制度质量对中国OFDI区位选择的影响研究—基于投资动机的视角
Influence of Institutional Quality on China’s OFDI—Based on the Perspective of Investment Motivation
DOI: 10.12677/WER.2017.63005, PDF, HTML, XML, 下载: 2,017  浏览: 5,115 
作者: 魏 莉, 贺 卫：东华大学旭日工商管理学院，上海
关键词: OFDI；制度质量；投资动机；Heckman两阶段模型；Outward Foreign Direct Investment； Institutional Quality； Investment Motivation； Two-Stage Heckman Model
摘要: 本文利用2005~2014年中国对63个国家(地区)的OFDI流量数据，运用Heckman两阶段选择模型和投资引力模型，从母国投资动机和东道国制度质量的双重视角，分析中国OFDI的投资选择和投资规模的特征。结果表明：中国OFDI投资选择倾向于政治制度质量高、经济自由度高、法制完善、文化差异小的东道国。资源寻求型OFDI偏好政治制度好的东道国，市场寻求型OFDI偏好经济自由度高的东道国，技术寻求型OFDI对制度质量的依赖比较弱。
Abstract: Based on the OFDI flow data of 63 host countries from 2005 to 2014 , this paper employs two-stage Heckman selection model and modified investment gravity model to analyze the feature of OFDI choice and scales from dual constraint perspectives of investment motivation of the home country and institutional quality of the host countries. The results show that China’s OFDI prefers to a host country with high political quality, high economic freedom, perfect legal system and small cultural difference. Resource-seeking OFDI prefers to a host country of good political system, mar-ket-seeking OFDI prefers to a host country of high economic freedom, and technology-seeking OFDI has the week dependence on the high institutional quality.
文章引用：魏莉, 贺卫. 制度质量对中国OFDI区位选择的影响研究—基于投资动机的视角[J]. 世界经济探索, 2017, 6(3): 47-58. https://doi.org/10.12677/WER.2017.63005

参考文献

[1] 刘敏, 刘金山, 李雨培. 母国投资动机、东道国制度与企业对外直接投资区位选择[J]. 经济问题探索, 2016(8): 100-112.
[2] Buckley, P.J., Clegg, L.J., Cross, A.R., Liu, X., Voss, H. and Zhang, P. (2007) The Determinants of Chinese Outward Foreign Direct Investment. Journal of International Business Studies, 38, 499-518.
https://doi.org/10.1057/palgrave.jibs.8400277
[3] Kolstad, I. and Wiig, A. (2009) What Determines Chinese Outward FDI. CMI Working Papers.
[4] Elizabeth, A. (2006) Foreign Direct Investment in Africa: The Role of Natural Resources, Market Size, Government Policy, Institutions and Political Instability. The World Economy, 29, 63-77.
https://doi.org/10.1111/j.1467-9701.2006.00758.x
[5] 冀相豹. 中国对外直接投资影响因素分析——基于制度的视角[J]. 国际贸易问题, 2014(9): 98-108.
[6] 王海军. 政治风险与中国企业对外直接投资——基于东道国与母国两个维度的实证分析[J]. 财贸研究, 2012, 23(1): 110-116.
[7] 王永钦, 杜巨澜, 王凯. 中国对外直接投资区位选择的决定因素: 制度、税负和资源禀赋[J]. 经济研究, 2014(12): 126-142.
[8] 蒋冠宏, 蒋殿春. 中国对发展中国家的投资——东道国制度重要吗?[J] 管理世界, 2012, 230(11): 45-56.
[9] 蒋冠宏. 制度差异、文化距离与中国企业对外直接投资风险[J]. 世界经济研究, 2015(8): 37-47.
[10] Habib, M. and Zurawicki, L. (2002) Cor-ruption and Foreign Direct Investment. Journal of International Business Studies, 33, 291-307.
https://doi.org/10.1057/palgrave.jibs.8491017
[11] 胡博, 李凌. 我国对外直接投资的区位选择——基于投资动机的视角[J]. 国际贸易问题, 2008(12): 96-102.
[12] 陈丽丽, 林花. 我国对外直接投资区位选择:制度因素重要吗?——基于投资动机视角[J]. 经济经纬, 2011(1): 20-25.

为你推荐