金融发展与我国工业制造业企业对外直接投资

发布时间：2018-01-29 23:45

本文关键词： 金融市场融资要素价格扭曲异质性对外直接投资　出处：《现代管理科学》2017年10期 　论文类型：期刊论文

【摘要】：中国吸引外资(Inward Foreign Direct Investment,IFDI或FDI)与对外直接投资(Outward Foreign Direct Investment,OFDI或ODI)的差额近些年来有逐渐收敛的趋势,去年流量差额进一步缩小,只有53.8亿美元,双向投资首次接近平衡。纵观国内外企业生产率的发展历程,中国企业受此影响尤为明显。新形势下,建立在"新贸易理论"和"新-新贸易理论"等一系列经典理论基础之上的模型,需要重新考量投融资约束对原有模型的调整,从理论到实证来剖析中国金融发展状况、融资环境、要素扭曲、企业全要素生产率和技术创新影响异质性企业对外直接投资的选择等传导机制、作用原理,利用现有的国家地区企业等中观、微观数据库,来测算检验上述指标的内在联系。
[Abstract]:China attracts inward Foreign Direct Investment. IFDI or FDI) and OFDI / Outward Foreign Direct Investment. The gap between OFDI and OFDI has gradually converged in recent years, shrinking further to $5.38 billion last year. The two-way investment is close to equilibrium for the first time. Looking at the development course of the domestic and foreign enterprises' productivity, it is especially obvious that the Chinese enterprises are affected by this. Under the new situation. Based on a series of classical theories, such as "New Trade Theory" and "New-New Trade Theory", we need to reconsider the adjustment of investment and financing constraints to the original model. From the theory to the empirical analysis of China's financial development, financing environment, factor distortion, total factor productivity and technological innovation affect heterogeneity enterprises foreign direct investment selection transmission mechanism, the principle of action. The existing meso-and micro-databases of national and regional enterprises are used to measure and test the internal relations of the above indicators.
【作者单位】：中国光大集团股份公司战略计划部;中国光大集团股份公司博士后科研工作站;清华大学五道口金融学院应用经济学博士后流动站;
【基金】：教育部人文社会科学重点基地重大项目“对外直接投资与我国经济发展的理论和政策研究”(项目号:13JJD790017) 国家社会科学基金重大项目“引进外资与对外投资两大开放战略的协调机制与政策研究”(项目号:15ZDA057)
【分类号】：F125;F425;F832
【正文快照】： 一、绪论盛仕斌和徐海(1999)指出,中国的市场化改革进程中要素跨国公司国际直接投资(Inward Foreign Direct In-市场改革的滞后所造成的市场扭曲,是我国改革历程中所vestment,IFDI或者FDI)与对外直接投资(Outward Foreign特有的现象,要素价格的扭曲对中国经济发展的影响极为Di

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