多维距离对中国企业OFDI区位选择的影响——基于“海上丝绸之路”沿线国家的实证分析
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摘要
基于2003—2016年中国对"海上丝绸之路"28个沿线国家OFDI(对外直接投资)的面板数据,分析了以地理、政治、经济与技术距离四个维度为主要内涵的多维距离对中国企业在"海上丝绸之路"沿线国家OFDI区位选择的影响。结果表明:地理距离与我国企业在"海上丝绸之路"沿线国家OFDI规模有显著的正向关系,政治距离、经济距离与中国企业OFDI呈U型关系,而技术距离与中国企业OFDI之间呈倒U型关系。
Based on the panel data that records China's outward foreign direct investment(OFDI)in countries along the maritime silk road during 2003-2016,the paper analyzed the influence of the multidimensional distances-geography,politics,economy,and technology-on Chinese businesses' OFDI location choice. The study finds:the geographical distance has a positive relationship with Chinese businesses in OFDI scales;the political and economic distances present a U-shaped relationship with their OFDI;and the technological distance presents an inverted U-shaped relationship with their OFDI.
Based on the panel data that records China's outward foreign direct investment(OFDI)in countries along the maritime silk road during 2003-2016,the paper analyzed the influence of the multidimensional distances-geography,politics,economy,and technology-on Chinese businesses' OFDI location choice. The study finds:the geographical distance has a positive relationship with Chinese businesses in OFDI scales;the political and economic distances present a U-shaped relationship with their OFDI;and the technological distance presents an inverted U-shaped relationship with their OFDI.
引文
[1]贾益民,许培源.海丝蓝皮书[M].北京:社会科学文献出版社,2017.
[2]吉生保,李书慧,马淑娟.中国对“一带一路”国家OFDI的多维距离影响研究[J].世界经济研究,2018(1).
[3] BERRY H,GUIIéN M F,ZHOU N. An Institutional Approach to Cross-National Distance,Journal of International Business Studies,2010(9).
[4] DOW D,KARUNARATNA A. Developing A Multidimensional Instrument to Measure Psychic Distance Stimuli[J]. Journal of International Business Studies,2006(5).
[5] LANKHUIZEN M,DEGROOT H L F. LINDERS G M. The Trade-Off between Foreign Direct Investments and Exports:The Role of Multiple Dimensions of Distance[J]. The World Economy,2011(8).
[6] BAILEY N,LI S. Cross-National Distance and FDI:The Moderating Role of Host Country Local Demand[J]. Journal of International Management,2015(4).
[7]李文宇,刘洪铎.多维距离视角下的“一带一路”构建——空间、经济、文化与制度[J].国际经贸探索,2016,32(6).
[8]刘晓凤,葛岳静,赵亚博.国家距离与中国企业在“一带一路”投资区位选择[J].经济地理,2017,37(11).
[9]陈衍泰,范彦成,汤临佳,等.开发利用型海外研发区位选择的影响因素——基于国家距离视角[J].科学学研究,2018,36(5).
[10] GAO T. Foreign Direct Investment in China:How Big are the Roles of Culture and Geography[J].Pacific Economic Review,2005,10(2).
[11] BLONIGEN B A,DAVIES R B,WADDELL G R. FDI in Space:Spatial Autoregressive relationships in Foreign Direct Investment[J]. European Economic Review,2007,51(5).
[12] KRUGMAN P. Increasing Returns and Economic Geography[J]. Journal of Political Economy,1991,99(3).
[13] LY A,ESPERANCA J,DAVCIK N S. What Drives Foreign Direct Investment:The Role of Language,Geographical Distance,Information Flows and Technological Similarity[J]. Journal of Business Research,2018,88(7).
[14]阮翔,赵建华.从引力空间模型看对外直接投资区位选择[J].世界经济研究,2004(2).
[15]衣长军,刘晓丹,陈初昇.海外华商网络、多维距离对我国企业OFDI区位选择的影响研究[J].国际商务(对外经济贸易大学学报),2016(6).
[16]邸玉娜,由林青.中国对“一带一路”国家的投资动因、距离因素与区位选择[J].中国软科学,2018(2).
[17]黄玖立,周泽平.多维度距离下的中国文化产品贸易[J].产业经济研究,2015(5).
[18] CUI L,HE X. Expanding Near the Home Base or Venture Far? The Influence of Home Country State on the Economic Distance of Foreign Direct Investments[J]. Journal of Business Research,2017(75).
[19]陈岩,翟瑞瑞,郭牛森.基于多元距离视角的中国对外直接投资决定因素研究[J].系统工程理论与实践,2014,34(11).
[20] ELANGO B,LAHIRI S,KUNDU S K. How does Frm Experience and Institutional Distance Impact Ownership Choice in High-Technology Acquisitions[J]. R&D Management,2013,43(5).
[21]王庆喜,徐维祥.多维距离下中国省际贸易空间面板互动模型分析[J].中国工业经济,2014(3).
[22] DUNNING J H. Location and the Multinational Enterprise:A Neglected Factor[J]. Journal of International Business Studies,1998,29(1).
[23]谭秀杰,周茂荣. 21世纪“海上丝绸之路”贸易潜力及其影响因素——基于随机前沿引力模型的实证研究[J].国际贸易问题,2015(2).
[24]毛艳华,杨思维. 21世纪海上丝绸之路贸易便利化合作与能力建设[J].国际经贸探索,2015,1(4).
[25]赵旭,王晓伟,周巧琳.海上丝绸之路战略背景下的港口合作机制研究[J].中国软科学,2016(12).
[26]綦建红,杨丽.中国OFDI的区位决定因素——基于地理距离与文化距离的检验[J].经济地理,2012,32(12).
