统计研究 ›› 2019, Vol. 36 ›› Issue (8): 87-99.doi: 10.19343/j.cnki.11-1302/c.2019.08.007

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中国企业对外直接投资的出口效应——基于企业异质性视角的经验研究

闫周府等   

  • 出版日期:2019-08-25 发布日期:2019-08-25

China’s Outward Direct Investment and Export: Evidence based Study from the Perspective of Enterprise Heterogeneity

Yan Zhoufu et al.   

  • Online:2019-08-25 Published:2019-08-25

摘要: 本文使用2000-2007年中国境外投资企业(机构)名录和中国工业企业数据库的匹配数据,从企业异质性视角出发,给出了对外直接投资影响商品出口的经验证据。研究发现,我国企业对外直接投资总体促进了出口,但促进作用在异质性视角下存在明显差异。具体而言:①对外直接投资显著促进了中间品和消费品出口,对资本品出口的影响不确定;②水平型对外直接投资对商品出口的促进作用强于垂直型对外直接投资对商品出口的促进作用;③水平型对外直接投资对中间品和消费品出口均有显著的促进作用,对资本品出口的影响不确定,垂直型对外直接投资对中间品、消费品和资本品出口的影响均不确定;④水平型对外直接投资对劳动密集型、资本密集型和技术密集型商品出口均有显著的促进作用,垂直型对外直接投资对资本密集型和技术密集型商品出口均有显著的促进作用,对劳动密集型商品出口的影响不确定;⑤企业生产效率的提升,一定程度抑制了垂直型对外直接投资对出口的促进作用。

关键词: 对外直接投资, 企业异质性, 出口

Abstract: Based on the matching data of China’s overseas investment enterprises list and Chinese industrial enterprise database 2000-2007, the paper gives the empirical evidence of ODI affecting exports from the perspective of enterprise heterogeneity. The study finds that ODI has positive influence on export with considerable gaps. Specifically, ODI has positive influence on intermediate goods export and consumer goods export, while the influence on capital goods export is uncertain. H-ODI has a stronger positive influence than V-ODI for goods export. HODI has positive influence on intermediate goods export and consumer goods export, while V-ODI’s influence is uncertain for all goods export. H-ODI has positive influence on labor-intensive goods and technology-intensive goods as well as capital-intensive goods, while V-ODI has positive influence on technology-intensive goods and capital-intensive goods. The improvement of production efficiency has inhibited the positive influence of V-ODI for goods export.

Key words: Outward Direct Investment, Enterprise Heterogeneity, Export