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Impact of Foreign Direct Investment on China’s Environment: An Empirical Study Based on Industrial Panel Data
Authors:Sheng Bin  Lü Yue
Institution:Nankai University
Abstract:Abstract

在Copeland-Taylor模型的基础上引入技术因素,将外国直接投资(FDI)对东 道国的环境影响分解为规模效应、结构效应和技术效应三种机制,并结合中国2001-2009年36个工业行业的面板数据, 运用结构计量模型和系统广义矩估计方法对FDI进 入程度与污染排放的关系进行经验检验,可以发现: FDI无论是在总体上还是分行业上 都有利于减少我国工业的污染排放,其主要原因在于, FDI通过技术引进与扩散带来 的正向技术效应超过了负向的规模效应与结构效应。此外,中国当前的外资进入程度 距离以环保为目标的最优水平还有一段空间,因此应积极鼓励具有环保技术优势的外 资企业的进入, 实现节能减排和可持续发展的战略目标。

关键词: 外国直接投资 污染排放

This study introduces the technological factor into the Copeland-Taylor model and decomposes the impact of foreign direct investment (FDI) on the environment of the host country into three mechanisms: scale effect, structural effect and technological effect. It also draws on the panel data from 36 Chinese industries in 2001-2009 and uses a structural econometric model and the SYS-GMM to explore the relationship between the level of FDI inflow and pollutant emissions. The major finding of the study is that FDI helps reduce industrial pollutant emissions both in general and in specific industries, because the positive technological effect of FDI brought about by introduction and expansion of technology is greater than the negative scale and structural effects. Furthermore, since the level of FDI inflow still lags behind the optimal level for environmental protection in China, we should encourage the entry of foreign-invested enterprises with technological advantages in environmental protection, so as to achieve the strategic goals of energy conservation, emissions reduction and sustained development.
Keywords:foreign direct investment  pollutant emissions
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