洗钱对我国外商直接投资的影响——基于上市公司面板数据的实证研究  

The Effect of Money Laundering on FDI in China——An Empirical Study Based on Panel Data of Listed Companies

作　　者：梅德祥[1] 蒋旭[1] 高增安[1] 

机构地区：[1]西南交通大学经济管理学院,四川成都610031

出　　处：《财经论丛》2015年第7期48-55,共8页Collected Essays on Finance and Economics

基　　金：国家社会科学基金资助项目(12XJY028);教育部人文社会科学研究项目(11YJA790033)

摘　　要：以2007-2012年我国外商持股上市公司为研究对象,以知识资本模型和知识资本—洗钱模型为基础,对比离岸国家(地区)与非离岸国家(地区)对我国的外商直接投资,研究洗钱对我国外商直接投资的影响。结果表明:洗钱对我国外商直接投资有显著影响,绝对市场规模对外商直接投资进入我国制造业、房地产及整体行业有抑制作用;相对市场规模对外商直接投资进入我国制造业、批发零售业、房地产及整体行业有促进作用;劳动力丰裕度严重抑制外商直接投资进入我国制造业、批发零售业、房地产及整个行业;贸易成本和距离均与我国外商直接投资量成反比。With Foreign ownership listed companies in China from 2007 to 2012 as the research object , this paper , based on the knowledge capital model and the knowledge capital-money laundering model , makes a comprison of the foreign direct investment （FDI） in China from the offshore country （region） and that from the non-offshore country （region） so as to study the influence of money laundering on our country ’s FDI.The results show the follwoing： money laundering has a significant effect on the FDI in our country;the absolute market scale has an inhibitory effect and the relative market scale has a promo-ting effect on the entry of FDI into our country ’s manufacturing industry , real estate industry , wholesale and retail industry and the industry as a whole;labor abundance significantly inhibits FDI from entering our country ’s manufacturing industry , whole-sale and retail industry , real estate industry and the industry as a whole; both trade costs and distance are inversely propor-tional to the direct FDI in China .

关 键 词：洗钱 外商直接投资 知识资本模型 知识资本-洗钱模型 

分 类 号：F831.1[经济管理—金融学]