中国企业对外直接投资的“出口效应”

发布时间：2018-08-09 07:45

【摘要】：中国企业对外直接投资是替代还是促进了出口?针对该问题,本文利用数据匹配法为2005—2007年1498家有对外直接投资的工业企业找到可供比较的对照组,运用倍差法(Different-in-Different,DID)实证检验了企业对外直接投资的"出口效应"。经过检验本文有如下发现:第一,中国企业对外直接投资总体促进了企业出口;第二,与其它投资动机相比,商贸服务类投资显著促进了企业出口;第三,与其它东道国相比,投资高收入国家的"出口效应"最为明显;第四,企业对外直接投资的"出口效应"先上升后下降,呈现倒"U"型;第五,企业对外直接投资不仅增加了出口的深度边际,也扩展了出口的广度边际。因此通过本文的微观数据检验,深化了对该问题的认识。
[Abstract]:Did China's OFDI replace or promote exports? In order to solve this problem, this paper uses the data matching method to find a comparative control group for 1498 industrial enterprises with foreign direct investment from 2005 to 2007, and empirically tests the "export effect" of foreign direct investment (FDI) by using the method of difference-in-DifferentDid (Different-in-DifferentDid). The results of this paper are as follows: first, Chinese enterprises' outward direct investment (OFDI) has promoted the export of enterprises generally; second, compared with other investment motives, the investment in trade and services has significantly promoted the export of enterprises; third, compared with other host countries, the foreign direct investment (OFDI) of Chinese enterprises has greatly promoted the export of enterprises. The "export effect" of investment in high-income countries is most obvious; fourth, the "export effect" of enterprises' outward direct investment (OFDI) rises first and then decreases, showing a "U" pattern. Fifth, OFDI not only increases the margin of export depth, It also expanded the breadth of exports. Therefore, through the microcosmic data test of this paper, deepen the understanding of this problem.
【作者单位】：厦门大学经济学院国际经济与贸易系;南开大学经济学院国际经济研究所;
【基金】：自然科学基金面上项目“中国企业海外并购与产业国际竞争力研究”(项目批准号:71273142)的阶段性成果
【分类号】：F279.2;F125;F752.62;F224

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