吸引外资对对外投资的影响——基于全球层面数据的研究
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| Title | Impacts of Inward FDI on Outward FDI:Evidence from Global Panel Data
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| 作者 | 潘文卿 陈晓 陈涛涛 顾凌骏 |
| Author | Pan Wenqing, Chen Xiao, Chen Taotao and Gu Lingjun |
| 作者单位 | 清华大学经济管理学院 |
| Organization | School of Economics and Management, Tsinghua University |
| 作者Email | panwq@sem.tsinghua.edu.cn；chenx3.07@sem.tsinghua.edu.cn；chentt@sem.tsinghua.edu.cn；gulj.13@sem.tsinghua.edu.cn |
| 中文关键词 | 对外投资 吸引外资 东道国特征 投资发展路径理论 |
| Key Words | Outward Foreign Direct Investment; Inward Foreign Direct Investment; Characteristics of Host Country; IDP |
| 内容提要 | 本文基于IDP理论，使用1980年至2011年全球146个国家的面板数据对“吸引外资对对外投资的影响及其作用机制”这一核心问题进行分析。本文的研究结果表明：从全球总体层面来看，一国吸引外资对该国对外投资有着显著的正向影响；并且吸引外资对东道国对外投资促进作用的大小与东道国的特征密切相关：东道国对流入FDI的吸收能力越强、市场规模越大，则越有利于从吸引外资发展出自身的对外投资能力。研究同时发现，一国经济发展水平对东道国对外投资的影响，更大程度上也是通过直接影响其对流入FDI的吸收效果的提升而实施的，且这一机制具有稳健性。 |
| Abstract | Based on the theory of IDP, we employed the global panel data of 146 countries from 1980 to 2011 to investigate the impacts of inward FDI (IFDI) on outward FDI (OFDI) and its mechanism. Our results show that: the global data in general shows a significant positive impact of IFDI on OFDI; and this effect is closely related with the characteristics of the host country: IFDI will further promote OFDI if the host country has higher FDI absorptive capability and larger market size. In addition, we find that the impact of host country’s economic development on OFDI is also to a greater extent through its direct impact on IFDI which in turn improve the capability of OFDI, and this mechanism is robust. |
| 文章编号 | WP611 |
| 登载时间 | 2014-04-02 |
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