scholarly journals Carbon Emission Effects of the Coordinated Development of Two-Way Foreign Direct Investment in China

2019 ◽  
Vol 11 (8) ◽  
pp. 2428 ◽  
Author(s):  
Yafei Wang ◽  
Meng Liao ◽  
Yafei Wang ◽  
Arunima Malik ◽  
Lixiao Xu

This paper innovatively combines Inward Foreign Direct Investment (IFDI) and Outward Foreign Direct Investment (OFDI) as a measure of two-way FDI coordinated development to consider the coupling and coordination level of FDI. Under the analytical framework of Copeland and Taylor (1994), it introduces this new measure to investigate the effects of China’s carbon emissions during 2004–2016, using the spatial econometric model and the differential generalized method of moments. We find that China’s carbon emissions show significant spatial correlation characteristics and interregional diffusion, which indicates that regional coordinated cooperative governance is key to carbon emission mitigation in China, and that China’s two-way FDI coordinated development has presented a significant braking effect on carbon emissions during the research period. Furthermore, we decompose the effects of the two-way FDI on carbon emissions into three parts. This decomposition shows that the scale effect is positive, while both the composition and the technique effects are negative. The technique effect essentially dominates the emission reduction induced by the coordinated development of the two-way FDI.

2021 ◽  
Author(s):  
hayat khan ◽  
Liu weili ◽  
itbar khan

Abstract This study explores the moderating power of institutional quality on carbon emission through renewable energy consumption, foreign direct investment, economic growth and financial development in the globe for the period of 2002 to 2019. By using two Step System Generalized Method of Moments, the results illustrate that renewable energy usage and foreign direct investment inflow enhance environmental quality while financial development and economic growth lowers environmental quality in the panel. The results shows that quality institutions in countries are still not yet adequate to defend the harmful impact of every environmental factor and protect environment however, the interaction term of institutional quality confirms the significant moderating effect of all explanatory variables on environmental quality in the panel. The findings also confirm the existence of Environmental Kuznets Curve and evidence the pollution halo hypothesis. The findings of this paper can be useful for policy makers whereas conducting stricter environmental regulation.


2021 ◽  
Vol 13 (5) ◽  
pp. 2722
Author(s):  
Shijian Wu ◽  
Kaili Zhang

Reducing carbon emissions and realizing green, circular, and low-carbon development is essential for high-quality economic development. Following the construction of a superefficiency SBM model and combining the panel data of three major urban agglomerations in the Yangtze River Economic Belt from 2003 to 2017, carbon emission efficiency was measured and analyzed. A spatial Durbin model (SDM) was incorporated to analyze the urban agglomerations in the Yangtze River Economic Belt and the impact of urbanization quality and foreign direct investment (FDI) on carbon emission efficiency. Finally, the SDM model was used to decompose the spillover effect. Generally, carbon emission efficiency in the three major urban agglomerations in the Yangtze River Economic Belt is low, with regional differences. FDI only has a positive impact on the carbon emissions of the Yangtze River Delta and the middle reaches of the Yangtze River. Furthermore, urbanization and population density have led to high levels of carbon emission in the region; however, the industrial structure and energy intensity factors have inhibited the improvement of regional carbon emission efficiency. Improving the quality of urbanization and trade structure is important to achieve energy conservation and emission reductions, which are pillars of sustainable economic development.


2021 ◽  
Vol 12 ◽  
Author(s):  
Hao Hu ◽  
Haiyan Wang ◽  
Shuang Zhao ◽  
Xun Xi ◽  
Lan Li ◽  
...  

Exploring the path and mechanism of marketization level in the effect of foreign direct investment (FDI) on carbon emission performance will help to maximize the stimulation effect of foreign investment on green and low-carbon development. This study used the panel data of 11 provinces and cities in the Yangtze River Economic Belt from 2008 to 2016. A panel threshold model is constructed to explore the non-linear relationship between FDI and carbon emissions performance from the perspective of marketization level. The main conclusions are as follows: First, from the perspective of marketization level, a significant double threshold effect exists between foreign participation and carbon emission intensity, with threshold values of 4.4701 and 9.2516 respectively. Second, as the marketization level increases, the technology spillover effect of FDI increases, and the stimulation effect of foreign participation on carbon intensity decreases significantly, but it does not inhibit carbon intensity, indicating that the overall benefits brought by FDI technology spillovers are still insufficient to offset pollution caused by foreign investment. Third, the eastern region of the Yangtze River Economic Belt has crossed the second threshold. In the central and western regions, the marketization process is relatively slow except for Chongqing, and the regions are still firmly stuck between the first and second thresholds. In response to the conclusions of the empirical research, relevant policy suggestions are put forward from three dimensions, namely, the strategy of introducing foreign investment, construction of the marketization system, and environmental regulation, to achieve low-carbon and green development in the Yangtze River Economic Belt.


2021 ◽  
Vol 29 (2) ◽  
pp. 49-72
Author(s):  
Wei Feng ◽  
Yanrui Wu ◽  
Yue Fu

2004 ◽  
Vol 33 (2) ◽  
pp. 99-130 ◽  
Author(s):  
K.C. Fung ◽  
Hitomi Iizaka ◽  
Sarah Y. Tong

2002 ◽  
Vol 172 ◽  
pp. 1065-1103
Author(s):  
Qi Luo

This is a competent work that challenges the claim of new institutional economics and international regime theory that effective state institutions in the host country are vital to the inflow, and indeed growth, of foreign direct investment (FDI). It argues that the large amount of FDI China has attracted so far has been facilitated more by the informal societal institutions represented by strong personal networks operating in the country than by the formal state institutions manifested by the weak legal system. The author validates her arguments with a large number of anecdotes based on over 100 interviews she conducted in China.


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