张亮,周申

• 1:南开大学经济学院

摘要(Abstract)：

本文应用System GMM分析金融扭曲差异对外商投资的影响发现:地区金融扭曲差异会促进外商投资的流入,且金融扭曲差异对外资存量的影响程度要小于外资流量。接着,针对大多数经验文献所采用的金融市场因素与外商投资流入之间线性关系的假设,本文考察了金融扭曲差异影响外商投资流入的非线性效应,实证表明金融扭曲差异对外商投资流入的影响呈U型关系。将样本分类发现大部分所有样本点均在U型曲线左侧,说明现阶段我国总体上还处于U型曲线左侧区域,即金融扭曲差异是显著的促进了外资流入。

关键词(KeyWords)： 金融扭曲;外资进入;融资约束;FDI;市场因素

Abstract:

Keywords:

基金项目(Foundation): 教育部人文社会科学规划基金项目“国际贸易、FDI对中国劳动力市场的影响研究”(项目编号:08JA790071)的支持和资助

作者(Author): 张亮,周申

DOI: 10.13269/j.cnki.ier.2012.01.010

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