Environmental regulation and foreign direct investment: Evidence from China's outward FDI

被引：82
|
作者：
Dong, Yan [1 ]
Tian, Jinhuan [1 ]
Ye, Jingjing [1 ]
机构：
[1] Southwestern Univ Finance & Econ, Res Inst Econ & Management, Chengdu, Peoples R China
来源：
FINANCE RESEARCH LETTERS | 2021年 / 39卷
关键词：
Foreign direct investment; Environmental regulation br; Difference-in-differences estimation br;
D O I：
10.1016/j.frl.2020.101611
中图分类号：
F8 [财政、金融];
学科分类号：
0202 ;
摘要：
This paper investigates whether environmental regulation affects patterns of foreign direct investment (FDI) and how such patterns change across time, industries, and destination countries. We examine the pattern of Chinese FDI outflow over 2008-2018 and apply difference -indifferences estimation to circumvent other potential confounders. As a result, we find evidence that host countries with more relaxed environmental regulations attract foreign direct investment from polluting industries. However, the preference for destinations with lax regulations has been weakened among China's multinational enterprises since the promotion of the "Belt and Road Initiative" began in 2013.
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页数：11
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