企业对外直接投资目的地选择的生产率效应

发布时间：2018-08-20 18:26

【摘要】：全要素生产率反映了企业生产要素投入转化为最终产品或服务的效率,是企业竞争力的体现。本文运用基于倍差法的倾向评分匹配法检验了2005~2011年对外直接投资对企业生产率的影响,并研究了初始投资目的地以及再次投资目的地的差异影响,研究发现:无论投资发达国家,还是发展中国家,我国企业对外直接投资显著提升了企业生产率;相对于投资到发达国家而言,投资于发展中国家的企业生产率提升更大;已投资企业进行二次海外投资时,相对于在同一类目的地的投资企业而言,目的地发生转变的企业生产率提升幅度更大;在二次海外投资时,由发展中国家转向发达国家的企业生产率提升幅度更为明显,这说明企业投资选择"先易后难"路径对生产率提升作用更大。
[Abstract]:Total factor productivity (TFP) reflects the efficiency of transforming factor input into final product or service, and is the embodiment of enterprise competitiveness. In this paper, the tendency score matching method based on double difference method is used to test the effect of OFDI on enterprise productivity from 2005 to 2011, and the difference between initial investment destination and reinvestment destination is studied. It is found that the foreign direct investment (OFDI) of Chinese enterprises has significantly increased the productivity of enterprises, and the productivity of enterprises investing in developing countries is much higher than that of investing in developed countries. When a invested enterprise makes a second overseas investment, the productivity of the enterprise whose destination has changed is much greater than that of the investing enterprise in the same destination; in the case of a second overseas investment, The rate of productivity increase from developing country to developed country is more obvious, which indicates that the choice of enterprise investment "easy before difficult" has more effect on productivity increase.
【作者单位】：山东财经大学国际商学院;南开大学经济学院;
【基金】：国家社会科学基金项目“贸易增加值为导向的对外直接投资区位和动机决策研究”(15BJL083) 教育部人文社会科学研究规划基金项目“三维视角下推动出口企业创新的路径研究”(13YJA790146);教育部人文社会科学研究规划基金项目“面向出口企业创新的公司治理研究”(13YJA630133) 山东省自然基金面上项目“山东省对外直接投资溢出效应与企业生产率提升的机制研究”(2014ZRB019XV)
【分类号】：F832.6

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