摘要
基于不完全契约理论,分析了契约环境、FDI与出口产品质量之间的内在作用机理,采用2000—2018年联合国商品贸易数据库HS6位码产品层面数据、世界银行全球治理指数和营商环境等数据库的匹配数据进行实证检验,结果表明:契约环境与外商直接投资的交互作用能显著促进出口产品质量的提高,良好的契约环境对外商直接投资与出口产品质量之间的关系起正向调节作用;异质性检验还发现,契约环境与FDI的交互作用对出口产品质量的提升作用在经济发展水平高的国家和技术复杂度高的行业表现得更为显著;机制检验还发现,改善契约环境能够通过缓解融资约束、优化要素结构以及增加科研创新三种渠道实现有效利用外资,促进出口产品质量的提高。
Based on incomplete contract theory,this paper analyzes the internal mechanism among contract environment,FDI and quality of export products,and uses the matching data from HS6 code product level data of UN comtrade Database,the World Bank Global Governance Index and Business Environment Database during 2000-2018 to conduct an empirical test.There are the following results.Interaction between contract environment and foreign direct investment can significantly improve the quality of export products,and a good contract environment can positively regulate the relationship between foreign direct investment and export product quality.Heterogeneity test shows that interaction between contractual environment and FDI plays a more significant role in improving the quality of export products in countries with high levels of economic development and industries with high technical complexity.The mechanism test finds that the improvement of the contract environment can realize effective utilization of foreign capital and promote the quality of export products by relieving financing constraints,optimizing factor structure and increasing scientific research and innovation.
作者
曹慧平
沙文兵
CAO Huiping;SHA Wenbing(School of International Economics and Business,Anhui University of Finance and Economics,Bengbu 233000,China)
出处
《经济经纬》
CSSCI
北大核心
2021年第1期75-85,共11页
Economic Survey
基金
国家社会科学基金项目(18BJL096)。
关键词
契约环境
外商直接投资
出口产品质量
交易成本
Contract Environment
Foreign Direct Investment
Quality of Export Products
Transaction Cost
