企业异质性与中国对外直接投资“第三方”效应——基于企业微观数据的考察  

Firm Heterogeneity and the Third-party Effect of China's OFDI: An Analysis Based on Corporate Micro-data

作　　者：王方方[1] 杨志强[1] 

机构地区：[1]广东商学院经济学院,广东广州510320

出　　处：《国际经贸探索》2013年第2期103-116,共14页International Economics and Trade Research

基　　金：国家自然科学基金项目(71002056);教育部人文社会科学研究基金青年项目(09YJC790269);广东省普通高校人文社会科学重大攻关项目(10ZGXM79001);广东省自然科学基金项目(9451027501002497)

摘　　要：通过构建扩展的企业异质性三国模型,文章考察企业对外直接投资(OFDI)所依赖的空间网络化效应。研究发现,当企业生产率达到一定水平之后,会逐渐从贸易引致型OFDI转型为出口平台型OFDI进入海外市场,即企业OFDI会考虑到某个区位是否受到第三方效应的影响;实证结果表明,中国企业更倾向将OFDI生产区位选择到目前已拥有水平型OFDI的临近区域;市场潜力对OFDI空间网络化效应的影响也十分显著,意味着中国企业在选择贸易引致型OFDI时,更倾向将OFDI的区位选择到市场潜力较大的区位。Through building an extended three-country model under finn heterogeneity, this paper studies the effect of space network which a finn＇ OFDI relies on. It shows that when a firm＇s productivity reaches a certain level, it will gradually transfer from trade- deriving OFDI to export-platform OFDI, which means that firms will take into account whether an OFDI location is subject to third-party effects. The empirical results indicate that Chinese finns are more inclined to choose the location which is close to the existent horizontal OFDI. The effect of market potential on the network effect is also significant, which means that Chinese firms are more likely to choose the location with greater market potential when choosing trade-deriving OFDI.

关 键 词：企业异质性 对外直接投资 三国模型 网络化效应 

分 类 号：F830.59[经济管理—金融学]