环境承载力对中国对外直接投资的影响研究
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摘要
基于2004～2016年中国部分省级面板数据,分析了环境承载力对中国对外直接投资的影响。样本回归结果显示:环境承载力与中国对外直接投资呈显著负相关关系,表明环境承载力的减弱会促进中国进行对外直接投资;环境承载力变化对中国对外直接投资的影响具有地区差异性,对西部的影响显著大于东部和中部地区。门槛回归模型的结果表明,环境承载力对对外直接投资存在单一门槛效应,随着环境承载力的减弱,其对对外直接投资的影响力会增强。
Based on the 2004-2016 provincial panel data,this paper empirically analyzes the impact of environmental carrying capacity on China’s foreign direct investment.The results of the sample regression show that there is a significant negative correlation between environmental carrying capacity and China’s direct foreign investment,indicating that the decline in environmental carrying capacity will promote China’s direct foreign investment. The impact of changes in environmental carrying capacity on China’s foreign direct investment is regionally different,and its impact on the west is significantly greater than that in the eastern and central regions. The results of the threshold regression model indicate that there is a single threshold effect of environmental carrying capacity on FDI. With the decline of environmental carrying capacity,its influence on OFDI will increase.
Based on the 2004-2016 provincial panel data,this paper empirically analyzes the impact of environmental carrying capacity on China’s foreign direct investment.The results of the sample regression show that there is a significant negative correlation between environmental carrying capacity and China’s direct foreign investment,indicating that the decline in environmental carrying capacity will promote China’s direct foreign investment. The impact of changes in environmental carrying capacity on China’s foreign direct investment is regionally different,and its impact on the west is significantly greater than that in the eastern and central regions. The results of the threshold regression model indicate that there is a single threshold effect of environmental carrying capacity on FDI. With the decline of environmental carrying capacity,its influence on OFDI will increase.
引文
[1]蔡之兵,祖强.我国对外直接投资增长的影响因素研究——基于因子分析模型[J].国际商务——对外经济贸易大学学报,2012(3):80-88.
[2]何玉梅,罗巧.环境规制、技术创新与工业全要素生产率——对“强波特假说”的再检验[J].软科学,2018,32(4):20-25.
[3]黄静波,张安民.中国对外直接投资主要动因类型的实证研究——基于1982~2007年的外向投资流向分析[J].国际经贸探索,2009,25(7):4-10.
[4]贾军,魏洁云,王悦.环境规制对中国OFDI的绿色技术创新影响差异分析——基于异质性东道国视角[J].研究与发展管理,2017,29(6):81-90.
[5]景红桥,王伟.金融体制、法律起源与我国对外直接投资的区位选择[J].国际贸易问题,2013(12):148-156.
[6]雷勋平,邱广华.基于熵权TOPSIS模型的区域资源环境承载力评价实证研究[J].环境科学学报,2016,36(1):314-323.
[7]李洪亚,董建功.所有制改革与OFDI:中国的证据[J].世界经济研究.2017(2):62-78.
[8]李洪亚,宫汝凯.技术进步与中国OFDI:促进与溢出的双重考察[J].科学学研究,2016,34(1):57-68.
[9]李磊,郑昭阳.议中国对外直接投资是否为资源寻求型[J].国际贸易问题,2012(2):146-157.
[10]李小萌,陈建先,师磊.人民币汇率变动对中国OFDI的影响——以对东盟十国投资为例[J].国际商务——对外经济贸易大学学报,2017(3):114-123.
[11]李影.环境承载力视角下的中国区域划分——基于多指标省域面板数据的聚类分析[J].工业技术经济,2015(12):62-70.
[12]潘素昆,袁然.不同投资动机OFDI促进产业升级的理论与实证研究[J].经济学家,2014(9):69-76.
[13]祁春凌,邹超.东道国制度质量、制度距离与中国的对外直接投资区位[J].当代财经,2013(7):100-110.
[14]秦成,王红旗,田雅楠,等.资源环境承载力评价指标研究[J].中国人口·资源与环境,2011,21(12):335-338.
[15]邱立成,王凤丽.我国对外直接投资主要宏观影响因素的实证研究[J].国际贸易问题,2008(6):78-82.
[16]宋勇超.中国对外直接投资目的效果检验——以资源寻求型OFDI为视角[J].经济问题探索,2013(8):123-129.
[17]许晓芹,廉晓梅.国内环境污染与对外直接投资——基于韩国道(市)际面板数据的实证检验[J].生态经济,2017,33(2):98-102.
[18]徐旸慜,姜建刚.东道国制度视角下我国对外直接投资的决定因素[J].上海经济研究,2014(2):23-31.
[19]杨校美.吸引外资能促进对外投资吗——基于新兴经济体的面板数据分析[J].南方经济,2015(8):63-76
[20]杨英,任荣明.促进我国企业对外直接投资的政策制定导向研究[J].上海管理科学,2015,37(5):81-84
[21]尹飞霄,朱英明.环境规制对中国对外直接投资的影响——基于中国省际动态面板数据的实证分析[J].技术经济,2017,36(9):106-114.
