“一带一路”东道国要素禀赋、制度环境对中国对外经贸合作方式及区位选择的影响
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摘要
文章基于投资诱发要素组合理论和贸易要素禀赋论,实证研究了2010～2015年中国对"一带一路"沿线国家经贸合作方式及区位选择与东道国要素禀赋和制度环境的关系。在考虑时间和地区固定效应后,研究结果显示,东道国技术要素禀赋与各种经贸合作方式都表现出显著的负相关关系,自然资源禀赋则对各种经贸合作方式都具有显著的正向影响,而劳动力禀赋会显著促进中国对外直接投资。而在制度环境方面,对外商限制程度越低、产权法制保护越宽松、政府腐败程度越高的地区对要素禀赋和经贸合作方式越具有显著的正向调节效应。
Based on the theory of investment induced factor combination and trade factor endowment,this paper studies the relationship between the mode and location selection of economic and trade cooperation overseas and the factor endowment and institutional environment of host countries in 2010～2015.After considering the time and regional fixed effect,the results show that there is a significant negative correlation between technical factor endowments of the host countries and the various modes of economic and trade cooperation,while natural resource endowments are completely the opposite;labor endowments will only significantly promote OFDI.In the aspect of regulatory effect of the institutional environment,the lower the degree of foreign trade restriction,the looser the protection of property rights law and the higher the degree of government corruption,the more significant moderating effect of the relationship between factor endowments and economic and trade cooperation modes.The research is of great significance for Chinese enterprises to make ivestment choice in trade modes according to local conditions in the area of "One Baelt One Road".
Based on the theory of investment induced factor combination and trade factor endowment,this paper studies the relationship between the mode and location selection of economic and trade cooperation overseas and the factor endowment and institutional environment of host countries in 2010～2015.After considering the time and regional fixed effect,the results show that there is a significant negative correlation between technical factor endowments of the host countries and the various modes of economic and trade cooperation,while natural resource endowments are completely the opposite;labor endowments will only significantly promote OFDI.In the aspect of regulatory effect of the institutional environment,the lower the degree of foreign trade restriction,the looser the protection of property rights law and the higher the degree of government corruption,the more significant moderating effect of the relationship between factor endowments and economic and trade cooperation modes.The research is of great significance for Chinese enterprises to make ivestment choice in trade modes according to local conditions in the area of "One Baelt One Road".
引文
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[19]董有德,孟醒.OFDI、逆向技术溢出与国内企业创新能力---基于我国分价值链数据的检验[J].国际贸易问题,2014(9):120-129.
[20]杜江,宋跃刚.制度距离、要素禀赋与我国OFDI区位选择偏好---基于动态面板数据模型的实证研究[J].世界经济研究,2014(12):47-52.
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[23]吕荣杰,张冰冰,张义明.我国对外承包工程与出口贸易关系研究---基于VAR模型的脉冲响应与方差分解[J].国际商务,2018(04):46-57.
[24]潘镇.制度质量、制度距离与进出口贸易[J].中国工业经济,2006(7):45-52.
[25]潘镇,金中坤.双边政治关系、东道国制度风险与中国对外直接投资[J].财贸经济,2015,36(6):85-97.
[26]魏浩,何晓琳,赵春明.制度水平、制度差距与发展中国家的对外贸易发展---来自全球31个发展中国家的国际经验[J].南开经济研究,2010(5):18-34.
[27]王政.中国海外承包工程风险及防范[J].国际经济合作,2011(10):24-27.
[28]王文治,扈涛.中国对外承包工程投资区位的决定因素---基于“亚非拉”国家的经验研究[J].世界经济研究,2014(7):67-73.
[29]肖文,周君芝.国家特定优势下的中国OFDI区位选择偏好---基于企业投资动机和能力的实证检验[J].浙江大学学报人文社会科学版,2014,44(1):184-196.
[30]许家云,周绍杰,胡鞍钢.制度距离、相邻效应与进出口贸易---基于“一带一路”国家空间面板模型的实证分析[J].财经研究,2017,43(1):75-85.
[31]熊华平,迟成成,田勇.中国建筑业对外经济合作与产业增长研究[J].中国软科学,2013(2):175-183.
[32]宗芳宇,路江涌,武常岐.双边投资协定、制度环境和企业对外直接投资区位选择[J].经济研究,2012(5):71-82.
[33]朱新鑫,李豫新.中国与中亚五国农产品贸易竞争性和互补性分析[J].国际经贸探索,2011(3):17-22.
[34]周经,蔡冬青.企业微观特征、东道国因素与中国OFDI模式选择[J].国际贸易问题,2014(2):124-134.
(1)数据来源于中国商务部“走出去”公共服务平台。
(1)信息来源于中国国家统计局对外经济贸易数据库指标备注,网址http://data.stats.gov.cn/index.htm。
(1)基于数据可得性,本文将战略资产(如矿石、能源、稀有金属等)统一归类到自然资源禀赋大类中。
[2]Bakr A F,Hagla K E,Rawash A N A..Heuristic approach for risk assessment modeling:EPCCM application(Engineer Procure Construct Contract Management)[J].Alexandria Engineering Journal,2012,51(4):305-323.
[3]Buckley P J,Clegg L J,Cross A R..Erratum:The determinants of Chinese outward foreign direct investment[J].Journal of International Business Studies,2009,40(2):353-354.
