Hu Hao, Wang Haiyan, Zhao Shuang, Xi Xun, Li Lan, Shi Xiaojiao, Lu Yingzi, Yu Jianping, Liu Xiaoxiao, Li Jun, Zhou Haiyan
School of Economics, Shanghai University, Shanghai, China.
School of Economics, East China Normal University, Shanghai, China.
Front Psychol. 2021 Sep 27;12:708749. doi: 10.3389/fpsyg.2021.708749. eCollection 2021.
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.
探究市场化水平在外国直接投资（FDI）对碳排放绩效影响中的路径和机制，将有助于最大化外国投资对绿色低碳发展的促进作用。本研究采用2008年至2016年长江经济带11个省市的面板数据，构建面板门槛模型，从市场化水平视角探究FDI与碳排放绩效之间的非线性关系。主要结论如下：第一，从市场化水平来看，外资参与度与碳排放强度之间存在显著的双重门槛效应，门槛值分别为4.4701和9.2516。第二，随着市场化水平提高，FDI的技术溢出效应增强，外资参与对碳排放强度的促进作用显著下降，但并未抑制碳排放强度，这表明FDI技术溢出带来的总体效益仍不足以抵消外资造成的污染。第三，长江经济带东部地区已跨越第二个门槛。在中部和西部地区，除重庆外市场化进程相对缓慢，这些地区仍深陷于第一个和第二个门槛之间。针对实证研究结论，从引进外资策略、市场化体系建设和环境规制三个维度提出相关政策建议，以实现长江经济带的低碳绿色发展。
