Abstract:

This article takes low-carbon city pilot projects as exogenous shocks and uses panel data from 282 prefecture-level cities in China from 2005 to 2020 to test the impact of pilot policies on industrial transformation and upgrading using the DID model. Research has shown that low-carbon city pilot projects have significantly promoted industrial transformation and pilot area upgrades. Mechanism analysis found that the low-carbon city pilot program mainly promotes local industrial transformation and upgrading through the government's top-down resource reallocation mechanism and the bottom-up self-selection mechanism of the effective market. In addition, low-carbon city pilot policies have obvious regional heterogeneity and tool heterogeneity. The policy has a more significant effect on industrial transformation and upgrading in the eastern regions, and command control and market incentive policy tools significantly promote regional industrial transformation and upgrading. The above conclusion provides a practical basis for China to achieve the "dual carbon" goal while also considering industrial transformation and up-grading.

Key words:

 , low-carbon city pilot policy, industrial transformation and upgrading, difference-in-difference model, active government, effective market

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