{"title":"China's foreign direct investments: Do they promote domestic green technology?","authors":"Xiang Cai , Xiaohui Zhao , Cuiting Jiang , Liguo Zhang","doi":"10.1016/j.jpolmod.2023.08.002","DOIUrl":null,"url":null,"abstract":"<div><p>This study systematically analyses the nonlinear relationship between China's outward foreign direct investment (OFDI) and reverse green technological progress (RGTP) using fixed effects (FE) model based on panel data for 31 Chinese provinces from 2001 to 2020. We find that the link between China's OFDI and RGTP is an inverted U-shaped curve. In addition, environmental regulation and technology gaps all reduce the height of the inverted U-shaped inflection point. Environmental regulation prolongs the \"climb\" stage while technology gaps compress the \"climb\" stage of the inverted U-curve relationship significantly. This result is verified in further robustness tests. The four transmission mechanisms of China's OFDI on RGTP play a positive role: these findings may help policymakers to design more flexible and effective OFDI policies.</p></div>","PeriodicalId":48015,"journal":{"name":"Journal of Policy Modeling","volume":"46 1","pages":"Pages 60-74"},"PeriodicalIF":3.5000,"publicationDate":"2024-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Journal of Policy Modeling","FirstCategoryId":"96","ListUrlMain":"https://www.sciencedirect.com/science/article/pii/S0161893823000960","RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q1","JCRName":"ECONOMICS","Score":null,"Total":0}
引用次数: 0
Abstract
This study systematically analyses the nonlinear relationship between China's outward foreign direct investment (OFDI) and reverse green technological progress (RGTP) using fixed effects (FE) model based on panel data for 31 Chinese provinces from 2001 to 2020. We find that the link between China's OFDI and RGTP is an inverted U-shaped curve. In addition, environmental regulation and technology gaps all reduce the height of the inverted U-shaped inflection point. Environmental regulation prolongs the "climb" stage while technology gaps compress the "climb" stage of the inverted U-curve relationship significantly. This result is verified in further robustness tests. The four transmission mechanisms of China's OFDI on RGTP play a positive role: these findings may help policymakers to design more flexible and effective OFDI policies.
本研究基于2001-2020年中国31个省份的面板数据，利用固定效应（FE）模型系统分析了中国对外直接投资（OFDI）与逆向绿色技术进步（RGTP）之间的非线性关系。我们发现，中国对外直接投资与逆向绿色技术进步之间的联系呈倒 U 型曲线。此外，环境监管和技术差距都降低了倒 U 型拐点的高度。环境规制延长了 "爬升 "阶段，而技术差距则显著压缩了倒 U 型曲线关系的 "爬升 "阶段。这一结果在进一步的稳健性检验中得到了验证。中国对外直接投资的四种传导机制对 RGTP 起到了积极作用：这些发现可能有助于政策制定者设计更加灵活有效的对外直接投资政策。
期刊介绍：
The Journal of Policy Modeling is published by Elsevier for the Society for Policy Modeling to provide a forum for analysis and debate concerning international policy issues. The journal addresses questions of critical import to the world community as a whole, and it focuses upon the economic, social, and political interdependencies between national and regional systems. This implies concern with international policies for the promotion of a better life for all human beings and, therefore, concentrates on improved methodological underpinnings for dealing with these problems.
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