The Analysis Of The Effect Of Green Economy Growth Of Foreign Direct Investment

Since the reform and opening up,China's economic growth rate has attracted attention,the industrialization process has continued to advance,and industrial output value is the main driving force of GDP.However,the rapid increase in economic output has led people to ignore the problem of resource non-renewability and ecological pollution.In order to improve the dilemma of this development,coordinated and sustainable green economy development has become a new model of economic development after China's “Thirteenth National Congress”.Green total factor productivity has been used instead of GDP to measure economic development,with innovative green technology as The main driver of growth.The outbreak of the Sino-US trade war in 2018 has had an impact on the domestic financial market,real estate industry,Internet industry and other important economic contribution industries,which has greatly affected the domestic economy.Therefore,in China,where the economy enters the new normal,it is particularly necessary to explore the impact of foreign direct investment on green economy growth.This paper explores the impact of foreign direct investment on green total factor productivity from three perspectives of capital formation,production technology and ecological environment,and systematically constructs the mechanism of foreign direct investment affecting China's green economy growth.It is of great guiding significance to promote the development of green economy by foreign capital.And the analysis of the overall development history and regional distribution of foreign direct investment,paving the way for empirical results.Next,using the three-stage SBM model as the methodology,in the first three stages,the global SBM directional distance function and the GML productivity index considering energy input and undesired output are selected to measure China's green economic growth,and thesecond stage is to eliminate random factors.The impact of each region's economy under the same luck,while foreign direct investment as an environmental variable removed from the green economy measurement,in the third phase,the green total factor productivity without foreign direct investment is considered.The comparison of the relative efficiency of the three stages shows that the impact of foreign direct investment on China's green economy growth in 2003-2015 has a significant stage.In2003-2008,foreign capital promoted the development of China's green economy and the 2008-2011 financial crisis.It affects the scale and structure of foreign capital.The impact of foreign direct investment on China's green economy development is negative.From 2011 to 2015,foreign direct investment promotes China's green economy growth from the two aspects of green technology efficiency and green efficiency.The results show that foreign direct investment has different influences on various regions of China,and it promotes the green total factor productivity of Shanghai,Beijing,Guangdong and other regions in the eastern region,and mainly focuses on green technology,for the central and western regions,etc.The impact of green total factor productivity in inland areas is also positive,but the degree of effect is relatively small.As advanced technology preferentially flows into the eastern region,foreign capital is mainly to promote green economy growth by stimulating the efficiency of green technology.According to the analysis of empirical results,this paper proposes three policy recommendations for coordinating regional development,implementing green concepts,improving foreign investment policies,introducing green foreign investment,clarifying regional endowments,and conducting differential investment,in order to better utilize the green economy growth effect of foreign direct investment.Realistic reference.