摘要
基于中国31个省份2009-2017年酒店业和外商投资相关数据,本文利用C-D生产函数模型及其扩展形式,从短期和长期两方面实证检验了外商直接投资对中国酒店业经济产出的外溢效应.研究结果表明:(一)外商直接投资短期和长期都会对中国酒店业产出有外溢效应,外溢效应受宏观条件如市场化程度、经济发展水平、资本密度等方面的影响;(二)长期而言,外资参与度在16.2%的时候对中国酒店业的外溢效应最大;(三)短期而言,中国酒店业的外商投资溢出效应有一定时滞,在第二年达到高峰值.
Based on relevant data of the hotel industry and foreign investment from 2009 to 2017 of 31 provinces in China,this paper empirically tests the spillover effect of foreign direct investment on the economic output of China’s hotel industry from the perspectives of short term and long term by using C-D Production Function Model and its extended form.The research findings show that,(1)foreign direct investment will produce spillover effects on China’s hotel industry in both short term and long term,and the spillover effect is affected by macroscopic conditions,such as marketization degree,economic development level,and capital density;(2)in a long term,the spillover effect on China’s hotel industry is the maximum when the engagement of foreign capital is 16.2%;and(3)in a short term,the spillover effect of foreign investment on China’s hotel industry has certain time lag,and will reach the peak value in the second year.
作者
钱晔
潘镇
Qian Ye;Pan Zhen
出处
《文化产业研究》
2020年第1期224-237,共14页
Cultural Industry Research
关键词
C-D函数
外资参与度
长期效应
短期效应
C-D Function
Engagement of Foreign Capital
Long-term Effect
Short-term Effect
