外商直接投资与地区经济增长效应分析——基于华东六省一市面板数据

Foreign Direct Investment and Economic Growth——Based On the Panel Data in East China

文章构建了一个对数化的内资、外资和劳动投入三要素生产模型,选择2001-2011年度有关面板数据,对华东六省一市第二、三产业利用FDI问题作了实证分析。结果显示,研究期间内资、外资和劳动投入三要素存量对华东六省一市经济增长的固定效应存在明显差异;FDI对华东六省一市经济增长的产出弹性小于零,产生了严重的挤出效应;国内投资的产出弹性大于零但小于1,劳动投入的产出弹性则大于1。Granger因果检验不支持FDI是华东六省一市经济增长的原因。

The paper constructs a logarithmic model by production function which contains domestic capital, foreign capital and labor, and focuses on the impact of foreign direct investment(FDI) on economic growth in east China by the empirical analysis based on the panel data in the second and third industries from the year 2001 to 2011. The results show that domestic capital, foreign capital and labor have significantly different fixed effects on economic growth, and FDI brings Crowding out Effects to economic growth in eastern China. Besides, by using Granger causality test, it is confirmed that FDI is not the cause of the economic growth.