中国对外援助构成了对传统国际援助的替代吗?——基于经济增长效应的视角

Is China’s Foreign Aid a Substitution to the Traditional Foreign Aid?--From the Viewpoint of the Growth Effect of International Aid

选取2003-2014年中国和主要发达国家对61个国家开展国际援助的面板数据,采用动态面板系统广义矩估计方法,分析上述两类不同援助资金对受援国经济增长的影响,在此基础上探讨中国的国际援助与发达国家的传统援助之间的互动关系。实证研究表明,中国开展的国际援助通过提升中国与受援国在贸易与投资领域的经济合作,进而作用于受援国的经济增长;中国与发达国家的援助资金在提升受援国经济增长方面具有互补而非替代作用,这一互补关系在非洲地区更为显著。

By using panel data of 61 recipient countries from 2003 to 2014,this paper analyzes the different growth effect of China*s foreign aid and the aid from traditional donors by using system GMM regression for dynamic panel data.Furthermore,this paper also analyzes the interaction effect of foreign aid from China and the West.Our empirical results firstly show that,foreign aid from China significantly contribute to the growth of recipient countries including African and non-African countries by promoting bilateral trade and foreign direct investment from China to receipt countries while the aid from OECD-DAC does not significantly help to the growth of recipient countries.Secondly,this paper also shows that there is complementary relationship between aids from China and that from traditional West donor countries,and this complementary relationship is more significant and powerful in Africa than that in non-African countries.