Dynamic linkages between China’s OFDI, transport, and green economic growth: Empirical evidence from the B&R countries

IF 4 4区环境科学与生态学 Q2 ENVIRONMENTAL STUDIES Energy & Environment Pub Date : 2022-07-19 DOI:10.1177/0958305X221115094

Liguo Zhang, Cuiting Jiang, Xiang Cai, Jun Wu

引用次数: 1

Abstract

China’s outward foreign direct investment (OFDI) provides a window of opportunity for the Belt and Road (B&R) countries to solve their transportation challenges and achieve green economic growth. This study examines the causal relationship between China’s OFDI, transport, and green economic growth in 63 B&R countries from 2005 to 2019 using system GMM estimators. The empirical results indicate that there is a multifarious relationship between these factors. China’s OFDI can effectively facilitate the transport infrastructure construction of host countries, which will spur green economic growth. Moreover, the B&R countries with transport and green economic growth gap are more likely to contribute to China’s OFDI “attractiveness.” These conclusions provide a policy basis for the B&R countries to attract China’s OFDI, develop adequate transportation infrastructure, and enhance sustainable green economic growth.

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中国对外直接投资、交通运输与绿色经济增长的动态联系:来自“一带一路”沿线国家的经验证据

中国对外直接投资(OFDI)为“一带一路”沿线国家解决交通运输挑战、实现绿色经济增长提供了机遇之窗。本研究利用系统GMM估计器检验了2005 - 2019年中国在63个“一带一路”国家的对外直接投资、运输和绿色经济增长之间的因果关系。实证结果表明，这些因素之间存在着多种关系。中国对外直接投资可以有效促进东道国交通基础设施建设，促进绿色经济增长。此外，交通运输和绿色经济增长差距较大的“一带一路”国家更有可能为中国的对外直接投资“吸引力”做出贡献。这些结论为沿线国家吸引中国对外直接投资、发展充足的交通基础设施、促进可持续绿色经济增长提供了政策依据。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Energy & Environment ENVIRONMENTAL STUDIES-

CiteScore

7.60

自引率

7.10%

发文量

157

期刊介绍： Energy & Environment is an interdisciplinary journal inviting energy policy analysts, natural scientists and engineers, as well as lawyers and economists to contribute to mutual understanding and learning, believing that better communication between experts will enhance the quality of policy, advance social well-being and help to reduce conflict. The journal encourages dialogue between the social sciences as energy demand and supply are observed and analysed with reference to politics of policy-making and implementation. The rapidly evolving social and environmental impacts of energy supply, transport, production and use at all levels require contribution from many disciplines if policy is to be effective. In particular E & E invite contributions from the study of policy delivery, ultimately more important than policy formation. The geopolitics of energy are also important, as are the impacts of environmental regulations and advancing technologies on national and local politics, and even global energy politics. Energy & Environment is a forum for constructive, professional information sharing, as well as debate across disciplines and professions, including the financial sector. Mathematical articles are outside the scope of Energy & Environment. The broader policy implications of submitted research should be addressed and environmental implications, not just emission quantities, be discussed with reference to scientific assumptions. This applies especially to technical papers based on arguments suggested by other disciplines, funding bodies or directly by policy-makers.