信息成本、集聚经济与新晋对外投资企业区位  

Information cost,Agglomeration Economies and the Location Selections by the New Abroad Investment

作　　者：张战仁[1] 方文君[1] 

机构地区：[1]温州大学商学院

出　　处：《世界经济研究》2015年第12期112-123,126,共12页World Economy Studies

基　　金：国家自然科学基金青年项目(项目编号:41201105);教育部人文社会科学研究一般项目(项目编号:12YJC790279)

摘　　要：为研究"走出去"浪潮中新晋对外投资企业的区位选择问题,文章构建了基于信息成本与集聚经济视角的新晋对外投资企业区位研究框架,认为对外投资的新晋者对东道国(地区)的不了解决定了信息成本因素在其投资区位决策中的重要位置。基于二值选择模型的实证研究结果也表明,信息成本因素对新晋对外投资企业的区位选择具有比集聚经济因素更为显著的决定作用;实证结果中部分集聚经济因素不显著的原因,既可能与过度集聚的不经济效应有关,也可能是因集聚经济因素作用与信息成本因素息息相关所致;交叉项显著为正的系数估计证明了集聚经济因素作用的条件性,显示在信息成本越低国家(地区),集聚经济因素的作用越大;在发达国家,集聚经济变量已成为新晋对外投资企业对其进行投资区位决定的考虑因素。This paper constructes the research framework of location selection of the new abroad investment based on the perspective of information cost and agglomeration economies. It points out that,the lack of understanding of the host country( region) determines the information cost factors in the investment location decision in an important position. Based on the binary choice model,the empirical results indicate that information cost factors on the new abroad investment location choice has decisive effect,is more important than the agglomeration economic factors; The reason why part of agglomeration economic factors in the empirical results are not significant,both may be associated with the non economic effect caused by excessive agglomeration,and may be due to the closely link between agglomeration economic factors and the information cost factors. The significant positive coefficient of cross terms estimation proved that the agglomeration economic factors is conditional.

关 键 词：信息成本 集聚经济 新晋对外投资企业 区位选择 

分 类 号：F279.2[经济管理—企业管理]