数字经济背景下中国对金砖国家直接投资的影响因素与潜力研究  

A Study on the Influencing Factors and Potential of Chinese Direct Investment in the BRICS Countries in the Context of Digital Economy

作　　者：王巧 尹晓波[2] 李向东[3] WANG Qiao;YIN Xiao-bo;LI Xiang-dong

机构地区：[1]江苏理工学院经济学院,江苏常州213000 [2]华侨大学经济与金融学院 [3]江苏理工学院

出　　处：《华侨大学学报(哲学社会科学版)》2025年第1期72-80,共9页Journal of Huaqiao University(Philosophy & Social Sciences)

基　　金：江苏省高校哲学社会科学研究一般项目“数字经济对江苏省新能源产业出口竞争力的提升效应与作用机制研究”(2024SJYB0899)。

摘　　要：金砖国家自成立以来始终坚持多边主义,为新兴市场国家与发展中国家参与多边对话与合作提供广阔舞台,随着沙特、埃及、阿联酋、伊朗、埃塞俄比亚的正式加入,金砖国家日益成长为推动经济全球化合作,促进世界经济增长的重要力量。结合数字经济迅速发展的新背景,从投资东道国特征的角度,探究中国对金砖国家直接投资的影响因素与投资潜力,对加强产业、科技、经贸等领域的深度合作,构建对外交流合作机制具有重要意义。基于金砖国家2010—2021年的面板数据,运用拓展引力模型就中国对金砖国家直接投资的影响因素与投资潜力进行实证分析。研究结果表明:(1)中国对金砖国家的直接投资受到多方面因素的影响,其中母国经济活力、东道国的数字化水平、市场规模、资源禀赋、投资自由度以及双边贸易额能够有效促进中国直接投资,而东道国的通胀水平以及两国地理距离显著抑制了中国对其直接投资;(2)中国对金砖国家的投资潜力存在显著差异,投资潜力成长型与投资潜力挖掘型的伙伴国家占比较高,表明中国对金砖国家直接投资潜力空间巨大,仍待进一步挖掘。Since their establishment,the BRICS countries have always adhered to multilateralism,providing a broad stage for emerging market countries and developing countries to participate in multilateral dialogue and cooperation.With the formal accession of Saudi Arabia,Egypt,the United Arab Emirates,Iran and Ethiopia,the BRICS countries have increasingly grown into an important force in promoting economic globalization and cooperation and world economic growth.In the context of the rapid development of the digital economy,it is of great significance to explore the influencing factors and investment potential of China’s direct investment in the BRICS countries from the perspective of the investment characteristics of host country,for strengthening deep cooperation in various fields such as industry,science and technology,economy and trade,and building mechanisms for foreign exchange and cooperation.This paper empirically analyzes the influencing factors and investment potential of China’s direct investment in the BRICS countries based on the panel data of the ten BRICS countries from 2010-2021,using the extended gravity model.The results show that:(1)China's direct investment in the BRICS countries is affected by various factors,among which the economic vitality of the home country,the digitalization level of the host country,the market size,the resource endowment,the freedom of investment and the bilateral trade volume can effectively attract China’s direct investment,whereas the host country’s level of inflation and the geographic distance between the two countries significantly inhibit China’s direct investment in them.(2)There is a significant difference in China’s investment potential in the BRICS countries,with a higher proportion of partner countries that can continue to invest and those can be invested in,which indicates that there is huge potential for China’s direct investment in BRICS countries.

关 键 词：金砖国家 直接投资 投资潜力 拓展引力模型 

分 类 号：F832.6[经济管理—金融学]