【摘要】 本文运用中国对158个国家(地区)2003-2013年对外直接投资的面板数据实证研究东道国城镇化对中国对外直接投资的影响,研究结果表明:东道国城镇化水平与中国对外直接投资呈反向变动的关系,而东道国城镇化速度则与中国对外直接投资呈同向变动关系。进一步检验东道国城镇化水平对中国对外直接投资的门槛效应,发现东道国城镇化发展对中国对外直接投资的影响具有诺瑟姆三阶段的典型特征。据此,本文建议中国应针对东道国城镇化发展状况开展对外直接投资。更多还原

【Abstract】 Urbanization is an important factor of demand. This paper examines the effects of urbanization in host countries on China’s outward foreign direct investment. After analyzing the data on China’s outward foreign direct investment in 158 countries from 2003 to 2013, we found that the level of the host country’s urbanization has an inverse relationship to China’s outward foreign direct investment, while the speed of the host country’s urbanization and China’s outward foreign direct investment have a direct relationship. As for the threshold effect of a host country’s urbanization level on China’s outward foreign direct investment, we found the typical characteristics of Northam’s three stages. Finally,we suggest that China should invest internationally in accordance with the level and circumstances of urbanization in a particular host country.更多还原