市场开放与来华跨国生产——基于国家(地区)-行业层面的验证

Market Openness and Multinational Production in China:The Verification Based on Source Country(Region) and Sector-level Data

跨国生产是全球化的重要特征,也是影响其所在东道国经济发展的重要因素。本文将市场开放引入跨国生产影响因素的分析中,在理论机制上厘清了市场开放通过要素投入渠道推动跨国生产发展。本文利用中国工商行政管理总局的外商投资企业数据,测算了来自150个国家(地区)在我国近800个国民经济四分位行业的跨国生产规模,结合本文构建的市场开放指标进行实证分析,结论表明:上游市场开放显著提高了其他国家(地区)在华各行业开展的跨国生产水平。该结论在经过内生性检验、排除其他改革影响等一系列稳健性检验后依然成立。进一步研究发现,市场开放能显著促进跨国生产水平的增长,即存在增长效应,并且服务业市场开放的促进作用大于制造业市场开放。

Multinational production is one of the most important features of economic globalization.It also plays a core role in host country's economic growth.This paper concentrates on factors input and then analyzes the influence of market openness on the decision of multinational production.We construct a theoretical model to interpret the channel from market openness to multinational production.Then,we measure multinational production in China covered eight hundred sectors from150countries(regions)by using foreign firm dataset published by State Administration for Industry & Commerce of the People's Republic of China.We examine the theoretical hypothesis by using market openness index and multinational production data.The empirical result shows that market openness has significant positive impact on multinational production.This result is robust to endogenous test and to exclude other reform influence.We also find market openness has an effect on multinational production and the impact from service sectors' openness is larger than manufacturing sectors' openness.