How factor market distortions affect OFDI: An explanation based on investment propensity and productivity effects

Kong, Qunxi; Tong, Xin; Peng, Dan; Wong, Zoey; Chen, Huy

doi:10.1016/j.iref.2020.12.025

Cited by 57 publications

(18 citation statements)

References 18 publications

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“…There are significant impacts of OFDI on the labour force [24], technological innovation [25], and energy consumption. Meanwhile, the impact of factor distortions on OFDI is also of great concern [26]. (3) In energy terms, energy has been a hot topic of discussion regarding the correlation between OFDI and influencing factors [27][28][29].…”

Section: Factors Influencing Ofdimentioning

confidence: 99%

Impacts of OFDI on Host Country Energy Consumption and Home Country Energy Efficiency Based on a Belt and Road Perspective

2021

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Under the Belt and Road concepts of mutual benefit and win–win cooperation, China is strengthening its energy cooperation with other countries. We used several econometric models and social network analysis models to study the impacts of China’s outward foreign direct investment (OFDI) on the host and home countries. We first examined China’s OFDI location preference and analysed the effects of OFDI on energy consumption in host countries. Meanwhile, we observed the impact of the reverse spillover effect of OFDI on China’s energy efficiency. The results indicate that (1) the impact of China’s OFDI on energy consumption in host countries has been lower than that on neighbouring countries, and increased significantly after 2014. (2) The space network of energy consumption in Belt and Road countries has a strict hierarchical structure. However, it was disbanded by the Belt and Road policy in 2014. The network centres are situated primarily in Middle Eastern and European countries, and the network’s periphery is mainly in South-East and West Asian countries. (3) The reverse spillover effects of OFDI, FDI, domestic R&D absorptive capacity, human capital, and financial development levels are conducive to improving China’s energy efficiency whereas regional professionalism does the opposite.

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Section: Factors Influencing Ofdimentioning

confidence: 99%

Impacts of OFDI on Host Country Energy Consumption and Home Country Energy Efficiency Based on a Belt and Road Perspective

2021

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“…Energy consumption and pollutant emissions of heavily polluting industries account for a large proportion of the total [ 2 ], and are highly representative. Following Kong et al [ 47 ], initial data are processed as follows: (1) Exclude enterprises with negative total assets, negative current liabilities and leverage ratios exceeding 100%; (2) Exclude enterprises where important variable data are missing; (3) Exclude ST firms. Our final sample includes a total of 6203 enterprise-year observations.…”

Section: Methodology and Data Descriptionmentioning

confidence: 99%

Can Digital Economy Promote Energy Conservation and Emission Reduction in Heavily Polluting Enterprises? Empirical Evidence from China

Zhang

Kuang

2022

IJERPH

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This paper examines the impact of digital economy on corporate energy conservation and emission reduction (CECER) using China’s A-share listed heavily polluting enterprises from 2012 to 2019 as a sample. Our results show that: (1) Digital economy can significantly increase CECER, and this effect is significant for mining and manufacturing enterprises, and less significant for power, heat production and supply enterprises; (2) Mechanism research shows that digital economy promotes CECER through enhancing the green technology innovation capability, easing the financing constraints, and boosting market competition; (3) Heterogeneity research indicates that the promotion of digital economy to CECER is more significant in economically developed regions and regions with less financial pressure from local governments. This paper clarifies the factors influencing CECER and provides empirical evidence for achieving digital economy development and government goals for CECER.

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“…Companies usually select excellent employees based on their differentiated characteristics. Therefore, due to information asymmetry, differences in the capabilities of firms and workers can lead to labour misallocation ( Kong et al, 2021 ). Moreover, there is a labour shortage in economically developed areas along the eastern coast of China, while in the inland areas of the western region that have large populations, there is a labour surplus.…”

Section: Literature Reviewmentioning

confidence: 99%

Towards sustainable development in China: How do green technology innovation and resource misallocation affect carbon emission performance?

Zhou

Zhang

et al. 2022

Front. Psychol.

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Green technology innovation is an effective way through which to achieve carbon neutrality and sustainable development. Based on provincial panel data of 30 provinces in China from 2005 to 2018, this work examines the tripartite relationship among green technology innovation, resource misallocation, and carbon emission performance by constructing panel regression models and a dynamic threshold panel model. The research results show that green technology innovation significantly improves carbon emission performance. Further analysis shows that both capital and labour misallocation have a negative impact on carbon emission performance and hinder the contribution of green technology innovation to the improvement of carbon emission performance. The regression results show that there is a threshold effect of green technology innovation on carbon emission performance: as the degree of resource misallocation increases, the positive impact of green technology innovation on carbon emission performance gradually decreases. This study provides an important reference for policy-makers in implementing policies to improve carbon emission performance. Policy-makers should continue to promote the level of green technology innovation and improve the efficiency of labour and capital allocation.

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How factor market distortions affect OFDI: An explanation based on investment propensity and productivity effects

Cited by 57 publications

References 18 publications

Impacts of OFDI on Host Country Energy Consumption and Home Country Energy Efficiency Based on a Belt and Road Perspective

Impacts of OFDI on Host Country Energy Consumption and Home Country Energy Efficiency Based on a Belt and Road Perspective

Can Digital Economy Promote Energy Conservation and Emission Reduction in Heavily Polluting Enterprises? Empirical Evidence from China

Towards sustainable development in China: How do green technology innovation and resource misallocation affect carbon emission performance?

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