環(huán)境規(guī)制與FDI非均衡增長研究
[Abstract]:Since the reform and opening-up, with the further acceleration of the process of economic globalization, the foreign direct investment of our country has made great development, and has become an important engine to promote the high-speed growth of China's economy. However, the influx of a large amount of foreign capital has also brought a series of environmental problems. In order to maximize the profit, the foreign-capital enterprise enhances the international competitiveness by means of the intra-industrial transfer and the internalization of the external cost, and transfers the pollution-intensive industries to the relatively loose developing countries in the environment. At the same time, under the double pressure of economic development and political promotion, local governments at home have also made great efforts to introduce some foreign-funded enterprises with low level of technology and high energy consumption at the expense of the environment, so that the fragile ecological environment in China has become more and more serious. In recent years, based on the concept of sustainable development, the government has invested a lot of funds in the pollution control, and formulated a series of policies and regulations to strengthen the supervision of environmental protection. However, compared with the developed countries, because the environmental protection awareness of our country is not strong, the input is not enough, the law enforcement is not enough, the level of the environment regulation is relatively low, the implementation force also has great difference, the relationship between the environmental regulation and the location of the FDI has caused extensive attention of many scholars. Based on the fact characteristics of the non-equilibrium growth of FDI, this paper comprehensively analyzes the influence of environmental regulation on the non-balanced growth of FDI from the regional distribution, the industry structure, the investment way, the source land structure and the technical level of the FDI, and tries to answer the following questions: Does China's environmental regulation level have a significant impact on the location of FDI? What is the specific impact channel or impact mechanism if present? Whether the environmental regulation has caused the non-balanced growth of the FDI in the region, the industry, the source land, the foreign investment way and the technological progress of our country? Will the strict environmental regulation stimulate a foreign-capital enterprise to make up for the following costs through technological innovation? In view of the above problems, this paper makes a deep discussion. As a result of the close relationship between the provinces of our country, especially between the adjacent provinces, this paper has included the third-party effect in the provincial panel model It should be emphasized that the change of the environmental regulation level in the region and the surrounding area is how to influence the location of the FDI in China by influencing the production cost and the innovation ability of the foreign-capital enterprise. The results of the study show that the influence of environmental regulation on the distribution of FDI is U-shaped, and the environmental regulation in the eastern region is higher than that in the central and western regions, and the inflection point of environmental regulation in the eastern region is much higher than that in the central and western regions. The effect of environmental regulation on FDI in the surrounding area is inverted U-shaped, and the inflection point of the inverted U-shaped curve in the surrounding area is far lower than that of the local U-shaped curve, and the environmental regulation level in all regions is basically in the right of the inverted U-shaped curve. The influence of environmental regulation and other traditional influencing factors on the distribution of FDI has a third-party effect, and this effect shows different characteristics in the central and western regions, which is more comprehensive and explains the influence of the regional distribution of FDI in China. In this paper, by establishing a three-element and two-product theoretical model, the paper puts the environment as a new element into the enterprise's production through the establishment of a three-element and two-product theoretical model. The activity of the camp, the comparison and analysis of the factors of the environmental regulation, the marginal cost of the factors, the shadow of the choice of the foreign capital industry On this basis, using the panel data of China's 35 manufacturing industries in 2001-2010, the paper has tested the environmental regulation level to the FDI industry. The results show that the relationship between the environmental regulation and the distribution of the FDI industry is a U-shaped curve, most of the industry has crossed the U-shaped curve inflection point, the first-mover advantage and the innovation compensation effect brought by the environmental regulation are dominant, and the wages in the industry The improvement of the product differentiation degree, the improvement of the technical level and the increase of the profit rate have a positive effect on FDI, but this effect is different in the clean-type industry and the pollution-type industry, and there is a significant positive correlation between the first-stage FDI and the current period In relation to the relationship, the FDI stock of the first stage will result in the increase of foreign investment in the industry through the model effect and the promotion effect, and the FDI industry will have a clear path. On the basis of the characteristics of green space under the regulation of the environment, the risks and expected income of the two different types of investment in the cross-border M & A are different, and the foreign-capital enterprise will also be affected In this paper, the non-equilibrium growth problem is studied through the establishment of the foreign investment selection model, and the measurement model is further constructed. The result shows that the higher the environmental regulation level of the government, the expected income of the foreign capital invested by the green space under the equal amount of investment will be less than the expected income of the cross-border M & A, and there is still a U between the FDI and the environmental regulation in the greenfield investment and the cross-border M & A The government's environmental regulation should be matched with other economic policies in order to make the investment structure of the foreign capital of our country more reasonable, and under the strict conditions of environmental regulation, the improvement of the construction cost of the infrastructure will certainly increase the green space. The risk of investment is that FDI in China has the characteristics of large total amount, fast growth rate and gradual change of foreign capital, and the sensitivity of FDI to environmental regulation policies of different sources also In this paper, the effect of the change of the relative environmental regulation on the FDI in different sources has been investigated. The empirical results show that the strengthening of the environmental regulation in China will increase the cost of the pollution-type foreign capital and lower its income in the early stage of the investment, thus leading to the slowdown of the growth of FDI, and as the ring The environmental regulation has continued to be strengthened and the non-pollution type The larger the amount of trade between the investment country and China, the shorter the geographical distance, the longer the political contact time, the more investment to the neighboring countries of our country, the faster the currency appreciation of the country, its investment in China The faster the growth of the capital, the empirical study of the sub-sample shows that the change of the investment in China from the developing countries caused by the environmental regulation is much higher than that of the developed countries and the foreign capital of developing countries to the environmental regulation. In comparison with the developing countries, the agglomeration effect of FDI in the developed countries is more obvious, and the economic scale of the country and the distance from China to the other The limitation of investment is small. The existing research shows that the strict environmental regulation will improve the entry barrier of the foreign-capital enterprise and affect the industry distribution and market concentration of the foreign-capital enterprise, and the foreign-capital enterprise will also invest in the foreign capital as an acquisition The key channel of knowledge overflow, whether the environmental regulation is improved by affecting the entry of FDI The paper uses the panel data of 35 sectors of manufacturing industry to integrate the environmental regulation and the innovation activity index of FDI into the measurement model to examine the effect of the environmental regulation on the progress of the technology of FDI. How to promote F indirectly through technology introduction, independent innovation and reverse technology spillovers The results of the research show that the growth of the total factor productivity of the foreign-capital enterprise is mainly from the growth of the technology, and the environmental regulation is the indirect channel such as the technology transfer of the FDI or the innovation incentive. The technology attribute of different industries has made the environmental regulation effect higher in R & D investment, high in the industry, and more prominent in the labor-intensive industry, and the FDI in the high R & D investment obviously promotes the investment The technological progress of the type and efficiency, the strict environmental regulation becomes a foreign-capital enterprise and actively introduces the green production technology and the strengthening of the home country The main driving force of main research and development is that the reverse technology spillover effect of FDI is negative, and this negative effect is higher in FDI and capital investment The lower industry is more prominent. In the end, this paper is based on the conclusions of the above-mentioned research
【學(xué)位授予單位】:湖南大學(xué)
【學(xué)位級別】:博士
【學(xué)位授予年份】:2013
【分類號】:X32;F832.6
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