中國在拉美直接投資的區(qū)位選擇及其影響因素實證分析
發(fā)布時間:2018-04-02 01:11
本文選題:中國企業(yè) 切入點:對外直接投資 出處:《復旦大學》2013年碩士論文
【摘要】:在經(jīng)濟全球化的條件下,自實行中國對外開放以來,對外直接投資已成為中國發(fā)展經(jīng)濟的重要途徑,作為中國第二直接投資目的地的拉美,無疑是世人矚目的,研究和解剖中國企業(yè)在拉美投資的動因,對中國企業(yè)在下一步再次投資是個重要參照指標。 本文首先借鑒國內(nèi)外學者的相關研究背景,以中國和拉美的經(jīng)貿(mào)合作關系和中國對外直接投資的情況作為基礎展開中國企業(yè)對拉美直接投資的情況來綜合考察,如中國對拉美的投資規(guī)模、投資區(qū)域分布、投資特點和模式等情況作為參考依據(jù)。 通過計量方式,構建模型和采用面板數(shù)據(jù)的GLS最新二乘估計方法,進行回歸分析,選用2003-2011年中國對拉美10個國家,即阿根廷、玻利維亞、巴西、智利、哥倫比亞、厄瓜多爾、墨西哥、秘魯、巴拿馬和委內(nèi)瑞拉等直接投資存量和流量進行回歸分析,中國對拉美投資的存量和流量受什么因素影響。 通過對中國在拉美投資的影響因素的實證研究,回歸結果得出以下結論:首先,中國在拉美國家投資與拉美市場規(guī)模(GDP)有負相關關系,即GDP越高,無論是存量和流量都越低;其次,中國對拉美的雙邊貿(mào)易具有正相關關系,中國與拉美的貿(mào)易額越大,中國對拉美投資就越多;再次,拉美吸收外資的存量和流量(FDIS、FDII)都影響中國對拉美投資的主要因素,起到正效應的影響;最后,政治風險(PR)和經(jīng)濟開放程度(OP)都是對中國在拉美國家投資的負效應影響因素,雖然模型變量的選擇有些不一樣,但根據(jù)調(diào)整后得出的回歸結果還是比較顯著的,這也說明本文采取的計量回歸模型還是很大的程度上解釋了中國對拉美投資的主要影響因素。 基于本文的定性和定量的研究分析結果后,本文再提出影響中國企業(yè)在拉美投資所面臨的問題和障礙以及提出中國企業(yè)在拉美投資的企業(yè)層面和政府層面的建議。
[Abstract]:Under the condition of globalization, since the implementation of Chinese opening up, foreign direct investment has become an important way to Chinese economic development, as China second direct investment destination in Latin America, is undoubtedly the world's attention, and the study motivation China anatomy of corporate investment in Latin America, the China investment again in the next step is a an important reference index.
This paper draws on relevant research background of domestic and foreign scholars, to Chinese and Latin American economic and trade cooperation between China and foreign direct investment as a basis for China enterprises to invest directly in Latin America to a comprehensive investigation, such as Chinese on Latin American investment scale, investment area distribution, investment characteristics and mode as reference.
Through the method of measurement, modeling and using the panel data of the latest GLS two by estimation method, regression analysis, using 2003-2011 years Chinese to 10 Latin American countries, namely Argentina, Bolivia, Brazil, Chile, Columbia, Ecuador, Mexico, Peru, Panama and Venezuela, regression analysis of direct investment stock and flow, Chinese investment in Latin America stock and flow affected by what.
Through an empirical study on the influencing factors of Chinese investment in Latin America, the result shows the following conclusions: firstly, China investment in Latin American countries and the Latin American market scale (GDP) have a negative correlation, namely the higher the GDP, both the stock and flow is low; secondly, Chinese bilateral trade on Latin America has positive correlation the relationship between the volume of trade, Chinese and Latin America more, Chinese investment in Latin America more; again, the Latin American foreign investment stock and flow (FDIS, FDII) are the main factors affecting the China investment in Latin America, has a positive impact effect; finally, political risk (PR) and the degree of openness (OP) are is the China factor in the negative effect of investment in Latin American countries, although the model variable choice is slightly different, but according to the regression results obtained after adjustment is obvious, it also shows that the measurement the regression model is great The main factors that affect China's investment in Latin America are explained in degree.
Based on the qualitative and quantitative research results, this paper puts forward the problems and obstacles that Chinese enterprises face in Latin American investment, and puts forward suggestions for Chinese enterprises to invest in Latin America at the corporate level and the government level.
【學位授予單位】:復旦大學
【學位級別】:碩士
【學位授予年份】:2013
【分類號】:F832.6;F125.5
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