Research on the Effects of Environmental Investments on Regional Spatial Spillover Effects

Abstract

Abstract:

In this paper, the study of environmental investments is explained from two perspectives:investment in environmental pollution control and investment in the construction of environmental infrastructure. It focuses on the analysis of the response relationship between two types of environmental investments and the spillover effect of regional economic growth in China as well as the differences and causes of the impacts of two types of environmental investments. It calculates the spatial spillover effects of regional economic growth with Durbin model based on the regional panel data of 30 regions in China from 2004 to 2014. The results show that there is a strong correlation among the investment in environmental pollution control, investment in the construction of environmental infrastructure and regional GDP, and then the positive spillover effects are generated in this region and adjacent areas. It means that when the investment in environmental pollution control and investment in the construction of environmental infrastructure increase 1%, the total spatial spillover effects are 0.056% and 0.052%, the spatial spillover effects in adjacent areas are 0.031% and 0.029%. It suggests that the two kinds of investments have a more significant positive economic spillover effect of GDP on neighboring areas. The investment in environmental pollution control has a more significant impact on regional GDP than investment in the construction of environmental infrastructure. It also proposes the diversification of the investment and financing bodies in environmental infrastructure and improvement of the investment efficiency of environmental pollution control so as to promote the regional spatial spillover effects of environmental investments from the two aspects.

Key words: environmental investments, regional economic growth, spatial spillover effects, Durbin model

Wu Di, Kuang Haibo, Pan Xianyou. Research on the Effects of Environmental Investments on Regional Spatial Spillover Effects[J]. , 2018, 30(10): 49-57.

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