China urban low-carbon constraint and heterogeneous enterprise location choice,Journal of Cleaner Production

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China urban low-carbon constraint and heterogeneous enterprise location choice
Journal of Cleaner Production ( IF 9.7 ) Pub Date : 2024-12-16 , DOI: 10.1016/j.jclepro.2024.144504
Xuan Zou, Xianghan Yue, Xu Yang, Siqian Zou

This study investigates the impact of low-carbon constraints on the location choices of heterogeneous firms. Based on data from 282 prefecture-level cities in China and 293,800 newly estabilished firms, this paper empirically analyzes the impact of urban low-carbon constraints on firms' location choices. Using a two-way fixed effect model and instrumental variables, a low-carbon location choice effect was found, indicating that the stronger the intensity of a city's low-carbon constraints, the more willing high-productivity firms are to enter. Urban low-carbon constraints can prompt enterprises to engage in technological innovation, attracting high-productivity enterprises while inhibiting the entry of low-productivity enterprises. Additionally, low-carbon constraints enhance the market potential of cities and reduce labor costs, attracting various types of enterprises. A heterogeneity analysis reveals that urban low-carbon constraints are more attractive to firms in small and super cities in terms of city size, regular prefecture-level cities in terms of hierarchy, and energy- and technology-intensive businesses in terms of industry. These findings provide a theoretical basis and practical reference for the formulation of urban low-carbon constraint policies.

更新日期：2024-12-21

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