中国对外直接投资与国内全要素生产率提升——基于全面提高开放型经济发展水平的视角

China's Outward FDI and Domestic Total Factor Productivity——From the Perspective of Comprehensive Economic Openness

本文基于中国2003—2011年的省际面板数据,利用数据包络法和相对价格法分别构建和测算了中国省际全要素生产率与国内市场分割指数,使用面板普通最小二乘法、工具变量法和动态矩估计方法首次全面深入地探讨了中国对外直接投资对全要素生产率的作用路径及效果。研究发现,中国对外直接投资的增加不仅可以直接促进省际全要素生产率的提高,还可以通过降低国内市场分割程度,全面提升开放型经济的发展水平。

Based on the panel data of 30 provinces from 2003 - 2011, we build and calculate Chinese provincial TFP and domestic market segmentation index by using Data Envelopment Method and Relative Price Method respectively. Then statistical methods, such as Panel Ordinary Least Squares, Instrumental Variable and the Dynamic GMM, are introduced to explore the mechanism and specific effects of China＇s outward FDI on the development of its domestic TFP. Study shows that China＇s outward FDI can not only promote provincial TFP directly, but also promote the level of economic openness through reducing the degree of domestic market segmentation and bring about the progress of TFP indirectly.