基于洗钱视角的我国对外直接投资研究  

Based on the money laundering perspective of China's foreign direct investment research

作　　者：梅德祥[1] 李立恒[1] 高增安[1] 

机构地区：[1]西南交通大学经济管理学院

出　　处：《南方经济》2015年第3期77-92,共16页South China Journal of Economics

基　　金：国家社会科学基金项目<宏观审慎监管视角的国家系统性洗钱风险与反洗钱研究>(批准号12XJY028);教育部人文社会科学研究项目<人民币国际化资本项目开放下新兴洗钱行为与对策研究>(批准号11YJA790033)的资助

摘　　要：近年来关于对外直接投资的讨论是学界关注的热点,但鲜有文献研究洗钱在我国对外直接投资中所扮演的角色。本文以2007-2012年我国对外直接投资存量前50个国家(地区)为研究样本,运用知识资本模型和知识资本—洗钱模型,分析洗钱行为对我国对外直接投资的影响。结果发现:知识资本模型解释了我国投资于低风险洗钱国家(地区)的原因;而知识资本—洗钱模型解释了我国投资于高风险洗钱国家(地区)的原因,KK1-MON和KK2-MON模型表明,洗钱因素对我国直接投资驱动的规模分别为590.66亿美元和849.18亿美元,占投资总量25.01%和29.64%;并验证了模型的稳健性进。本文的结论即延伸和拓展了我国对外直接投资的研究又为我国反洗钱对策提供依据。Discussion of foreign direct investment in recent years is the hot spot in the academic, but there is little literature research of money laundering in the role of foreign direct investment （fdi） in China. Based on the 2007 -2012, China＇s foreign direct investment stock before 50 countries （regions） as the research sample, using the model of knowledge capital and knowledge capital - money laundering model, analyzed the influence of money laundering outward foreign direct investment in China. The results showed that： the knowledge capital model explains our country to invest in the cause of the low risk of money laundering country （region） ; And knowledge capital - money laundering model explains our country to invest in risky reasons of money - laundering countries （regions）, KK1 -MON and KK2 -MON model show that money laundering driven factors on China＇s direct investment scale of $ 59. 066 billion and $ 84. 918 billion respectively, accounting for 25.01% of the total investment and 29.64% ; And verify the robustness of the model. The conclusion of this article namely extend and expand the research and development of the foreign direct investment in China provide the basis for our country money laundering countermeasure.

关 键 词：洗钱 知识资本模型 知识资本—洗钱模型 对外直接投资 

分 类 号：F125[经济管理—世界经济]