IDEAS home Printed from https://ideas.repec.org/a/plo/pone00/0245891.html
   My bibliography  Save this article

Have FDI quantity and quality promoted the low-carbon development of science and technology parks (STPs)? The threshold effect of knowledge accumulation

Author

Listed:
  • Shujing Zhang
  • Beibei Hu
  • Xiufeng Zhang

Abstract

In recent times, China has emphasized five major development concepts to promote high-quality development: coordination, green, innovation, openness, and sharing. As a metamorphosis of these ideas, Chinese science and technology parks (STPs) are gathering areas of high-tech industries and represent advanced productive forces. Their greenness, openness, and innovative developments herald the future development trends of China. Based on the data of 52 STPs in China from 2011 to 2018, this study analyzes the impact of foreign direct investment (FDI) quantity and quality on the low-carbon development of the STPs. We use Hansen’s nonlinear panel threshold regression model with knowledge accumulation as the threshold variable. The results show the following: First, there are complex nonlinear relationships between FDI quantity, FDI quality, and the low-carbon development of the STPs. Second, FDI quantity has a significant positive impact on the low-carbon development of the STPs only when the level of knowledge accumulation is below a certain threshold. Beyond this threshold the effect is no longer significant. Third, FDI quality has a significant positive impact on the low-carbon development of STPs only when the level of knowledge accumulation is lower than a certain threshold; beyond which, the impact is no longer significant. These results can serve as a reference for China to effectively promote economic low-carbon growth of STPs and achieve green, open, and innovative development.

Suggested Citation

  • Shujing Zhang & Beibei Hu & Xiufeng Zhang, 2021. "Have FDI quantity and quality promoted the low-carbon development of science and technology parks (STPs)? The threshold effect of knowledge accumulation," PLOS ONE, Public Library of Science, vol. 16(1), pages 1-18, January.
    • Handle: RePEc:plo:pone00:0245891
    DOI: 10.1371/journal.pone.0245891
    as

