中国绿地投资对东道国创业的影响:抑制还是促进  

Does China's Greenfield Investment Inhibit or Promote Host Countries'Entrepreneurship?

作　　者：田毕飞[1] 赵洁[1] 肖文正 TIAN Bifei;ZHAO Jie;XIAO Wenzheng(Zhongnan University of Economics and Law,430073)

机构地区：[1]中南财经政法大学工商管理学院,430073

出　　处：《财贸经济》2023年第6期143-162,共20页Finance & Trade Economics

基　　金：国家社会科学基金一般项目“制度环境视角下中国对外直接投资对东道国创业的影响研究”(19BJY015);国家社会科学基金重点项目“新发展格局下中国制造业企业高端嵌入全球价值链研究”(22AZD126)。

摘　　要：本文基于FDI溢出理论和创业知识溢出理论,对职业选择模型进行拓展,构建了绿地投资影响东道国创业的数理模型。在此基础上,本文匹配60个国家2003—2018年的GEM数据库、FDI Markets数据库等构成跨层面数据,使用IVProbit模型实证分析了中国绿地投资对东道国个体创业的影响。结果表明,在短期,中国绿地投资增加了东道国就业,从而抑制了东道国创业;在长期,中国绿地投资通过提升潜在创业者的创业机会感知、创业知识与技能、社会网络,进而促进了东道国创业。中国绿地投资对东道国创业的影响因东道国个体创业阶段、绿地投资行业性质及东道国经济发展水平等而存在差异。本文的研究为中国企业如何通过“走出去”助力构建“人类命运共同体”提供了理论基础和政策启示。GEM 2019/2020 Global Report points out that entrepreneurship serves as the primary driver of social wealth creation and the engine of economic growth.In recent years,entrepreneurship has gained widespread attention around the world.Cross-border mergers and acquisitions(M&A)and greenfield investment,two types of FDI,play different roles in influencing economic activities.Compared with cross border M&A,greenfield investment directly affects physical capital stock and production capacity,and is more closely correlated with economic trends.According to the statistical bulletin released by the Ministry of Commerce,as of 2021,China had contributed a total of 3,682 billion US dollars in various taxes in the countries(regions)it invested in,in addition to creating over 2 million job opportunities annually.If China's greenfield investment not only brings tax revenue and employment opportunities to the host countries but also promotes local entrepreneurship,it will undoubtedly help change the western hostile attitude toward China's OFDI and contribute to the vision of building a community with a shared future for mankind.Relevant extant literature mainly focuses on three aspects:antecedents of China's greenfield investment and their effects on the homeland or parent companies,determinants of entrepreneurship,and relationship between FDI and entrepreneurship.Few studies used data of individuals to analyze the relationship between China's greenfield investment and entrepreneurship in host countries.This paper aims to investigate this relationship and its underlying mechanism,utilizing matching data from the GEM database,FDI Markets database,UNCTAD database,World Bank database,and World Values Survey database.This study will not only advance research on the entrepreneurship theory and FDI theory but also facilitate the implementation of China's Go Global Strategy.In this sense,this paper bears both theoretical and practical significance.The results show that China's greenfield investment inhibits host countries'entrepreneursh

关 键 词：中国绿地投资 东道国创业 FDI溢出 创业知识溢出 职业选择模型 

分 类 号：F74[经济管理—国际贸易]