摘要
利用2006—2015年中国对"一带一路"沿线38个国家的OFDI数据,基于空间面板杜宾模型,系统考察东道国制度、经济因素对中国的OFDI的影响及其相应第三国的邻近效应。总样本实证结果显示:中国的OFDI显著地偏好资源禀赋丰沛的东道国市场并伴有明显的潜在市场规模及低人工成本寻求特征,也更倾向于具有较低质量的政治制度环境及较高水平经济制度环境的东道国市场。总样本空间邻近效应表现为溢出效应。中西亚15国的回归结果与总样本的实证结论大致吻合。欧洲10国样本的回归结果显示:中国的OFDI与其政治、经济制度环境水平均无显著的关联,空间邻近效应表现为挤出效应,邻近国家工资水平、市场规模及与中国双边贸易量等是挤出效应的重要影响因素。
By using the panel data of China’s OFDI between 2006 and 2015 of 38 countries along "Belt and Road",this paper systematically investigates the impact of the host country’s institutional characteristics and economic environments on China’s OFDI,and its corresponding"proximity effect"between the host country and"the third country"based on spatial Durbin model. The total sample results show that China’s OFDI presents a significant preference for resource endowment in the host country market,with an obvious pursuit of potential market and low labor cost. It also prefers lower political and higher economic institutional environments. The proximity effect of total sample presents itself as a spillover effect. The regression results of 15 countries in the central and western Asia concord with empirical results of the total sample. However,the subsample results of 10 European countries show that China’s OFDI has no significant correlation to the political and economic institutional environment of these host countries. The proximity effect here presents itself as crowding out effect,which is influenced by wages in neighboring countries,market scale and bilateral trade volume with China.
作者
刘娟
LIU Juan(School of Economics,Tianjin University of Finance and Economics,Tianjih 300222,China)
出处
《经济经纬》
CSSCI
北大核心
2019年第1期56-63,共8页
Economic Survey
基金
国家自然科学基金青年项目(71702121)
教育部人文社会科学规划基金项目(16YJAGJW001)
关键词
制度环境
资源禀赋
对外直接投资
邻近效应
Institutional Environment
Resource Endowment
OFDI
Proximity Effect
