Quantitative analysis of China's carbon emission intensity by coordinated development of two-way FDI: based on spatial econometric model

Abstract

This paper takes IFDI and OFDI as a whole through the coupling function to calculate the coordinated development level of two-way FDI. Based on the data from 2003 to 2019, a spatial Dubin model was constructed, and then a mediating effect model was added to further analysis to explore the impress of harmonious development of two-way FDI on China's carbon intensity. The results show that the harmonious development of two-way FDI inhibits the regional carbon intensity, and shows a reverse spatial spillover impress on the carbon intensity of surrounding provinces, especially the indirect effect caused by spatial and geographical factors. Further research finds that the overall level of local innovation can reinforce the inhibitory influence of FDI on carbon emission intensity, but in geographic space, it can increase the carbon emission intensity of surrounding provinces.