欧阳艳艳副教授等关于国际直接投资研究的理论文章在《Environmental and Resource Economics》发表
《Environmental and Resource Economics》2023年第4期刊发了欧阳艳艳副教授、孙传旺教授、魏晓楠博士生与谢创宇研究生的合作论文《Will Temperature Changes in the Host Country Reduce the Inflow of International Direct Investment? Micro Evidence from Chinese Listed Companies》。
摘要如下：
With the ever-increasing global temperatures, the long-term climate change trend has become an essential part of global investor strategies. Before dealing with the reduction of international direct investment caused by climate change, governments and enterprises should clarify the causal relationship between temperature change and international direct investment, as well as the impact mechanism. This paper empirically examines the impact of host country temperature changes on the probability and scale of international direct investment inflows using data on Chinese enterprises’ foreign direct investment and the temperature of each host country from 2009 to 2019. The results show that a 1% increase in host country temperature decreases the probability of Chinese firms’ FDI inflows by 5.92% and reduces the size of FDI by 2.60%. The host country’s temperature change has a cumulative effect on inhibiting Chinese enterprises’ direct investment. The mechanism analysis shows that high temperatures increase the number of meteorological disasters, causing economic losses and reducing economic growth rates, which in turn inhibit direct investment from China. The negative effect of host country temperature change on firms’ location choice for international investment is more significant in manufacturing, non-state, and low R&D investment firms.
关键词：Temperature change;Foreign direct investment;Location selection;Meteorological hazards
（作者简介：欧阳艳艳，中山大学国际金融学院副教授、区域开放与合作研究院副院长；孙传旺，厦门大学经济学院中国能源经济研究中心教授；魏晓楠，厦门大学经济管理学院博士生；谢创宇，中山大学国际金融学院研究生）
编辑：陈倩怡
审核发布：毛艳华