RCEP成员国制度质量对中国OFDI效率的影响  

The Impact of Institutional Quality of RCEP Member Countries on The Efficiency of China’s OFDI

作　　者：陈仿 金丹[1] 

机构地区：[1]广西大学中国-东盟经济学院

出　　处：《广西经济》2024年第6期43-54,共12页GUANGXI ECONOMY

基　　金：教育部哲学社会科学规划基金项目“中国企业对东盟直接投资的风险测量模型与影响机制研究”(23YJA790036);广西大学中国—东盟经济学院/经济学院/中国—东盟金融合作学院政策类课题“数字经济赋能中国—东盟产业链韧性提升与贸易合作对策研究”(2024JK08);广西高校人文社会科学重点研究基地中国—东盟区域发展协同创新中心课题“越南绿色能源政策及中越绿色能源合作对策研究”(CWYB202401)。

摘　　要：党的二十大报告指出新时代的首要任务是实现高质量发展,在对外直接投资高质量发展以及RCEP正式生效的时代背景下,研究RCEP成员国制度质量对中国OFDI效率的影响具有重要现实意义。文章选取2008—2021年中国在RCEP成员国的OFDI数据,将全球治理指标中的话语权与问责、政治稳定与非暴力、政府效率、监管质量、法治、控制腐败这6个维度的指标作为非效率项,纳入时变非效率项随机前沿引力模型,分析RCEP成员国制度质量对中国OFDI效率的影响,并测算投资效率和投资潜力。实证结果表明,RCEP成员国法治水平与中国OFDI效率之间存在正相关关系,监管质量与中国OFDI效率无显著相关关系,而话语权与问责、政治稳定与非暴力、政府效率和控制腐败,与中国OFDI效率存在负相关关系。从投资效率的测度结果来看,中国在RCEP国家的投资效率存在不均衡,且总体效率偏低。从投资潜力的测度结果来看,RCEP国家存在巨大的待发掘投资潜力。文章不仅有助于从东道国制度质量的角度理解中国OFDI的动因,还能为中国对RCEP成员国直接投资提供实证经验,帮助中国企业更好地“走出去”。The report of the 20th National Congress of the Communist Party of China pointed out that the primary task of the new era is to achieve high-quality development. In the context of high-quality development of OFDI and the formal entry into force of RCEP, it is of great practical significance to study the impact of the institutional quality of RCEP member states on the efficiency of China's OFDI. This paper selects the OFDI data of China's RCEP member states from 2008 to 2021, and takes the six dimensions of global governance indicators, namely voice and accountability, political stability and non-violence, government efficiency, regulatory quality, rule of law, and control of corruption, as non-efficiency items and incorporates them into the stochastic frontier gravity model of timevarying non-efficiency items. This paper analyzes the impact of institutional quality of RCEP member countries on China's OFDI efficiency, and measures the investment efficiency and investment potential. The empirical results show that the rule of law level of RCEP member states is positively correlated with China's OFDI efficiency, while the quality of regulation is not significantly correlated with China's OFDI efficiency, while the right to speak and accountability, political stability and non-violence, government efficiency and corruption control are negatively correlated with China's OFDI efficiency. Judging from the measurement results of investment efficiency, China's investment efficiency in RCEP countries is unbalanced and the overall efficiency is low. From the measurement results of investment potential, there is a huge investment potential in the RCEP member countries to be explored.this paper not only helps to understand the motivation of China's OFDI from the perspective of the host country's institutional quality, but also provides empirical experience for China's direct investment in RCEP member countries and helps Chinese enterprises to better“go global”.

关 键 词：RCEP 制度质量 OFDI 随机前沿引力模型 效率 

分 类 号：F125[经济管理—世界经济]