东道国区位因素与中国OFDI关系研究——基于分量回归的经验证据

An Empirical Investigation on Locational Factors and China's OFDI: Based on Quantile Regression

区位因素对FDI活动具有决定作用。本文运用分量回归法,利用114个东道国的截面数据,考察了东道国区位因素对中国OFDI流量的影响。结果发现,东道国制度质量、宗教多元化、资源禀赋,以及东道国与中国的双边文化和贸易联系对中国OFDI流量影响显著;而且,在中国OFDI流量的较低和较高分位点之间,东道国制度质量、资源禀赋的影响有显著差异。

Locational factors have essential effects on FDI activities. This article examines the impacts of locational factors on the flow of FDI from China, with the cross-section data of 114 countries receiving FDI from China. Results of quantile regression find that host country＇s institution quality, resource endowment, religious fractionalization, and cultural and trade relation with China have significant effects on China＇s OFDI flow. Furthermore, the impacts of institution quality and resource endowment are significantly different from each other between lower and higher quantiles of China＇s OFDI flow.