日本对华直接投资影响因素研究

On the Influencing Determinates of Japan's FDI to China

本文借助于计量经济模型,以1985-2002年的统计数据为基础,对日本对华直接投资的决定性因素进行实证分析。结果表明,日本对华直接投资的主要影响因素包括中国市场容量、中日双边贸易、实际汇率和中日实际工资差异。通过对模型中各变量的比较和归纳,日本对华直接投资动机整体上可以综合为两个方面:一是日本的对外直接投资作为贸易主导型对外直接投资,以扩张本国的边际产业为直接目的;二是中国巨大的市场是吸引日本跨国公司对华直接投资的重要原因。

With the relevant statistical data of 1985-2002 as the analytic base, this paper empirically analyzes the determinants affecting Japan＇s FDI to China in an econometric model. The data regression reveals that the main determinants for Japan＇s FDI to China includes the market content of China, the Sino-Japanese bilateral trade, the real exchange rate and the Sino-Japanese real wage differential. Through comparing and analyzing the variables in the model, Japan＇s motivation of FDI to China is concluded in two aspects in this paper. First, as the trade-oriented foreign FDI, the direct intention of Japan＇s FDI is to outspread its native marginal industry. Secondly, the tremendous market in China is an important reason to attract the FDI from Japanese MNCs to China.