No abstract

In developing countries, foreign direct investment (FDI) plays a significant role in industrial catch-up concerning knowledge acquisition and technological innovation. The Chinese government's development strategy is vital in attracting FDI and green innovation (GI). This article investigates the moderating role of development strategy in the causal relationship between FDI and GI from the perspective of new structural economics. We find a U-shaped association between FDI and GI. Specifically, FDI inhibits GI at its low level, and FDI promotes GI with the accumulation of FDI capital. Therefore, cities with moderate catch-up strategies can maximize the impact of FDI on GI. Development strategies can also hinder the effects of FDI-driven GI in cities with a perfect market system while promoting them in cities with relatively backward, cleaner production technology. The development strategy not only has an impact on the FDI-driven GI effects in the region but also on the FDI-driven GI effects in the surrounding regions through the spatial spillover effect. These findings provide references on what type of FDI the government should introduce and how to guide the market to bring the GI effect of FDI into play.

The development of renewable energy has effectively promoted the process of reaching global carbon neutrality. However, the academic community has not reached a consensus on whether the development of renewable energy will inhibit economic growth. The crux of the debate centers around whether renewable energy paradigms ignore differences in the structure of factor endowments across countries. The panel data of 125 countries from 1990 to 2021 were used to perform group regression for countries with different factor endowment structures. The results show that the renewable energy curse of developed countries becomes stronger and weaker with economic development; the renewable energy curse in developing countries is growing with economic growth; and the economic development of countries with poor natural resources is more vulnerable to the negative impact of renewable energy development. The group regression results of different development stages of renewable energy show that the negative impact of renewable energy development on economic development is not significant in the early stage, but that it has significant impacts in the growth and maturity stage. The mechanism test found that the development of renewable energy affected changes in trade structure and inhibited economic growth.

No abstract

This paper investigates how digital finance alleviates the resource curse effect from resource-based cities in China. This paper selects the data from 88 resource-based cities in China from 2011 to 2019 to construct the econometric model test hypothesis. The results show that: (1) Resource curse does exist in Chinese resource-based cities. (2) Digital finance can alleviate the resource curse of resource-based cities in China, and this effect has two significant thresholds. (3) The heterogeneity test results show that digital finance's mitigation effect on the resource curse significantly differs in cities with different environmental regulation intensities and resource abundance. (4) Using the implementation of the broadband China strategy as the proxy variable of digital finance for the robustness test, the above conclusions are still robust. This paper considers the impact of digital upgrading on the financial industry and further studies the mitigation effect of digital finance on the resource curse. It provides a new perspective to study the recent changes in traditional issues in the digital era.