    Download full text from publisher

    File URL: https://journals.plos.org/plosone/article?id=10.1371/journal.pone.0245891
    Download Restriction: no
    File URL: https://journals.plos.org/plosone/article/file?id=10.1371/journal.pone.0245891&type=printable
    Download Restriction: no
    File URL: https://libkey.io/10.1371/journal.pone.0245891?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Ren, Shenggang & Yuan, Baolong & Ma, Xie & Chen, Xiaohong, 2014. "The impact of international trade on China׳s industrial carbon emissions since its entry into WTO," Energy Policy, Elsevier, vol. 69(C), pages 624-634.
    2. Alfaro, Laura & Chanda, Areendam & Kalemli-Ozcan, Sebnem & Sayek, Selin, 2004. "FDI and economic growth: the role of local financial markets," Journal of International Economics, Elsevier, vol. 64(1), pages 89-112, October.
    3. Su, Yaqin & Liu, Zhiqiang, 2016. "The impact of foreign direct investment and human capital on economic growth: Evidence from Chinese cities," China Economic Review, Elsevier, vol. 37(C), pages 97-109.
    4. Wolfgang Keller & Arik Levinson, 2002. "Pollution Abatement Costs and Foreign Direct Investment Inflows to U.S. States," The Review of Economics and Statistics, MIT Press, vol. 84(4), pages 691-703, November.
    5. Glass, Amy Jocelyn & Saggi, Kamal, 1998. "International technology transfer and the technology gap," Journal of Development Economics, Elsevier, vol. 55(2), pages 369-398, April.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Ying Nie & Qingjie Liu & Rong Liu & Dexiao Ren & Yao Zhong & Feng Yu, 2022. "The Threshold Effect of FDI on CO 2 Emission in Belt and Road Countries," IJERPH, MDPI, vol. 19(6), pages 1-20, March.
    2. Zhizhong Liu & Guangyue Liu & Xu Han & Yingna Chen, 2022. "Green Technology of Foreign Direct Investment on Public Health: Evidence from China," Sustainability, MDPI, vol. 14(20), pages 1-16, October.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Shaukat, Badiea & Zhu, Qigui & Khan, M. Ijaz, 2019. "Real interest rate and economic growth: A statistical exploration for transitory economies," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 534(C).
    2. Argentino Pessoa, 2008. "Multinational Corporations, Foreign Investment, and Royalties and License Fees: Effects on Host-Country Total Factor Productivity," Notas Económicas, Faculty of Economics, University of Coimbra, issue 28, pages 6-31, December.
    3. Marasco, Antonio, 2002. "High tech foreign direct investment and its impact on economic development," MPRA Paper 5390, University Library of Munich, Germany, revised Apr 2005.
    4. Lu, Qian & Zhao, Yunhui, 2010. "Spillover Effects of FDI in China: From the Perspective of Technology Gaps," MPRA Paper 81084, University Library of Munich, Germany.
    5. Teixeira, Aurora A.C. & Fortuna, Natércia, 2010. "Human capital, R&D, trade, and long-run productivity. Testing the technological absorption hypothesis for the Portuguese economy, 1960-2001," Research Policy, Elsevier, vol. 39(3), pages 335-350, April.
    6. Silvio Traverso & Guido Bonatti, 2015. "Education and FDI: An Insight from US Outflows," Journal of Social Economics, Research Academy of Social Sciences, vol. 2(3), pages 101-116.
    7. Brahim Bergougui & Syed Mansoob Murshed, 2023. "Spillover effects of FDI inflows on output growth: An analysis of aggregate and disaggregated FDI inflows of 13 MENA economies," Australian Economic Papers, Wiley Blackwell, vol. 62(4), pages 668-692, December.
    8. Ayse Kaya & James T. Walker, 2009. "Individual Attitudes towards the Impact of Multinational Enterprises on Local Businesses," Economics Discussion Papers em-dp2009-02, Department of Economics, University of Reading.
    9. Wasseem Mina & Louis Jaeck, 2015. "Labor Market Flexibility and FDI Flows: Evidence from Oil-Rich GCC and Middle Income Countries," International Center for Public Policy Working Paper Series, at AYSPS, GSU paper1501, International Center for Public Policy, Andrew Young School of Policy Studies, Georgia State University.
    10. Ayse M. Erdogan, 2014. "Foreign Direct Investment And Environmental Regulations: A Survey," Journal of Economic Surveys, Wiley Blackwell, vol. 28(5), pages 943-955, December.
    11. Holger Görg & David Greenaway, 2016. "Much Ado about Nothing? Do Domestic Firms Really Benefit from Foreign Direct Investment?," World Scientific Book Chapters, in: MULTINATIONAL ENTERPRISES AND HOST COUNTRY DEVELOPMENT Volume 53: World Scientific Studies in International Economics, chapter 9, pages 163-189, World Scientific Publishing Co. Pte. Ltd..
    12. Singhania, Monica & Saini, Neha, 2021. "Demystifying pollution haven hypothesis: Role of FDI," Journal of Business Research, Elsevier, vol. 123(C), pages 516-528.
    13. Shenglong Liu & Penglong Zhang, 2022. "Foreign Direct Investment and Air Pollution in China: Evidence from the Global Financial Crisis," The Developing Economies, Institute of Developing Economies, vol. 60(1), pages 30-61, March.
    14. Della Temenggung, 2007. "Productivity Spillovers from Foreign Direct Investment: Indonesian Manufacturing Industry’s Experience 1975-2000," DEGIT Conference Papers c012_048, DEGIT, Dynamics, Economic Growth, and International Trade.
    15. Jean-Marc Fournier, 2015. "The negative effect of regulatory divergence on foreign direct investment," OECD Economics Department Working Papers 1268, OECD Publishing.
    16. Yao Yao & Ruhul Salim, 2020. "Crowds in or crowds out? The effect of foreign direct investment on domestic investment in Chinese cities," Empirical Economics, Springer, vol. 58(5), pages 2129-2154, May.
    17. Nguyen, Trang Thi Thuy & Pham, Binh Thai & Sala, Hector, 2022. "Being an emerging economy: To what extent do geopolitical risks hamper technology and FDI inflows?," Economic Analysis and Policy, Elsevier, vol. 74(C), pages 728-746.
    18. Pao-Li Chang & Chia-Hui Lu, 2010. "Risk, Learning, and the Technology Content of FDI: A Dynamic Model," Working Papers 30-2010, Singapore Management University, School of Economics.
    19. Mojtaba Bahmani & Nejati Mehdi, 2015. "Trade-based Technology Transfer and Its Impact on the Iranian Economy: Using a CGE Model," Iranian Economic Review (IER), Faculty of Economics,University of Tehran.Tehran,Iran, vol. 19(1), pages 107-122, Winter.
    20. Asafo-Agyei, George & Kodongo, Odongo, 2022. "Foreign direct investment and economic growth in Sub-Saharan Africa: A nonlinear analysis," Economic Systems, Elsevier, vol. 46(4).

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:plo:pone00:0245891. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: plosone (email available below). General contact details of provider: https://journals.plos.org/plosone/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.