[4]Chen B..Trade Variety and Productivity in Canada[J].Review of Development Economics,2013,17(3):414-429.
[5]Cuervo-Cazurra A,Genc M..Transforming disadvantages into advantages:developing-country MNEs in the least developed countries[J].Journal of International Business Studies,2008,39(6):957-979.
[6]Chuan Chen,John I..Messner.Entry mode taxonomy for international construction markets[J].Journal of Management in Engineering,2009,25(1):3-11.
[7]Deng P..Outward investment by Chinese MNCs:Motivations and implications[J].Business Horizons,2004,47(3):8-16.
[8]Globerman S,Shapiro D..Global Foreign Direct Investment Flows:The Role of Governance Infrastructure[J].World Development,2002,30(11):1899-1919.
[9]Hahn C H,Park C G..Learning-by-exporting and Plant Characteristics:Evidence from Korean Plant-level Data[J].Korea&the World E-conomy,2010,11:459-492.
[10]Kolstad I,Wiig A..What determines Chinese outward FDI?[J].Journal of World Business,2012,47(1):26-34.
[11]Kogut B,Chang S J..Technological Capabilities and Japanese Foreign Direct Investment in the United States[J].Review of Economics&Statistics,1991,73(3):401-413.
[12]Meyer K E,Nguyen H V..Foreign Investment Strategies and Sub-national Institutions in Emerging Markets:Evidence from Vietnam[J].Journal of Management Studies,2005,42(1):63-93.
[13]Piger B A B J..Determinants of Foreign Direct Investment[J].Canadian Journal of Economics/revue CanadienneDéconomique,2014,47(3):775-812.
[14]P9yh9nen P..A Tentative Model for the Volume of Trade between Countries[J].Weltwirtschaftliches Archiv,1963,90:93-100.
[15]Ramasamy B,Yeung M,Laforet S..China's outward foreign direct investment:Location choice and firm ownership[J].Journal of World Business,2012,47(1):17-25.
[16]陈勇强,卓瑞,王秀芹.中国对外承包工程劳务属地化策略研究[J].中国软科学,2014(12):104-111.
[17]陈建军,肖晨明.中国与东盟主要国家贸易互补性比较研究[J].世界经济研究,2004(8):22-28.
[18]蔡阔,邵燕敏,何菊香.对外承包工程对中国对外直接投资的影响---基于分国别面板数据的实证研究[J].管理评论,2013,25(9):21-28.
[19]董有德,孟醒.OFDI、逆向技术溢出与国内企业创新能力---基于我国分价值链数据的检验[J].国际贸易问题,2014(9):120-129.
[20]杜江,宋跃刚.制度距离、要素禀赋与我国OFDI区位选择偏好---基于动态面板数据模型的实证研究[J].世界经济研究,2014(12):47-52.
[21]韩永辉,罗晓斐,邹建华.中国与西亚地区贸易合作的竞争性和互补性研究---以“一带一路”战略为背景[J].世界经济研究,2015(3).
[22]林治洪,陈岩,秦学志.中国对外投资决定因素---基于整合资源观与制度视角的实证分析[J].管理世界,2012(8):165-166.
[23]吕荣杰,张冰冰,张义明.我国对外承包工程与出口贸易关系研究---基于VAR模型的脉冲响应与方差分解[J].国际商务,2018(04):46-57.
[24]潘镇.制度质量、制度距离与进出口贸易[J].中国工业经济,2006(7):45-52.
[25]潘镇,金中坤.双边政治关系、东道国制度风险与中国对外直接投资[J].财贸经济,2015,36(6):85-97.
[26]魏浩,何晓琳,赵春明.制度水平、制度差距与发展中国家的对外贸易发展---来自全球31个发展中国家的国际经验[J].南开经济研究,2010(5):18-34.
[27]王政.中国海外承包工程风险及防范[J].国际经济合作,2011(10):24-27.
[28]王文治,扈涛.中国对外承包工程投资区位的决定因素---基于“亚非拉”国家的经验研究[J].世界经济研究,2014(7):67-73.
[29]肖文,周君芝.国家特定优势下的中国OFDI区位选择偏好---基于企业投资动机和能力的实证检验[J].浙江大学学报人文社会科学版,2014,44(1):184-196.
[30]许家云,周绍杰,胡鞍钢.制度距离、相邻效应与进出口贸易---基于“一带一路”国家空间面板模型的实证分析[J].财经研究,2017,43(1):75-85.
[31]熊华平,迟成成,田勇.中国建筑业对外经济合作与产业增长研究[J].中国软科学,2013(2):175-183.
[32]宗芳宇,路江涌,武常岐.双边投资协定、制度环境和企业对外直接投资区位选择[J].经济研究,2012(5):71-82.
[33]朱新鑫,李豫新.中国与中亚五国农产品贸易竞争性和互补性分析[J].国际经贸探索,2011(3):17-22.
[34]周经,蔡冬青.企业微观特征、东道国因素与中国OFDI模式选择[J].国际贸易问题,2014(2):124-134.
(1)数据来源于中国商务部“走出去”公共服务平台。
(1)信息来源于中国国家统计局对外经济贸易数据库指标备注,网址http://data.stats.gov.cn/index.htm。
(1)基于数据可得性,本文将战略资产(如矿石、能源、稀有金属等)统一归类到自然资源禀赋大类中。