政治风险、文化距离和双边关系对中国对外直接投资的影响——基于“一带一路”沿线主要国家的研究

发布时间：2018-04-20 05:31

本文选题：政治风险 + 文化距离　；参考：《贵州财经大学学报》2017年02期

【摘要】：随着"一带一路"战略的实施,中国对外直接投资(OFDI)规模将会持续扩大,也面临各种各样的风险。根据2003—2014年中国对"一带一路"沿线主要43个国家直接投资的面板数据,运用面板矫正误差(PCSE)方法估计,重点研究东道国政治风险、文化距离和双边关系对我国对外直接投资的影响,并将样本分为"新海上丝绸之路"和"丝绸之路经济带",比较两条路线上的异同。研究发现:双边政治关系与我国OFDI显著正相关;中国对"一带一路"的OFDI一般集中于政治风险高、文化距离近、自然资源丰富的国家,原因在于东道国丰富的自然资源和与东道国良好的双边关系降低了投资风险;地理距离对中国投资有负影响,中国对东道国出口对OFDI有促进作用。此外,政治风险、文化距离和地理距离对OFDI的影响在"一带一路"两条路线上表现出明显差异。
[Abstract]:With the implementation of Belt and Road's strategy, China's foreign direct investment (OFDI) will continue to expand and face various risks. Based on panel data of China's direct investment in 43 major countries along "Belt and Road" from 2003 to 2014, the paper uses the panel correction error (PCSE) method to estimate the political risks in the host country. The influence of cultural distance and bilateral relations on China's foreign direct investment is analyzed. The samples are divided into "New Maritime Silk Road" and "Silk Road Economic Belt", and the similarities and differences between the two routes are compared. It is found that bilateral political relations are positively correlated with China's OFDI, and that China's OFDI for Belt and Road is generally concentrated in countries with high political risk, close cultural distance and rich natural resources. The reason is that the rich natural resources of the host country and the good bilateral relations with the host country reduce the investment risk, the geographical distance has a negative effect on China's investment, and China's export to the host country can promote OFDI. In addition, the influence of political risk, cultural distance and geographical distance on OFDI is obviously different from that of Belt and Road.
【作者单位】：华中科技大学经济学院;
【分类号】：D822.3;F125

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