中国在拉美直接投资的区位选择及其影响因素实证分析

发布时间：2018-04-02 01:11

本文选题：中国企业　切入点：对外直接投资　出处：《复旦大学》2013年硕士论文

【摘要】：在经济全球化的条件下,自实行中国对外开放以来,对外直接投资已成为中国发展经济的重要途径,作为中国第二直接投资目的地的拉美,无疑是世人瞩目的,研究和解剖中国企业在拉美投资的动因,对中国企业在下一步再次投资是个重要参照指标。本文首先借鉴国内外学者的相关研究背景,以中国和拉美的经贸合作关系和中国对外直接投资的情况作为基础展开中国企业对拉美直接投资的情况来综合考察,如中国对拉美的投资规模、投资区域分布、投资特点和模式等情况作为参考依据。通过计量方式,构建模型和采用面板数据的GLS最新二乘估计方法,进行回归分析,选用2003-2011年中国对拉美10个国家,即阿根廷、玻利维亚、巴西、智利、哥伦比亚、厄瓜多尔、墨西哥、秘鲁、巴拿马和委内瑞拉等直接投资存量和流量进行回归分析,中国对拉美投资的存量和流量受什么因素影响。通过对中国在拉美投资的影响因素的实证研究,回归结果得出以下结论：首先,中国在拉美国家投资与拉美市场规模(GDP)有负相关关系,即GDP越高,无论是存量和流量都越低；其次,中国对拉美的双边贸易具有正相关关系,中国与拉美的贸易额越大,中国对拉美投资就越多；再次,拉美吸收外资的存量和流量(FDIS、FDII)都影响中国对拉美投资的主要因素,起到正效应的影响；最后,政治风险(PR)和经济开放程度(OP)都是对中国在拉美国家投资的负效应影响因素,虽然模型变量的选择有些不一样,但根据调整后得出的回归结果还是比较显著的,这也说明本文采取的计量回归模型还是很大的程度上解释了中国对拉美投资的主要影响因素。基于本文的定性和定量的研究分析结果后,本文再提出影响中国企业在拉美投资所面临的问题和障碍以及提出中国企业在拉美投资的企业层面和政府层面的建议。
[Abstract]:Under the condition of globalization, since the implementation of Chinese opening up, foreign direct investment has become an important way to Chinese economic development, as China second direct investment destination in Latin America, is undoubtedly the world's attention, and the study motivation China anatomy of corporate investment in Latin America, the China investment again in the next step is a an important reference index.
This paper draws on relevant research background of domestic and foreign scholars, to Chinese and Latin American economic and trade cooperation between China and foreign direct investment as a basis for China enterprises to invest directly in Latin America to a comprehensive investigation, such as Chinese on Latin American investment scale, investment area distribution, investment characteristics and mode as reference.
Through the method of measurement, modeling and using the panel data of the latest GLS two by estimation method, regression analysis, using 2003-2011 years Chinese to 10 Latin American countries, namely Argentina, Bolivia, Brazil, Chile, Columbia, Ecuador, Mexico, Peru, Panama and Venezuela, regression analysis of direct investment stock and flow, Chinese investment in Latin America stock and flow affected by what.
Through an empirical study on the influencing factors of Chinese investment in Latin America, the result shows the following conclusions: firstly, China investment in Latin American countries and the Latin American market scale (GDP) have a negative correlation, namely the higher the GDP, both the stock and flow is low; secondly, Chinese bilateral trade on Latin America has positive correlation the relationship between the volume of trade, Chinese and Latin America more, Chinese investment in Latin America more; again, the Latin American foreign investment stock and flow (FDIS, FDII) are the main factors affecting the China investment in Latin America, has a positive impact effect; finally, political risk (PR) and the degree of openness (OP) are is the China factor in the negative effect of investment in Latin American countries, although the model variable choice is slightly different, but according to the regression results obtained after adjustment is obvious, it also shows that the measurement the regression model is great The main factors that affect China's investment in Latin America are explained in degree.
Based on the qualitative and quantitative research results, this paper puts forward the problems and obstacles that Chinese enterprises face in Latin American investment, and puts forward suggestions for Chinese enterprises to invest in Latin America at the corporate level and the government level.

【学位授予单位】：复旦大学
【学位级别】：硕士
【学位授予年份】：2013
【分类号】：F832.6;F125.5

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