Research on the Impact of China's Low Carbon City Pilot on High-Quality Economic Development Based on the Difference-in-Differences Model

Abstract

This paper takes China’s low-carbon city pilot as a quasi-natural experiment and constructs a multi-period difference-in-differences model to comprehensively evaluate the impact of the low-carbon city pilot on the high-quality development of urban economy. The study finds that the low-carbon city pilot has significantly promoted the high-quality development of urban economy. Further research finds that adjusting and optimizing industrial structure and encouraging green technological innovation are important mechanisms by which the low-carbon city pilot promotes the high-quality development of urban economy.