投资国特征及其对华投资强度的研究

3,,,::,3:FacultyofEconomicsGroningenUniversityP.O.Box8009700AVGroningenTheNetherlands:[e-mail]:0031-503637292.:(1)(Zhang,2001a;BerthelemyandDemurger,2000;YoungandLan,1997);(2)(Zhang,2001b;Dees,1998;WangandSwain,1995);(3)(LeeandCheong,1999;Lou,2001;Zhang,2000),,,,2001,,9.45%18.4%,,,,,,,,(FDIII)Kojima(1968):,,,,,,,,,,()61140023,,,,AjamiBarNiv(1984)Brainard(1993)KougutSingh(1988)GrosseTrevino(1996),:,,Linnemann(1966),:,;,;,,GDP,,,11,,,Brenton(1996)Clegg(1998)Dunning(1997),McKinney(1999),,,,,H1:21,,,,,,,H2a:,H2b:,31,,,,,,H3:71140023,,41Lou(2001)DixonNewman(1998)Wong(1999),,,H4:51Linder(1961),,,,,,(Teece,1977;Davidson,1980)(Lecraw,1977;Lall,1983),H5:61Swedenborg(19791985)LipseyWeiss(1981)Pearce(1990)Sun(19992001)WeiLiuParkerVaidya(1999),,(Horst,1972),,,(JohansonandVahlne,1977),,()Chen(1996)WeiLiuParkerVaidya(1999),,,:H6:71,,,,,(Culem,1988;lunn,1980;Markusen,1998;Chakrabarti,2001;HeinrichandKonan,2000),,,,,,,,,,,H7:81140023()11:FDIII=AcöCAöW,FDIII,AcA,C,AA,WFDIII1,,FDIII1,FDIII1,21(INTE)0-1,1,0:(EU)(NAFTA)(ASEAN)(MERCOSUR)(DIPL)(POLI)DIPL(1999)POLI0-1,0,1,DIST,0,1,2,3,4,CHIN(PGDP):PGDP=(PGDPinvest-PGDPchina)öPGDPchinaGDP(EDUC):EDUC=(EDUCinvest-EDUCchina)öEDUCchina(STRU)(III),:STRU=(IIIchina-IIIinvestor)öIIIchina,(EXTII)(IMTII)(TARI)(),(White’sheteroskedasticitytest),,PGDP,PGDP,PGDP,:PGDPTARI:logFDIII=B0+B1INTE+B2DIPL+B3POLI+B4DIST+B5CHIN+B6PGDP+B7EDUC+B8STRU+B9EXTII+B10IMTII+B11TARI+B12TARIPGDP+E()4591140023,,0.5,exTIcf=xcfömfxcö(mw-mc),imTIcf=mcföxfmcö(xw-xc)III=1-(ö):,1996-19991;,4589%(),1996-1999(http:öö)19991999(2001)45(1)(R2)0.6780.6960.698,1%F,(POLI)(CHIN)(EXTII)(TARI),1%,H2bH4H6H7,1%,H3,10%5%5%,,,H5EDUCPGDP,,,,H5DIPLINTE,H2aH1,1%PGDP,PGDPTARI45,,,20,,,,,,Linder,,,,,,,,(),02140023(ZhangandEbbers,2002)20002001,1123BtBtBt-1.24-1.11-1.01-1.14-1.25-1.59INTE0.200.35DIPL0.002-0.12POLI2.09332.661.953332.941.873332.90DIST0.683333.080.643333.630.743335.18CHIN0.253333.720.253333.890.253334.13PGDP-0.05-0.50-0.04-0.47EDUC-0.16-0.97-0.18-1.26-0.17-1.22STRU2.3431.782.49332.122.3133-2.37EXTII0.473333.130.453333.480.493333.87IMTII0.321.110.311.19TARI0.913333.050.903333.420.873333.32TARIGDP-0.82333-3.20-0.80333-3.54-0.74333-3.36R20.6780.6960.698454545F8.7311.0713.72:310%,335%,3331%:Ajami,R.A.andBarNiv,R.UtilizingEconomicIndicatorsinExplainingForeignDirectInvestmentintheU.S.ManagementInternationalReview,1984,Vol.24(4):pp.16-26.Berthelemy,J.andDemurger,S.ForeignDirectInvestmentandEconomicGrowth:TheoryandApplicationtoChina.ReviewofDevelopmentEconomics,2000,Vol.4(2),pp.140-155.Brainard,S.L.AnEmpiricalAssessmentoftheFactorProportionsExplanAtionofMultinationalSales.NBERworkingpaper,1993,No.4583.Washington,D.C.Brenton,P.TheImpactoftheSingleMarketonForeignDirectInvestmentintheEU,ReportforDGII,EuropeanCommission,1996.Chakrabarti,A.TheDeterminantsofForeignDirectInvestments:SensitivityAnalysesofCross2CountryRegressions.Kyklos,2001,Vol.54,pp.89-114.Chen,C.RecentDevelopmentsinForeignDirectInvestmentinChina.Workingpaper,1996,Adelaide:UniversityofAdelaide.Clegg,J.TheDeterminantsofIntra2EuropeanForeignDirectInvestmentFlows:MarketIntegrationandPolicyIssues.JournalofTransnationalManagementDevelopment,1998,Vol.3,Issue3-4,pp.89-129.Culem,C.G.TheLocationalDeterminantsofDirectInvestmentAmongIndustrializedCountries.EuropeanEconomicReview,1988,Vol.32,pp.885-904.Davidson,W.H.TheLocationofForeignDirectInvestmentActivity:CountryCharacteristicsandExperienceEffects.JournalofInternationalBusinessStudies,1980.Vol.11,pp.9-22.Dees,S.ForeignDirectInvestmentinChina:DeterminantsandEffects.EconomicsofPlanning,1998,Vol.31,pp.175-194.Dixon,J.andNewman,D.EnteringtheChineseMarket,QuorumBooks,1998.Dunning,J.H.TheEuropeanInternalMarketProgrammeandInboundForeignDirectInvestment.JournalofCommonMarketStudies,March1997,Vol.35,Issue1,pp.1-30.Grosse,R.andTrevino,L.J.ForeignDirectInvestmentintheUnitedStates:AnAnalysisbyCountryofOrigin.12140023JournalofInternationalBusinessStudies,1996,Vol.27,Issue1,pp.139-155.Heinrich,J.andKonan,D.E.ForeignDirectInvestmentandHost2CountryTradingBlocs.JournalofEconomicIntegration,2000,Vol.15,Issue4,pp.565-584.HorstT.FirmandIndustryDeterminantsoftheDecisiontoInvestAbroad:AnEmpiricalStudy.ReviewofEconomicsandStatistics,1972,Vol.54,pp.258-266.Johanson,J.andVahlne,J.TheInternationalizationProcessoftheFirmAModelofKnowledgeDevelopmentandIncreasingForeignMarketCommitments.JournalofInternationalBusinessStudies,Spr.2Summer1977,Vol.8,Issue1,pp.23-32.Kougut,B.andSingh,Harbir.TheEffectofNationalCultureontheChoiceofEntryMode.JournalofInternationalBusinessStudies,1988,Vol.19,Issue3,pp.411-432.Kojima,K.PacificTradeandDevelopment.TheJapanEconomicsResearchCenter,paper,1968,No,9.Lall,S.TheNewMultinationals:TheSpreadofThirdWorldEnterprises,Chicester:JohnWiley,1983.Lecraw,D.J.DirectInvestmentbyFirmsfromLessDevelopedCountries.OxfordEconomicPapers,1999,Vol.29,pp.442-457.Lee,D.Cheong,Y.ComparisonofFDIintoChinabetweenKoreanFirmsandEthnicChineseFirms.GlobalEconomicReview,1999,Vol.28,pp.28-53.Linder,S.B.AnEssayonTradeandTransform