东道国特征与中国对外直接投资的实证研究被引量：143

An Empirical Research on the Features of Host-country and China's Direct Investment Abroad

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摘要本文使用2000～2007年中国对外直接投资的面板数据,采用GMM估计方法,检验中国对外直接投资区位分布的影响因素,揭示中国对外直接投资的动态效应。研究发现:东道国市场规模对中国在东道国的投资具有显著的负影响,而东道国工资水平的影响并不显著;以出口度量的双边贸易联系及双边汇率对中国在东道国的投资具有显著的正影响;从动态来看,前期投资对当期投资的影响并不显著,表明中国对东道国的直接投资缺乏连续性。基于实证研究结果,本文提出了促进中国对外直接投资的相关政策建议。 Based on Dynamic Panel Model and adopted GMM method, this paper examines determinants and dynamic effects of foreign direct investment from China （China＇s FDI） using panel data of China＇s FDI from 2000 to 2007 covering 50 destination countries. Results indicate that while market scale of the host-country is a negative and significant determinant of China＇s FDI, the wage level of the host-country is insignificant one. Moreover, the linkage of trade measured in export from home to host country and bilateral exchange rate are positive and significant determinants of China＇s FDI. Finally, there is no dynamic continuity in China＇s FDI in host-country. We have given some explanations for these results. Based on the result of empirical examine, some suggestions over promoting FDI form China were proposed.

作者项本武

机构地区中南财经政法大学经济学院

出处《数量经济技术经济研究》 CSSCI 北大核心 2009年第7期33-46,共14页 Journal of Quantitative & Technological Economics

基金国家社会科学基金资助编号:07BJL040

关键词东道国特征贸易联系对外直接投资动态面板模型 GMM The Features of Host-country Linkage of Trade Foreign Direct Investment Dynamic Panel Model GMM

分类号 F125.5 [经济管理—世界经济]

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