The Impact Of FDI Quality On China’s Regional Green Economic Growth

Since the reform and opening up,multinational enterprises from all over the world have been coming to China for investment,and the scale and scope of FDI have gradually expanded,which has proved to be an significant engine to realize China’s steady economic development.However,this type of foreign direct investment mainly characterized by "quantity type" makes China’s economic growth pattern more extensive to a certain extent.The pressure on resources and the environment has continued to increase.In recent years,China’s economy in the "new normal" stage has stopped unilaterally pursuing growth rate,the pattern of economic development is gradually shift from extensive to intensive,and the major objective of economic development is high-quality development.Among them,how to attract high-quality foreign direct investment to achieve a regional green economy growth on the premise of saving resources and protecting the environment has become a top priority,and this is also the starting point of this study.This paper begins by reviewing relevant literature research on green economic growth and the quality of FDI,which is divided into three parts: The first is the connotation and measuring the quality of FDI,and its relationship with economic growth and environmental pollution;The second is the connotation of green economic growth,measure and influencing factors;The third is the relationship between FDI and green economic growth.Then,the influence of FDI quality on China’s regional green economic growth is theoretically analyzed from the perspective of overall effect and mechanism.And two transmission paths and hypotheses that FDI quality influences regional green economic growth through industrial structure upgrading effect and innovation ability upgrading effect are put forward.Then,regard the panel data in 2007 to 2019 of 30 provinces,municipalities and autonomous regions as sample.Selecting suitable variables and panel data for the dual fixed effect model,test the influence of FDI quality on China’s regional green economic growth by a series of empirical analyses.According to the empirical results,the main conclusions are as follows:（1）The quality of FDI has a significant part in boosting the green economy growth of China’s region.This result remains significant after robustness tests of endogeneity treatment and replacement indicators.（2）The quality of foreign direct investment promotes green economic growth in eastern regions more than in central and western regions;it promotes green economic growth in regions with developed tertiary industries more than regions with less developed tertiary industries.（3）Through the intermediary effect test,it is found that the quality of foreign direct investment can promote the growth of regional green economy by promoting the effect of industrial structure upgrading（including industrial structure rationalization and upgrading）and the effect of improving innovation ability.Finally,on the basis of the research results of this paper,four pertinent suggestions are put forward.The first is to pay attention to strengthen the absorption and introduction of high-quality FDI.The second is to draw up and perfect differentiated development strategies in line with local conditions.The third is to bring the leading function of industrial structure upgrading into full play.And the fourth is to encourage enterprises to increase R＆D to further improve their innovation capabilities,so as to promote the region to better achieve green economic growth.