【摘要】 “中国式分权”下的政府行为作为粗放型经济发展模式的重要原因，可能成为理解“异质性”外资与绿色发展关系的重要窗口。利用2003—2021年中国省际面板数据，实证分析了“中国式分权”体制下FDI质量与区域绿色发展之间的关系。研究发现：(1)FDI质量每增加1个标准差，区域绿色发展指数将提升6.43%,这种促进作用由外资出口能力、技术水平、引进数量与业绩指数驱动；(2)财政分权抑制了FDI质量对区域绿色发展的促进作用，这一调节效应随地区财政分权水平的提升而增强；(3)以研发投入和人力资本作为门槛变量的回归结果表明，当吸收能力跨越门槛值时，财政分权反而将放大FDI质量对区域绿色发展的促进效应；(4)进一步分析发现，财政分权的负向调节效应主要作用于绿色环境和绿色资源两大系统。研究结果为财政分权体制下FDI赋能绿色发展提供重要的理论参考和实践指导。更多还原

【Abstract】 Government behavior under Chinese-style decentralization, as the major cause of the extensive economic growth pattern, may be an important window to understand the relationship between heterogeneity of foreign investment and green development.Using China’s inter-provincial panel data from 2003 to 2021,this paper empirically analyzes the relationship between FDI quality and regional green development under the Chinese-style decentralization system.The study finds that:(1)For each standard deviation increase in the FDI quality, the regional green development index increases by 6.43%,which is driven by the export capacity, technological level, introduction quantity, and performance index of FDI.(2)Fiscal decentralization inhibits the promotion effect of FDI quality on regional green development, and this moderating effect increases with the level of regional fiscal decentralization.(3)The regression results using R&D investment and human capital as threshold variables indicate that fiscal decentralization will instead amplify the promotion effect of FDI quality on regional green development when absorptive capacity crosses the threshold.(4)Further analysis reveals that the negative moderating effect of fiscal decentralization mainly acts on the two systems of green environment and green resources.The research results provide important theoretical references and practical guidance for FDI empowering green development under the fiscal decentralization system.更多还原