Fourné, Marius; Li, Xiang - Leibniz-Institut für Wirtschaftsforschung Halle - 2024 - This Version: August 22, 2024
This study employs bilateral data on external assets to examine the impact of climate policies on the reallocation of international capital. We find that the stringency of climate policy in the destination country is significantly and positively associated with an increase in the allocation of...