数字化赋能、信用监管与外商直接投资

Digital Empowerment,Credit Supervision and Foreign Direct Investment

信用监管是推进我国社会信用体系建设,提升国家现代化治理效能的重要举措。本文以2011~2019年的248个地级市作为研究样本,利用国家信息中心商务所发布的《中国城市商业信用环境指数蓝皮书》中报告的地级市商业信用环境指数衡量地级市信用监管的水平,考察信用监管对吸引外商直接投资的重要作用。实证研究表明:信用监管的实施对外商直接投资的流入存在显著的正向作用,这一作用效果主要通过提升地区的创新创业水平实现,且因区域、城市规模上的差异存在异质性。同时,地区数字化发展水平对信用监管作用的实现存在着显著的支撑作用,法治环境对信用监管也存在显著的协同效应。因此,需要筑牢信用监管的数字化基础,完善信用监管立法,构建更加法治、诚信、高效的营商环境,从而形成吸引外资新优势,推动开放型经济高质量发展。

Credit supervision is an important measure to promote the construction of China's social credit system and improve the efficiency of national modern govermance.This paper takes 248 prefecture-level cities from 2011 to 2019 as a research sample,and uses the commercial credit environment index of prefecture-level cities reported in the“Blue Book of China's Urban Commercial Credit Environment Index”issued by the State Information Center for Commerce to measure the level of credit supervision in prefecture-level cities,and examine the important role of credit regulation in economic development.Empirical research shows that:the implementation of credit supervision has a significant positive effect on the inflow of foreign direct investment This effect is mainly achieved by improving the level of innovation and entrepreneurship in the region,and there is heterogeneity due to differences in the size of regions and cities.At the same time,the level of regional digital development plays a significant supporting role in the realization of the role of credit supervision,and the rule of law environment also has a significant synergistic effect with credit supervision.Therefore,it is necessary to establish a solid digital foundation for credit supervision,improve credit supervision legislation,and build a more legal,honest,and efficient business environment,so as to form new advantages in attracting foreign investment and promote the high-quality development of an open economy.