中国对中亚直接投资的能源环境效率影响——基于投资动机调节效应的实证研究

The Impact of China’s OFDI on Energy-Environmental Efficiency in Central Asia——An Empirical Study Based on the Moderating Effect of Investment Motivation

文章运用FGLS模型检验了中国对外直接投资对中亚能源环境效率的影响。研究发现:总体上,中国对外直接投资显著促进了中亚能源环境效率的提升,但这种促进效应会受到投资动机的异质性影响,劳动力与市场寻求动机具有正向调节效应,资源寻求动机的调节效应未显著;进一步研究发现,“一带一路”建设具有显著的政策效应,中国对外直接投资对中亚各国的能源环境效率存在不同的影响效应和影响程度。

This paper uses FGLS model to test the impact of China’s OFDI on energy-environmental efficiency in Central Asia.The results show that China’s OFDI significantly improves energy-environmental efficiency in Central Asia,but the effect is affected by the heterogeneity of investment motivation.Labor and market motivation have a positive moderating effect,while resource motivation has no obvious moderating effect.Further research shows that the Belt and Road initiative has significant policy effects,and China’s OFDI has different impacts and degrees on the energy-environmental efficiency of Central Asian countries.