东道国经济增长、外债规模与中国对外直接投资

Economic Growth,Foreign Debt Scale of Host Countries and Chinese Outward Foreign Direct Investment

为考察东道国经济增长、外债规模对中国对外直接投资的影响,文章采用2003—2014年间中国对76个发展中国家或地区的跨国直接投资面板数据进行实证分析。研究表明:东道国经济增长、外债规模均对中国OFDI具有显著的正影响,外债规模会弱化经济增长对中国OFDI的正向作用。在运用动态面板系统GMM方法控制内生性问题后,所得结果支持"促进论"的观点,即发展中国家或地区的经济增长和外债规模吸引着中国OFDI,但不可忽略东道国外债规模、资源禀赋和技术水平都会弱化经济增长对中国OFDI促进效应这一事实。

This paper uses Chinese OFDI to 76 developing countries and regions in period of 2003-2014 as a sample to do an empirical analysis on the influence of host countries＇ economic growth and foreign debt scale on Chinese OFDI. The results show that economic growth and foreign debt scale have significant positive influence on China＇s OFDI,while foreign debt OFDI. After using the system GMM estimators to conclusion remains true,namely the economic growth promote China＇s OFDI. But we still should technology in the host countries will weaken the will weaken the positive control the endogenous and external debt scale effect of economic growth on issues,it is found that the of developing countries will pay attention on the fact that resources endowment and promoting effect of economic growth on China＇s OFDI.