我国金融发展视角FDI的出口增长效应研究

发布时间：2019-06-07 19:40

【摘要】：金融发展水平作为影响FDI推动东道国出口增长的重要因素之一,长期以来受到国内外众多学者的关注。但是现有的研究大多数是从金融发展的对立面即金融约束出发,而从金融发展角度来研究的文献较少。本文从我国金融发展水平出发,探讨了金融发展、FDI、出口增长之间的关系。为了使问题分析得更加全面,本文将金融发展对FDI的出口影响作用分为两个部分。首先是研究金融发展对我国吸收FDI数量的影响；其次考察我国金融发展能否扩大FDI的出口增长效应。本文首先通过对国内外相关文献进行了综述,在国际贸易理论和FDI理论框架下总结分析出东道国金融市场发展影响FDI引进和吸收并促进出口增长的形成机理。在此基础上进行了两个层次的实证分析：一是检验金融发展水平和FDI流入数量之间的关系；二是测度金融发展对FDI的吸收进而促进出口增长的影响程度。研究结果表明：金融规模的扩大和金融效率的提高对FDI的流入有促进作用,其中,金融效率对其贡献相对更大；FDI的流入能够加快资本的积累,其“技术外溢”和“学习效应”促进东道国企业改善生产条件,提高生产力,提升产品质量,从而促进出口的增长；然而在FDI促进东道国的出口增长过程中,东道国金融发展水平的高低会影响企业吸收技术外溢的能力,进而影响FDI对东道国资本的积累和技术的进步,并最终影响FDI对出口增长的促进作用的发挥。通过对金融发展、FDI、出口增长之间关系的实证分析,本文认为,要通过加快提高金融市场的效率,提高FDI的引进质量,完善金融支持的出口体系和推动汇率改革来实现出口增长的目的。
[Abstract]:As one of the important factors affecting FDI to promote the export growth of host countries, the level of financial development has been concerned by many scholars at home and abroad for a long time. However, most of the existing studies are based on the opposites of financial development, that is, financial constraints, but there are few literatures from the perspective of financial development. Based on the level of financial development in China, this paper discusses the relationship between financial development and FDI, export growth. In order to make the problem analysis more comprehensive, this paper divides the impact of financial development on the export of FDI into two parts. The first is to study the impact of financial development on the amount of FDI absorbed by China; secondly, to investigate whether China's financial development can expand the export growth effect of FDI. In this paper, through the review of the relevant literature at home and abroad, under the framework of international trade theory and FDI theory, the formation mechanism of the influence of the development of host country financial market on the introduction and absorption of FDI and the promotion of export growth is summarized and analyzed. On this basis, two levels of empirical analysis are carried out: one is to test the relationship between the level of financial development and the amount of FDI inflow; the other is to measure the impact of financial development on FDI absorption and export growth. The results show that the expansion of financial scale and the improvement of financial efficiency can promote the inflow of FDI, and the contribution of financial efficiency to it is relatively greater. The inflow of FDI can accelerate the accumulation of capital, and its "technology spillover" and "learning effect" promote the host country enterprises to improve the production conditions, improve productivity and improve the quality of products, so as to promote the growth of exports. However, in the process of FDI promoting the export growth of the host country, the level of financial development of the host country will affect the ability of enterprises to absorb technology spillover, and then affect the accumulation of capital and technological progress of the host country by FDI. And ultimately affect the role of FDI in promoting export growth. Through the empirical analysis of the relationship between financial development and FDI, export growth, this paper holds that it is necessary to speed up the improvement of the efficiency of the financial market and improve the quality of the introduction of FDI. Improve the export system supported by finance and promote exchange rate reform to achieve the purpose of export growth.
【学位授予单位】：中南大学
【学位级别】：硕士
【学位授予年份】：2012
【分类号】：F752.62;F832.6

【参考文献】