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| On the Carbon Reduction Effect of Digital Economy——Based on the Perspective of Factor Allocation |
| Gan Tianqi |
| (School of Economics， South-Central Minzu University， Wuhan 430074) |
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Abstract The digital economy is a new driving force for the new normal development of China's economy. The “carbon peaking and carbon neutrality” goals cannot be realized without the support of the digital economy. Based on the perspective of factor allocation， this paper conducts an empirical test with the panel data of 272 cities at or above prefecture level nationwide from 2011 to 2019， and explores the effect of the digital economy on the heterogeneity of urban carbon emissions by affecting factor allocation. The results show that the impact of the level of development of the digital economy on urban carbon emissions presents a clear “U” shape. After replacing the explanatory variables， selecting quasi natural experiments for the “Broadband China” pilot policy， excluding the samples of provincial capitals and municipalities directly under the central government， replacing clustering standard errors， and lagging the explanatory variables by one period， this conclusion is still valid. The development of digital economy can alleviate the distortion of factor allocation and promote urban carbon emission reduction， and its correction effect of capital distortion is higher than that of labor distortion. The carbon emission reduction effect of digital economy through improving factor allocation has a very significant difference among cities， and the carbon-emission reduction effect of cities with more serious capital mismatch and better development is more intense. For different types of cities， the mechanisms of digital economy to reduce carbon emissions by improving the distortion of factor allocation are different. The research conclusion of this article provides empirical evidence for actively leveraging the role of the digital economy in adjusting factor allocation to achieve the “carbon peaking and carbon neutrality” goals.
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Received: 08 December 2023
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2023, Vol. 62 
