中国OFDI化解过剩产能的机理及效应研究

发布时间：2018-06-22 16:36

本文选题：对外直接投资 + 产能过剩　；参考：《山西财经大学》2017年硕士论文

【摘要】：近年来,我国经济高速增长,综合实力不断提升。然而,在经济总量增加的同时,我国重化工行业出现了一定程度的产能过剩,轻工业和新兴产业也面临着同样的问题。通过对外直接投资转移国内夕阳产业、促进新兴产业成长、关联和辐射产业发展,成为化解产能过剩重要的方式,也是实施“走出去”战略和“一带一路”战略等重大战略的需求。本文分析了对外直接投资对过剩产能的化解机制:企业开拓国际市场进行对外直接投资,在投资过程中将目前产能过剩的产业转移出去;在对外投资过程中为了适应国际经营环境和消费需求,倒逼企业提高技术水平和效率,从而促进母国的技术创新和产品创新,提高母国企业的生产率和产能利用率,最终化解产能过剩。在对外直接投资过程中也会产生出口贸易关联效应,带动母国产品和原材料的出口,扩大母国过剩产能的输出。另外,金融市场的快速发展和较低的融资成本可以刺激产能过剩企业积极进行对外直接投资,将目前的过剩产能进行有效转移。进一步,本文通过统计描述等方法对我国产能过剩和对外直接投资的现状进行分析,并选取相关指标测算产能利用率来衡量产能过剩。然后,本文分别对全国、东部、中部和西部地区的动态面板数据进行实证分析和稳健性检验。结果显示,对外直接投资能够有效化解过剩产能。出口的扩大与对外直接投资的双重作用可以有效提高产能利用率。金融效率的提高和对外直接投资的双重作用也有利于化解过剩产能,高速的金融市场运作效率促进了资金的有效配置,为对外直接投资的技术溢出提供了保障,进一步促进我国过剩产能的有效化解。结合上述机理分析和实证检验,本文提出以下政策建议:加大对外直接投资;实施差异化对外直接投资政策;推进重点产业国际产能合作;提高金融效率;加强风险防控。
[Abstract]:In recent years, our country economy grows at a high speed, the comprehensive strength rises ceaselessly. However, at the same time, the heavy chemical industry in China has a certain degree of overcapacity, light industry and emerging industries are also facing the same problems. The transfer of domestic sunset industries through foreign direct investment to promote the growth of emerging industries and the development of associated and radiation industries has become an important way to resolve overcapacity. Is also the implementation of "going out" strategy and "Belt and Road" strategy and other major strategy needs. This paper analyzes the mechanism of overcapacity solved by foreign direct investment (FDI): enterprises open up the international market for FDI and transfer the overcapacity industries in the process of investment; In the process of outward investment, in order to adapt to the international business environment and consumer demand, enterprises are forced to improve their technological level and efficiency, thus promoting technological innovation and product innovation in their home countries, and increasing their productivity and productivity utilization. The ultimate solution to overcapacity. In the process of foreign direct investment, there will also be export trade correlation effect, which will lead to the export of home country's products and raw materials, and expand the output of overcapacity of home country. In addition, the rapid development of financial markets and lower financing costs can stimulate overcapacity enterprises to actively carry out foreign direct investment and transfer the current excess capacity effectively. Furthermore, this paper analyzes the current situation of overcapacity and foreign direct investment in China by means of statistical description, and selects relevant indicators to measure capacity utilization ratio to measure overcapacity. Then, the dynamic panel data of the whole country, the east, the middle and the west are analyzed and tested. The results show that foreign direct investment can effectively eliminate excess capacity. The expansion of exports and the dual role of foreign direct investment can effectively improve capacity utilization. The improvement of financial efficiency and the dual role of foreign direct investment are also conducive to the solution of excess capacity. The high efficiency of financial market operation promotes the effective allocation of funds and provides a guarantee for technology spillover of foreign direct investment. Further promote the effective solution of China's excess capacity. Combined with the above mechanism analysis and empirical test, this paper puts forward the following policy recommendations: increase foreign direct investment; implement differentiated foreign direct investment policy; promote international capacity cooperation in key industries; improve financial efficiency; strengthen risk prevention and control.
【学位授予单位】：山西财经大学
【学位级别】：硕士
【学位授予年份】：2017
【分类号】：F125

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