我国双向投资的发展阶段及对策

Study on China's Two-way Investment:Developing Stage and Countermeasures

利用外资与对外投资已经成为发展中国家参与经济全球化与国际竞争的重要手段。外资的流入不仅带来了资本,还带来了技术和知识等企业经营资源,改变了发展中国家的要素禀赋、比较优势、经济结构、市场容量。发展中国家企业所有权优势的增强和国家区位优势的改善最终会促使发展中国家的企业进行对外直接投资。本文运用投资发展周期理论,实证检验得出目前我国双向投资已经进入第三发展阶段的结论。为此,我国应从企业和政府两个方面增强企业所有权优势和国家区位优势,促进双向投资协调发展。

IFDI and OFDI have become an important means of the participation of developing countries in economic globalization and international competition.The inflow of foreign capital has brought not only capital,but also managerial resources such as technology and knowledge,changing factor endowment,comparative advantage,economic structure,market capacity of developing countries.With the enhancement of ownership advantages of the enterprises and the improvement of location advantages of the host countries,developing countries will eventually invest overseas.Based on investment development path theory,using empirical tests,we conclude that China has entered the third stage of investment development path.Therefore,ownership advantages and location advantages should be improved from enterprises and governments to promote development of two-way investment in a coordinated manner.