How Can Low-Carbon City Construction Enhance Urban Economic Resilience? A Mechanism Analysis Based on Industrial Agglomeration and Technological Innovation Effects

How to effectively enhance urban economic resilience from a policy perspective is an issue worth paying attention to. As an important institutional design for promoting green and sustainable economic development, has the national low-carbon city pilot policy had a significant impact on urban economic resilience? Based on the Panel data of 257 cities in China from 2005 to 2019, and according to the variation of low-carbon pilot policies in different cities and pilot times, this paper uses the difference in differences (DID) to estimate the impact of low-carbon city construction on economic resilience and discusses the mechanism of low-carbon city pilot policies on economic resilience. We find that compared with non-low-carbon pilot cities, low-carbon pilot cities have stronger economic resilience, indicating that low-carbon city construction significantly improves urban economic resilience. This policy effect is more obvious in non-resource cities and non-old industrial cities. The mechanism shows that low-carbon city pilot policies have an impact on urban economic resilience through industrial agglomeration and technological innovation effects. The results provide experience support for the policy of promoting the construction of low-carbon cities across China to give full play to the economic effects of pilot policies of low-carbon cities.