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| Research on Environmental Regulation Threshold Effect of Heterogeneous Foreign Direct Investment Green Technology Spillover |
| Hu Jiangfeng,Wang Zhao,Huang Qinghua,Zhang Xiaoqin |
| (School of Economics and Management, Southwest University, Chongqing 400715，China) |
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Abstract Based on the measurement of green total factor productivity in 36 sub-sectors of Chinese industry from 2003 to 2018, this paper uses a linear model and a threshold model to empirically compare the intensity of environmental regulations that induce labor-based FDI and capital-based FDI to exert green technology spillover effects. Studies have shown that FDI does not automatically exert the spillover effect of green technology, and needs to rely on the regulatory role of environmental regulation, but the intensity of environmental regulation should be kept within a reasonable range. The results of the static threshold model show that when the intensity of environmental regulation exceeds the second threshold, both types of FDI can exert green technology spillover effects, but only the coefficient of capital-type FDI is significant. The results of the dynamic panel model show that when the intensity of environmental regulation increases to the third threshold, both types of FDI can play a significant green technology spillover effect. In addition, the heterogeneity test indicates that in order to induce FDI to exert a positive green technology spillover effect, a higher intensity of environmental regulation should be set in capital-intensive industries, labor-intensive industries, and pollution-intensive industries, but in cleaner production industries, a lower intensity of environmental regulation should be set.
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Received: 21 July 2020
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