FDI,openness and income

This is an empirical study of the impact of foreign direct investment (FDI) on income. It presents cross-country evidence that inward FDI is positively correlated with income. In addition, an instrument for FDI is constructed to address the issue of endogeneity. The results show that instrumental-variables (IV) estimates of the impact of FDI on income are positive and greater than OLS estimates, similar to the findings on trade in Frankel and Romer (). The evidence in this paper suggests that inward FDI contributes to higher income, and favours the argument of Irwin and Terviö () that trade openness is subject to measurement error – in particular, trade is an imperfect proxy for many income-enhancing interactions between countries.     

Influence of International Openness on Corporate Environmental Performance in China

This paper examines how international openness influences China's corporate environmental performance. A unique firm‐level dataset is constructed by combining two databases: the Annual Industrial Survey and the China GreenWatch Program Rating System. The empirical results obtained from a series of ordered probit models indicate that openness has a positive relation to corporate environmental performance in China. However, the two main market‐opening strategies in China, exporting and attracting foreign investment, have different effects on environmental performance. The results reveal that foreign investment plays a substantial and positive role that can support the environmental spillovers in China. However, the effect of exporting is insignificant. The environmental pressure from foreign customers to improve Chinese firms' environmental performance presents a challenge. Our study indicates that China could make environmental quality improvements through increased international openness, as is likely the case for other developing countries.     

The Impact of the Global Financial Crisis and the Role of External and Internal Factors in Emerging Economies

This article assesses the impact of trade, capital openness and institutions on emerging economies’ output loss during the “Great Recession.” The fixed-effect estimates of an unbalanced panel of 122 emerging countries observed from 2008 to 2010 yield three main results. First, trade openness has exacerbated output loss. Second, capital openness can help mitigate the negative impact of an external shock, but this is conditional on the level of financial development. Finally, the results also point out that the interrelations between financial and institutional development affect the crisis’s severity.     

美国涉华诉讼对科技交流政策的影响和展望

美国司法部的“中国行动计划”实施三年以来,给中美两国正常的科技合作和学术交流带来了严重的影响和打击。近期美国一系列涉华诉讼引发了各界讨论,迫切敦促美国政府机构在保护知识安全的同时必须兼顾学术开放。美国最高科技政策决策机构决意出台实施指南,解决科技学术界的紧迫关切。中美两国领导人的线上会晤也就全球关切的议题进行交流合作,释放了积极信号,我国亦应鼓励科研人员继续进行跨国界的科学探索,努力促成和恢复中美在科技、人文等领域的正常交流合作。     

经济开放度与区域经济增长关系的实证研究——基于福建省1981-2010年数据的计量检验

经济开发度是衡量一个国家或地区对外经济合作、参与国际分工的重要指标,对区域经济增长也有着一定程 度的影响.文章选取福建省1981-2010年的相关数据,通过数据的度量分析和实证检验,得出结论:经济开放度对福建区域经济增长有明显的促进作用.细化到二级指标,外贸依存度对福建区域经济增长有着显著的正向影响,而外资依存度的影响不明显;进一步细化到三级指标,只有出口依存度与福建区域经济增长有十分显著的正相关关系.文章在此基础上提出了相应的政策建议.     

Openness,Regional Trade Agreements and Growth: Evidence from Asia*

This paper assesses the relationship between regional trade agreements, trade integration and economic growth in 21 South and South‐East Asian countries over the period from 1980 to 2004. We aim to answer the following questions. First, how does the trade policy of a given country (and countries within the same region) affect a nation's domestic growth? Second, should developing economies in South and South‐East Asia engage in regional trade agreements (RTA) or move towards broad liberalization? Our results show that openness of either a single country or of its neighbors does not affect a nation's growth and that the impacts of RTA are unclear (if not detrimental to growth in some cases, once endogeneity is accounted for). Panel Granger‐causality tests running from openness to growth yield mixed results and some conclusions depend on the particular subsample under scrutiny.     

外资引进与经济增长的相关性分析:来自四川的经验证据

改革开放以来,四川省经济增长速度惊人,促使它如此快速增长的因素有很多,本文将从引进外资额这一因素来分析其与经济增长的关系。采用定性与定量的研究方法,来探讨外资引进与经济增长的关系。     

集聚、贸易开放与能源效率——基于门槛面板模型检验

文章采用2003-2011年中国31省市面板数据分析了贸易开放条件下产业集聚对能源效率的影响,并运用门槛面板模型和线性模型对两者之间的关系进行了实证检验.研究结果表明,我国产业集聚对能源效率的影响存在贸易开放三门槛效应,当贸易开放水平处于较低水平时其影响不显著,只有在贸易水平超过一定门槛值后该影响效果才会显著,并且随着贸易水平的不断提高而增大.同时,本文的政策建议侧重于两个方面：一是提高对外开放水平,二是提高产业集聚水平.