影响对外直接投资因素的再检验

摘要

With the development of economic globalization and regional economic integration,more and more companies carry out international strategy.Foreign direct investment (FDI)has a growing influence on world economy.China′s FDI has achieved fast growth in recent 10 years and developed into a large-scale stage.And FDI is playing an increasingly important role in China′s e-conomic development.Different factors have different influence on FDI development.Based on the panel data model test,the paper makes an empirical analysis to explore relationship and causation between FDI development and influence factors.The test reveals that there was a positive correlation between GDP per capita and OFDI、IFDI and NOI;a negative correlation between exchange rate and IFDI;but the relationship between exchange rate and OFDI and NOI was not significant.Manufacturing industry average hourly wages and OFDI、IFDI and NOI were positively corelated.So was the relationship between institution and OFDI、IFDI and NOI.%随着经济全球化和区域经济一体化的不断深入，越来越多的企业参与国际生产经营，对外直接投资对全球经济的影响越来越大。近10年来，我国对外直接投资规模快速增长，我国逐渐发展到大规模对外直接投资阶段，对外直接投资对我国经济发展的作用愈发重要。FDI 的发展受各种因素的影响，但各因素的影响程度不一样。本文选取数据较全的18个国家利用面板数据模型对FDI与影响因素之间的关系进行检验，检验结果表明，OFDI、IFDI和NOI与人均GDP都正相关，IFDI与汇率负相关，但OFDI和NOI与汇率的关系不显著。OFDI、IFDI和NOI与制造业平均小时工资都正相关。OFDI、IFDI和NOI与制度都正相关。