Low-altitude Economy and Cross-regional Investment

DOI

10.2991/978-94-6239-701-9_20How to use a DOI?

Keywords

low-altitude economy; cross-regional investment; industrial agglomeration; sunk redundant resources; supply chain stability

Abstract

The low-altitude economy represents a new form of productive forces, and its impact on enterprises’ cross-regional investment warrants further examination. Drawing on data from Chinese A-share listed companies between 2001 and 2024, this study employs a fixed-effects model to analyze how low-altitude economy pilot policies influence enterprises’ cross-regional investment. Results indicate that such pilot policies inhibit cross-regional investment, with this conclusion remaining robust after stability tests. Further analysis reveals that the low-altitude economy exerts its effects through multiple channels: enhancing industrial agglomeration to strengthen firms’ local roots, reducing redundant resources to limit cross-regional expansion capacity, and diminishing supply chain stability to increase operational risks in distant locations. Heterogeneity analysis indicates that the suppression effect is most pronounced among state-owned enterprises, firms with weaker CEO backgrounds, and non-technology-intensive, non-capital-intensive businesses. This study reveals that the nascent low-altitude economy exerts a certain degree of restraint on interregional capital flows, thereby potentially guiding rational capital allocation.

Copyright

© 2026 The Author(s)

Open Access

Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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TY  - CONF
AU  - Jisen Chang
PY  - 2026
DA  - 2026/07/30
TI  - Low-altitude Economy and Cross-regional Investment
BT  - Proceedings of the 2026 11th International Conference on Social Sciences and Economic Development (ICSSED 2026)
PB  - Atlantis Press
SP  - 186
EP  - 197
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6239-701-9_20
DO  - 10.2991/978-94-6239-701-9_20
ID  - Chang2026
ER  -