Whether foreign direct investment can promote high-quality economic development under environmental regulation: evidence from the Yangtze River Economic Belt, China

Author(s):  
Xiaosheng Li ◽  
Yuling Lu ◽  
Ruting Huang
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.


Information ◽  
2021 ◽  
Vol 12 (9) ◽  
pp. 381
Author(s):  
Fei Shi ◽  
Haiying Xu ◽  
Wei-Ling Hsu ◽  
Yee-Chaur Lee ◽  
Juhua Zhu

This paper studies outward foreign direct investment (OFDI) enterprises in the Yangtze River Economic Belt. Using geographical information system (GIS) spatial analysis and SPSS correlation analysis methods, it analyzes the change in the spatial distribution of OFDI enterprises in 2010, 2014, and 2018. It explores the influencing factors that have an impact on this change. The results show the following: (1) The geographical distribution of OFDI enterprises in the Yangtze River Economic Belt is uneven. In the downstream region, OFDI enterprises have significant advantages in both quantity and quality over those in the mid- and up-stream regions. In recent years, a multi-core spatial pattern has gradually emerged. (2) The factors influencing the spatial distribution of OFDI enterprises have been gradually changing from one dominant factor, i.e., technological innovation capability, to four core factors, namely, urbanization level, economic development level, technological innovation capability, and degree of economic openness. The research results serve as an important reference for future policy adjustment in the Yangtze River Economic Belt. First, the Yangtze River Economic Belt should adjust industrial policies; comprehensively increase the level of OFDI; accelerate the upgrading and transformation of regional industries; and, at the same time, inject vitality into the development of the world economy. Moreover, the downstream region should fully play a leading role in the Yangtze River Economic Belt, especially in encouraging OFDI enterprises to establish global production networks. Meanwhile, enterprises in the upstream region are encouraged to establish regional production networks to accelerate the development of inland open highlands.


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.


2022 ◽  
Vol 9 ◽  
Author(s):  
Wei Shao ◽  
Xiaobo Yu ◽  
Ziqi Chen

As an important policy to promote global energy transition and carbon emission reduction, does the carbon emission trading policy help promote foreign direct investment inflows, thus alleviating the contradiction between environment and economic development? Based on the “OLI paradigm,” by using the data of China’s 30 provinces from 2007 to 2016 and taking China’s pilot implementation carbon emission transaction policy in 2013 as the natural experiment, so as to construct a differences-in-differences model, this study empirically analyzed the impact of carbon emission transaction policies on foreign direct investment and conducted an in-depth analysis and discussion on related heterogeneity. The empirical results show that 1) there is a positive correlation between the carbon emission trading policy and foreign direct investment; 2) the results of heterogeneity analysis show that the effect of carbon emission trading policy on the increase in FDI is more significant in the areas with a stronger environmental regulation, a higher degree of marketization, and low energy consumption. The conclusions of this study enrich the analysis of the effectiveness of government environmental policies from the perspective of both environment and economic development and provide relevant policy enlightenment for developing countries in environmental regulation and attracting foreign direct investment.Systematic Review Registration: [website], identifier [registration number].


Author(s):  
Taras Malyshivskyi ◽  
Volodymyr Stefinin

The article examines the relationship between attracting foreign capital in the form of foreign direct investment and ensuring economic development. In particular, the analysis of the current structure of the economy is indicated, its raw material character is pointed out and, based on other researches, the necessity of its reform is substantiated, as Ukraine will remain a low-income country if the current trend continues. This is due to the fact that countries with a raw material structure of the economy are characterized by a low level of economic complexity, and therefore are not able to generate high levels of income in society. As a result, the expediency of stimulating the attraction of investment resources into the country’s economy, in particular in the form of foreign direct investment, is substantiated. The dynamics of attracting foreign direct investment to Ukraine and a number of other countries for the period from 1991 to 2019 is analyzed and the key negative factors that deter foreign investors from investing in the economy of Ukraine are indicated. As a result of the analysis, divergent trends in the economic development of Ukraine and other analyzed countries (Poland, Czech Republic, Slovakia, Turkey, Romania, Hungary) were identified, which contributed to economic stagnation and restrained economic growth and development. Taking into account the analysis, as well as based on the concept of investment and innovation growth, it is proposed to use the experience of Israel to improve the country’s investment attractiveness and stimulate foreign capital inflows by adapting the Yozma program to Ukrainian realities. According to our estimates, the adaptation of this program to the Ukrainian economy will attract about $ 350 million over a five-year period of venture capital alone. In addition, programs such as YOSMA can also be implemented at the regional or even local level. We believe that the use of this tool will improve the investment attractiveness of the country, as well as provide sufficient financial resources to modernize the domestic economy and ensure rapid economic growth.


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