| 摘要: |
| 东道国基础设施是影响外商直接投资的重要因素。“一带一路”沿线国家的基础设施水平参差不齐,会对中国企业“走出去”对外直接投资(OFDI)产生直接影响。使用UC模型测算东道国的交通、能源、通信和综合基础设施发展指数,构建面板模型和空间杜宾模型来实证检验“一带一路”沿线国家基础设施对中国OFDI的直接影响和空间溢出效应。研究发现,中国在“一带一路”沿线国家的OFDI整体上存在基础设施偏好,说明了“设施联通”对拉动投资的基础作用；此外,基础设施空间溢出效应显著,相邻国家综合基础设施、交通和通信都能够通过扩散效应拉动中国OFDI流入东道国,突出了国家间“政策沟通”的必要性；基础设施对直接投资的影响在不同收入水平国家间存在显著差异,说明不同国家基础设施建设重点不同。最后,分别从企业、东道国和中国政府角度出发,对提高“一带一路”沿线基础设施互联互通水平和促进中国OFDI提出建议。 |
| 关键词: OFDI 基础设施 UC模型 空间溢出效应 “一带一路” |
| DOI：10.13216/j.cnki.upcjess.2023.02.0008 |
| 分类号:F125；F224 |
| 基金项目:国家社会科学基金面上项目(19BJL091) |
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| An Empirical Study on the Impact of Infrastructure in the Countries along the "Belt and Road" on China 's OFDI Inflows |
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LI Jian, XIE Yuyang, JIANG Bao
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(School of Economics, Ocean University of China, Qingdao 266100, Shandong, China )
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| Abstract: |
| The infrastructure of host countries is an important factor that affects FDI. However, the infrastructure level of the countries along the "Belt and Road" is uneven, which has a direct impact on Chinese enterprises OFDI in the process of "going global". In this paper, the unobservable components model (UCM) is used to measure the transportation, energy, communication and overall infrastructure development index of host countries, and the panel and the spatial Durbin models are constructed to empirically test the direct and spatial spillover effect of the infrastructure in the countries along the "Belt and Road" on China 's OFDI. The results reveal that China 's OFDI on the "Belt and Road" has an overall preference for infrastructure, indicating the fundamental role of "connectivity of infrastructure" in stimulating investment. In addition, the spatial spillover effect of infrastructure is significant, and the infrastructure, transportation, and communication of neighboring countries can make China 's OFDI flow into the host country through the diffusion effect, which highlights the necessity of "policy communication" between countries. There are significant differences in the impact of infrastructure on direct investment among countries with different income levels, indicating that different countries have different focuses of infrastructure construction. Finally, from the perspectives of enterprises, host countries and the Chinese government, this paper respectively puts forward policy suggestions for improving the level of infrastructure connectivity along the "Belt and Road" and promoting China 's OFDI. |
| Key words: OFDI infrastructure unobservable component model (UCM) spatial spillover effects the "Belt and Road" 英文编校:马志强 |
