要素市场扭曲、对外直接投资与中国企业技术创新  

Factor market distortion,outward foreign direct investment and Chinese enterprise technology innovation

作　　者：姚惠泽 张梅[2] YAO Huize;ZHANG Mei(Business School,Changzhou University,Changzhou 213164,China;School of Accounting,Fujian Jiangxia College,Fuzhou 350108,China)

机构地区：[1]常州大学商学院,江苏常州213164 [2]福建江夏学院会计学院,福建福州350108

出　　处：《产业经济研究》2018年第6期22-35,共14页Industrial Economics Research

基　　金：江苏省社会科学基金项目(15EYC002);常州大学青年教师基金“要素市场扭曲对中国产能过剩的影响及对策研究”

摘　　要：在经济的高质量发展阶段,如何最大程度发挥对外直接投资的技术创新效应,不得不考虑要素市场扭曲的调节作用。基于2009-2013年中国微观企业面板数据,从要素市场扭曲的视角考察了我国企业对外直接投资行为对自身技术创新能力的影响,研究表明:(1)企业进行对外直接投资并未显著提升其技术创新能力,但较高的要素市场扭曲环境能缓解对外直接投资对技术创新的抑制作用;(2)中介效应模型验证,要素市场扭曲会通过影响企业的对外直接投资行为,进而作用于企业技术创新水平,企业的对外直接投资活动会抑制要素市场扭曲对技术创新水平的积极作用;(3)要素市场扭曲的空间样本分布多集中在较高水平上,且企业的对外直接投资行为对其技术创新水平的影响存在着基于要素市场扭曲的门槛效应。At the stage of high-quality economic development,how to maximize the technological innovation effect of outward foreign direct investment,we have to consider the adjustment effect of factor market distortion. Based on the panel data of micro enterprises in China from 2009 to 2013,this paper examines the impact of Chinese enterprises’ outward foreign direct investment behavior on their own technological innovation capability from the perspective of factor market distortion,and the results show that:( 1) Outward foreign direct investment behavior of Chinese enterprises has not significantly improved their technological innovation ability. However,in the higher factor market distortion environment,the inhibiting effect of outward foreign direct investment on technological innovation can be alleviated.( 2) The mediation effect model verifies that,the factor market distortion will affect the enterprise’s outward foreign direct investment behavior,and further affect the enterprise’s technology innovation level. Outward foreign direct investment behavior will restrain the positive effect of factor market distortion on the technology innovation level.( 3) The spatial sample distribution of factor market distortion is mostly concentrated at a higher level,moreover,there exists a threshold effect based on factor market distortions in the impact of enterprises FDI behavior on their technological innovation level.

关 键 词：要素市场扭曲 对外直接投资 技术创新 经济增长 中介效应 门槛检验 

分 类 号：F062.9[经济管理—政治经济学]