基于市场化进程视角的FDI对国内私人投资的挤入挤出效应研究

发布时间：2018-08-03 21:24

【摘要】：随着我国改革开放事业不断深入发展,市场化进程不断推进,世界经济一体化的趋势越来越明显,FDI一直在持续大量流入我国。FDI的进入对促进我国经济增长、产业结构升级、技术进步、人力资源的开发以及管理水平的提升都起到了重要作用。但是不可否认,随着FDI的不断流入,给我国经济带来的负面影响也逐渐受到关注。FDI会对东道国国内投资产生挤入挤出效应,这一课题一直以来都是学术界关注的热点,国内外许多学者都对这一问题进行过研究,但是研究的结论却存在较大差异。我国正处在经济结构的转型期,市场化脚步不断加快,但是大多数学者在研究FDI对我国国内投资的影响时都忽视了两个重要的问题。第一,市场环境(制度)因素对FDI与国内投资之间关系的影响；第二,没有将国内投资进一步区分国有投资和私人投资来研究。本文以市场化进程为视角研究了宏观制度因素对泛珠三角区域FDI与国内私人投资之间关系的影响。首先,阐述了本文的研究背景,并对已有的相关文献进行了总结,得到了本文的研究目的和意义,并在此基础上提出了本文的两大研究假设。其次,重点分析了FDI对我国私人投资挤入挤出效应的理论机制。最后,运用泛珠三角区域1995—2012年数据,建立面板数据模型和状态空间模型,以FDI和FDI与市场化的交互项为两个核心解释变量,实证检验了在我国市场化进程中FDI对我国私人投资的影响。研究结果显示：第一,在我国目前经济转型的背景下,市场化程度的提高会促进FDI对国内私人投资的挤入效应。第二,随着市场化程度的不断提高,FDI对国内私人挤入效应的边际效率是递减的。
[Abstract]:With the deepening development of China's reform and opening up and the continuous advancement of the market-oriented process, the trend of world economic integration is becoming more and more obvious. FDI has been continuously flowing into China's .FDI to promote the economic growth of our country and upgrade the industrial structure. Technological progress, the development of human resources and the promotion of management have played an important role. However, it is undeniable that with the continuous inflow of FDI, the negative impact on our economy will gradually be concerned about the crowding out effect on the host country's domestic investment, which has always been a hot topic in academic circles. Many scholars at home and abroad have studied this problem, but the conclusions are quite different. China is in the transition period of economic structure, and the pace of marketization is speeding up, but most scholars ignore two important problems when studying the influence of FDI on our domestic investment. First, the influence of market environment (institutional) factors on the relationship between FDI and domestic investment; second, no further research on the distinction between state-owned investment and private investment. From the perspective of market-oriented process, this paper studies the influence of macro institutional factors on the relationship between FDI and domestic private investment in the Pan-Pearl River Delta region. First of all, the research background of this paper is expounded, and the existing related literature is summarized, and the purpose and significance of this paper are obtained. On this basis, two major research hypotheses are put forward. Secondly, the theoretical mechanism of the crowding out effect of FDI on private investment in China is analyzed. Finally, the panel data model and the state space model are established using the data from 1995 to 2012 in the Pan-Pearl River Delta region. The interaction between FDI and FDI and marketization is taken as the two core explanatory variables. The effect of FDI on China's private investment in the process of marketization is tested empirically. The results show that: first, under the background of China's current economic transformation, the improvement of the degree of marketization will promote the crowding effect of FDI on domestic private investment. Second, with the increasing of marketization, the marginal efficiency of FDI to the domestic private crowding effect is decreasing.
【学位授予单位】：海南大学
【学位级别】：硕士
【学位授予年份】：2014
【分类号】：F832.6;F832.48

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