The environmental consequences of domestic and foreign investment: Evidence from China
The environmental consequences of domestic and foreign investment: Evidence from China
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国内外投资的环境后果：来自中国的证据
DOI：
10.1016/j.enpol.2017.05.055
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发表时间：
2017-09-01
期刊：
影响因子：
9
通讯作者：
Gao, Yixuan
中科院分区：
文献类型：
--
作者：
Liu, Yiming;Hao, Yu;Gao, Yixuan
固定资产投资（FAI）和外商间接投资（FDI）对经济发展和环境质量具有重要影响。由于环境绩效与经济发展相关，FM 和 FDI 可能通过对经济增长的影响来间接影响环境。在这项研究中，首次通过精心设计的二元方程模型框架区分并单独估计了FM和FDI对中国环境质量的直接和间接影响。由于大多数经济活动和环境污染发生在城市地区，因此采用了2002-2015年中国112个城市的面板数据。还引入了一些空间因素来控制经济发展和污染物排放的潜在空间相关性。估算结果表明，FM和FDI的环境影响存在明显差异。 FM 对 SO2 排放的直接影响是显着的积极影响，并且主导了消极的间接影响。相比之下，FDI对污染物排放的直接、间接和总体影响均为负。因此，总体而言，应制定精心设计、有针对性的政策，减少FM对环境的负面影响，增加FDI对环境的积极影响。
Fixed asset investment (FAI) and foreign indirect investment (FDI) have important influences on economic development and environmental quality. Because environmental performance is related with economic development, FM and FDI may affect environment indirectly through their impacts on economic growth. In this study, the direct and indirect effects of both FM and FDI on China's environmental quality are distinguished and separately estimated for the first time with a carefully designed framework of a two-equation model. Because most economic activities and environmental pollutions occur in the urban areas, a panel data of 112 Chinese cities for the period 2002-2015 is utilized. Several spatial factors are also introduced to control for the potential spatial correlations in economic development and pollutant emissions. The estimation results indicate that there exist apparent differences in the environmental effects of FM and FDI. The direct effects of FM on SO2 emissions are significant positive and dominate the negative indirect effects. By contrast, the direct, indirect and total effects of FDI on pollutant emissions are all negative. Therefore, overall speaking, well designed and targeted policies should be formulated to reduce the negative environmental impacts of FM and to increase the positive influences of FDI on environment.