资源禀赋、技术创新与中国对美直接投资的空间布局研究
发布时间：2018-09-03 10:13
【摘要】：伴随着世界经济一体化趋势的不断加剧,跨国公司的发展对于一国经济的驱动有着十分重要的影响。中国的改革开放政策随着时间的推移不断深入发展,“走出去”政策和“一带一路”政策的贯彻落实也让中国企业在世界上的力量和影响与日俱增。2015年末,中国对外直接投资规模首次超越日本,成为世界第二大对外直接投资经济体,已经成为实际意义上的资本输出国,对外直接投资流量已经达到了1456.7亿美元,同比增长18.3%。其中新增股权投资967.1亿美元,占66.4%;当期收益在投资379.1亿美元,占26%;债务工具投资110.5亿美元,占7.6%。而美国作为全球经济的领跑者,长期以来占据着经济格局的霸主地位,无论是在对外投资和引进外资方面,都位居世界领先水平。而且美国拥有丰富的资源和十分发达的核心科技,在各方面都吸引着中国资本的进入。基于此思路,中国对美国直接投资的研究具有非常深远的实际意义。鉴于此,我们试图通过详细的理论和实证分析来厘清资源禀赋、技术创新与中国对美直接投资空间布局的关系。首先,通过对中国对美国直接投资背景介绍,分别从影响OFDI空间布局的基础理论、经济因素、政治因素和社会因素等几个视角展开研究。详细介绍了行文的思路和内容后,对于对外直接投资的理论基础展开了详细的论述,并结合理论基础展开中国对美国直接投资的理论分析,详细的从资源禀赋和技术创新两方面展开对中国对美直接投资的空间布局影响分析,并建立了相关的理论模型,试图探讨三者之间的关系。根据理论分析的结果,利用2005-2014年中国对美直接投资的州际面板数据,采用GMM动态面板模型进行实证检验,结果发现资源禀赋和技术创新能促进中国对美直接投资且资源禀赋对于直接投资的影响力度高于技术创新,说明中国对美直接投资目前仍处于以资源导向为主,以技术导向为辅的阶段;分区域实证研究的结果表明,美国东部地区技术创新对中国对美直接投资的影响力度大于资源禀赋,而西部地区的资源禀赋对其影响力度更大。因此,中国企业在对外直接投资时,应当注重先期观察当地的投资环境和区位优势,了解和熟悉当地的法律环境,并且在适当情况下考虑利用当地的华人网络的分布和产业集聚的效应,还应该将目光瞄准那些投资开发力度小且潜力较大的中西部地区。而在政府层面,应当通过政策手段和经济手段予以中小企业走出国门更多支持。
[Abstract]:With the increasing trend of economic integration in the world, the development of multinational corporations has a very important impact on the drive of a country's economy. With the development of China's reform and opening up policy over time, the implementation of the "going out" policy and "Belt and Road" policy has also increased the strength and influence of Chinese enterprises in the world. At the end of 2015, For the first time, China has overtaken Japan to become the world's second-largest foreign direct investment economy and has become a de facto capital exporter, with foreign direct investment flows reaching $145.67 billion, up 18.3 percent from a year earlier. Of this total, $96.71 billion, or 66. 4%, was invested in new equity; $37.91 billion, or 26%, in the current period; and $11.05 billion, or 7. 6%, in debt instruments. As the leader of the global economy, the United States has occupied the dominant position in the economic pattern for a long time, both in terms of foreign investment and the introduction of foreign capital, all of which occupy the leading level in the world. And the United States, with its rich resources and very developed core technology, attracts Chinese capital in all respects. Based on this idea, China's research on American direct investment has profound practical significance. In view of this, we try to clarify the relationship between resource endowment, technological innovation and the spatial distribution of China's direct investment in the United States through detailed theoretical and empirical analysis. First of all, by introducing the background of China's direct investment in the United States, this paper studies the basic theories, economic factors, political factors and social factors that affect the spatial distribution of OFDI. After a detailed introduction of the ideas and contents of the article, the theoretical basis of foreign direct investment is discussed in detail, and the theoretical analysis of China's direct investment in the United States is carried out in combination with the theoretical basis. This paper analyzes the spatial distribution of China's direct investment in the United States from two aspects of resource endowment and technological innovation, and sets up a related theoretical model to try to explore the relationship between the three. According to the results of theoretical analysis, using the interstate panel data of China's direct investment in the United States from 2005 to 2014, using GMM dynamic panel model to carry out empirical test. The results show that resource endowment and technological innovation can promote China's direct investment in the United States and the impact of resource endowment on direct investment is higher than that on technological innovation, indicating that China's direct investment in the United States is still resource-oriented at present. The empirical results show that the impact of technological innovation on China's direct investment in the United States is greater than that of resource endowment in the eastern part of the United States, and the resource endowment in the western region has a greater impact on it. Therefore, when Chinese enterprises invest in foreign direct investment, they should pay attention to observing the local investment environment and regional advantages in advance, and understand and familiarize themselves with the local legal environment. And under appropriate circumstances, we should take advantage of the distribution of local Chinese network and the effect of industrial agglomeration, and should also focus on those Midwest regions with low investment and development intensity and great potential. At the government level, small and medium-sized enterprises should be given more support through policy and economic means.
