Study On The Relationship Between IFDI,Environmental Regulations And Green Total Factor Productivity Along The Belt And Road

The“Belt and Road”initiative promotes the free flow of capital in the countries along the route.However,some countries in the world are also publicizing the“Environmental Threats Theory” and “Resource predation” about the “Belt and Road” initiative.Countries along the “Belt and Road” have complex ecological environments and different environmental regulations.Under the Moderating effect of environmental regulations in various countries,does Chinese investment really have a negative impact on the environmental level of countries along the route?? Based on this question,the paper First,explain the development status of the countries along the “Belt and Road” using Chinese investment(IFDI),environmental regulations and green cooperation mechanisms,and then analyzed the mechanism in which IFDI affects the environment of those countries.Starting from environmental regulations,the paper analyzed the mechanism of IFDI on the local economic environment of the countries along the route.All research was to fully and accurately understand the relationship between IFDI and environmental development in countries along the Belt and Road.The integration of green development into the “Belt and Road” initiative is an important prerequisite for achieving a “win-win” situation for economic growth and environmental improvement in those countries.Green total factor productivity(GTFP)includes economic growth,energy and environment.Using GTFP to measure the economic development level of countries along the route is more in line with the requirements of contemporary green development.After considering the two factors of energy consumption and environmental pollution,this paper used the SBM model to calculate the GTFP of the countries along the “Belt and Road” to measure the green economy development level of those countries.The paper took 56 countries along the“Belt and Road” as research samples,and took scale effect,structural effect and technological effect as intermediary variable,the hypothesis proposed in this paper was tested empirically.The results showed that IFDI is a partial intermediary effect.In addition to multiple intermediary variables,it can also directly affect the local environment.This showed that Chinese investment has not reduced the environmental level of countries along the “Belt and Road”,and the human capital of countries along the line had not reached the level required for investment technology spillovers,and the industrial structure also need to be improved.Based on the analysis of the adjustment effect of multiple regressions,it is found that environmental regulation has a positive adjustment effect on the environmental effect of IFDI,which is conducive to the improvement of green total factor productivity of countries along the road.Through this research,the fallacy of "pollution transfer and resource predation" can be broken.China’s investment in countries along the "Belt and Road" will greatly help those countries to achieve sustainable development with equal emphasis on green and development.Only by correctly understanding the relationship between investment and green development and by properly using environmental regulations and cooperation mechanisms can China and the countries along the route guarantee the full realization of the goal of building a green “Belt and Road” initiative.