Comprehending the environmental regulation, biased policies and OFDI reverse technology spillover effects: a contingent and dynamic perspective

Technology spillovers have the substantial effect on the industrial structure in emerging economies especially from OFDI (Outward Foreign Direct Investment). This research aims to examines the issue on how environmental regulation and biased policies can more effectively promote the OFDI reverse tec...

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Bibliographic Details
Published in:Environmental science and pollution research international 2022-05, Vol.29 (22), p.33167-33179
Main Authors: Fahad, Shah, Bai, Dongbei, Liu, Lingcai, Dagar, Vishal
Format: Article
Language:English
Subjects:
Aquatic Pollution
Atmospheric Protection/Air Quality Control/Air Pollution
China
Earth and Environmental Science
Economic Development
Ecotoxicology
Environment
Environmental Chemistry
Environmental Health
Environmental regulations
Environmental science
Industrial policy
Internationality
Investments
Policies
Policy
Regional development
Regression models
Research Article
Technology
Waste Water Technology
Water Management
Water Pollution Control
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Summary:Technology spillovers have the substantial effect on the industrial structure in emerging economies especially from OFDI (Outward Foreign Direct Investment). This research aims to examines the issue on how environmental regulation and biased policies can more effectively promote the OFDI reverse technology spillover effect, specifically the technology spillovers. By classifying the key industries mentioned in the ‘12th Five-Year Plan’ and ‘13th Five-Year Plan’, this research uses panel data from 2010 to 2019 obtained from provincial OFDI in China and utilizes difference in difference (DID) model and threshold regression approach to validate the analysis. The results show that the key industrial policy is favorable to the local OFDI reverse technology spillover. From the outlook of economic significance, the industrial policy increases the regional OFDI reverse technology spillover by 0.133%. Findings of our study further reveals that the environmental regulation and biased policy effectively promote the regional OFDI reverse technology spillover with certain stability. This study findings will be beneficial for policy makers to stimulate the reverse technology spillover impact of local OFDI more effectively from three aspects such as regional marketization level, innovation ability and financial structure.
ISSN:0944-1344
1614-7499
DOI:10.1007/s11356-021-17450-1