中国对TPP成员国的直接投资效率及影响因素——基于随机前沿引力模型的研究  

China's Outward FDI Efficiency in TPP Members:An Application of Stochastic Frontier Gravity Model

作　　者：范兆斌[1] 潘琳[1] 

机构地区：[1]暨南大学国际商学院,广东珠海519070

出　　处：《国际经贸探索》2016年第6期71-86,共16页International Economics and Trade Research

基　　金：国家社科基金项目(13BRK013);广东省国家级重大培育项目(2014GWXM004);教育部人文社会科学重点研究基地项目(HRHQ201401);中央高校基本科研业务费专项资金项目(15jnlh007)

摘　　要：作为侧重于投资自由化的“21世纪贸易协定”,TPP的签署势必对我国在亚太地区的直接投资产生深刻的影响。论文运用随机前沿引力模型,以2005~2013年的数据为基础,分析我国对TPP成员国的直接投资效率及影响因素,以期理解TPP协定对于中国外向型直接投资的影响。研究结果显示,我国对TPP成员国的直接投资绩效总体处于较低水平,或者说我国对TPP成员国具有较大的直接投资潜力,而且我国的直接投资绩效在TPP成员国之间呈现出较大的差异,这与TPP成员国的商业管制、知识产权保护、金融自由化、财政支出、政府效率、贸易、网络安全监管七个方面的政策性因素具有显著的关系。由于这些因素在TPP协定中都有不同程度的涉及,这为认识TPP协定对于中国外向型直接投资的影响提供了依据。As a modern trade agreement mainly focusing on the liberalization of foreign direct investment （FDI）, the Trans-Pacific Partnership Agreement （TPP） may fundamentally influence China＇s outward FDI in Asia-Pacific region. On the basis of data between 2005 and 2013, this paper employs the stochastic frontier gravity model to estimate China＇s outward FDI efficiency and its determinants in TPP members. The results show that China＇s outward FDI efficiency is very low in TPP members, in other words, China has a huge outward FDI potential in these countries. Moreover, China＇s outward FDI efficiency is quite different across host countries. China＇s outward FDI efficiency is significantly influenced by some man-made barriers of host countries, such as business regulation, intellectual property protection, government procurement, government efficiency, financial interference, trade policy, and e-commerce regulation. Because TPP is designed to eliminate or reduce these man-made barriers, this paper＇s empirical results can be used to identify the impact of TPP on China＇s outward FDI in Asia-Pacific region.

关 键 词：直接投资潜力 直接投资效率 TPP协定 随机前沿引力模型 

分 类 号：F744[经济管理—国际贸易]