摘要
基于世界银行营商环境项目数据,采用两阶段最小二乘法分析了外商直接投资对34个"一带一路"沿线国家营商环境的影响。研究结果表明,外商直接投资对于沿线国家的营商环境具有显著的改善作用;金融危机发生以后,外商直接投资对于沿线国家营商环境的改善作用不但没有减弱,反而得到了增强,表现出更强的制度依赖性;外商直接投资对开办企业、建筑许可等7个方面具有显著的改善作用,对保护少数投资者和纳税这2个有利于沿线国家本土企业和政府税收方面的影响较小且不显著。
As part of the main content of economic globalization,foreign direct investment is able to exert an influence on both the economic development and institutional quality of host countries. Because business environment has a close relation with the financial performance of multinational companies,foreign direct investment is likely to exert a huge impact on it. Based on the data of World Bank’s Doing Business program,this paper studies the impact of foreign direct investment on 34 countries along 'the Belt and Road'.The results show that foreign direct investment has positive impact on the business environment of the countries along'the Belt and Road';such impacts have been strengthened after the outbreak of financial crisis,which indicates that multinational companies show stronger institutional dependence. Specifically,foreign direct investment significantly and positively impacts business environment from seven parameters such as Starting a Business,Dealing with Construction Permits and so forth,while the parameters including Protecting Minority Investors and Paying Taxes which do good to enterprises and taxation of the host countries along 'the Belt and Road'are insignificantly impacted.
作者
周超
刘夏
任洁
ZHOU Chao;LIU Xia;REN Jie(National Research Center for Upper Yangtze Economy,Chongqing Technology and Business University,Chongqing 400067;College of International Business,Sichuan International Studies University,Chongqing 400031;Pass College,Chongqing Technology and Business University,Chongqing 400067)
基金
四川外国语大学校级项目"文化‘走出去’的对外投资与贸易促进效应研究--以‘一带一路’261所孔子学院为例"(sisu201739)
关键词
外商直接投资
营商环境
“一带一路”
工具变量
Foreign Direct Investment
Business Environment
'the Belt and Road'
Instrumental Variable
