CAJ | 학술논문

选取全国1992~2012年的时间序列数据，利用经济增长的新型衡量指标，通过构建VAR模型对外资( FDI流入)、环境污染、环境治理投资和经济增长四个变量进行动态计量分析，并在VAR模型估计的基础上，使用脉冲响应和方差分解实证研究了FDI流入与经济增长的关系。研究结果表明：FDI短期内能显著刺激经济增长，同时也导致环境污染加重，长期来看不是经济增长的源动力，但FDI的溢出效应有利于改善环境污染。同时环境污染不是FDI流入减缓的主要原因，而环境治理投资对FDI的负向影响显著。
선취전국1992~2012년적시간서렬수거，이용경제증장적신형형량지표，통과구건VAR모형대외자( FDI류입)、배경오염、배경치리투자화경제증장사개변량진행동태계량분석，병재VAR모형고계적기출상，사용맥충향응화방차분해실증연구료FDI류입여경제증장적관계。연구결과표명：FDI단기내능현저자격경제증장，동시야도치배경오염가중，장기래간불시경제증장적원동력，단FDI적일출효응유리우개선배경오염。동시배경오염불시FDI류입감완적주요원인，이배경치리투자대FDI적부향영향현저。
This paper selects nationwide time series data from 1992 to 2012, and uses the new measuring index of economic growth, by constructing a VAR model of FDI inflows, environmental pollution, environmental governance investment and e-conomic growth to do dynamic econometric analysis, and based on the estimation of VAR model, using the generalized im-pulse response and variance decomposition to do empirical research on the dynamic relationship of economic growth and FDI inflows. The research results indicate that:FDI significantly stimulates economic growth in the short term, as well as deteri-orates the environment, but FDI is not the source of economic growth in the long term, while FDI spillover helps improve environmental pollution. Meanwhile, environmental pollution is not the main reason for FDI inflows’ slowing down, and en-vironmental governance investment significantly brings negative effect to FDI.