[22]张慧,黄建忠.我国对外直接投资区位分布的影响因素分析——基于新经济地理理论的探讨[J].国际商务——对外经济贸易大学学报,2014(5):53-65
[23]张新乐,王文明,王聪.我国对外直接投资决定因素的实证研究[J].国际贸易问题,2007(5):91-96.
[24]赵春明,解亮品.以产业升级为导向的我国对外直接投资产业选择策略分析[J].新视野·中国社会经济发展战略,2015(1):91-97.
[25]郑展鹏,刘海云.体制因素对我国对外直接投资影响的实证研究——基于省际面板的分析[J].经济学家,2012(6):65-61.
[26]朱婕,任荣明.出口、环境污染与对外直接投资——基于2003~2012年中国省级面板VAR的实证检验[J].生态经济,2015,31(6):36-40.
[27]ARELLANO M,BOVER O.Another look at the instrumental variable estimation of error-components models[J].Journal of Econometrics,1995,68(1):29-51.
[28]BUCKLEY P J,CASSON M.The future of the multinational enterprise[M].London,UK:Mac Millan Press,1976.
[29]CANTWELL J,TOLENTINO P E.Technological accumulation and third world multinationals[J].Discussion Paper in International Investment and Business Studies,1990(139):1-58.
[30]COPELAND B R,TAYLOR M S.Trade and environment:A partial synthesis[J].American Journal of Agricultural Economics,1995,11(3):756-771.
[31]DEAN J M.Trade and the environment:A survey of the literature[J].World Bank Discussion Papers,1992(11):756-771.
[32]DUNNING J H.Explaining international production[M].London:Unwin Hyman,1988.
[33]DUNNING J H.Trade,location of economic activity and the multinational enterprise:a search for an eclectic approach[A].First Published in B.Ohlin Per Ove Hesselborn and Per Magnus Wijkman ed.The International Allcoation of Economic Activity,London:Macmillan,1977:395-418.
[34]HYMER S.International operation of national firms:a study of direct foreign investment[M].The MIT Press,1976.
[35]KOJIMA KIYOSHI.Japanese direct foreign investment:a model of multinational business operations[M].Charles E.Tuttle Company,1978.
[36]LANOIE P,PATRY M,LAJEUNESSEE R.Environmental regulation and productivity:new findings on the porter hypothesis[J].Journal of Productivity Analysis,2008:121-128.
[37]LOUIS T.W.Third world multinationals:the rise of foreign direct investment from developing countries[M].The MIT Press,1983.
[38]NAUGHTON H.To shut down or to shift:mulnational and environmental regulation[J].Ecological Economics,2014(102):113-117.
[39]NORSWORTHY J R,HARPER M J,KUNZE K.The slowdown in productivity growth:analysis of some contributing Factors[J].Brookings Papers on Economic Activity,1979:387-422.
[40]REPETTO R,ROTHMAN D,FAETH P,ET AL.Has environmental protection really reduced productivity growth[J].Challenge,1997:1-4.
[41]SANJAYA L.The new multinationals:the speed of third world enterprises[M].New York,John Wiley&Sons,1983.
[42]SHADBEGIAN R J,GRAY W B.Pollution abatement expenditures and plant-Level productivity:a production function approach[J].NCEE Working Paper,2003:3-5.
[43]VERNON R.International investment and international trade in the product cycle[J].The Quarterly Journal of E-conomics1966(5):190-207.
[44]WALTER I,UGELOW J L.Environmental policies in developing countries[J].Ambio,1979,8(23):102-109.
[2]何玉梅,罗巧.环境规制、技术创新与工业全要素生产率——对“强波特假说”的再检验[J].软科学,2018,32(4):20-25.
[3]黄静波,张安民.中国对外直接投资主要动因类型的实证研究——基于1982~2007年的外向投资流向分析[J].国际经贸探索,2009,25(7):4-10.
[4]贾军,魏洁云,王悦.环境规制对中国OFDI的绿色技术创新影响差异分析——基于异质性东道国视角[J].研究与发展管理,2017,29(6):81-90.
[5]景红桥,王伟.金融体制、法律起源与我国对外直接投资的区位选择[J].国际贸易问题,2013(12):148-156.
[6]雷勋平,邱广华.基于熵权TOPSIS模型的区域资源环境承载力评价实证研究[J].环境科学学报,2016,36(1):314-323.
[7]李洪亚,董建功.所有制改革与OFDI:中国的证据[J].世界经济研究.2017(2):62-78.
[8]李洪亚,宫汝凯.技术进步与中国OFDI:促进与溢出的双重考察[J].科学学研究,2016,34(1):57-68.
[9]李磊,郑昭阳.议中国对外直接投资是否为资源寻求型[J].国际贸易问题,2012(2):146-157.
[10]李小萌,陈建先,师磊.人民币汇率变动对中国OFDI的影响——以对东盟十国投资为例[J].国际商务——对外经济贸易大学学报,2017(3):114-123.
[11]李影.环境承载力视角下的中国区域划分——基于多指标省域面板数据的聚类分析[J].工业技术经济,2015(12):62-70.
