Environmental regulation,industrial agglomeration and enterprise production decision adjustment
Implementing strict environmental policies is the key to improving the ecological environment.However,this is also a process that puts pressure on the production decisions of enterprises,and enterprises make different production decisions accordingly.This effect is particularly acute in the context of the important reality of industrial agglomeration.Based on the matching results of the"China Industrial Enterprise Database","China Enterprise Professional Application Database","China Enterprise Pollution Database"and the prefecture-level city panel database from 2003 to 2013,this paper constructs a comprehensive index of environmental regulation through principal component analysis,and clarifies the entire logical chain of environmental regulation affecting production decisions of enterprises,and the magnifying effect of industrial agglomeration on this path.The study found that:(1)When enterprises face environmental regulation,they affect their production decisions through two paths:the"innovation compensation"effect and the"following cost"effect.The former includes technological innovation,technology introduction,production efficiency and pollution control efficiency,and the latter includes changing output,capital renewal speed and exit from the market.(2)In the environment of industrial agglomeration,the effects of"innovation compensation"and"following costs"are amplified.Compared with specialized agglomeration,diversified agglomeration is more helpful to amplify the former,while specialized agglomeration is more helpful to amplify the latter.The conclusions of this paper can provide new empirical ideas for the production decisions of enterprises under industrial agglomeration and environmental regulation,and also provide empirical evidence for the formulation of suitable environmental and industrial policies.
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万方数据
