FDI QUALITY, ENVIRONMENTAL REGULATION AND INDUSTRIAL 
STRUCTURE UPGRADING BASED ON 2008-2018 PANEL DATA 
OF YANGTZE RIVER ECONOMIC ZONE

doi:10.13776/j.cnki.resourcesindustries.20210201.002

Abstract

Abstract:

Introduction of FDI is turning to quality from quantity as Yangtze river economic zone is undergoing a green transformation. This paper, based on 2008 to 2018 panel data of 11 provinces / cities in Yangtze river economic zone, uses dynamic panel model and panel threshold model to study their relation among FDI quality, environmental regulation and industrial structure upgrading. FDI quality and environmental regulation largely promote the industrial structure upgrading, varying among the down-,

middle- and up-stream of the Yangtze river economic zone that the down-stream attracts the quality FDI more, the middle-stream applies a more flexible environmental regulation, and the up-stream is loosing talents. FDI quality and environmental regulation have single thresholds, pollution industries will be migrated to the Yangtze river economic zone when environmental regulation is lower than the threshold value, resulting in pollution shelter effect. Increment of FDI will lead to locked low-end industries if FDI quality is less than the threshold value.

Key words: FDI quality, environmental regulation, industrial structure upgrading, Yangtze river economic zone, threshold effect

摘要：

随着长江经济带产业结构绿色转型的发展，引入外资的重点正逐步从数量型向质量型转变。文章基于2008—2018年长江经济带11个省市的面板数据，采用动态面板模型和面板门槛模型就FDI质量、环境规制与产业结构升级的关系进行实证检验。结果表明：1）FDI质量与环境规制对长江经济带产业结构转型升级具有显著的促进作用；2）长江经济带下、中、上游的FDI质量、环境规制对产业结构升级的影响具有空间异质性，其中长江下游地区更易吸引高质量FDI，长江中游地区的环境规制政策更为宽松，长江上游地区人才流失情况较为严重。3）环境规制与FDI质量对产业结构升级的影响均存在单一门槛，当环境规制低于门槛值时，会吸引污染产业转移到长江经济带，造成“污染避难所”效应；当FDI质量低于门槛值时，FDI流入的增加会造成长江经济带产业“低端锁定”效应。

关键词: FDI质量, 环境规制, 产业结构升级, 长江经济带, 门槛效应

CLC Number:

F205

YANG Kaijun, CAI Jiajin. FDI QUALITY, ENVIRONMENTAL REGULATION AND INDUSTRIAL

STRUCTURE UPGRADING BASED ON 2008-2018 PANEL DATA

OF YANGTZE RIVER ECONOMIC ZONE

[J]. Resources & Industries, 2021, 23(3): 12-20.

杨恺钧, 蔡嘉晋. FDI质量、环境规制与产业结构升级的关系——基于2008—2018年长江经济带11省市的面板数据[J]. 资源与产业, 2021, 23(3): 12-20.

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FDI QUALITY, ENVIRONMENTAL REGULATION AND INDUSTRIAL
STRUCTURE UPGRADING BASED ON 2008-2018 PANEL DATA

OF YANGTZE RIVER ECONOMIC ZONE

FDI质量、环境规制与产业结构升级的关系——基于2008—2018年长江经济带11省市的面板数据

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