潜在市场规模、出口开放度和各地区对FDI的吸引力

Potential Market Scale,Export Openness and Regional Appeal to FDI

在对FDI的吸引力上,一国或地区的潜在市场规模与出口开放度可能具有替代性。为有效克服内生性问题,本文构造了海外市场可达性这一地理因素,并作为出口开放度的工具变量。实证研究的结果发现,随着各地区潜在市场规模的扩大,出口开放度对吸引FDI的重要性逐渐下降,而随着各地区出口开放度的提高,潜在市场规模对吸引FDI的重要性也逐渐下降。并且当出口开放度超过某一临界水平时,出口开放度越高越有利于吸引FDI的结论是不成立的。

Suppose that, on the appeal to FDI, there may be some substitution between potential market scale and export openness. We first construct an instrument variable ＂Foreignal Market Approach＂ of export openness, a geography factor, to settle the endogenesis problem. The demonstration analysis reveals that, as regional export openness rises, the importance of potential market scale to FDI falls ; similarly, as regional potential market scale increases, the importance of export openness to FDI falls as well. When the export openness exceeds the critical level, the conclusion that the higher openness the more attraction to FDI should be wrong.