Returning Laborers' Entrepreneurship and Low-carbon Development in the County

WEI Bin-hui; LUO Ming-zhong

Volume 39 Issue 1

Jan. 2024

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WEI Bin-hui, LUO Ming-zhong. Returning Laborers' Entrepreneurship and Low-carbon Development in the County[J]. Journal of Guangdong University of Finance & Economics, 2024, 39(1): 70-84.

Citation:

WEI Bin-hui, LUO Ming-zhong. Returning Laborers' Entrepreneurship and Low-carbon Development in the County[J]. Journal of Guangdong University of Finance & Economics, 2024, 39(1): 70-84.

WEI Bin-hui, LUO Ming-zhong. Returning Laborers' Entrepreneurship and Low-carbon Development in the County[J]. Journal of Guangdong University of Finance & Economics, 2024, 39(1): 70-84.

Citation:

WEI Bin-hui, LUO Ming-zhong. Returning Laborers' Entrepreneurship and Low-carbon Development in the County[J]. Journal of Guangdong University of Finance & Economics, 2024, 39(1): 70-84.

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Returning Laborers' Entrepreneurship and Low-carbon Development in the County

School of Economics and Management, South China Agricultural University, Guangzhou 510642, China

Received Date: 2023-04-21
Available Online: 2024-01-30
Publish Date: 2024-01-28

Abstract

Abstract

Entrepreneurship is a crucial way to achieve sustainable economic development. This paper uses the implement of returning home for entrepreneurship policy in China as a quasi-natural experiment. Based on samples from 2097 Chinese counties from 2010 to 2020, it analyzes the internal mechanism that returning home for entrepreneurship has effects on carbon emissions through multidimensional theory, and empirically examines the carbon emission reduction effect of labor force returning to their hometowns for entrepreneurship. The research indicates that encouraging entrepreneurs to return to their hometowns significantly lowers carbon emissions in these regions, thereby fostering green and low-carbon growth. This effect persists even when controlling for potential confounding factors. The policy facilitates carbon reduction through three main avenues: diminishing energy consumption, advancing industrial restructuring, and boosting technological innovation. However, the policy's effectiveness in reducing carbon emissions hinges on the county's level of digitalization and market development. Only when these reach a certain threshold does the policy's impact become pronounced. Consequently, it's vital to not only encourage entrepreneurship but also enhance digital infrastructure and market-oriented reforms at the county level to rationalize inter-county resource reallocation.
- returning home for entrepreneurship,
- industrial upgrading,
- technological innovation,
- carbon emissions,
- green development,
- county economy

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References(50)

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