“逆全球化”是否冲击了中国对外直接投资

贵州财经大学学报 ›› 2021 ›› Issue (04): 44-54.

“逆全球化”是否冲击了中国对外直接投资

张俊彦¹, 贾玉成², 张诚¹

1. 南开大学经济学院, 天津 300071;
2. 天津社会科学院, 天津 300191

收稿日期:2020-10-30 出版日期:2021-07-15 发布日期:2021-07-23
作者简介:张俊彦(1990-),男,山西大同人,南开大学经济学院博士研究生,经济学博士,研究方向为跨国投资;贾玉成(1988-),男,天津社会科学院城市经济研究所副研究员,经济学博士,研究方向为世界经济方向研究;张诚(1962-),男,山西灵丘人,南开大学经济学院教授博士生导师,经济学博士,研究方向为跨国投资。
基金资助:
天津市社会科学规划项目："逆全球化"背景下中国企业跨国并购特征研究（项目编号：TJLJ20-004）。

Does “De-globalization” Have an Impact on China's Foreign Direct Investment

ZHANG Jun-yan¹, JIA Yu-cheng², ZHANG Cheng¹

1. Nankai University, Tianjin 300071, China;
2. Tianjin Academy of Social Sciences, Tianjin 300191, China

Received:2020-10-30 Online:2021-07-15 Published:2021-07-23

摘要/Abstract

摘要： 基于熵理论计算出世界各国"逆全球化"程度，通过"就近集中权衡"理论解释"逆全球化"程度对中国对外直接投资（OFDI）的影响机制，并使用2003~2018年我国对全球107个国家的OFDI数据，实证检验东道国"逆全球化"程度对我国OFDI的影响。研究表明：（1）依据测算的全球"逆全球化"指数，2016年以后"逆全球化"已经打破了原有的经济全球化趋势。（2）东道国的"逆全球化"水平对中国OFDI造成负向冲击。（3）东道国政治风险强化了 "逆全球化"对中国OFDI的负面影响，而贸易壁垒却呈现相反效应。（4）中国的OFDI对发达国家"逆全球化"造成的负面冲击更敏感。从实证结论出发，就应对"逆全球化"冲击、深化中国对外开放战略提出政策建议。

关键词: 逆全球化, 中国OFDI, 政治风险, 贸易壁垒

Abstract: Based on entropy theory,the degree of "de-globalization" of countries around the world is measured.The theory of "proximity-concentration" the influence mechanism of "de-globalization" on Chinese foreign direct investment (OFDI).Empirical this article tests the influence of host country's "de-globalization" measures on Chinese OFDI through China's investment data from 2003 to 2018.The results show that:(1) According to the calculated "de-globalization" index,"de-globalization" has broken the original trend of economic globalization after 2016.(2) The "de-globalization" of the host country has a negative impact on Chinese enterprises' direct investment in the country.(3) The host country's political risk strengthens the negative impact of the host country's "anti-globalization" phenomenon on Chinese OFDI,while trade barriers weaken this negative impact.(4) Chinese OFDI is more sensitive to the negative impact of developed countries' "de-globalization".Finally,this paper gives relevant policy suggestions.

Key words: de-globalization, OFDI, political risk, trade barrier

中图分类号:

F752

张俊彦, 贾玉成, 张诚. “逆全球化”是否冲击了中国对外直接投资[J]. 贵州财经大学学报, 2021(04): 44-54.

ZHANG Jun-yan, JIA Yu-cheng, ZHANG Cheng. Does “De-globalization” Have an Impact on China's Foreign Direct Investment[J]. Journal of Guizhou University of Finance and Economics, 2021(04): 44-54.