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Does Air Pollution Crowd Out Foreign Direct Investment Inflows? Evidence from a Quasi-natural Experiment in China

机译:空气污染是否遍历外国直接投资流入?来自中国拟自然实验的证据

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摘要

This study investigates whether air pollution crowds out foreign direct investment in China. We use a regression discontinuity design based on the lower air pollution to the South of the Qinling Mountains-Huai River line because the government did not develop coal-based central heating networks there, contrary to north of the line. We observe that for every 1% increase in PM2.5 concentration, foreign direct investment flows decrease by 0.393%, and foreign direct investment stocks decrease by 0.015%. By tracing the potential mechanisms, we find that air pollution may exert a negative impact on foreign direct investment inflows through its impacts on the health risks of the labor force and health insurance spending of foreign firms.
机译:本研究调查了空气污染是否会在中国携带外国直接投资。我们使用基于秦岭 - 淮河线南部的较低空气污染的回归不连续性设计,因为政府没有开发基于煤炭的中央供暖网络,与北方北方相反。我们观察到PM2.5浓度的每1%增加,外国直接投资流量减少0.393%,外国直接投资股减少0.015%。通过追查潜在的机制,我们发现空气污染可能通过对外国公司的劳动力和健康保险支出的影响,对外国直接投资流入对外直接投资流入。

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