Finance & Economics of Xinjiang ›› 2023, Issue (1): 26-37.doi: 10.16716/j.cnki.65-1030/f.2023.01.003

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A Study of the Impact of FDI on Green Total Factor Productivity of China's Manufacturing Industry—Based on Panel Data of Manufacturing Industry by Industry

CHENG Yunjie, ZHANG Zhifang   

  1. Xinjiang University of Finance and Economics, Urumqi 830012, China
  • Received:2022-06-05 Online:2023-02-25 Published:2023-05-18

Abstract:

Green transformation of manufacturing industry is an inevitable requirement to achieve high-quality economic development. Based on the data of sub-sectors in the manufacturing industry from 2006 to 2015, the impact of FDI on the green total factor productivity (GTFP) of China's manufacturing industry are analyzed by employing SBM model, GMM model and threshold effect model. The study finds that FDI has a positive influence on the growth of the overall GTFP of China's manufacturing industry, which has a promoting effect on the growth of GTFP in low environmental regulation industry, but suppresses the growth of GTFP in high environmental regulation industry; The impact of FDI on different factor-intensive industries is heterogeneous. The further study finds that FDI's influence on China's manufacturing industry GTFP has the single threshold effect of environmental regulation. The impact of environmental regulation on FDI on manufacturing GTFP is positive and marginal efficiency is decreasing. After crossing the threshold of environmental regulation, the promoting effect of FDI on GTFP of manufacturing industries with low coal energy dependence is weakened, and the promoting effect on GTFP of manufacturing industries with high coal energy dependence is strengthened.

Key words: FDI, manufacturing industry, green total factor productivity (GTFP), environmental regulation, green technological innovation, high-quality development

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