Can the coordinated development of two-way FDI promote carbon emission reduction? Evidence from industrial sectors in China

IF 2.2 3区经济学 Q2 ECONOMICS

Journal of International Trade & Economic Development Pub Date : 2023-10-27 DOI:10.1080/09638199.2023.2275162

Yi Qiu, Hui Hu, Jianjun Wu

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Abstract

AbstractIn this study, the panel data of 34 industrial sectors are selected from 2004 to 2019 in China and empirically tested the carbon emission reduction effect and its transmission path during the coordinated development of two-way FDI. The results show that the coordinated development of two-way FDI in China's industrial sector had a significant but heterogeneous carbon emission reduction effect. The coordinated development of two-way FDI in high-yield scale groups, low-energy-consumption industries and high-tech industries had a stronger inhibitory effect on carbon emissions. When the coordinated development level of two-way FDI in China's industrial sector was high, its carbon emission reduction effect was more significant. After the Belt and Road Initiative was put forward in 2013, the carbon emission reduction effect of the coordinated development of two-way FDI in China's industrial industry was stronger. The mechanism test results showed that the coordinated development of two-way FDI in China's industrial sector mainly affected domestic carbon emissions through three transmission paths: scale, structure, and technology effects. Of these, the scale effect was positive, and the structure and technology effects were negative.KEYWORDS: Coordinated development of two-way FDIcarbon emission reductionsimultaneous equation modelsChina's industrial sectorsJEL Classifications: A10A1A Disclosure statementNo potential conflict of interest was reported by the author(s).Credit author statementAll the authors contributed to the study conception and design. Material preparation and data collection and analysis were performed by Y.Q., H.H. and J.W. The first draft of the manuscript was written by H.H. All authors have read and agreed to the published version of the manuscript.Data availabilityData will be made available on request.Additional informationFundingThis work was supported by the Hunan Provincial Philosophy and Social Science Planning Fund under Grant number 21ZDAJ007 and Collaborative Innovation Center for Emissions Trading system Co-constructed by the Province and Ministry under Grant number 22CICETS-ZD010 and 22CICETS-YB027.

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双向FDI的协调发展能否促进碳减排?来自中国工业部门的证据

摘要本研究选取2004 - 2019年中国34个产业部门的面板数据，实证检验双向FDI协调发展过程中的碳减排效应及其传导路径。研究结果表明，中国工业部门双向FDI协调发展具有显著但异质性的碳减排效应。双向FDI在高产规模集团、低能耗产业和高技术产业的协同发展对碳排放的抑制作用更强。中国工业部门双向FDI协调发展水平越高，其碳减排效果越显著。2013年“一带一路”倡议提出后，中国工业行业双向FDI协调发展的碳减排效果更强。机制检验结果表明，中国工业部门双向FDI协调发展主要通过规模效应、结构效应和技术效应三种传导路径影响国内碳排放。其中，规模效应为正，结构和技术效应为负。关键词:双向碳减排协调发展联立方程模型中国工业部门分类:A10A1A披露声明作者未报告潜在利益冲突。所有作者都对研究的构思和设计做出了贡献。材料准备和数据收集和分析由Y.Q, H.H.和J.W.完成。手稿的初稿由H.H.撰写。所有作者都已阅读并同意手稿的出版版本。数据可得性应要求提供数据。项目资助:湖南省哲学社会科学规划基金(项目号:21ZDAJ007)和省部共建碳排放交易体系协同创新中心(项目号:22CICETS-ZD010和22CICETS-YB027)。

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来源期刊

Journal of International Trade & Economic Development ECONOMICS-

CiteScore

4.00

自引率

19.00%

发文量

期刊介绍： The Journal of International Trade and Economic Development ( JITED) focuses on international economics, economic development, and the interface between trade and development. The links between trade and development economics are critical at a time when fluctuating commodity prices, ongoing production fragmentation, and trade liberalisation can radically affect the economies of advanced and developing countries. Our aim is to keep in touch with the latest developments in research as well as setting the agenda for future analysis. Publication of high quality articles covering; theoretical and applied issues in international and development economics; econometric applications of trade and/or development issues based on sound theoretical economic models or testing fundamental economic hypotheses; models of structural change; trade and development issues of economies in Eastern Europe, Asia and the Pacific area; papers on specific topics which are policy-relevant; review articles on important branches of the literature including controversial and innovative ideas are also welcome. JITED is designed to meet the needs of international and development economists, economic historians, applied economists, and policy makers. The international experts who make up the journal’s Editorial Board encourage contributions from economists world-wide.