Environmental Regulations and New Plant Location Decisions: Evidence from a Meta‐Analysis
通过元分析整合11项研究的365个观测值，发现研究方法显著影响环境规制对工厂选址效应的估计结果，为未来研究提供方向。
Stricter environmental regulations are often opposed on the grounds that they will alter equilibrium capital flows. Empirical evidence in this area remains largely unresolved, mainly due to the quite disparate results found in the literature. This paper takes a positive look at the relationship between new manufacturing plant location decisions and environmental regulations by examining data from 11 studies that provide more than 365 observations. One major result from our meta‐analysis is that methodological considerations play a critical role in shaping the body of received estimates. Our empirical estimates also lend insights into future research that is necessary before any robust conclusions can be made regarding the effects of environmental regulations on capital flows.