摘要
本文在投资引力模型的基础上,将东道国的要素禀赋、制度特征等因素引入其中,就二者与FDI流动的关系,诸因素交叉项与FDI流动的关系及东道国制度差异对FDI流动的影响进行了实证分析。结果发现:东道国的经济规模和双边贸易距离对FDI流动具有普遍性影响。东道国的要素禀赋、制度质量、历史经历及加入相关组织对FDI流入具有重要影响。因此,现实背景下中国要想吸引优质FDI流入,就必须靠好的制度安排来实现,通过增强制度的"拉力"(引进来)及"推力"(走出去),为中国的引资及对外投资提供"高能化、清洁化"的动力。
Based on investment Gravity model incorporating factor endowments and institutional characteristics of a host country, this paper carries out an empirical analysis on the relationship between FDI flows and the above endowments and characteristics, including the relationship between interacting factors and FDI flows, and influences of institutional differences on FDI flows. The empirical findings show that there is a widespread influence of the host country＇s economic scale and distance of bilateral trade on FDI flows; many factors, including factor endowments, institutional quality and accession to some relevant organizations of the host country have significant impacts on FDI inflows. Therefore, under the current situation, it is necessary for China to count on fine institutional arrangements to attract quality FDI inflows by enhancing the system of＂pull＂（introduction） and＂push＂（going out） so as to provide＂advanced and clean＂motivations for China＇s investment attraction and outward foreign investment.
基金
国家社科基金项目"全球经济调整与中国经济发展方式转变研究--基于FDI传导机制与国际市场结构变化的分析"(09XJY011)
国家自科基金项目"非市场经济地位过渡期贸易救济与投资壁垒的投资风险预警和效益评估"(71073124)
关键词
外商直接投资
要素
制度
国家
Foreign direct investment（FDI）
Elements
System
Countries
