东道国腐败控制指标对我国基础设施投资的东道国经济效应影响——基于“一带一路”沿线国家的实证研究

The Effect of Host Countries' Corruption Control Index on China's Infrastructure Investment for the Host Country Economy——Empirical Study Based on the "One Belt and One Road"

采用2002~2014年中国对"一带一路"沿线部分国家直接投资流量数据,利用动态面板门限回归模型,考察东道国腐败控制指标如何影响我国基础设施投资给其带来的经济效应。实证结果表明,东道国腐败控制力度对于发挥我国基础设施投资的经济效果有着明显的门槛作用:当东道国对腐败控制较好时,我国对东道国的基础设施投资会显著促进东道国的经济增长;反之,则无法促进东道国的经济发展。

Taking China's direct investment on"One Belt And One Road"countries from2002-2014as data,this paper uses a dynamic panel threshold regression model to examine how the host countries'corruption control index affects China's infrastructure investment to cause the host countries'economy to react.The empirical results show that the host countries'corruption control plays a"threshold"role on the economic effect of China's infrastructure investment:when the host countries can control the corruption better,China's infrastructure investment promotes the host countries'economic growth remarkably;when the host countries have a poorer control on corruption,China's infrastructure investment is unable to promote the economic development of the host countries.