对外直接投资、市场分割与经济增长质量

OFDI,Market Segmentation and Quality of Economic Growth

新时代背景下实现经济增长质量的提升不仅受OFDI等外在因素的影响,还受地方政府行为的干预。本文在测算2004—2018年30个省(直辖市、自治区)经济增长质量指数的基础上,实证分析了OFDI对经济增长质量的影响及其作用机制。研究发现:我国经济增长质量水平整体呈上升趋势,但表现出明显的区域性特征;近年来蓬勃发展的OFDI显著推动了国内经济增长质量的提升,而且能够显著优化经济增长结构,促进福利与成果的分配和改善资源利用与生态环境;在引入市场分割这一制度性政府行为和经济增长质量空间溢出效应后发现,OFDI对经济增长质量的影响不仅在地区内溢出,还会产生地区间溢出,但“以邻为壑”的市场分割策略总体上会抑制OFDI推动经济增长质量提升的效果。本文的研究为评估OFDI的影响效果提供了一个新的视角,也为国家“打破行业垄断和市场分割”以及“通过OFDI推动经济增长质量提升”等方面的政策制定提供了经验证据。

In the New Era,improving the quality of economic growth is not only affected by external factors such as OFDI,but also by the intervention of local government actions.This paper empirically analyzes the effect of OFDI on economic growth quality and its mechanism of action on the basis of measuring the economic growth quality index of 30 provinces(autonomous regions and municipalities)from 2004 to 2018.The research finds that the overall level of China’s economic growth quality shows an upward trend,but with significant regional heterogeneity.The booming OFDI significantly improves the quality of domestic economic growth,and can also significantly optimize the structure of economic growth,promote the distribution of welfare and outcomes,improve resource use and the ecological environment.After introducing the institutional government actions of market segmentation and the spatial spillover effect of economic growth quality,it is found that the effect of OFDI on economic growth quality is not only intra-regional but also inter-regional,but the“beggar-thy-neighbor”market segmentation strategy will generally inhibit the effect of OFDI in improving the quality of economic growth.This study provides a new perspective for evaluating the effect of OFDI,and it also provides empirical evidence for the policy-making on“breaking industrial monopoly and market segmentation”and“improving the quality of economic growth through OFDI”.