Tan, Yong; Shi, Qing; Xuan, Siyuan; Yang, Guang - In: International studies of economics 18 (2023) 1, pp. 21-52
This paper investigates the influence of environmental regulations on outward foreign direct investment (OFDI). We first develop a simple model to show that an increase in emission tax in the domestic market induces firm-level foreign direct investment (FDI) activities. We next take advantage of...