东道国城镇化与中国对外直接投资  

The Urbanization of Host Countries and China's Outward Foreign Direct Investment

作　　者：邱立成[1,2] 刘奎宁[3] 王自锋[4] 

机构地区：[1]天津商业大学 [2]南开大学跨国公司研究中心,300071 [3]南开大学国际经济研究所 [4]南开大学经济学院

出　　处：《国际贸易问题》2016年第4期143-154,共12页Journal of International Trade

基　　金：2013年教育部人文社会科学重点研究基地重大项目"新时期中国企业跨国经营战略与绩效"(13JJD790016);2012年教育部人文社科重点研究基地重大项目"对外直接投资支持体系:国际比较研究"(12JJD790035);南开大学"中国特色社会主义经济建设协同创新中心"的资助

摘　　要：本文运用中国对158个国家(地区)2003-2013年对外直接投资的面板数据实证研究东道国城镇化对中国对外直接投资的影响,研究结果表明:东道国城镇化水平与中国对外直接投资呈反向变动的关系,而东道国城镇化速度则与中国对外直接投资呈同向变动关系。进一步检验东道国城镇化水平对中国对外直接投资的门槛效应,发现东道国城镇化发展对中国对外直接投资的影响具有诺瑟姆三阶段的典型特征。据此,本文建议中国应针对东道国城镇化发展状况开展对外直接投资。Urbanization is an important factor of demand. This paper exam- ines the effects of urbanization in host countries on China＇s outward foreign di- rect investment. After analyzing the data on China＇s outward foreign direct invest- ment in 158 countries from 2003 to 2013, we found that the level of the host country＇s urbanization has an inverse relationship to China＇s outward foreign di- rect investment, while the speed of the host country＇s urbanization and China＇s outward foreign direct investment have a direct relationship. As for the threshold effect of a host country＇s urbanization level on China＇s outward foreign direct investment, we found the typical characteristics of Northam＇s three stages. Finally, we suggest that China should invest internationally in accordance with the level and circumstances of urbanization in a particular host country.

关 键 词：城镇化 对外直接投资 门槛效应 

分 类 号：F832.48[经济管理—金融学]