基于资源及经济安全视角的中国对外投资合作研究

China's Economic Cooperation Related Outward Investment:A Perspective of Natural Resources and Economic Security

在当前世界经济发展中,我国对外经济合作呈现越来越强劲的增长势头,并且大部分的合作项目都同时伴有较大规模的对外投资及自然资源的贸易往来。本文运用引力模型研究了我国的对外经济合作及与其相关的投资流,模型中额外加入了基于资源及经济安全角度考虑的其他因素。研究结果显示,经典引力模型中通常会影响对外投资的各要素同样会作用于我国的对外经济合作,同时合作国的自然资源禀赋亦表现出较强的吸引华资优势,此外,我国在选择合作伙伴国时倾向于较弱的政治自由度,较低的腐败程度及较稳定和持续的经济增长环境。

China is undertaking large scale contracted projects in a number of countries under the auspices of economic cooperation. While there are suggestions that these activities are an extension of Chinag soft power aimed at facilitating Chinese foreign direct investment （FDI） in those counties, oftenfor access to natural resources. In this paper, we examine China ~s economic cooperation related investment （ECI） over time. Our results suggest that the pattern of investment is indeed explained well by factors that are used in the stylized literature to explain directional patterns of outward FDI. They also demonstrate that the positive relationship between Chinese ECI and the recipient countries natural resource richness is economically meaningful. Finally, while there is some support for the popular wisdom that China is willing to do business with countries with weak political rights, low corruption levels and, by extension, better institutions.