官方发展援助影响FDI的理论分析与实证检验——基于结构视角  

Theoretical Analysis and Empirical Test of the Impact of Official Development Aid on FDI Based on the Perspective of Structure

作　　者：王翚[1] 甘小军[2] 

机构地区：[1]中南财经政法大学,湖北武汉430073 [2]海南师范大学,海南海口571158

出　　处：《国际经贸探索》2014年第3期32-43,共12页International Economics and Trade Research

摘　　要：文章运用扩展的solow模型在理论上分析了不同部门援助对FDI的影响机制,并以72个亚非国家的数据和动态面板模型进行检验。研究结果显示:一、援助通过直接影响资本积累和全要素生产率两个渠道影响FDI;生产部门援助主要通过资本积累渠道影响FDI;基础设施部门援助和由一般预算支持、债务减免构成的其他部门援助通过全要素生产率渠道影响FDI。二、72个亚非国家接受的不同部门双边援助对FDI的影响不同。社会基础设施部门援助和经济基础设施部门援助促进FDI的流入,生产部门援助与其他部门援助替代了FDI;经济基础设施部门援助对FDI的促进效果最好,生产部门援助对FDI的替代效果最强。因此,为提高援助效率,亚非援助国应增加经济基础设施部门援助,改善生产部门援助、一般预算支持和与债务减免的有效性。This paper uses the extended Solow model to theoretically analyze the influencing mechanism of sector aid on FDI, and empirically tests the effect by using the data of 72 Asian and African countries and the dynamic panel model. The research results show that： first, aid affects FDI directly through physical capital accumulation and total factor productivity; the aid in production sector affects FDI mainly through capital accumulation, while the aid in infrastructure sector and the aid in other sectors formed by general budget support and debt relief affect FDI through total factor productivity. Second, the aid in different sectors received by 72 Asian and African countries has different effects on FDI in those countries. The aid in social infrastructure and economic infrastructure sectors promotes the inflow of FDI with the aid in economic infrastructure sector showing the best stimulative effect, while the aid in production sector and other sectors substitutes FDI with the aid of production sector showing the strongest crowd-out effect. Therefore, Asian and African countries should increase the amount of aid in economic infrastructure sector, and improve the effectiveness of aid in production sector so as to increase the efficiency of aid.

关 键 词：部门援助 FDI 扩展so]ow模型 动态面板模型 

分 类 号：F832.4[经济管理—金融学]