我国对外直接投资的区位选择因素分析

Analysis on Factors of China's Outward Foreign Direct Investment Location Choice

由于我国企业的对外直接投资（OFDI）起步较晚,与发达国家相比存在较大差距,且在我国特殊的国情下表现出不同于理论的新特征,因此研究我国OFDI的区位选择因素具有现实意义。本文根据我国国情对引力模型进行了修正,利用2003~2014年我国对31个国家（地区）的OFDI数据进行OFDI区位选择影响因素的实证分析。研究发现,我国OFDI更倾向于双边贸易流量较大、货币贬值以及相关制度较不完善的国家（地区）,经济总量对我国OFDI有反向作用,而距离的影响并不显著。

Because of the late start of foreign direct investment of Chinese enterprises, there is still a gap compared with the developed countries. And China＇ s OFDI shows new features under the special national conditions, which is different from the current theory. So it is of great practical significance to study on the factors of China＇ s OFDI location choice. According to China＇ s national conditions, this paper changed the gravity model and used China＇s OFDI data on 31 countries and regions during 2003-2014 to do the empirical analysis on factors of China＇ s OFDI location choice. The research found that China＇s OFDI prefer to countries with large trade flows, depreciatory currency and worse systems. In addition, the market scale of the host country has a negative effect and the distance between the two countries has no significant impact on China＇s OFDI.