新结构经济学视角下FDI外溢的“门限特征”分析

发布时间：2018-05-11 16:06

本文选题：金融成本落差 + FDI外溢　；参考：《经济评论》2017年03期

【摘要】：本文构建一个包含金融成本落差的斯塔克博格模型,认为FDI外溢效应可能具有差别,是正向外溢还是攫取市场取决于东道国市场规模、人力资本及金融发展等条件。基于中国221个样本城市1997-2014年数据,构造面板数据多重门限回归模型。研究发现金融发展、人力资本和市场规模是获取FDI外溢的门限条件,其中金融发展不足制约着FDI外溢效果,具有单一门限效应;市场规模对FDI外溢具有阶段性影响,当市场规模低于或高于特定门限时,市场规模对FDI外溢会产生抑制作用。这意味着当FDI过度集中时可能导致内、外资企业竞争效应加强,降低FDI的正向溢出。新结构经济学倡导在欠发达国家发展时,不能只考虑与发达国家的差异,而要甄别经济发展关键环节,根据影响因素作用的阶段性,提供差异化的政策。结合FDI外溢的门限条件,有效政府应通过差别化引资政策,引导FDI流入高回报城市,促进FDI外溢效应提升。
[Abstract]:In this paper, we construct a Starkberg model which includes the difference of financial cost, and think that the spillover effect of FDI may be different, whether it is positive spillover or seizing market depends on the market size, human capital and financial development of the host country. Based on the data of 221 sample cities in China from 1997 to 2014, a multiple threshold regression model for panel data is constructed. It is found that financial development, human capital and market scale are the threshold conditions for obtaining FDI spillover, in which the underdevelopment of finance restricts the effect of FDI spillover and has a single threshold effect, and the market scale has a phased effect on FDI spillover. When the market size is below or above the specific threshold, the market size will restrain the FDI spillover. This means that when FDI concentration is excessive, the competitive effect of foreign firms will be strengthened and the positive spillover of FDI will be reduced. The new structural economics advocates that in the development of less developed countries, we should not only consider the differences with developed countries, but also identify the key links of economic development and provide differentiated policies according to the stages of influence factors. Combined with the threshold conditions of FDI spillover, the effective government should guide FDI into high-return cities through the policy of differential investment attracting, and promote the promotion of FDI spillover effect.
【作者单位】：合肥工业大学管理学院;北方民族大学经济学院;
【基金】：国家自然科学基金项目“向西开放的服务业FDI信息壁垒与外溢效应研究——以宁夏为例”(项目编号:71463001) 安徽省哲学社会科学规划基金项目“安徽省城乡居民家庭贫困脆弱性研究”(项目编号:AHSKY2014D103) 北方民族大学重点项目“宁夏招商引资落地项目现状调查研究”(项目编号:2015JC02)资助
【分类号】：F091.349;F832.6

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