The green halo effect of China’s OFDI: evidence from countries along the Belt and Road

被引：0
作者：
Xiang Cai
Yongzhe Zhao
Xianhua Wu
Dongming Ge
Xingle Long
机构：
[1] Guilin University of Electronic Technology,School of Business
[2] Shanghai Maritime University,School of Economics and Management
[3] Jiangsu University,School of Management
来源：
Environmental Science and Pollution Research | 2023年 / 30卷
关键词：
OFDI; Green halo effect; Green technology spillovers; The Belt and Road; Relative environmental regulation; Asymmetry;
D O I：
暂无
中图分类号：
学科分类号：
摘要：
The growth of China’s OFDI (outward foreign direct investment) is a unique feature of the “Belt and Road” project. Does China’s OFDI have a green halo effect on countries along the Belt and Road (B&R)? Is this green halo effect somehow asymmetrical? What is the underlying mechanism? This paper systematically examines how China’s OFDI exerts its influence on green technology spillovers, based on 56 B&R countries’ 2003–2019 panel data. This study makes three significant findings: Firstly, China’s OFDI has positive asymmetric characteristics in promoting green technology spillovers to host countries mentioned, which have lower income levels and openness. Secondly, strict relative environmental regulation can act as a “pressure pool,” significantly enhancing the “green halo effect”; Thirdly, China’s OFDI can help host countries obtain more green technology spillovers through three channels: expanding host countries’ economic scale, upgrading host countries’ industrial structure, and suppressing host countries’ use of non-renewable energy. These findings point the way for 56 host countries to better accessing green technology spillovers.
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页码：68290 / 68312
页数：22
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