【学位授予单位】：湘潭大学
【学位级别】：硕士
【学位授予年份】：2017
【分类号】：F125;F124.3
本文编号：2219675
[Abstract]:With the increasing trend of economic integration in the world, the development of multinational corporations has a very important impact on the drive of a country's economy. With the development of China's reform and opening up policy over time, the implementation of the "going out" policy and "Belt and Road" policy has also increased the strength and influence of Chinese enterprises in the world. At the end of 2015, For the first time, China has overtaken Japan to become the world's second-largest foreign direct investment economy and has become a de facto capital exporter, with foreign direct investment flows reaching $145.67 billion, up 18.3 percent from a year earlier. Of this total, $96.71 billion, or 66. 4%, was invested in new equity; $37.91 billion, or 26%, in the current period; and $11.05 billion, or 7. 6%, in debt instruments. As the leader of the global economy, the United States has occupied the dominant position in the economic pattern for a long time, both in terms of foreign investment and the introduction of foreign capital, all of which occupy the leading level in the world. And the United States, with its rich resources and very developed core technology, attracts Chinese capital in all respects. Based on this idea, China's research on American direct investment has profound practical significance. In view of this, we try to clarify the relationship between resource endowment, technological innovation and the spatial distribution of China's direct investment in the United States through detailed theoretical and empirical analysis. First of all, by introducing the background of China's direct investment in the United States, this paper studies the basic theories, economic factors, political factors and social factors that affect the spatial distribution of OFDI. After a detailed introduction of the ideas and contents of the article, the theoretical basis of foreign direct investment is discussed in detail, and the theoretical analysis of China's direct investment in the United States is carried out in combination with the theoretical basis. This paper analyzes the spatial distribution of China's direct investment in the United States from two aspects of resource endowment and technological innovation, and sets up a related theoretical model to try to explore the relationship between the three. According to the results of theoretical analysis, using the interstate panel data of China's direct investment in the United States from 2005 to 2014, using GMM dynamic panel model to carry out empirical test. The results show that resource endowment and technological innovation can promote China's direct investment in the United States and the impact of resource endowment on direct investment is higher than that on technological innovation, indicating that China's direct investment in the United States is still resource-oriented at present. The empirical results show that the impact of technological innovation on China's direct investment in the United States is greater than that of resource endowment in the eastern part of the United States, and the resource endowment in the western region has a greater impact on it. Therefore, when Chinese enterprises invest in foreign direct investment, they should pay attention to observing the local investment environment and regional advantages in advance, and understand and familiarize themselves with the local legal environment. And under appropriate circumstances, we should take advantage of the distribution of local Chinese network and the effect of industrial agglomeration, and should also focus on those Midwest regions with low investment and development intensity and great potential. At the government level, small and medium-sized enterprises should be given more support through policy and economic means.
【学位授予单位】：湘潭大学
【学位级别】：硕士
【学位授予年份】：2017
【分类号】：F125;F124.3
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相关期刊论文 前2条
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