	china	china	PROPN
fbem-9859	321	2	industrial	industrial	PROPN
fbem-9859	321	3	economics,2021,(08):114132	economics,2021,(08):114132	PROPN
fbem-9859	321	4	.	.	PROPN
fbem-9859	321	5	49	49	NUM
fbem-9859	322	1	[	[	SYM
fbem-9859	322	2	18	18	NUM
fbem-9859	322	3	]	]	PUNCT
fbem-9859	322	4	xu	xu	PROPN
fbem-9859	322	5	j	j	PROPN
fbem-9859	322	6	,	,	PUNCT
fbem-9859	322	7	cui	cui	PROPN
fbem-9859	322	8	j.	j.	PROPN
fbem-9859	322	9	low	low	PROPN
fbem-9859	322	10	carbon	carbon	NOUN
fbem-9859	322	11	cities	city	NOUN
fbem-9859	322	12	and	and	CCONJ
fbem-9859	322	13	enterprise	enterprise	NOUN
fbem-9859	322	14	green	green	ADJ
fbem-9859	322	15	technology	technology	NOUN
fbem-9859	322	16	innovation[j	innovation[j	PROPN
fbem-9859	322	17	]	]	PUNCT
fbem-9859	322	18	.	.	PUNCT
fbem-9859	323	1	china	china	PROPN
fbem-9859	323	2	industrial	industrial	PROPN
fbem-9859	323	3	economy,2020,(12):178	economy,2020,(12):178	PROPN
fbem-9859	323	4	-	-	PUNCT
fbem-9859	323	5	196	196	NUM
fbem-9859	323	6	.	.	PUNCT
fbem-9859	324	1	[	[	X
fbem-9859	324	2	19	19	NUM
fbem-9859	324	3	]	]	PUNCT
fbem-9859	324	4	xu	xu	PROPN
fbem-9859	324	5	l	l	PROPN
fbem-9859	324	6	,	,	PUNCT
fbem-9859	324	7	ma	ma	PROPN
fbem-9859	324	8	y	y	PROPN
fbem-9859	324	9	,	,	PUNCT
fbem-9859	324	10	wang	wang	PROPN
fbem-9859	324	11	x.	x.	PROPN
fbem-9859	324	12	a	a	DET
fbem-9859	324	13	study	study	NOUN
fbem-9859	324	14	on	on	ADP
fbem-9859	324	15	environmental	environmental	ADJ
fbem-9859	324	16	policy	policy	NOUN
fbem-9859	324	17	choice	choice	NOUN
fbem-9859	324	18	of	of	ADP
fbem-9859	324	19	green	green	ADJ
fbem-9859	324	20	technology	technology	NOUN
fbem-9859	324	21	innovation	innovation	NOUN
fbem-9859	324	22	based	base	VERB
fbem-9859	324	23	on	on	ADP
fbem-9859	324	24	evolutionary	evolutionary	ADJ
fbem-9859	324	25	boxpen	boxpen	NOUN
fbem-9859	324	26	:	:	PUNCT
fbem-9859	324	27	government	government	NOUN
fbem-9859	324	28	action	action	NOUN
fbem-9859	324	29	vs.	vs.	ADP
fbem-9859	324	30	public	public	ADJ
fbem-9859	324	31	participation[j	participation[j	PROPN
fbem-9859	324	32	]	]	PUNCT
fbem-9859	324	33	.	.	PUNCT
fbem-9859	325	1	china	china	PROPN
fbem-9859	325	2	management	management	PROPN
fbem-9859	325	3	science	science	NOUN
fbem-9859	325	4	.	.	PUNCT
fbem-9859	326	1	2022	2022	NUM
fbem-9859	326	2	,	,	PUNCT
fbem-9859	326	3	30(03	30(03	NUM
fbem-9859	326	4	):	):	PUNCT
fbem-9859	326	5	30	30	NUM
fbem-9859	326	6	-	-	SYM
fbem-9859	326	7	42	42	NUM
fbem-9859	326	8	.	.	PUNCT
fbem-9859	327	1	[	[	X
fbem-9859	327	2	20	20	NUM
fbem-9859	327	3	]	]	X
fbem-9859	327	4	yao	yao	NOUN
fbem-9859	327	5	c	c	X
fbem-9859	327	6	,	,	PUNCT
fbem-9859	327	7	zeng	zeng	PROPN
fbem-9859	327	8	y.	y.	PROPN
fbem-9859	327	9	carbon	carbon	PROPN
fbem-9859	327	10	market	market	NOUN
fbem-9859	327	11	effectiveness	effectiveness	NOUN
fbem-9859	327	12	and	and	CCONJ
fbem-9859	327	13	its	its	PRON
fbem-9859	327	14	evaluation	evaluation	NOUN
fbem-9859	327	15	index	index	NOUN
fbem-9859	327	16	system	system	NOUN
fbem-9859	327	17	--	--	PUNCT
fbem-9859	327	18	based	base	VERB
fbem-9859	327	19	on	on	ADP
fbem-9859	327	20	the	the	DET
fbem-9859	327	21	perspective	perspective	NOUN
fbem-9859	327	22	of	of	ADP
fbem-9859	327	23	efficient	efficient	ADJ
fbem-9859	327	24	market	market	NOUN
fbem-9859	327	25	hypothesis[j	hypothesis[j	PROPN
