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How do environmental regulation and foreign investment behavior affect green productivity growth in the industrial sector? An empirical test based on Chinese provincial panel data

机译:环境监管和外国投资行为如何影响工业部门的绿色生产力增长? 基于中国省级面板数据的实证考验

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This study investigates the impact of environmental regulations (ERs) and foreign direct investment (FDI) on the green total factor productivity (GTFP) of the industrial sectors in 30 provinces in China by controlling human capital, technological innovation, energy structure, degree of opening up, and ownership structure for the period of 2004-2017. This not only helps to explain the influence path of ERs and FDI on green economic growth, but also effectively measures the moderating effect of ERs on technology spillover from FDI. The purpose of this paper is to explore the relationship between ERs, FDI and industrial GTFP from the perspective of regional heterogeneity, focusing on studying how ERs regulate the impact of FDI on GTFP. By constructing an influence mechanism of ERs and FDI on industrial GTFP, this study employs the feasible generalized least squares (FGLS) model and dynamic generalized method of moments (GMM) model to analyze the effects of ERs, FDI and their cross-terms on GTFP. The empirical results show that (1) the relationship between ERs and GTFP is not linear, but "U"-shaped and China is still in the left half of the "U"-shaped curve; (2) FDI flowing into China has a "pollution heaven" effect on the GTFP in the eastern and central regions while a "pollution halo" effect on the GTFP in the western region; (3) the strengthening of ERs weakens the negative effect of FDI on GTFP and plays a role in "screening" foreign investment; and (4) the spatial heterogeneity could affect the synergistic effect between ERs and FDI. Therefore, it is necessary for China to consider a series of environmental policies to "screen" inward FDI to ensure its move to a green economy benefits its own sustainable development by contributing to the increase in GTFP.
机译:本研究通过控制人力资本,技术创新,能源结构,开放程度,调查环境法规(ERS)和外国直接投资(FDI)对中国30个省市的绿色总因素生产率(GTFP)的影响2004 - 2017年期间的上涨和所有权结构。这不仅有助于解释ERS和FDI对绿色经济增长的影响,而且还有效测量ERS对FDI技术溢出的调节效果。本文的目的是探讨从区域异质性的角度来探讨ERS,FDI和Industrial GTFP的关系,专注于研究ELS如何调节FDI对GTFP的影响。通过构建IAS和FDI对工业GTFP的影响机制,本研究采用可行的广泛性最小二乘(FGL)模型和动态广义(GMM)模型的模型,以分析ERS,FDI及其对GTFP的跨术的影响。经验结果表明,(1)ERS和GTFP之间的关系不是线性的,但是“U”形和中国仍处于“U”曲线的左半部分; (2)FDI流入中国有“污染天国”对东部和中央地区的GTFP影响,而“污染晕”对西部地区的GTFP影响; (3)加强人员削弱了外国直接投资对GTFP的负面影响,并在“筛选”外商投资中发挥作用; (4)空间异质性可能影响ERS和FDI之间的协同效应。因此,中国有必要考虑一系列环境政策,以“屏幕”向内的外国直接投资,以确保其对绿色经济的迁移,通过促进GTFP的增加,使其成为自身可持续发展。

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