中国宏观经济政策对制造业ODI的影响分析
发布时间:2018-08-13 21:27
【摘要】:本文通过构建二阶段模型并进行数理推导,证明当企业不具备绝对所有权优势及存在经验曲线效应时,企业进行ODI时的母国最佳产量比不进行ODI时大,因此当面临母国经济政策收紧时,ODI企业在母国的生产成本受影响程度比非ODI企业更大,母国宏观经济政策越趋收紧,企业的对外直接投资意愿愈弱,从长期看本国ODI下降。在此基础上,实证分析了中国制造业ODI与利率、税负之间的关系,结果表明税负增加会对我国制造业的对外直接投资造成较大负面影响,验证了数学模型的推导结果。
[Abstract]:In this paper, by constructing a two-stage model and mathematical derivation, it is proved that when the firm does not have absolute ownership advantage and experience curve effect, the optimal output of home country when ODI is carried out is larger than that without ODI. Therefore, when faced with the domestic economic policy tightening, the production cost of the ODI enterprises in the home country is more affected than that of the non-ODI enterprises, and the macroeconomic policy of the home country tends to tighten, and the willingness of foreign direct investment of the enterprises is weaker, and the domestic ODI decreases in the long run. On this basis, this paper empirically analyzes the relationship between ODI, interest rate and tax burden in China's manufacturing industry. The results show that the increase of tax burden will have a great negative impact on the foreign direct investment of Chinese manufacturing industry, and verify the derivation of the mathematical model.
【作者单位】: 中南财经政法大学;
【分类号】:F424;F832.6;F224
[Abstract]:In this paper, by constructing a two-stage model and mathematical derivation, it is proved that when the firm does not have absolute ownership advantage and experience curve effect, the optimal output of home country when ODI is carried out is larger than that without ODI. Therefore, when faced with the domestic economic policy tightening, the production cost of the ODI enterprises in the home country is more affected than that of the non-ODI enterprises, and the macroeconomic policy of the home country tends to tighten, and the willingness of foreign direct investment of the enterprises is weaker, and the domestic ODI decreases in the long run. On this basis, this paper empirically analyzes the relationship between ODI, interest rate and tax burden in China's manufacturing industry. The results show that the increase of tax burden will have a great negative impact on the foreign direct investment of Chinese manufacturing industry, and verify the derivation of the mathematical model.
【作者单位】: 中南财经政法大学;
【分类号】:F424;F832.6;F224
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