FDI投资区位的决定因素的实证研究——来自中国对外直接投资的经验数据  

The Decisive Factor of the Location Choice of FDI——from Empirical Data of China’s Foreign Direct Investment

作　　者：刘凤根[1] 

机构地区：[1]湖南商学院财政金融学院,湖南长沙410205

出　　处：《科学决策》2009年第7期1-7,39,共8页Scientific Decision Making

基　　金：国家社科基金项目(项目号08BJY153)

摘　　要：选取35个国家2001-2008年间的面板数据,以东道国市场、双边贸易、东道国劳动力成本以及教育水平等指标,采用固定效应分析方法对我国对外直接投资区位选择的决定因素进行实证检验。结论表明:我国对外直接投资区位选择受东道国市场规模的影响显著,但两者呈负向相关,即东道国市场规模越大,我国对其投资越少;同时,我国对出口及东道国的成人识字率也较为敏感。出口于东道国的贸易额度越大,东道国的成人识字率越高,我国对其直接投资就越多;东道国的工资水平与我国呈负弹性关系,东道国工资水平越高,我国对其直接投资就越少。This paper selected the panel data in 35 countries at 2003 - 2005, select the host market, and bilateral trade, labor costs, and level of education indicators, make a fixed - effects analysis of China＇ s foreign direct investment location choice of empirical testing, the conclusion showed that： China＇ s foreign direct investment location chosen by the host country the size of the market affected significantly, but they were negatively related, that is, the greater the size of the host market, the less their invest- ment in China; At the same time, China＇ s FDI on the exports and host country＇ s adult literacy rate also more sensitive. The host country＇ s export trade in the greater amount, the host country＇ s adult literacy rate is higher, its direct investment in China more and more, between the host country＇ s wage level and FDI in China was negatively flexibility relations, the host country the higher the level of wages, its direct investment in China the less.

关 键 词：对外直接投资 区位选择 面板数据 

分 类 号：F832.4[经济管理—金融学]