环境规制、制造业FDI与门槛效应

Environmental Regulation,FDI of Manufacturing Industry and Threshold Effect

利用2004-2013年制造业29个子行业的面板数据,通过构建普通面板模型和门槛回归模型,实证检验了环境规制与制造业FDI之间门槛效应的存在性问题。结果表明:整体而言,环境规制强度和制造业FDI流入呈负相关;制造业29个子行业可依据工业污染强度这一门槛变量分为弱规制组、中等规制组和强规制组三组;环境规制强度对制造业FDI的影响在行业间存在明显的异质性和门槛效应,即在弱规制组和强规制组,环境规制对FDI流入产生了正面影响,而在大部分行业所属的中等规制组,严格的环境规制阻碍了制造业FDI的流入。

By using the panel data of manufacturing industry＇s 29 sub sectors from 2004 to 2013,through the construction of ordinary panel data model and threshold regression model,the paper tests the existence of threshold effect between environmental regulation and FDI empirically. The results show that overall,the intensity of environmental regulation and manufacturing FDI inflows are negatively correlated; when using the intensity of industrial pollution as the threshold parameter,29 manufacturing sub sectors can be divided into weak regulation group,group of secondary regulation and strong regulation group; significant threshold characteristics and industry heterogeneity exists in the environmental regulation intensity＇s effect on manufacturing＇s FDI,in the weak regulation group and strong regulation group,environmental regulation has a positive impact on FDI inflow,and in the secondary regulation group which includes most of the industry,strict environmental regulation hinders manufacturing industry ＇s FDI.