Pan, Guoqin; Bao, Qun; Huang, Rui - In: China economic quarterly international : CEQI 3 (2023) 4, pp. 238-247
Polluting firms typically relocate to avoid stringent environmental regulations. Based on China's Two Control Zones (TCZ) policy, we examine the impact of environmental regulation on firms' location decisions. The results show that in the upwind TCZ near interprovincial areas, the distance of...