The Impact of China’s Low-Carbon Initiative on the Location Expansion of International SPA Enterprises

“Fast fashion” represents a short product life cycle, and international SPA enterprises are therefore criticised as representatives of high energy consumption, pollution, and emissions, which is contrary to China’s goal of achieving carbon neutrality. In the context of China’s shift to a low-carbon...

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Autores principales:	Zhaoyang Zhao, Chong Ye
Formato:	article
Lenguaje:	EN
Publicado:	Hindawi Limited 2021
Materias:	Mathematics QA1-939
Acceso en línea:	https://doaj.org/article/bee11f75ce6048ebbb6613396c06cf8f
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spelling	oai:doaj.org-article:bee11f75ce6048ebbb6613396c06cf8f2021-11-22T01:10:11ZThe Impact of China’s Low-Carbon Initiative on the Location Expansion of International SPA Enterprises1607-887X10.1155/2021/8933067https://doaj.org/article/bee11f75ce6048ebbb6613396c06cf8f2021-01-01T00:00:00Zhttp://dx.doi.org/10.1155/2021/8933067https://doaj.org/toc/1607-887X“Fast fashion” represents a short product life cycle, and international SPA enterprises are therefore criticised as representatives of high energy consumption, pollution, and emissions, which is contrary to China’s goal of achieving carbon neutrality. In the context of China’s shift to a low-carbon economic development model, how should SPA enterprises breakthrough in the face of China’s large-scale market advantage and domestic demand potential? Based on the statistics of 277 prefecture-level cities from 2010 to 2018, this article selects 5 leading international SPA enterprises and uses the difference-in-differences (DID) method to explore the impact of low-carbon initiative on the location expansion of international SPA enterprises. The results suggest that the quantity of location expansions of SPA enterprises in the pilot cities is significantly lower by approximately 0.418 units compared with the nonpilot cities, implying that the low-carbon initiative has a significant inhibitory effect on the location expansion of SPA enterprises. After a series of robustness tests, the conclusion is valid. The results of the heterogeneity test suggest that the suppression effect is mainly found in the subsample of central cities and cities with medium and low levels of economic development. This article proposes that SPA enterprises should reduce their carbon emissions and gradually explore a green and sustainable development path.Zhaoyang ZhaoChong YeHindawi LimitedarticleMathematicsQA1-939ENDiscrete Dynamics in Nature and Society, Vol 2021 (2021)
institution	DOAJ
collection	DOAJ
language	EN
topic	Mathematics QA1-939
spellingShingle	Mathematics QA1-939 Zhaoyang Zhao Chong Ye The Impact of China’s Low-Carbon Initiative on the Location Expansion of International SPA Enterprises
description	“Fast fashion” represents a short product life cycle, and international SPA enterprises are therefore criticised as representatives of high energy consumption, pollution, and emissions, which is contrary to China’s goal of achieving carbon neutrality. In the context of China’s shift to a low-carbon economic development model, how should SPA enterprises breakthrough in the face of China’s large-scale market advantage and domestic demand potential? Based on the statistics of 277 prefecture-level cities from 2010 to 2018, this article selects 5 leading international SPA enterprises and uses the difference-in-differences (DID) method to explore the impact of low-carbon initiative on the location expansion of international SPA enterprises. The results suggest that the quantity of location expansions of SPA enterprises in the pilot cities is significantly lower by approximately 0.418 units compared with the nonpilot cities, implying that the low-carbon initiative has a significant inhibitory effect on the location expansion of SPA enterprises. After a series of robustness tests, the conclusion is valid. The results of the heterogeneity test suggest that the suppression effect is mainly found in the subsample of central cities and cities with medium and low levels of economic development. This article proposes that SPA enterprises should reduce their carbon emissions and gradually explore a green and sustainable development path.
format	article
author	Zhaoyang Zhao Chong Ye
author_facet	Zhaoyang Zhao Chong Ye
author_sort	Zhaoyang Zhao
title	The Impact of China’s Low-Carbon Initiative on the Location Expansion of International SPA Enterprises
title_short	The Impact of China’s Low-Carbon Initiative on the Location Expansion of International SPA Enterprises
title_full	The Impact of China’s Low-Carbon Initiative on the Location Expansion of International SPA Enterprises
title_fullStr	The Impact of China’s Low-Carbon Initiative on the Location Expansion of International SPA Enterprises
title_full_unstemmed	The Impact of China’s Low-Carbon Initiative on the Location Expansion of International SPA Enterprises
title_sort	impact of china’s low-carbon initiative on the location expansion of international spa enterprises
publisher	Hindawi Limited
publishDate	2021
url	https://doaj.org/article/bee11f75ce6048ebbb6613396c06cf8f
work_keys_str_mv	AT zhaoyangzhao theimpactofchinaslowcarboninitiativeonthelocationexpansionofinternationalspaenterprises AT chongye theimpactofchinaslowcarboninitiativeonthelocationexpansionofinternationalspaenterprises AT zhaoyangzhao impactofchinaslowcarboninitiativeonthelocationexpansionofinternationalspaenterprises AT chongye impactofchinaslowcarboninitiativeonthelocationexpansionofinternationalspaenterprises
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The Impact of China’s Low-Carbon Initiative on the Location Expansion of International SPA Enterprises

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