ORIGINAL RESEARCH
The Green Effects of China’s Direct Investment in Belt and Road Initiative Countries: Mechanisms and Empirical Testing
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Wei Le 1
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School of Economics and Management, China JiLiang University, China
 
 
Submission date: 2023-06-30
 
 
Final revision date: 2023-09-08
 
 
Acceptance date: 2023-09-21
 
 
Online publication date: 2024-02-06
 
 
Publication date: 2024-02-28
 
 
Corresponding author
Wei Le   

School of Economics and Management, China JiLiang University, China
 
 
Pol. J. Environ. Stud. 2024;33(3):2407-2419
 
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ABSTRACT
Based on the systematic GMM and intermediation model, the impact of China's direct investment on the green total factor productivity (GTFP) of the Belt and Road Initiative (BRI) countries are examined from the data of 48 countries during the period of 2008-2019. The results show that China's direct investment can significantly contribute to GTFP in BRI countries through the mediating mechanisms of scale, structural and human capital effects. Of these, the main one is the scale effect. In addition, the scale, structural and human capital effects all positively moderate the green driving effect of China's direct investment in BRI countries, while the technology effect weakens the process.
eISSN:2083-5906
ISSN:1230-1485
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