Relationship between FDI, fiscal expenditure and green total-factor productivity in China: From the perspective of spatial spillover

Wang, Keliang; He, Shan; Zhang, Fuqin

doi:10.1371/journal.pone.0250798

Cited by 19 publications

(13 citation statements)

References 76 publications

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“…We draw on the methods of Wang et al [ 92 ], and divide the samples into high- and low-income countries according to per capita national income. Columns (5, 6) of Table 7 show the estimated results.…”

Section: Resultsmentioning

confidence: 99%

Governance, financial development and China’s outward foreign direct investment

Gao

Wen²,

Yang³

2022

PLoS ONE

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Deeply investigating the relationship between governance, financial development, and outward foreign direct investment (OFDI) is beneficial to formulating effective policies to accelerate Chinese firms’ pace of overseas expansion. Based on the theoretical mechanism analysis, this paper empirically analyzes the impact of Asian governance and financial development on China’s OFDI using the panel data of 37 Asian countries from 2003 to 2017. The results show that the host country governance has a negative and statistically significant impact on China’s direct investment in Asia. The conclusion remains valid even after overcoming the interference of endogenous and economic cycle fluctuations. Moreover, using the mediating effect model, we find that financial development is an important channel through which host country governance affects China’s OFDI. In further discussion, the findings suggest that with the scale of OFDI expanding, the role of governance takes an inverted "U" shape, and the "Belt and Road" initiative (BRI) weakens the negative impact of governance quality on China’s OFDI. Furthermore, governance has shown more remarkable restraint on China’s OFDI in neighboring, coastal, and low-income countries in the heterogeneity test. From the perspective of host country governance, this paper provides more specific guidance to formulate China’s direct investment policy in Asia.

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Section: Resultsmentioning

confidence: 99%

Governance, financial development and China’s outward foreign direct investment

Gao

Wen²,

Yang³

2022

PLoS ONE

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“…The institutional factor mostly means the government’s influence on the market economy. Wang et al suggested that it is necessary to give full attention to the synergy between FDI and fiscal expenditure and formulate regionally targeted policies to improve GTFP and promote high-quality development in China [ 27 ]. Song et al found that the expenditure decentralization and the fiscal expenditure competition among different areas are conducive to improving the local area’s GTFP [ 28 ].…”

Section: Literature Reviewmentioning

confidence: 99%

Total Factor Productivity and High-Quality Economic Development: A Theoretical and Empirical Analysis of the Yangtze River Economic Belt, China

Zeng

Shu

Wen-xian

2022

IJERPH

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This paper focuses on the total factor productivity (TFP) and high-quality economic development in China by examining 11 Chinese provinces and cities in the Yangtze River Economic Belt from 2007 to 2018. We use the Solow residual method to calculate the TFP growth rate of the 11 provinces and cities. Based on the panel data, we have analyzed the influencing factors of TFP theoretically and empirically from the overall region and upstream region, and midstream region and downstream region, respectively. The regression results show that: (1) The whole characteristics generally show the TFP growth trend of the upstream region, midstream region and downstream region are consistent with that of the overall region, and the growth rate of TFP slows down gradually. Meanwhile the differences in TFP growth between the upstream region, midstream region and downstream region show an increase at first and then a decrease. (2) Regarding the influencing factors, there are differences in the direction and extent of the impact of each factor such as the level of openness, R&D investment, industrial structure, government expenditure and human capital on the TFP of the overall region, upstream region, midstream region and downstream region. (3) Based on the results of the theoretical and empirical analysis, we have proposed a series of measures for the sustainable high-quality development of the Yangtze River Economic Belt.

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“…A substantial body of existing research concerns the mechanisms of the fiscal decentralization affecting GTFP [ 48 , 49 ]. Song et al (2020) studied the effectiveness of decentralized fiscal authority on GTFP from a revenue perspective and an expenditure perspective, respectively [ 50 ].…”

Section: Literature Reviewmentioning

confidence: 99%

Impact of Artificial Intelligence on Regional Green Development under China’s Environmental Decentralization System—Based on Spatial Durbin Model and Threshold Effect

Fang

Cao

Sun

2022

IJERPH

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Artificial intelligence (AI) is the core technology of digital economy, which leads the transition to a sustainable economic growth approach under the Chinese-style environmentally decentralized system. In this paper, we first measured the green total factor productivity (GTFP) of 30 Chinese provinces from 2011 to 2020 using the super-efficiency slacks-based measure (SBM) model, analyzed the mechanism of the effect of AI on GTFP under the environmental decentralization regime, and secondly, empirically investigated the spatial evolution characteristics and the constraining effect of the impact of AI on GTFP using the spatial Durbin model (SDM) and the threshold regression model. The findings reveal: a U shape of the correlation of AI with GTFP; environmental decentralization acts as a positive moderator linking AI and GTFP; the Moran index demonstrates the spatial correlation of GTFP; under the constraint of technological innovation and regional absorptive capacity as threshold variables, the effect of AI over GTFP is U-shaped. This paper provides a useful reference for China to accelerate the formation of a digital-driven green economy development model.

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Relationship between FDI, fiscal expenditure and green total-factor productivity in China: From the perspective of spatial spillover

Cited by 19 publications

References 76 publications

Governance, financial development and China’s outward foreign direct investment

Governance, financial development and China’s outward foreign direct investment

Total Factor Productivity and High-Quality Economic Development: A Theoretical and Empirical Analysis of the Yangtze River Economic Belt, China

Impact of Artificial Intelligence on Regional Green Development under China’s Environmental Decentralization System—Based on Spatial Durbin Model and Threshold Effect

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