“一带一路”战略下中国对外直接投资的驱动因素研究

The Driving Factors of China's Outward Foreign Direct Investment under the Strategy of “One Belt One Road”

本文以中国对"一带一路"沿线国家直接投资为研究着眼点,阐述中国对外直接投资概况,分析中国对外直接投资的驱动因素并提出假说,利用2005-2015年中国对"一带一路"沿线国家直接投资数据,建立面板回归模型,剖析中国对"一带一路"沿线国家直接投资的驱动因素。研究表明:从整体来说,中国扩大对外直接投资受到双边贸易合作、东道国市场潜能、基础设施条件等因素共同影响,驳斥了中国对外直接投资是以掠夺资源为导向的不实之词;从分地区来看,中国对中亚、西亚直接投资更受到自然资源因素影响,对东南亚直接投资注重双边贸易合作与东道国市场潜能,对南亚、独联体、中东欧直接投资则是综合考虑双边贸易合作、东道国市场潜能、基础设施条件以及劳动力禀赋等因素。

This paper focuses on China's outward foreign direct investment(OFDI),introduces the situation of China's outward foreign direct investment,analyzes the driving factors of China's OFDI,and puts forward the hypothesis of the driving factors of China's OFDI under the strategy of“One Belt One Road”.Based on the data of China's OFDI in the countries along“One Belt One Road”from 2005 to 2015,this paper establishes panel regression model,analyzes the driving factors of China's OFDI.The study shows that,on the whole,China's OFDI is affected by bilateral trade,the host market size,infrastructure and other factors,refuted the false accusation that China's OFDI is taking the rescource as our orientation.From the subregion,China's OFDI in Central Asia and West Asia is affected by natural resource;OFDI in Southeast Asia is affected by bilateral trade and host country market size;OFDI in South Asia,CIS and Central and Eastern Europe is affected by comprehensive factors including bilateral trade,host market potential,infrastructure and labor endowments.