国内制度因素影响OFDI的模型与实证研究

发布时间：2018-05-17 20:42

本文选题：对外直接投资 + 法律制度　；参考：《湖南大学》2013年硕士论文

【摘要】：为了实施“走出去”战略，中国在大量吸引外商直接投资的同时对外直接投资进程也在不断加快，但不同省际的历史文化传统、风俗习惯及相关的经济制度建设对各地区对外直接投资产生了重大的影响，并由此造成区域之间对外直接投资量存在较大差异，国内制度供给与对外直接投资之间的关系引起了众多学者的广泛关注。囿于数据或技术的限制，，众多学者在研究内容及方法上存在诸多的不足，因而影响了对现实的解释能力和决策的参考价值。基于以上原因，本文以中国29个省域为考察对象，从理论方面论证和阐释了国内制度对企业对外直接投资的影响机制，并以国内29个省（市）为样本，综合运用OLS估计、广义系统GMM估计等方法进行实证检验，从法律制度和经济制度两个层面来研究我国对外直接投资的制度驱动因素及其具体影响效应。基于全国总体样本的实证结果表明，法律制度中的知识产权保护和对生产者合法权益保护对企业开展对外直接投资具有持续稳健的正向影响，经济制度中的政府治理、经济发展水平和人力资本对企业开展对外直接投资的影响效应尤为突出，而政府治理对企业开展对外投资的影响效应占据决定性的主导地位。基于分地区样本的实证结果表明，中西部地区知识产权保护、对外开放度对企业开展对外直接投资的影响效应要大于东部地区，而东部地区生产者合法权益保护、政府治理和金融市场化程度对企业开展对外直接投资的影响效应要远大于中西部地区。另外，减少企业对外税费负担、经济发展水平和人力资本对两大区域企业开展对外直接投资均有着显著的正向促进作用，但其影响效应并不存在较为明显的区域差异。
[Abstract]:In order to implement the "going out" strategy, while attracting a large number of foreign direct investment, China is also speeding up the process of foreign direct investment, but the historical and cultural traditions of different provinces, Customs, and related economic systems have had a significant impact on foreign direct investment (FDI) in various regions, resulting in significant differences in the amount of FDI between regions. The relationship between domestic institutional supply and foreign direct investment (OFDI) has attracted many scholars' attention. Due to the limitation of data or technology, many scholars have many deficiencies in the research contents and methods, thus affecting the ability to interpret the reality and the reference value of decision-making. Based on the above reasons, this paper takes 29 provinces of China as the object of investigation, demonstrates and explains the influence mechanism of domestic system on foreign direct investment of enterprises from the theoretical aspect, and takes 29 provinces (cities) as samples, and synthetically uses OLS estimation. Based on the empirical test of generalized system GMM estimation, this paper studies the institutional driving factors of China's foreign direct investment (OFDI) and its specific effects from the two aspects of legal system and economic system. The empirical results based on the national total sample show that the protection of intellectual property rights and the legitimate rights and interests of producers in the legal system have a steady and positive impact on enterprises' outward direct investment, and government governance in the economic system. The effect of economic development and human capital on enterprises' foreign direct investment is particularly prominent, while government governance plays a decisive role in the influence of enterprises' foreign investment. The empirical results based on regional samples show that the impact of the degree of opening to the outside world on the protection of intellectual property rights in the central and western regions is greater than that in the eastern region, while the legal rights and interests of producers in the eastern region are protected. The effect of government governance and financial marketization on foreign direct investment of enterprises is much greater than that of central and western regions. In addition, reducing the burden of foreign taxes and fees, the level of economic development and human capital have a significant positive effect on the two regional enterprises to carry out foreign direct investment, but there is no obvious regional difference.
【学位授予单位】：湖南大学
【学位级别】：硕士
【学位授予年份】：2013
【分类号】：F832.6

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