金融生态对中国在GMS国家直接投资的效应研究--基于GMS五国国别数据

The effect of financial ecology on China’s direct investment in GMS countries

本文采用因子分析法建立GMS国家的金融生态环境评价指标体系,并以该得分作为核心解释变量,结合GMS 5国11年的面板数据,对中国在GMS区域的直接投资存量的增量进行面板数据实证分析。实证分析结果显示,中国在GMS国家的直接投资增长情况具有明显的异质性,同时GMS国家的金融生态环境对于吸引中国直接投资有着显著的正向促进作用。

This paper uses factor analysis to establish the evaluation index system of financial ecological environment in GMS countries.Taking the score as the core explanatory variable,combined with the panel data of GMS five countries in the past 11 years,this paper makes an empirical analysis on the increment of China's direct investment stock in GMS region.The empirical results show that the growth of China's direct investment in GMS countries has obvious heterogeneity,and the financial ecological environment of GMS countries has a significant positive role in attracting China's direct investment.