Research on the Impact of Host Country Environmental Eegulations on China's OFDI under Different Investment Motivations——Empirical Research based on Panel Data of Asian Countries
DOI:
https://doi.org/10.56028/aemr.1.1.184Keywords:
Environmental regulation; investment motivation; foreign direct investment; Asian countriesAbstract
This paper takes the panel data of China's OFDI in 28 Asian countries from 2008 to 2019 as a sample to empirically verify the impact of host country environmental regulations on OFDI under different investment motivations from a macro perspective. The empirical results show that: (1) China has obvious market seeking motivation, natural resources seeking motivation, and efficiency-seeking motivation for OFDI of Asian countries; (2) The host country's environmental regulations have a significant inhibitory effect on China's natural resource-seeking and efficiency-seeking OFDI in Asian countries, and have a significant promotion effect on innovative asset-seeking OFDI, but have little impact on market-seeking OFDI; (3) In the long run, the impact of host country's environmental regulations on China's OFDI shows a significant U-shaped relationship.