[12]潘素昆,袁然.不同投资动机OFDI促进产业升级的理论与实证研究[J].经济学家,2014(9):69-76.
[13]祁春凌,邹超.东道国制度质量、制度距离与中国的对外直接投资区位[J].当代财经,2013(7):100-110.
[14]秦成,王红旗,田雅楠,等.资源环境承载力评价指标研究[J].中国人口·资源与环境,2011,21(12):335-338.
[15]邱立成,王凤丽.我国对外直接投资主要宏观影响因素的实证研究[J].国际贸易问题,2008(6):78-82.
[16]宋勇超.中国对外直接投资目的效果检验——以资源寻求型OFDI为视角[J].经济问题探索,2013(8):123-129.
[17]许晓芹,廉晓梅.国内环境污染与对外直接投资——基于韩国道(市)际面板数据的实证检验[J].生态经济,2017,33(2):98-102.
[18]徐旸慜,姜建刚.东道国制度视角下我国对外直接投资的决定因素[J].上海经济研究,2014(2):23-31.
[19]杨校美.吸引外资能促进对外投资吗——基于新兴经济体的面板数据分析[J].南方经济,2015(8):63-76
[20]杨英,任荣明.促进我国企业对外直接投资的政策制定导向研究[J].上海管理科学,2015,37(5):81-84
[21]尹飞霄,朱英明.环境规制对中国对外直接投资的影响——基于中国省际动态面板数据的实证分析[J].技术经济,2017,36(9):106-114.
[22]张慧,黄建忠.我国对外直接投资区位分布的影响因素分析——基于新经济地理理论的探讨[J].国际商务——对外经济贸易大学学报,2014(5):53-65
[23]张新乐,王文明,王聪.我国对外直接投资决定因素的实证研究[J].国际贸易问题,2007(5):91-96.
[24]赵春明,解亮品.以产业升级为导向的我国对外直接投资产业选择策略分析[J].新视野·中国社会经济发展战略,2015(1):91-97.
[25]郑展鹏,刘海云.体制因素对我国对外直接投资影响的实证研究——基于省际面板的分析[J].经济学家,2012(6):65-61.
[26]朱婕,任荣明.出口、环境污染与对外直接投资——基于2003~2012年中国省级面板VAR的实证检验[J].生态经济,2015,31(6):36-40.
[27]ARELLANO M,BOVER O.Another look at the instrumental variable estimation of error-components models[J].Journal of Econometrics,1995,68(1):29-51.
[28]BUCKLEY P J,CASSON M.The future of the multinational enterprise[M].London,UK:Mac Millan Press,1976.
[29]CANTWELL J,TOLENTINO P E.Technological accumulation and third world multinationals[J].Discussion Paper in International Investment and Business Studies,1990(139):1-58.
[30]COPELAND B R,TAYLOR M S.Trade and environment:A partial synthesis[J].American Journal of Agricultural Economics,1995,11(3):756-771.
[31]DEAN J M.Trade and the environment:A survey of the literature[J].World Bank Discussion Papers,1992(11):756-771.
[32]DUNNING J H.Explaining international production[M].London:Unwin Hyman,1988.
[33]DUNNING J H.Trade,location of economic activity and the multinational enterprise:a search for an eclectic approach[A].First Published in B.Ohlin Per Ove Hesselborn and Per Magnus Wijkman ed.The International Allcoation of Economic Activity,London:Macmillan,1977:395-418.
[34]HYMER S.International operation of national firms:a study of direct foreign investment[M].The MIT Press,1976.
[35]KOJIMA KIYOSHI.Japanese direct foreign investment:a model of multinational business operations[M].Charles E.Tuttle Company,1978.
[36]LANOIE P,PATRY M,LAJEUNESSEE R.Environmental regulation and productivity:new findings on the porter hypothesis[J].Journal of Productivity Analysis,2008:121-128.
[37]LOUIS T.W.Third world multinationals:the rise of foreign direct investment from developing countries[M].The MIT Press,1983.
[38]NAUGHTON H.To shut down or to shift:mulnational and environmental regulation[J].Ecological Economics,2014(102):113-117.
[39]NORSWORTHY J R,HARPER M J,KUNZE K.The slowdown in productivity growth:analysis of some contributing Factors[J].Brookings Papers on Economic Activity,1979:387-422.
[40]REPETTO R,ROTHMAN D,FAETH P,ET AL.Has environmental protection really reduced productivity growth[J].Challenge,1997:1-4.
[41]SANJAYA L.The new multinationals:the speed of third world enterprises[M].New York,John Wiley&Sons,1983.
[42]SHADBEGIAN R J,GRAY W B.Pollution abatement expenditures and plant-Level productivity:a production function approach[J].NCEE Working Paper,2003:3-5.
[43]VERNON R.International investment and international trade in the product cycle[J].The Quarterly Journal of E-conomics1966(5):190-207.
[44]WALTER I,UGELOW J L.Environmental policies in developing countries[J].Ambio,1979,8(23):102-109.