商业研究

商业研究

• 世界经济 • 上一篇    下一篇

中国对外直接投资与能源进口 ——我国企业OFDI动机假设的实证检验

魏占军1，杨宏恩2   

  1. （1.信阳师范学院 商学院，河南 信阳 464000；2.北京工商大学 经济学院，北京 100037）
  • 收稿日期:2017-07-30 出版日期:2017-11-16
  • 作者简介:魏占军（1984-），男，河南鄢陵人，信阳师范学院商学院讲师，经济学博士，研究方向：国际投资与贸易；杨宏恩（1974-），男，河南开封人，北京工商大学经济学院教授，博士生导师，研究方向：亚洲区域经济合作、国际投资与贸易。

China′s Outward Foreign Direct Investment and Energy Import：An Empirical Test of OFDI Motivation Hypothesis in Chinese Enterprises

WEI Zhan-jun1, YANG Hong-en2   

  1. (1.School of Business, Xinyang Normal University, Xinyang 464000, China; 2.School of Economics, Beijing Technology and Business University, Beijing 100037,China)
  • Received:2017-07-30 Online:2017-11-16

摘要： 近年来我国对外直接投资和能源进口增长迅速，在经验判断上两者之间应存在相互促进作用。本文选取2000-2014年中国对外直接投资与能源进口数据，采用3SLS方法对两者之间关系进行实证检验。结果表明：总体上，我国对外直接投资与能源进口之间确实存在双向因果关系，但这种相互促进作用对发展中国家表现明显，而对发达国家仅表现为对外直接投资促进了能源进口，能源进口对中国在发达国家的直接投资没有显著影响。因此，资源寻求型OFDI已经成为并应继续成为我国对外直接投资的重要趋势，我国政府应进一步鼓励国有企业在能源富裕国家增加能源开采领域的直接投资，此外也应注重加强向发达国家投资以获取逆向技术溢出。

关键词: 对外直接投资, 能源进口, 三阶段最小二乘法

Abstract: In recent years, China′s outward foreign direct investment and energy imports have increased rapidly, and they promote each other by judging from experience. Based on the data of China′s foreign direct investment and energy import in the past years of 2000-2014, the relationship between the two variables is tested by the 3SLS method. The results show that, on the whole, there is a two-way causality between China′s foreign direct investment and energy import, but this mutual promotion is evident to developing countries, while to developed countries it only shows that foreign direct investment will promote energy imports, and energy imports have no significant impact on China′s overseas direct investment in developed countries. Therefore, resource seeking OFDI has become and should become an important trend of China′s foreign direct investment, and Chinese government should encourage further increase direct investment in energy exploitation in the field of energy rich countries of state owned enterprises. In addition, investment in developed countries should also be strengthened to obtain reverse technology spillovers.

Key words: OFDI, energy import, 3SLS