Does China's outward foreign direct investment improve carbon emission Efficiency? The heterogeneous impact of economic development

IF 9.3 2区经济学 Q1 ECONOMICS

Energy Policy Pub Date : 2025-05-17 DOI:10.1016/j.enpol.2025.114678

Ailun Wang , Lulu Si , Shuo Hu

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引用次数: 0

Abstract

Few studies have examined the role of economic development in the heterogeneous impact of Chinese outward foreign direct investment on carbon emission efficiency in BRI countries. This paper addresses this gap by employing a one-stage stochastic frontier analysis and a two-stage data envelopment analysis that consider non-linear effects, using data from 129 BRI countries between 2003 and 2019. To mitigate potential endogeneity issues, the study utilizes instrumental variable methods. Empirical findings indicate that higher levels of economic development are associated with a more significant positive effect of Chinese outward foreign direct investment on improving carbon emission efficiency. Additionally, institutional quality, entry costs, and entry time differentially influence how economic development levels impact carbon emission efficiency. The paper argues that China should actively support BRI countries in enhancing economic development, institutional quality, and reducing operating costs to foster improvements in carbon emission efficiency.

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中国对外直接投资是否提高了碳排放效率？经济发展的异质性影响

很少有研究考察经济发展在中国对外直接投资对“一带一路”沿线国家碳排放效率的异质性影响中的作用。本文利用2003年至2019年129个“一带一路”国家的数据，采用一阶段随机前沿分析和考虑非线性效应的两阶段数据包络分析来解决这一差距。为了减轻潜在的内生性问题，本研究采用工具变量方法。实证结果表明，经济发展水平越高，中国对外直接投资对提高碳排放效率的正向作用越显著。此外，制度质量、进入成本和进入时间对经济发展水平对碳排放效率的影响存在差异。文章认为，中国应积极支持“一带一路”沿线国家提高经济发展水平、提高制度质量、降低运营成本，促进碳排放效率的提高。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Energy Policy 管理科学-环境科学

CiteScore

17.30

自引率

5.60%

发文量

540

审稿时长

7.9 months

期刊介绍： Energy policy is the manner in which a given entity (often governmental) has decided to address issues of energy development including energy conversion, distribution and use as well as reduction of greenhouse gas emissions in order to contribute to climate change mitigation. The attributes of energy policy may include legislation, international treaties, incentives to investment, guidelines for energy conservation, taxation and other public policy techniques. Energy policy is closely related to climate change policy because totalled worldwide the energy sector emits more greenhouse gas than other sectors.