摘要
随着中国对外直接投资逐渐向服务业的集聚,除了传统的投资动机外,是否存在服务业发展这一新的内在机制吸引着中国企业的投资行为呢?本文在国内外对于服务业投资动机的文献基础之上,归纳出东道国服务业发展所具有的两大投资吸引力:利润寻求型和贸易促进型。随后,在这一假设下,利用中国对外直接投资的170个东道国(地区)2003-2010年的面板数据,通过计量分析得出了东道国服务业发展状况能够显著促进中国对其直接投资的结论。
As the trend of China＇s OFDI gradually gathering to the services sector, whether there is new internal mechanism of the services development to attract the investment behavior of Chinese companies except the traditional investment motives？ This paper reviews the theoretical literature of the services＇ investment motives and sums up two attractive channels of the host country＇s services, which are profits seeking and trade promoting investment mechanisms. Then under this assumption, we use China＇s 170 OFDI host countries from 2003 to 2010 panel data to conduct the econometrics analysis. From the results, we draw the conclusion that the host country＇s services development can significantly promote China＇s OFDI.
出处
《投资研究》
北大核心
2013年第3期77-87,共11页
Review of Investment Studies
基金
西南财经大学“中央高校基本科研业务费”(JBK120403)的资助
关键词
对外直接投资
服务业发展
面板模型
Outward foreign direct investment
Services development
Panel data model
