多边开发银行参与基础设施项目投资空间分布的影响因素——基于世界银行PPI数据库的实证分析

发布时间：2018-01-02 22:22

本文关键词：多边开发银行参与基础设施项目投资空间分布的影响因素——基于世界银行PPI数据库的实证分析　出处：《财政研究》2017年10期 　论文类型：期刊论文

【摘要】：多边开发银行参与基础设施投资空间分布的影响因素因PPP项目和非PPP项目及其参与支持方式的不同而存在一定差异。本文基于世界银行PPI数据库92个发展中国家1996-2014年数据的实证结果表明:(1)多边开发银行倾向于支持收入较高、人口较多、国际储备较少、金融市场较发达的国家基础设施建设,目标国经济增长率和通货膨胀对多边开发银行参与PPP项目和非PPP项目的影响存在差异;(2)目标国政府对外偿债压力越大、一般性政府消费性支出占GDP比重越小,多边开发银行参与可能性越大,但PPP项目中政府约束性因素影响不显著;(3)目标国法律风险越大,多边开发银行参与支持的可能性越大;(4)多边开发银行倾向于支持政策环境较好国家的基础设施项目,但PPP项目中,政治不稳定的国家,得到多边开发银行支持的可能性越大;组织机构质量影响大部分不显著。金砖国家新开发银行和亚投行作为新多边开发银行,可借鉴已有多边开发银行在基础设施投资方面的经验,并实现与现有多边机构间的合作与错位发展。
[Abstract]:Because of the PPP project and non PPP projects and participate in support of the different ways but there are certain differences in the multilateral development banks the factors affecting the distribution of infrastructure investment space. The empirical world bank database PPI 92 developing countries 1996-2014 data based on the results: (1) the multilateral development banks tend to support higher income, more population, international reserves less, the national infrastructure construction of more developed financial markets, China's economic growth rate and inflation targets have different effects on the multilateral development banks involved in the PPP project and non project PPP; (2) the target government debt pressure is bigger, the general consumption of government spending accounted for the proportion of GDP is small, the multilateral development banks participation probability the greater the effect of the government in PPP project, but the constraints are not significant; (3) the legal risks of the target country, the possibility of the multilateral development banks involved in support of the ; (4) the multilateral development banks tend to support good policy environment national infrastructure projects, but in the PPP project, political instability in the country, get the possibility of multilateral development banks to support the organization; quality effect was significant. The new BRICs Development Bank and the investment bank as a new multilateral development bank, can learn from the experience of the existing multilateral development banks in terms of infrastructure investment, cooperation and coordinated development and implementation and the existing multilateral institutions.

【作者单位】：华侨大学经济与金融学院;
【基金】：国家社科基金项目“国际货币体系改革视角下金砖国家金融合作机制研究(15CJL047)”
【分类号】：F283;F831.2
【正文快照】： 一、引　言2008年全球金融危机后,全球经济一直面临如何复苏的难题,在传统的财政货币政策刺激依然无法奏效的情况下,基础设施领域的投资成为各国经济发展的重要引擎之一,由此迎来了全球基础设施领域投资需求的迅猛增长。据世界银行报告,当前全球基础设施每年投资达1万亿美元,

【相似文献】