摘要
中国特殊的宏观经济条件使得企业对外直接投资具有独特的发展模式和投资动因。本文运用1987-2010年间相关数据对宏观经济因素对中国海外直接投资的促动效应进行实证。结果显示:只有外汇储备与我国对外直接投资正相关,而技术能力、贸易顺差、利率水平、外汇汇率与中国对外直接投资是负相关,本文对此原因进行了深入分析并提出了改进中国对外直接投资的一些建议。
As a developing and transition country, China's rapid growth of outward foreign direct investment (OFDI) has attracted significant attention. Meanwhile, China's special macroeconomic conditions make the OFDI enterprises have unique development models and investment motivations. The paper analyzes the promoting effects of several macroeconomic factors on China's OFDI through formatting models and adopting 1987-2010 data. The results show that only foreign currency reserves positively correlate with OFDI, while technology, trade surplus, interest rate and exchange rate, negatively correlates with OFDI. Lastly, this paper makes an analysis of the result and gives a suggestion about improving China's OFDI.
出处
《国际商务研究》
北大核心
2014年第4期66-74,共9页
International Business Research
关键词
宏观经济因素
对外直接投资
促动效应
macroeconomic factors
outward foreign direct investment
motivating effects