经济制度视角下我国对东盟直接投资的区位选择研究

发布时间：2018-03-06 19:46

本文选题：东盟　切入点：经济制度　出处：《西南大学》2017年硕士论文　论文类型：学位论文

【摘要】：随着全球经济一体化和区域经济一体化的兴起,国际直接投资呈现出快速发展的态势。改革开放以来,中国经济得到了迅速的发展,经济实力不断提高,跟随经济全球化的潮流,中国政府先后贯彻实施“走出去”和“一带一路”发展战略,鼓励有能力和有条件的企业对外直接投资。近年来,我国对外直接投资取得了很好的成绩。2016年我国境内投资者向境外7961家企业进行了非金融直接投资,共涉足全球164个国家或地区,实现对外投资额高达1701.1亿美元,同比增长44.1%。中国日益崛起,如今中国已成为世界第二投资国,意味着中国资本布局全球新时代的到来,成为全球投资市场强大的力量。自2010年中国—东盟自由贸易区(CAFTA)正式成立,极大地促进了双方经贸往来,为中国企业在东盟直接投资提供了无限机遇,推动中国对东盟直接投资的发展。2015年,我国对东盟直接投资增长速度飞快,投资流量首次突破百亿美元达到146.04亿美元,同比增长87%;投资国别分布多变,对新加坡的投资又创新高;投资领域不断扩展,行业遍布东盟各国;投资主体趋于多元化,更多民营企业走出国门。2016年,是中国与东盟建立对话关系25周年,处于双方合作的“钻石十年”期间,伴随着政府展开的“一带一路”发展战略,我国对东盟直接投资正面临史上绝无的机遇。但是,在飞速发展的同时,我国对东盟直接投资存在一些问题:存在国别差异、行业分布不均、总体规模较小、占我国总体比率低等,制约着投资的进一步发展,亟待解决。本文利用中国对外直接投资数据库2003-2015年东盟国家的面板数据,基于经济制度视角,运用万有引力模型考察东盟经济制度对我国对其直接投资的影响,实证结果表明有显著的影响。其中反腐制度、营商制度、贸易制度、投资制度、金融制度对我国对东盟直接投资规模有正向的影响:东盟国家严格的经济法规,良好的营商环境,开放的投资市场为我国跨国企业生产和发展提供良好的经营环境,从而扩大了投资规模;政府控制支出制度有负向的影响:政府支出促进经济增长,给我国带来投资的机遇;货币制度的影响不显著:东道国货币制度不是我国对东盟国家投资的主要考虑因素。本文还采用Hendry“一般到特殊”的逐步回归分析法,比较经济子制度对我国对东盟直接投资影响程度的强弱,其中影响最强的是政府控制支出制度,随后依次是反腐败制度、金融制度、营商制度、贸易制度、投资制度、货币制度。最后根据研究结果提出本文的建议,政府层面:构建对东盟投资的信息服务体系,加强中国与东盟的友好合作关系,大力支持东盟共同体的发展建设,加强与建立跨国企业的保障制度;企业层面:系统调查东盟经济制度与市场,加强和东盟华商、华人的合作,投资东盟国家与领域要多元化,健全跨国企业制度和管理体系。
[Abstract]:With the rise of global economic integration and regional economic integration, international direct investment (FDI) has shown a rapid development trend. Since the reform and opening up, China's economy has been developing rapidly, and its economic strength has been continuously improved. Following the trend of economic globalization, the Chinese government has successively implemented the development strategy of "going out" and "Belt and Road" to encourage foreign direct investment of competent and qualified enterprises. In 2016, China's domestic investors made non-financial direct investment to 7961 enterprises overseas, and they set foot in 164 countries or regions in the world, with a total of US $170.11 billion in foreign investment. China has become the second largest investor in the world, meaning a new era of global capital distribution in China. It has become a powerful force in the global investment market. Since the establishment of CAFTAA in 2010, it has greatly promoted economic and trade exchanges between the two sides and provided unlimited opportunities for Chinese enterprises to invest directly in ASEAN. In 2015, China's direct investment in ASEAN grew at a rapid rate, with investment flows reaching fourteen billion six hundred and four million US dollars for the first time, an increase of 87 percent over the same period last year. The investment in Singapore has reached a new high; the investment field is constantly expanding and the industries are spread across ASEAN countries; the investors tend to diversify and more private enterprises go abroad. 2016 marks the 25th anniversary of the establishment of dialogue relations between China and ASEAN. During the "Diamond decade" of bilateral cooperation, along with the development strategy of "Belt and Road" launched by the government, China's direct investment in ASEAN is facing unprecedented opportunities in history. There are some problems in China's direct investment in ASEAN: there are country differences, uneven distribution of industries, small overall scale and low proportion in China, which restricts the further development of investment. In this paper, the panel data of ASEAN countries from 2003-2015 are used to study the influence of ASEAN economic system on China's direct investment in ASEAN, based on the perspective of economic system, and the gravity model is used to investigate the impact of ASEAN economic system on China's direct investment. The empirical results show that there is a significant impact. Among them, anti-corruption system, business system, trade system, investment system and financial system have a positive impact on the scale of China's direct investment in ASEAN: strict economic laws and regulations of ASEAN countries, A good business environment, an open investment market provides a good business environment for the production and development of multinational enterprises in our country, thus expanding the scale of investment; the government expenditure control system has a negative impact: government expenditure promotes economic growth, The influence of the monetary system is not significant: the host country's monetary system is not the main consideration factor of China's investment in ASEAN countries. This paper also adopts the stepwise regression analysis method of Hendry "General to Special". The comparative economic sub-system has a strong and weak impact on China's direct investment in ASEAN, among which the most influential is the government-controlled expenditure system, followed by the anti-corruption system, the financial system, the business system, the trade system, and the investment system. Finally, according to the results of the study, the paper puts forward some suggestions, government level: to build an information service system for investment in ASEAN, to strengthen the friendly and cooperative relations between China and ASEAN, and to vigorously support the development and construction of ASEAN Community. Strengthen and establish the safeguard system of multinational enterprises; Enterprise level: systematic investigation of ASEAN economic system and market, strengthening cooperation with ASEAN Chinese businessmen and Chinese, diversification of investment in ASEAN countries and fields, improvement of multinational enterprise system and management system.
【学位授予单位】：西南大学
【学位级别】：硕士
【学位授予年份】：2017
【分类号】：F832.6

【参考文献】