中国企业对外投资与经济绩效生产率悖论检验  

A Test on China Enterprise OFDI and Economic Performance Productivity Paradox

作　　者：王玲玲[1,2] 李韬 顾江洪[1,2] WANG Lingling LI Tao GU Jianghong(Business School,Yunnan University of Finance and Economics,Kunming 650221,China Post-doctoral Station of Fishery Economy A dministration,Ningbo University ,Ningbo 315211, China SPDB Post-doctoral Station,Shanghai 200002,China)

机构地区：[1]云南财经大学商学院,云南昆明650221 [2]宁波大学渔业经济管理博士后流动站,浙江宁波315211 [3]浦发银行博士后流动站,上海200002

出　　处：《广西财经学院学报》2017年第3期63-72,共10页Journal of Guangxi University of Finance and Economics

基　　金：国家自然科学基金项目"引进外资与对外投资两大战略的协调机制与政策研究"(71673182);浙江省哲学社会科学重大招标课题"浙江省引进外资与对外投资两大战略的协调机制与政策研究"

摘　　要：短期内我国大量企业参与海外投资很难解释为是由于生产率水平的提高。利用LP方法对样本企业的全要素生产率进行测算,总体来看,OFDI企业相比于非OFDI企业具有更好的绩效表现。在控制了企业规模等影响企业生产率水平的一系列影响因素之后,OFDI企业相比于与之匹配的非OFDI企业并不具有明显更好的经济绩效,论证了中国OFDI企业存在"生产率悖论"的质疑。放开对非国有企业各种投资许可限制,取消各种融资歧视是制度完善的方向。The recent growing participation of China enterprises into OFDI is hard to be explained by the increase of productivity levels. This paper measures sample enterprises＇ TFP with the LP method. Overall, the OFDI enterprises present a better performance compared to the non-OFDI ones. The control of a series of factors affecting the productivity level such as enterprise scale produced no obvious better performance for OFDI enterprises,compared to the non-OFDIs,which demonstrates a＂productivity paradox＂ existing in China＇s OFDI enterprises. The suggestion for institutional improvement is to lift the restrictions on investment licenses for non-state-owned enternrises and other financing discriminations.

关 键 词：对外投资 生产率悖论 异质性理论 

分 类 号：F114[经济管理—国际贸易]