双边投资协定对发展中国家吸引FDI有效性的实证研究  

Effectiveness of BITs on Attracting FDI in Developing Countries:An empirical analysis

作　　者：张鲁青[1] 

机构地区：[1]首都师范大学经济管理系,北京100089

出　　处：《北京师范大学学报（社会科学版）》2009年第6期66-73,共8页Journal of Beijing Normal University(Social Sciences)

摘　　要：国际直接投资(FDI)已经成为促进东道国经济发展的重要因素,发展中国家纷纷采取各种措施来吸引FDI。双边投资协定(BIT)因其能够为外国投资者提供有约束力的保护而备受外资青睐,近年来越来越多的发展中国家通过签署BIT来吸引FDI,因此BIT在吸引FDI方面的有效性值得研究。基于1993-2004年47个发展中国家的数据,采用面板数据模型分析了双边投资协定对发展中国家吸引FDI的影响,同时还考察了BIT与制度质量、单边投资自由化之间的关系,结果显示BIT有利于发展中国家FDI流入的增长,且与制度质量、单边投资自由化之间存在替代关系。这对我国利用BIT吸引外资和对外投资具有重要的指导意义。Foreign direct investment （FDI） has been seen as an important factor to stimulate economy development of host countries, Therefore, many developing countries take measures to attract FDI. Bilateral investment treaties （BITs） are preferred by foreign investors because they can provide binding protection to investors, so more and more developing countries focus on signing BITs to achieve their goal. However, the effectiveness of BITs in inducing higher FDI inflow is still open to debate. This paper hence analyzes the impact of BITs on FDI inflow with panel data from developing countries. Meanwhile, it also checks the relationship between BITs and institution quality and unilateral investment liberalization. It is found that BITs are effective in attracting FDI and substituting for weak domestic institutions and unilateral investment liberalization in developing countries.

关 键 词：双边投资协定 发展中国家 FDI 面板数据 

分 类 号：F11[经济管理—国际贸易]