摘要
基于我国2003-2013年对外直接投资(OFDI)的82国面板数据,从东道国制度环境的角度出发,研究双边投资协定(BIT)对OFDI的长期影响。从整体上看,BIT对我国OFDI有正向促进作用,具体来说,BIT对OFDI的促进作用随东道国制度环境水平的提高呈现出先增加后减弱的倒U型特征。因此,与东道国制度水平中等国家签订的BIT对我国OFDI的促进效用最优。
Based on the panel data of China's outward foreign direct investment(OFDI)to82host countries between2003and2013,this paper studies the influence of bilateral investment agreement(BIT)on OFDI from the perspective of host country'sinstitutional environment.Generally,BIT has a positive role in promoting the OFDI from China.Specifically,the effectiveness ofBIT increased first and then decreased along with the increase of the host country's institutional environment level,which overallpresents an inversed-U shape.As a result,the BITs signed with the host countries in medium level of institutional environment arethe most effective ones.
作者
张羽
任荣明
Zhang Yu;Ren Rongming(Antai College of Economics & Management, Shanghai Jiao Tong University, Shanghai 200030)
出处
《上海管理科学》
2017年第2期6-11,共6页
Shanghai Management Science
基金
国家社会科学基金项目(12BJL053)
关键词
双边投资协定
东道国制度环境
对外直接投资
bilateral investment agreements
host country’s institutional environment
foreign direct investment
