企业异质性、全要素生产率与服务业对外直接投资——基于服务业行业和企业数据的实证检验  

Firm Heterogeneity, TFP and FDI in Services: An Empirical Test Based on Data from Service Industries and Firms

作　　者：陈景华[1] 

机构地区：[1]山东财经大学经济学院

出　　处：《国际贸易问题》2014年第7期112-122,共11页Journal of International Trade

基　　金：国家社科基金青年项目"企业异质性视角下中国对外直接投资的区位与模式研究"(项目编号13CJL036)的支持

摘　　要：本文利用中国服务业细分行业的面板数据,以及全球最大的服务业跨国公司的截面数据,实证分析了服务业全要素生产率对服务业对外直接投资的影响,检验了异质性企业贸易理论在服务业领域的适用性。结果显示:服务业全要素生产率是服务企业对外直接投资的重要原因,异质性企业贸易理论适用于对服务企业的研究,同时不同于制造业对外直接投资,服务企业对外直接投资行为并不存在"生产率悖论";服务业跨国公司存在与制造业跨国公司相同的特征,企业规模越大,跨国经验越丰富,对外直接投资的规模也越大。并进一步根据实证分析结果提出对中国服务企业OFDI的借鉴意义。This paper uses panel data of service industries in China and cross-sectional data of the world＇ s largest multinational services corporation to analyze the effects of total factor productivity （TFP） on foreign direct investment in services, and tests the applicability of the heterogeneous firm trade theory in services. The results show that the TFP of services is an important factor for FDI in service industries, and the heterogeneous firm trade theory can be applied to the study of service firms. Meanwhile, ＂productivity paradox＂ which exists in FDI of manufacturing firms, however, is not found in FDI of service firm. In addition, there is a common characteristic of multinational service corporations similar to that of multinational manufacturing firms： the larger the firm size and the richer the firm＇ s multinational experiences, the larger the scale of FDI in service firms. Further reference for OFDI of China＇ s service firms is proposed based on the empirical results.

关 键 词：服务业全要素生产率 服务业对外直接投资 企业异质性 

分 类 号：F832.48[经济管理—金融学]