Qiu Wei, Bian Yaojun, Zhang Jinwei, Irfan Muhammad
School of Public Administration, Xinjiang University of Finance and Economics, Urumchi, 830012, Xinjiang, China.
School of Marxism, Northwest A&F University, Yangling, 712100, Shaanxi, China.
Environ Sci Pollut Res Int. 2022 May;29(22):32732-32748. doi: 10.1007/s11356-022-18607-2. Epub 2022 Jan 11.
Environmental pollution is becoming more and more prevalent in China, accompanied by the excessive expansion of the country's foreign direct investment in the scale of resource-based industries. This article uses the panel data of 276 prefecture-level cities in China from 2003 to 2016 to estimate the impact of environmental regulation on foreign direct investment by employing the spatial Durbin model. The empirical results show that firstly, environmental regulation, and foreign direct investment have an obvious spatial correlation. Secondly, environmental regulation significantly inhibits foreign direct investment and has significant negative space spillover. Thirdly, non-eastern cities' environmental regulation has significantly greater inhibitory effects on foreign direct investment than eastern cities, and the key cities' environmental regulation has greater inhibitory effects than ordinary cities. Finally, from the perspective of industrial upgrading and resource configuration and environmental regulation has significantly promoted foreign direct investment and has significant negative space spillovers. Therefore, the reasonable use of environmental regulatory measures through industrial upgrading and resource configuration to attract clean, capital-intensive, and technology-intensive enterprises and to achieve the effect of "decontamination and clean" for foreign-funded enterprises is critical.
在中国，环境污染日益普遍，与此同时，该国在资源型产业规模上的对外直接投资过度扩张。本文运用2003年至2016年中国276个地级市的面板数据，采用空间杜宾模型估计环境规制对对外直接投资的影响。实证结果表明，第一，环境规制与对外直接投资存在明显的空间相关性。第二，环境规制显著抑制对外直接投资，并具有显著的负向空间溢出效应。第三，非东部城市的环境规制对对外直接投资的抑制作用显著大于东部城市，重点城市的环境规制对对外直接投资的抑制作用大于普通城市。最后，从产业升级和资源配置的角度来看，环境规制显著促进了对外直接投资，并具有显著的负向空间溢出效应。因此，通过产业升级和资源配置合理运用环境规制措施，吸引清洁型、资本密集型和技术密集型企业，实现对外资企业的“去污除垢”效果至关重要。
