School of Economics, Huazhong University of Science and Technology, Wuhan, China.
School of Law and Business, Wuhan Institute of Technology, Wuhan, China.
Environ Sci Pollut Res Int. 2022 Apr;29(17):25665-25678. doi: 10.1007/s11356-021-17771-1. Epub 2021 Nov 30.
Green development is a strategy for China's sustainable economic growth, and improving green total factor energy efficiency (GTFEE) is the key to achieving the dual goals of energy conservation, emission reduction, and economic development. This paper takes panel data of 267 prefecture-level cities in China from 2004 to 2019 as samples to explore how heterogeneous environmental regulation can have the effects of FDI on GTFEE. The results show that, first, except for environmental regulation and FDI independently affecting GTFEE, there is a synergistic effect between environmental regulation and FDI, and their interaction can also significantly affect GTFEE. Secondly, FDI has no significant impact on GTFEE when environmental regulation is low, but FDI can significantly improve GTFEE when environmental regulation is high. Thirdly, market-based environmental regulations (MER) have a better improvement effect on GTFEE than command-based environmental regulations (CER). Therefore, it is necessary to pay attention to the benign interaction between FDI and environmental regulation, especially giving full play to the role of market-based environmental regulation and further improving the design of command-based environmental regulation.
绿色发展是中国实现可持续经济增长的战略，提高绿色全要素能源效率（GTFEE）是实现节能、减排和经济发展双重目标的关键。本文以 2004 年至 2019 年中国 267 个地级市的面板数据为样本，探讨了异质环境规制如何对 FDI 对 GTFEE 的影响。结果表明，首先，除了环境规制和 FDI 独立影响 GTFEE 外，环境规制和 FDI 之间还存在协同效应，其相互作用也能显著影响 GTFEE。其次，当环境规制较低时，FDI 对 GTFEE 没有显著影响，但当环境规制较高时，FDI 能显著提高 GTFEE。第三，市场导向的环境规制（MER）比命令导向的环境规制（CER）对 GTFEE 的改善效果更好。因此，有必要关注 FDI 和环境规制之间的良性相互作用，特别是要充分发挥市场导向的环境规制的作用，并进一步完善命令导向的环境规制的设计。