[27] ANDERSON J E. A Theoretical Foundation for the Gravity Equation[J]. The American Economic Review,1979,69(1).
[28]万伦来,高翔.文化、地理与制度三重距离对中国进出口贸易的影响——来自32个国家和地区进出口贸易的经验数据[J].国际经贸探索,2014,30(5).
[29] CARR D L,MARKUSEN J R,MASKUS K E. Estimating the Knowledge-Capital Model of the Multinational Enterprise[J]. American Economic Review,2001,91(3).
(1)EIA官网:https://www. eia. gov/。
(2)政治距离数据来源:http://lauder. wharton. upenn. edu/ciber/faculty_research. asp。
(1)世界知识产权组织(WIPO):https://www. wipo. int/portal/en/
(1)与中国签订BIT的国家:http://investmentpolicyhub. unctad. org/IIA/CountryBits/42#iiaInnerMenu。
[2]吉生保,李书慧,马淑娟.中国对“一带一路”国家OFDI的多维距离影响研究[J].世界经济研究,2018(1).
[3] BERRY H,GUIIéN M F,ZHOU N. An Institutional Approach to Cross-National Distance,Journal of International Business Studies,2010(9).
[4] DOW D,KARUNARATNA A. Developing A Multidimensional Instrument to Measure Psychic Distance Stimuli[J]. Journal of International Business Studies,2006(5).
[5] LANKHUIZEN M,DEGROOT H L F. LINDERS G M. The Trade-Off between Foreign Direct Investments and Exports:The Role of Multiple Dimensions of Distance[J]. The World Economy,2011(8).
[6] BAILEY N,LI S. Cross-National Distance and FDI:The Moderating Role of Host Country Local Demand[J]. Journal of International Management,2015(4).
[7]李文宇,刘洪铎.多维距离视角下的“一带一路”构建——空间、经济、文化与制度[J].国际经贸探索,2016,32(6).
[8]刘晓凤,葛岳静,赵亚博.国家距离与中国企业在“一带一路”投资区位选择[J].经济地理,2017,37(11).
[9]陈衍泰,范彦成,汤临佳,等.开发利用型海外研发区位选择的影响因素——基于国家距离视角[J].科学学研究,2018,36(5).
[10] GAO T. Foreign Direct Investment in China:How Big are the Roles of Culture and Geography[J].Pacific Economic Review,2005,10(2).
[11] BLONIGEN B A,DAVIES R B,WADDELL G R. FDI in Space:Spatial Autoregressive relationships in Foreign Direct Investment[J]. European Economic Review,2007,51(5).
[12] KRUGMAN P. Increasing Returns and Economic Geography[J]. Journal of Political Economy,1991,99(3).
[13] LY A,ESPERANCA J,DAVCIK N S. What Drives Foreign Direct Investment:The Role of Language,Geographical Distance,Information Flows and Technological Similarity[J]. Journal of Business Research,2018,88(7).
[14]阮翔,赵建华.从引力空间模型看对外直接投资区位选择[J].世界经济研究,2004(2).
[15]衣长军,刘晓丹,陈初昇.海外华商网络、多维距离对我国企业OFDI区位选择的影响研究[J].国际商务(对外经济贸易大学学报),2016(6).
[16]邸玉娜,由林青.中国对“一带一路”国家的投资动因、距离因素与区位选择[J].中国软科学,2018(2).
[17]黄玖立,周泽平.多维度距离下的中国文化产品贸易[J].产业经济研究,2015(5).
[18] CUI L,HE X. Expanding Near the Home Base or Venture Far? The Influence of Home Country State on the Economic Distance of Foreign Direct Investments[J]. Journal of Business Research,2017(75).
[19]陈岩,翟瑞瑞,郭牛森.基于多元距离视角的中国对外直接投资决定因素研究[J].系统工程理论与实践,2014,34(11).
[20] ELANGO B,LAHIRI S,KUNDU S K. How does Frm Experience and Institutional Distance Impact Ownership Choice in High-Technology Acquisitions[J]. R&D Management,2013,43(5).
[21]王庆喜,徐维祥.多维距离下中国省际贸易空间面板互动模型分析[J].中国工业经济,2014(3).
[22] DUNNING J H. Location and the Multinational Enterprise:A Neglected Factor[J]. Journal of International Business Studies,1998,29(1).
[23]谭秀杰,周茂荣. 21世纪“海上丝绸之路”贸易潜力及其影响因素——基于随机前沿引力模型的实证研究[J].国际贸易问题,2015(2).
[24]毛艳华,杨思维. 21世纪海上丝绸之路贸易便利化合作与能力建设[J].国际经贸探索,2015,1(4).
[25]赵旭,王晓伟,周巧琳.海上丝绸之路战略背景下的港口合作机制研究[J].中国软科学,2016(12).
[26]綦建红,杨丽.中国OFDI的区位决定因素——基于地理距离与文化距离的检验[J].经济地理,2012,32(12).
[27] ANDERSON J E. A Theoretical Foundation for the Gravity Equation[J]. The American Economic Review,1979,69(1).
[28]万伦来,高翔.文化、地理与制度三重距离对中国进出口贸易的影响——来自32个国家和地区进出口贸易的经验数据[J].国际经贸探索,2014,30(5).
[29] CARR D L,MARKUSEN J R,MASKUS K E. Estimating the Knowledge-Capital Model of the Multinational Enterprise[J]. American Economic Review,2001,91(3).
(1)EIA官网:https://www. eia. gov/。
(2)政治距离数据来源:http://lauder. wharton. upenn. edu/ciber/faculty_research. asp。
(1)世界知识产权组织(WIPO):https://www. wipo. int/portal/en/
(1)与中国签订BIT的国家:http://investmentpolicyhub. unctad. org/IIA/CountryBits/42#iiaInnerMenu。