Environmental regulation and French firms location abroad: An economic geography model in an international comparative study
Environmental regulation and French firms location abroad: An economic geography model in an international comparative study
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DOI：
10.1016/j.ecolecon.2011.10.005
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发表时间：
2012-05-01
影响因子：
7
通讯作者：
Zugravu, Natalia
中科院分区：
文献类型：
--
作者：
Ben Kheder, Sonia;Zugravu, Natalia
在本研究中，我们从理论和实证两个方面重新审视了污染避风港假说。我们工作的独创性是双重的。首先，我们运用了一个经济地理模型，目的是推导出环境监管对企业区位选择影响的严格规范。其次，我们在国际比较研究中使用法国公司层面的数据检验了条件logit模型。我们在接受法国直接投资的国家样本中确认了强烈的污染避风港效应的证据。然而，通过敏感性分析，我们在发达国家和大多数新兴经济体以及中欧和东欧国家验证了这一发现，但在独立国家联合体和发展中国家的大多数国家却不是这样，在这些国家，更严格的环境法规似乎吸引了投资。此外，我们强调了企业在区位决策方面的前瞻性行为。(C) 2011 Elsevier B.V.版权所有
In this study, we re-examine the pollution haven hypothesis by a fresh take on both its theoretical and empirical aspects. The originality of our work is twofold. First, we apply an economic geography model with the aim of deriving a rigorous specification for the impact of environmental regulation on firms' location choice. Second, we test a conditional logit model using French firm-level data in an international comparative study. We confirm evidence of a strong pollution haven effect for our pooled sample of countries receiving French direct investments. However, through a sensitivity analysis, we validate this finding for developed countries and most of emerging economies and Central and Eastern European countries, but not for most countries of the Commonwealth of Independent States and developing countries, where a more stringent environmental regulation seems to attract investments. Furthermore, we highlight a forward looking behavior of firms, in terms of their location decision-making. (C) 2011 Elsevier B.V. All rights reserved.