制度因素、双边投资协定与中国对外直接投资区位选择——基于“一带一路”沿线国家面板数据  

Institutional Factors,Bilateral Investment Treaties and China's OFDI Location Selection——Based on the Panel Data of Countries along "The Belt and Road"

作　　者：王培志[1] 潘辛毅 张舒悦 

机构地区：[1]山东财经大学国际经贸学院,山东济南250002

出　　处：《经济与管理评论》2018年第1期5-17,共13页Review of Economy and Management

基　　金：国家社会科学基金项目"中国对‘一带一路’沿线国家OFDI贸易优化效应研究"(17BJL014);山东省自然科学基金项目"山东省农产品贸易边际测度及出口农产品升级路径选择"(ZR2013GM013);山东省科技发展计划"全球价值链视角下山东省农业产业损害预警机制研究"(2014GGH213001)

摘　　要：本文利用2009-2015年中国与46个"一带一路"沿线国家和103个非"一带一路"沿线国家面板数据,运用双重差分法检验得出"一带一路"倡议显著促进了中国对沿线国家直接投资,此外研究中国对"一带一路"沿线国家直接投资区位选择的决定因素发现:中国对"一带一路"沿线国家直接投资具有显著的市场寻求动机;在制度环境良好的前提下,东道国低成本劳动力资源和自然资源显著促进中国OFDI;双边投资协定的签订显著促进中国对沿线制度较差国家直接投资。By using the Panel data of 46 countries along " The Belt and Road" and another 103 countries in 2009-2015 and using the double differential method to test,we find that " The Belt and Road" Initiative significantly promotes China's OFDI in countries along it. At the same time,research on the determining factors of China's location choice of OFDI in the countries along " The Belt and Road" states that China's OFDI in the countries along " The Belt and Road" has a significant market seeking motive; Under the background of good institutional environment,low-cost labor resources and natural resources in the host countries significantly promote China's OFDI; Bilateral Investment Treaties significantly promote China's OFDI in the countries with worse institutions.

关 键 词：“一带一路”倡议 对外直接投资 双重差分法 区位选择 制度因素 

分 类 号：F752[经济管理—国际贸易]