汇率、贸易壁垒与企业“诱发性”对外投资决策被引量：8

Exchange Rate,Trade Barriers and “Induced” Outward FDI Strategies

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摘要将汇率冲击、贸易壁垒与"诱发性"对外直接投资置于一个理论框架下,揭示其间的诱发机制与综合传导路径,得出结论如下:跨越贸易壁垒是诱发企业对外投资行为的重要动因,汇率对直接投资流出可能具有"双向性"作用;在遭遇东道国反倾销威胁时,市场规模对企业对外投资的"跨越"动机起到制约作用;企业拥有的成本优势越具备"可转移"特征,越容易"诱发"对外直接投资的形成;行业内产品差异化程度越高,则越能"诱发"企业从事对外投资。 This paper places exchange rate,trade barriers and ＂induced＂ foreign direct investment into a same theoretical framework to reveal mechanism and integrated path-through.The conclusions are：Shunning trade barriers is an important motivation for FDI and exchange rate may have a ＂two-way＂ effect on it;In the event of anti-dumping threat,market size plays a regulatory role on firm＇s FDI decision;The more with the feature of ＂firm-specific＂ advantage,the easier inducing outward FDI;The lower is the degree of product differentiation,the less the tendency for firm＇s foreign investment;The higher the degree of product differentiation,the more probability for firm＇s engaging in ＂induced＂ FDI.

作者孙文莉伍晓光

机构地区北京外国语大学国际商学院中国社会科学院亚太与全球战略研究院

出处《财贸研究》 CSSCI 北大核心 2012年第2期67-75,共9页 Finance and Trade Research

基金教育部新世纪优秀人才支持计划(NCET-10-0255) 中央高校基本科研业务费专项资金(2009JJ025) 国家社科基金项目"汇率冲击贸易摩擦对中国直接投资流出的诱发机制研究"(11BJL049)

关键词汇率贸易壁垒 “诱发性”对外直接投资企业特定成本优势 exchange rate trade barriers outward FDI enterprise＇s specific advantage

分类号 F740 [经济管理—国际贸易]

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