中国对外直接投资与经济增长的实证研究

Empirical Research of China's Foreign Direct Investment and Economic Growth

中国对外直接投资和经济增长之间不存在明显的因果关系,这说明中国对外直接投资促进本国经济增长的作用不明显;对原始变量LNGDP、LNFD I进行普通最小二乘估计(OLS),对残差进行平稳性检验,表明残差序列是平稳的序列,说明两者间具有协整关系,中国对外直接投资与中国的经济增长具有共同的增长趋势,保持着长期稳定的均衡关系。

There is no obvious causality between China＇s FDI and economic growth, which indicates FDI cannot promote domestic economic development. The author undertakes ordinary least square with LNGDP and LNFDI, and takes a stationary test toward residual error which showed a stationary residual sequence under coordinating relationship. Therefore, China＇s FDI and economic growth displays a trend of collective growth, maintaining a stable and long- term balanced relation.