金融发展视角下FDI环境效应的门槛检验

摘要

Based on the panel data of 30 provinces and cities from 2003 to 2014, this paper builds aPanel Threshold Model put forward by Hansen using financial development as the threshold variable to study the effect of FDI on environment .The results show that there is an obviousdouble threshold effect of FDI on environment.When the financial development is at a low level, the inflow of FDI will exert negative impact on local envi-ronment; when financial development is at a high level, FDI will be good for the environment.%以30个省市2003－2014年的面板数据为研究样本，采用Hansen提出的门槛面板模型，并以金融发展水平为门槛变量，实证分析了FDI的环境效应。研究发现，FDI对于环境污染的影响存在显著的“双门槛效应”。当金融发展水平较低时，FDI的引进对于流入地的环境保护造成了负面影响；当金融水平发展程度较高时，FDI则起到了抑制环境污染的作用。