With the strengthening of China's economic power and the further implementation of China's open-door policy, China's outward investment has increased year by year. Some international comments are only concerned about the former and there are some public opinions about China's outward investment threatening the host country's environmental quality. This paper takes the carbon emissions of 49 countries along the “Belt and Road” and the acceptance of China's outward FDI as samples, studies the impact of China's outward FDI on the carbon emissions of the relevant countries, and comes to the conclusion that: China's outward FDI is a major factor in China's economic development. It is concluded that China's OFDI increases the total carbon emissions of the countries along the Belt and Road while decreasing the carbon intensity, and the impact is carried out through the three major paths of economic scale, technological level and structural effect.
Cao, J.; Hu, X.; Wang, S.; Hao, P. Study on the Impact of China's Outward FDI on Carbon Emissions in the Countries Along the Belt and Road. Journal of Information Economics, 2024, 2, 40. https://doi.org/10.58567/jie02040004
AMA Style
Cao J, Hu X, Wang S, Hao P. Study on the Impact of China's Outward FDI on Carbon Emissions in the Countries Along the Belt and Road. Journal of Information Economics; 2024, 2(4):40. https://doi.org/10.58567/jie02040004
Chicago/Turabian Style
Cao, Jinpei; Hu, Xudong; Wang, Sen; Hao, Pu 2024. "Study on the Impact of China's Outward FDI on Carbon Emissions in the Countries Along the Belt and Road" Journal of Information Economics 2, no.4:40. https://doi.org/10.58567/jie02040004
APA style
Cao, J., Hu, X., Wang, S., & Hao, P. (2024). Study on the Impact of China's Outward FDI on Carbon Emissions in the Countries Along the Belt and Road. Journal of Information Economics, 2(4), 40. https://doi.org/10.58567/jie02040004
Article Metrics
Article Access Statistics
References
Abdulsalam, A., Xu, H., Ameer, W., Abdo, A. B., and Xia, J. (2021). Exploration of the impact of China’s outward foreign direct investment (FDI) on economic growth in Asia and North Africa along the Belt and Road (BandR) Initiative. Sustainability, 13(4), 1623. https://doi.org/10.3390/su13041623
Advincula, R. V. (1999). Foreign direct investment, competitiveness and industrial upgrading (Doctoral dissertation, KDI School).
Barrell, R., and Pain, N. (1997). Foreign direct investment, technological change, and economic growth within Europe. The economic journal, 107(445), 1770-1786. https://doi.org/10.1111/j.1468-0297.1997.tb00081.x
Blomstrom, M., and Kokko, A. (1997). Regional integration and foreign direct investment. https://doi.org/10.3386/w6019
Blomstrom, M., Konan, D. E., and Lipsey, R. E. (2000). FDI in the Restructuring of the Japanese Economy. https://doi.org/10.3386/w7693
Copeland, B. R., and Taylor, M. S. (2017). North-South trade and the environment. In International Trade and the Environment (pp. 205-238). Routledge. https://doi.org/10.4324/9781315201986-17
Dai, L., Mu, X., Lee, C. C., and Liu, W. (2021). The impact of outward foreign direct investment on green innovation: the threshold effect of environmental regulation. Environmental Science and Pollution Research, 28, 34868-34884. https://doi.org/10.1007/s11356-021-12930-w
Farhani, S., and Ozturk, I. (2015). Causal relationship between CO 2 emissions, real GDP, energy consumption, financial development, trade openness, and urbanization in Tunisia. Environmental Science and Pollution Research, 22, 15663-15676. https://doi.org/10.1007/s11356-015-4767-1
Hsiao, F. S., and Hsiao, M. C. W. (2006). FDI, exports, and GDP in East and Southeast Asia—Panel data versus time-series causality analyses. Journal of Asian Economics, 17(6), 1082-1106. https://doi.org/10.1016/j.asieco.2006.09.011
Lee, H. S., Moseykin, Y. N., and Chernikov, S. (2021). Sustainable relationship between FDI, RandD, and CO2 emissions in emerging markets: An empirical analysis of BRICS countries. Russian Journal of Economics, 7(4), 297-312.
Chen, T., Chen, C., Casanova, L. S. (2016). Outward FDI in China and Latin America: A Comparative Study. Journal of Latin American Studies, 38(4), 94-110. http://en.cnki.com.cn/Article_en/CJFDTotal-LDMZ201604006.htm
Pata, U. K., and Caglar, A. E. (2021). Investigating the EKC hypothesis with renewable energy consumption, human capital, globalization and trade openness for China: evidence from augmented ARDL approach with a structural break. Energy, 216, 119220. https://doi.org/10.1016/j.energy.2020.119220
Repkine, A., and Min, D. (2020). Foreign-funded enterprises and pollution halo hypothesis: a spatial econometric analysis of thirty Chinese regions. Sustain, 12. https://doi.org/10.3390/su12125048
Reppelin-Hill, V. (1999). Trade and environment: An empirical analysis of the technology effect in the steel industry. Journal of Environmental Economics and Management, 38(3), 283-301. https://doi.org/10.1006/jeem.1999.1085
Shen, L., Koveos, P., Zhu, X., Wen, F., and Liao, J. (2020). Outward FDI and entrepreneurship: The case of China. Sustainability, 12(13), 5234. https://doi.org/10.3390/su12135234
Shrestha, R. M., and Timilsina, G. R. (1996). Factors affecting CO2 intensities of power sector in Asia: a Divisia decomposition analysis. Energy Economics, 18(4), 283-293. https://doi.org/10.1016/s0140-9883(96)00019-9
Song, Y., Hao, F., Hao, X., and Gozgor, G. (2021). Economic policy uncertainty, outward foreign direct investments, and green total factor productivity: Evidence from firm-level data in China. Sustainability, 13(4), 2339. https://doi.org/10.3390/su13042339
Stevens, G. V., and Lipsey, R. E. (1992). Interactions between domestic and foreign investment. Journal of international money and Finance, 11(1), 40-62. https://doi.org/10.3386/w2714
Sun, C., Zhang, F., and Xu, M. (2017). Investigation of pollution haven hypothesis for China: an ARDL approach with breakpoint unit root tests. Journal of cleaner production, 161, 153-164. https://doi.org/10.1016/j.jclepro.2017.05.119
Torvanger, A. (1991). Manufacturing sector carbon dioxide emissions in nine OECD countries, 1973–87: A Divisia index decomposition to changes in fuel mix, emission coefficients, industry structure, energy intensities and international structure. Energy economics, 13(3), 168-186. https://doi.org/10.2172/5966632
Walter, I., Ugelow, J. L. (1979). Environmental policies in developing countries. AMBIO, 1979(4), 102-109. https://api.semanticscholar.org/CorpusID:86309808
Zhang, X., and Daly, K. (2011). The determinants of China's outward foreign direct investment. Emerging markets review, 12(4), 389-398. https://doi.org/10.1016/j.ememar.2011.06.001
Zhou, X., Guo, Q., and Zhang, M. (2021). Impacts of OFDI on host country energy consumption and home country energy efficiency based on a belt and road perspective. Energies, 14(21), 7343. https://doi.org/10.3390/en14217343