摘要
运用协整理论和误差修正模型,文章对FDI促进中国经济增长的具体渠道(劳动力就业、国内资本形成、全要素生产率提高)进行了实证检验。结果表明,无论在长期还是在短期内,FDI都通过促进劳动力就业和技术进步推动了中国的经济增长。同时,虽然FDI在短期内对国内投资存在着正向的"挤入"效应,但在长期内却"挤出"了国内投资。比较二者之间的产出弹性,发现FDI的产出弹性要小于国内投资。
By making use of the co-integration theory and the error correction model, this paper conducts an empirical test on the specific channels through which FDI may boost the economic growth in China, such as labor employment, formation of domestic capital, improvement of total factor productivity, etc. The results indicate that whether in the long term or short term, FDI will have a great impetus to the economic growth in China by increasing the level of labor employment and technical progress. Meanwhile, although FDI has a positive ＂wedging-in＂ effect on the domestic investment in the short term, it ＂squeeze out＂ domestic investment in the long term. When comparing the output elasticity between them, it can be found that the output elasticity of FDI is smaller than that of domestic investment.
出处
《当代财经》
CSSCI
北大核心
2009年第8期97-101,共5页
Contemporary Finance and Economics
关键词
FDI
经济增长
协整检验
误差修正模型
foreign direct investment
economic growth
co-integration test
error correction model
