世界经济 ›› 2019, Vol. 42 ›› Issue (2): 147-169.

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领导人访问与中国对外直接投资

闫雪凌1, 林建浩2   

  1. 1. 四川大学经济学院 610065;
    2. 中山大学岭南学院 广东广州海珠区新港西路135号 510275
  • 出版日期:2019-02-10 发布日期:2019-02-25
  • 通讯作者: 林建浩:电子信箱:linjh3@mail.sysu.edu.cn E-mail:linjh3@mail.sysu.edu.cn
  • 作者简介:闫雪凌:电子信箱:yxl@scu.edu.cn
  • 基金资助:
    第64批中国博士后科学基金面上项目(2018M64357)和国家自然科学基金项目(71773147)的资助。

Leader Visits and China's Outward Foreign Direct Investment

Yan Xueling1, Lin Jianhao2   

  • Online:2019-02-10 Published:2019-02-25

摘要: 本文基于对外直接投资的区位选择理论,通过搜集2004-2014年新闻联播中的领导人访问数据和《中国对外直接投资统计公报》数据构建面板数据回归模型,并结合政治互信因素,考察了领导人访问对中国对外直接投资区位分布的影响。研究结果表明,领导人访问对中国对外直接投资的区位分布具有显著的当期促进效应;中国领导人出访效应大于东道国领导人来访效应,且随着中国经济全球影响力上升和外交政策调整,领导人访问的当期促进效应逐渐增强。此外,领导人访问会通过文化交流和提高东道国民众对中国的好感度等间接机制产生持续的长期影响。

关键词: 政治互信, 领导人访问, 对外直接投资, 区位选择

Abstract: Based on the location selection theory of the OFDI and the factors of political mutual trust, this paper investigates the influence of leader visits on the location distribution of OFDIs in China.By daily collecting data from interviews conducted with leaders in CCTV News, and using China's OFDI data from 2004 to 2014 of the Statistical Bulletin of China's Outward Foreign Direct Investment, a panel data regression model is constructed to perform this empirical research.The results show that leader visits have significant current promoting effects on the location distribution of OFDIs in China, making this visiting effect more pronounced for Chinese leaders than host country leaders.Moreover, with China's global economic influence booming and the adjustment of foreign policy, the promoting effect of current visits by leaders is gradually being strengthened.The paper also attempts to study the impact mechanism and it finds that leader visits have a significant and lasting long-term impact through indirect mechanisms such as cultural exchanges and improved preference of the public with respect to China.

Key words: political mutual trust, leader visits, China's OFDI, location selection

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