中国城市工业数字化能否促进FDI流入  

Can the Digitization of China’s Urban Industries Promote FDI Inflows

作　　者：田毕飞[1] 李彤 TIAN Bi-fei;LI Tong

机构地区：[1]中南财经政法大学工商管理学院

出　　处：《国际经贸探索》2022年第12期69-84,共16页International Economics and Trade Research

基　　金：国家社会科学基金一般项目(19BJY015)。

摘　　要：文章利用2009~2019年中国284个地级市数据,构建城市工业数字化测度指标,实证检验工业数字化对FDI流入的影响。进一步地,文章将数字化因素引入多国自由资本模型框架,探究工业数字化对FDI的影响效应及作用机制。研究结果表明:工业数字化显著促进FDI流入,并通过多种内生性处理和稳健性检验。理论分析和机制检验结果显示,资本收益和贸易自由度的提升是工业数字化促进外资流入的重要路径。异质性分析发现,工业数字化的引资效应存在区域和城市规模异质性,在京津冀、中部地区和中型城市尤为显著。文章研究不仅为稳定外商投资规模提供来自工业数字化的新解释,同时丰富产业数字化效应评估及FDI区位选择因素的理论研究。Based on the data of 284 prefecture-level cities in China from 2009 to 2019, this paper constructs a measurement index of urban industrial digitalization to empirically test the impact of industrial digitalization on FDI inflows. Furthermore, the paper introduces the digitization factors into the framework of multinational FC model and explores the impact of industrial digitalization on FDI and its mechanism. The research results show that industrial digitalization significantly promotes FDI inflows and passes a variety of endogenous treatments and robustness tests. Theoretical analysis and mechanism test results indicate that the improvement of capital gains and trade freedom is the important path for industrial digitalization to promote FDI inflows. Heterogeneity analysis reveals that the effect of industrial digitalization on attracting FDI has regional and scale heterogeneity, especially in Beijing-Tianjin-Hebei region, the central region and the medium-sized cities in China. This paper not only provides a new explanation from industrial digitalization to stabilize FDI scale, but also enriches the theoretical research on the evaluation of industrial digitalization effect and the factors of FDI location selection.

关 键 词：工业数字化 FDI 多国自由资本模型 智慧城市试点 双重差分法 

分 类 号：F125[经济管理—世界经济]