中国OFDI是否促进承接国际制造业转移——基于结构传导机制视角的实证研究

Has China's Outward Foreign Direct Investment Benefited Undertaking International Manufacturing Industrial Transfer:Evidence Based on Structure Transmission Mechanism Perspectives

本文从结构传导机制的角度,运用系统GMM方法分析了中国对外直接投资(OFDI)对承接国际制造业转移的影响。结果发现:就全样本而言,中国OFDI对承接国际制造业转移有着显著正向影响,细分各类动机OFDI的结构传导机制构成了中国承接国际制造业规模扩张的主要原因。分行业看,受益于效率、市场和技术搜寻型OFDI,中国通过分工地位优化、过剩产能输出和反向技术溢出,显著增强了对资本和技术密集型等高端制造业的承接力度。分地区看,东部地区资源、效率和技术搜寻型OFDI的承接国际制造业转移效应较为明显;中部地区技术搜寻型OFDI的承接国际制造业转移效应则较为明显。此外,我们以金融危机作为阶段性节点进行稳健性检验证实了上述结论。

Using the system GMM method,this paper estimates the undertaking international manufacturing industrial transfer effect induced by China＇s OFDI from the perspective of structure transmission mechanism. The empirical results show that China ＇s OFDI has significant positive effects on undertaking international manufacturing industrial transfer,and the structure transmission mechanism is the main reason for scale expansion of China ＇s undertaking international manufacturing industrial transfer in term of whole sample. Benefiting from efficiency seeking,market seeking and technology sourcing OFDI,China significantly enhanced the strength of undertaking capital-intensive and technology-intensive manufacturing through the division position optimization,excess capacity output and reverse technology spillover. The eastern region can undertake international manufacturing industrial transfer by resource seeking,efficiency seeking and technology sourcing OFDI. The central region can undertake international manufacturing industrial transfer by technology sourcing OFDI.The above conclusions are confirmed by robustness test on periodic node of financial crisis.