Factor input structure,environmental policies,and the export quality upgrade:a perspective of heterogeneity

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摘要 Intheanalysisofhowenvironmentalregulationaffectsthecomparativeadvantageoftrade,existingliteratureignoresindustry’sinherentheterogeneity,whichdrawsremarkablydifferentconclusions.Inviewofthis,thepaperanalyzedthemechanismofenvironmentalregulationontheexportqualityofdifferentindustriesfromtheperspectiveoffactorinputstructureheterogeneity.BasedonthepaneldataofChina’smanufacturingindustry,thepaperusedthesystemgeneralizedmethodofmomentsmethodtoexaminetheheterogeneityinfluenceofenvironmentalregulationonmanufacturingexportquality.Thestudyfoundthat,first,environmentalregulationaffectedtheexportqualityupgradeofthemanufacturingsectorthroughoffseteffectandcompensationeffect,andthedirectionoftheimpactwouldmainlydependontheindustry’sfactorinputstructure.Second,forindustrieswithlargerfixed-assetinvestment(FAI)ratiointhefactorinputstructure,thecurrentenvironmentalregulationpolicywasnotconducivetotheexportqualityupgradingoftheindustries.However,therewasasignificantU-shapeddynamicrelationshipbetweenthem.Asenvironmentalregulationsbecamestricter,whenregulatorystringencywentbeyondtheinflectionpoint,thepolicywouldpromotetheupgradingofexportquality.ButforindustrieswithsmallerproportionofFAI,environmentalregulationexertedafavorableimpactontheexportqualityupgrade,followingaJ-shapedmarginalgrowthcurve.Third,forindustrieswithdifferentfactorinputstructure,theirexportqualityhadbeeneffectivelyupgradedasexpectedbyfactorslikehumancapitalinvestment,independentR&D,technologyintroduction,andforeigndirectinvestment;butraisingpercapitacapitalstockandexpandingenterprisesizedidnotproducesignificantdirectimpactonexportqualityupgrade.Theseconclusionsremainedrobustafterusingdifferentmeasurementmethodsandreplacingwithothervariables.Therefore,thispapersuggeststhatgovernmentsshouldt
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出版日期 2018年01月11日(中国期刊网平台首次上网日期,不代表论文的发表时间)
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