试论中国在拉丁美洲直接投资的影响因素——基于宏观政治经济的实证性研究
Abstract
Since the 21st century, Chinese OFDI has been growing rapidly, and China has become a major source of investment in Latin America. However, there is no consensus in the existing literature on how the political and economic institutional factors of host countries affect Chinese investment. Using panel data on China’s FDI stock in 33 Latin American countries between 1996 and 2018, this article examines how institutional factors, measured by Global Governance Indicators and Economic Freedom Indicators, affect Chinese FDI in the region using an extended gravity model.
Keywords: Latin America; China; outward FDI; gravity model; global governance; macroeconomics.
摘要：自21世纪以来,中国对外直接投资呈快速增长势头,如今也成为拉丁美洲的主要投资来源地。现有文献对于东道主国家的政治经济制度因素如何影响中国投资并未达成共识。文章通过实证研究使用1996年至2018年期间中国在33个拉丁美洲国家的外国直接投资存量的面板数据,通过扩展引力模型来检验由全球治理指标和经济自由度指标衡量的制度因素是如何影响中国在该地区的直接投资。
关键词：拉丁美洲；中国；对外直接投资；引力模型；全球治理；宏观经济
