双边政治关系、投资动机与对外直接投资——基于12个主要交易国面板数据的实证研究

Bilateral Political Relations,Investment Motivation and Foreign Direct Investment——An Empirical Study Based on Panel Data of 12 Major Trading Countries

运用2003—2017年我国与12个主要交易国的直接投资和双边政治关系的面板数据,建立投资引力模型,主要研究了国家间双边政治关系如何影响不同投资动机下的对外直接投资。研究结果表明良好的国家间双边政治关系将促进我国对外直接投资;良好的国家间双边政治关系将抑制市场寻求型和资源寻求型对外直接投资,将促进战略资产寻求型对外直接投资。

Based on the panel data of China’s direct investment and bilateral political relations with 12 major trading countries from 2003 to 2017,this paper establishes an investment attraction model,which mainly studies how bilateral political relations between countries affect foreign direct under different investment motives.The results show that:good bilateral political relations between countries will promote China's foreign direct investment;good bilateral political relations between countries will inhibit market seeking and resource seeking foreign direct investment;and will promote strategic resource seeking foreign direct investment.