fbem-9859	327	26	]	]	PUNCT
fbem-9859	327	27	.	.	PUNCT
fbem-9859	328	1	lanzhou	lanzhou	PROPN
fbem-9859	328	2	journal,2019,(12):114	journal,2019,(12):114	PROPN
fbem-9859	328	3	-	-	PUNCT
fbem-9859	328	4	122	122	NUM
fbem-9859	328	5	.	.	PUNCT
fbem-9859	329	1	[	[	X
fbem-9859	329	2	21	21	NUM
fbem-9859	329	3	]	]	X
fbem-9859	329	4	yi	yi	PROPN
fbem-9859	329	5	l	l	PROPN
fbem-9859	329	6	,	,	PUNCT
fbem-9859	329	7	li	li	PROPN
fbem-9859	329	8	cg	cg	PROPN
fbem-9859	329	9	,	,	PUNCT
fbem-9859	329	10	yang	yang	PROPN
fbem-9859	329	11	l	l	PROPN
fbem-9859	329	12	,	,	PUNCT
fbem-9859	329	13	liu	liu	PROPN
fbem-9859	329	14	j.	j.	PROPN
fbem-9859	329	15	a	a	DET
fbem-9859	329	16	comparative	comparative	ADJ
fbem-9859	329	17	study	study	NOUN
fbem-9859	329	18	on	on	ADP
fbem-9859	329	19	the	the	DET
fbem-9859	329	20	development	development	NOUN
fbem-9859	329	21	degree	degree	NOUN
fbem-9859	329	22	of	of	ADP
fbem-9859	329	23	seven	seven	NUM
fbem-9859	329	24	major	major	ADJ
fbem-9859	329	25	carbon	carbon	NOUN
fbem-9859	329	26	trading	trading	NOUN
fbem-9859	329	27	pilots	pilot	NOUN
fbem-9859	329	28	in	in	ADP
fbem-9859	329	29	china	china	PROPN
fbem-9859	330	1	[	[	X
fbem-9859	330	2	j	j	X
fbem-9859	330	3	]	]	X
fbem-9859	330	4	.	.	PUNCT
fbem-9859	331	1	china	china	PROPN
fbem-9859	331	2	population	population	NOUN
fbem-9859	331	3	-	-	PUNCT
fbem-9859	331	4	resources	resource	NOUN
fbem-9859	331	5	and	and	CCONJ
fbem-9859	331	6	environment	environment	NOUN
fbem-9859	331	7	,	,	PUNCT
fbem-9859	331	8	2018	2018	NUM
fbem-9859	331	9	,	,	PUNCT
fbem-9859	331	10	28(02	28(02	NOUN
fbem-9859	331	11	):	):	PUNCT
fbem-9859	331	12	134	134	NUM
fbem-9859	331	13	-	-	SYM
fbem-9859	331	14	140	140	NUM
fbem-9859	331	15	.	.	PUNCT
fbem-9859	332	1	[	[	X
fbem-9859	332	2	22	22	NUM
fbem-9859	332	3	]	]	PUNCT
fbem-9859	332	4	yu	yu	PROPN
fbem-9859	332	5	y	y	PROPN
fbem-9859	332	6	,	,	PUNCT
fbem-9859	332	7	zhang	zhang	PROPN
fbem-9859	332	8	s	s	PROPN
fbem-9859	332	9	,	,	PUNCT
fbem-9859	332	10	lin	lin	PROPN
fbem-9859	332	11	b.	b.	PROPN
fbem-9859	333	1	the	the	DET
fbem-9859	333	2	impact	impact	NOUN
fbem-9859	333	3	of	of	ADP
fbem-9859	333	4	target	target	NOUN
fbem-9859	333	5	accountability	accountability	NOUN
fbem-9859	333	6	system	system	NOUN
fbem-9859	333	7	on	on	ADP
fbem-9859	333	8	china	china	PROPN
fbem-9859	333	9	's	's	PART
fbem-9859	333	10	high	high	ADJ
fbem-9859	333	11	-	-	PUNCT
fbem-9859	333	12	quality	quality	NOUN
fbem-9859	333	13	economic	economic	ADJ
fbem-9859	333	14	development	development	NOUN
fbem-9859	333	15	--	--	PUNCT
fbem-9859	333	16	a	a	DET
fbem-9859	333	17	major	major	ADJ
fbem-9859	333	18	practice	practice	NOUN
fbem-9859	333	19	of	of	ADP
fbem-9859	333	20	economic	economic	ADJ
fbem-9859	333	21	governance	governance	NOUN
fbem-9859	333	22	of	of	ADP
fbem-9859	333	23	the	the	DET
fbem-9859	333	24	communist	communist	ADJ
fbem-9859	333	25	party	party	NOUN
fbem-9859	333	26	of	of	ADP
fbem-9859	333	27	china[j	china[j	NOUN
fbem-9859	333	28	]	]	PUNCT
fbem-9859	333	29	.	.	PUNCT
fbem-9859	334	1	china	china	PROPN
fbem-9859	334	2	economics,2022	economics,2022	PROPN
fbem-9859	334	3	,	,	PUNCT
fbem-9859	334	4	(	(	PUNCT
fbem-9859	334	5	01):368	01):368	NOUN
fbem-9859	334	6	-	-	PUNCT
fbem-9859	334	7	370	370	NUM
fbem-9859	334	8	.	.	PUNCT