引资优惠竞争一定促进地区经济增长吗?——基于FDI质量的视角

Does Preference Competition Really Promote Regional Economic Growth?——An FDI Quality Perspective

资本异质性导致同样数量的FDI可能对东道国经济增长产生不同的影响。基于我国地方政府激烈引资竞争的客观事实,笔者从FDI质量角度出发,使用我国1998年～2008年省级动态面板数据考察了地方政府引资优惠竞争对FDI质量及FDI经济增长效应的影响。研究结果表明,地方政府旨在获得更多FDI的引资优惠竞争能够提高地区FDI数量,但同时也会降低FDI质量;FDI质量提高能够显著推动地区经济增长,但引资竞争加剧将弱化FDI质量对地区经济增长的正向促进效应。

FDI amount may have different effects on economic growth in term of capital heterogeneity.Using provincial data from 1998 to 2008,this paper investigates the effects of local governments’ FDI preferences competition for FDI quality as well as its economic growth effects.Empirical results shows that preferential policies increase the amount of FDI but decrease its quality;higher FDI quality pushes economic growth,and the more preferential policies have less positive economic growth effects.