Economic growth and environmental pollution have become the bases of geopolitical competition due to the multiple constraints of growth in energy consumption and environmental protection in recent decades.Whether the ...Economic growth and environmental pollution have become the bases of geopolitical competition due to the multiple constraints of growth in energy consumption and environmental protection in recent decades.Whether the coordinated development of inward foreign direct investment(IFDI)and outward foreign direct investment(OFDI)promote economic growth while reducing environmental pollution and realizing high-quality development affects the overall socialist modernization under China’s“Dual Circulation”policy.Using China’s provincial panel data from 2005 to 2020,this paper first measured green total factor productivity(GTFP)and the coordinated development index(CDIFDI)of IFDI and OFDI via the slacks-based measureglobal Malmquist–Luenberger(SBM-GML)model and the capacity coupling model.A panel threshold model with interactive effects(PTIFEs)was then applied to explore the nonlinear impact of the CDIFDI on China’s GTFP.Finally,a regional heterogeneity analysis was conducted for China’s eastern,central and western regions of China.Results show that(1)GTFP in China kept rising with small fluctuations during the sample period,with the increasing range of GTFP decreasing from east to west.(2)CDIFDI had a significant“U”-shaped threshold effect on GTFP,and the main threshold variables were the industrial structure and the level of economic development.(3)CDIFDI played a positive role in promoting GTFP growth in the eastern region,while the effects of CDIFDI on GTFP in the central and western regions were not significant.Policy-makers and enterprises should comprehensively consider promoting regional industrial upgrading and economic growth to achieve a greater positive impact of CDIFDI on GTFP.Scientifically measuring GTFP and exploring the nonlinear impact of the CDIFDI on GTFP and regional heterogeneity provide helpful references for policy-makers to coordinate the high-quality development of regional economies.展开更多
Similar to the cross-border flow of commodities through trade,the global allocation of capital and the globalization of manufacturing are also subject to important domestic political influence.By increasing demand for...Similar to the cross-border flow of commodities through trade,the global allocation of capital and the globalization of manufacturing are also subject to important domestic political influence.By increasing demand for production factors and supply of products,the inflow of IFDI will increase competitive pressures facing manufacturers in the host country.This effect is similar to the import of goods.As such,in the face of external competitive pressures,the host country's manufacturers will oppose the inflow of foreign capital like they oppose the import of commodities unless restrictive measures are introduced.However,as revealed by the analysis on the attitudes of US semiconductor,renewable energy and steel manufacturers toward IFDI since the 1980 s,whether or not the manufacturers of a host country will call for restrictive or discriminatory policy against IFDI is largely influenced by the magnitude of their commercial interests in the source country of investment.A major factor of such influence is the potential reaction of the source country.Specifically,when a manufacturer has significant commercial interests in the source country of investment,this manufacturer is more likely to have an open policy preference toward direct investment from this country,and vice versa.展开更多
IFDI(inward foreign direct investment)与OFDI(outward foreign direct investment)对应,表示对外直接投资的流入。以东盟十国作为研究样本,着眼于服务业,实证分析2000年到2011年间东盟国家服务业IFDI的影响因素。结果显示,东盟国家...IFDI(inward foreign direct investment)与OFDI(outward foreign direct investment)对应,表示对外直接投资的流入。以东盟十国作为研究样本,着眼于服务业,实证分析2000年到2011年间东盟国家服务业IFDI的影响因素。结果显示,东盟国家的市场规模、服务业集聚程度、政治稳定度、人力资本水平和对外开放度对东盟服务业IFDI有显著正向影响,其中服务业集聚度的影响最突出,东盟国家的劳动力成本、服务业发展水平和商业存在有负向影响。基于研究结果,就东盟国家如何改善并利用自身区位优势以吸引服务业外资提出相应建议。展开更多
基金supported by the Key Project of National Philosophy and Social Science Foundation of China(Grant No.24AGL007).
文摘Economic growth and environmental pollution have become the bases of geopolitical competition due to the multiple constraints of growth in energy consumption and environmental protection in recent decades.Whether the coordinated development of inward foreign direct investment(IFDI)and outward foreign direct investment(OFDI)promote economic growth while reducing environmental pollution and realizing high-quality development affects the overall socialist modernization under China’s“Dual Circulation”policy.Using China’s provincial panel data from 2005 to 2020,this paper first measured green total factor productivity(GTFP)and the coordinated development index(CDIFDI)of IFDI and OFDI via the slacks-based measureglobal Malmquist–Luenberger(SBM-GML)model and the capacity coupling model.A panel threshold model with interactive effects(PTIFEs)was then applied to explore the nonlinear impact of the CDIFDI on China’s GTFP.Finally,a regional heterogeneity analysis was conducted for China’s eastern,central and western regions of China.Results show that(1)GTFP in China kept rising with small fluctuations during the sample period,with the increasing range of GTFP decreasing from east to west.(2)CDIFDI had a significant“U”-shaped threshold effect on GTFP,and the main threshold variables were the industrial structure and the level of economic development.(3)CDIFDI played a positive role in promoting GTFP growth in the eastern region,while the effects of CDIFDI on GTFP in the central and western regions were not significant.Policy-makers and enterprises should comprehensively consider promoting regional industrial upgrading and economic growth to achieve a greater positive impact of CDIFDI on GTFP.Scientifically measuring GTFP and exploring the nonlinear impact of the CDIFDI on GTFP and regional heterogeneity provide helpful references for policy-makers to coordinate the high-quality development of regional economies.
文摘Similar to the cross-border flow of commodities through trade,the global allocation of capital and the globalization of manufacturing are also subject to important domestic political influence.By increasing demand for production factors and supply of products,the inflow of IFDI will increase competitive pressures facing manufacturers in the host country.This effect is similar to the import of goods.As such,in the face of external competitive pressures,the host country's manufacturers will oppose the inflow of foreign capital like they oppose the import of commodities unless restrictive measures are introduced.However,as revealed by the analysis on the attitudes of US semiconductor,renewable energy and steel manufacturers toward IFDI since the 1980 s,whether or not the manufacturers of a host country will call for restrictive or discriminatory policy against IFDI is largely influenced by the magnitude of their commercial interests in the source country of investment.A major factor of such influence is the potential reaction of the source country.Specifically,when a manufacturer has significant commercial interests in the source country of investment,this manufacturer is more likely to have an open policy preference toward direct investment from this country,and vice versa.
文摘IFDI(inward foreign direct investment)与OFDI(outward foreign direct investment)对应,表示对外直接投资的流入。以东盟十国作为研究样本,着眼于服务业,实证分析2000年到2011年间东盟国家服务业IFDI的影响因素。结果显示,东盟国家的市场规模、服务业集聚程度、政治稳定度、人力资本水平和对外开放度对东盟服务业IFDI有显著正向影响,其中服务业集聚度的影响最突出,东盟国家的劳动力成本、服务业发展水平和商业存在有负向影响。基于研究结果,就东盟国家如何改善并利用自身区位优势以吸引服务业外资提出相应建议。
