中国OFDI对“一带一路”国家GTFP的门槛效应研究

doi:10.13776/j.cnki.resourcesindustries.20221017.001

摘要/Abstract

摘要： 在可持续发展的背景中，以资源节约、环境友好为导向的绿色发展备受世界各国关注。提高绿色全要素生产率（GTFP）成为了绿色发展的重点。GTFP不仅体现了经济增长的效率，同时将资源消耗与环境污染囊括其中。在“一带一路”建设的过程中，中国对沿线国家的投资力度不断增加。为探索中国对外直接投资（OFDI）对“一带一路”东道国GTFP的作用，在考虑到中国与东道国政治制度环境和经济制度环境差异的前提下，本文运用面板门槛模型分析中国OFDI对东道国GTFP的门槛效应。实证结果表明中国OFDI能够对“一带一路”东道国GTFP产生正向作用，然而这种正向作用受到政治制度距离和经济制度距离的制约，随着制度距离的增大，中国OFDI对东道国GTFP的正向作用减弱。具体来说：1）当政治制度距离低于1.986时，中国OFDI对东道国GTFP的回归系数为0.072；当政治制度距离处于1.986至2.513之间时，回归系数为0.058；当政治制度距离大于2513时，回归系数为0.012。2）当经济制度距离低于1.440时，中国OFDI对东道国GTFP的回归系数为0.102；当经济制度距离处于1.440至2.575之间时，回归系数为0.085；当经济制度距离大于2.575时，回归系数为0.023。3）扩大对外直接投资规模能够减少双边制度差异带来的影响，提升中国OFDI对东道国GTFP的正向作用，随着对外直接投资规模由3.899提升至4.15，中国OFDI对东道国GTFP的正向作用由0.028增至0.122。

关键词: 对外直接投资, 绿色全要素生产率, 制度距离, “一带一路”

Abstract: Green development has attracted worlds' attention by its resource-saving and environment-friendly orientation under the background of sustainable development, with its focus on increasing green total factor productivity (GTFP), which marks the economic growth efficiency, also considers resource consumption and environmental pollution. Amid “the Belt and Road” construction, China is increasing its investment in the nations. This paper uses panel threshold model to study the impacts of China's OFDI on “the Blet and Road” nations' GTFP based on China and those nations' political, economic, and environmental differences. Results show that China's OFDI plays a positive role on “the Belt and Road” nations' GTFP, which also is limited by the political and economic regime distance, diminishing with regime distance. Regression coefficient of China's OFDI on “the Belt and Road” nations' GTFP is 0.072 when their political regime distance is less than 1.986, 0.058 between 1.986 to 2.513, and 0.012 when larger than 2.513. Regression coefficient is 0.102 when economic regime distance is less than 1.440, 0.085 between 1.440 to 2.575, and 0.023 when larger than 2.575. Increasing OFDI can offset the impacts of political and economic distance. Positive impacts of China's OFDI on “the Belt and Road” nations' GTFP increases from 0.028 to 0.122 when China's OFDI scale increases from 3.899 to 4.15.

Key words: OFDI, GTFP, regime distance, “the Belt and Road”

中图分类号:

F205
F831.7

王宁, 李因果. 中国OFDI对“一带一路”国家GTFP的门槛效应研究[J]. 资源与产业, 2022, 24(5): 29-39.

WANG Ning, LI Yinguo. THRESHOLD EFFECT OF CHINA'S OFDI ON “THE BELT AND ROAD” NATIONS' GTFP[J]. Resources & Industries, 2022, 24(5): 29-39.

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