【摘要】 对"一带一路"沿线国家引进外资与国内投资进行统计分析,使用动态面板模型实证研究"一带一路"沿线国家的引进外资与国内投资之间的替代互补关系,结果表明:"一带一路"沿线国家的引进外资与国内投资在短期与长期都呈现出替代关系,引进外资对国内投资的替代强度随时间而减少,绿地投资对国内投资的替代强度在短期和长期都高于跨国并购对国内投资的替代强度。"一带一路"沿线国家经济增长率、人力资本及储蓄率都促进了国内投资,而"一带一路"沿线国家的对外直接投资与经济自由度都抑制了国内投资。基于此,中国应不断扩大市场开放,引导外资企业进入与国内企业互补性较强的产业;同时鼓励国内企业进行境外投资,并与"一带一路"沿线国家国内投资形成良性互补关系;中国与沿线国家应营造良好营商环境,促进投资自由化与便利化;中国应大力推动优势产能输出,加强国际产能合作。更多还原

【Abstract】 Based on the statistical analysis of the inbound foreign direct investment and domestic investment of the countries along the Belt and Road,this paper uses dynamic panel model to empirically study the substitution and complementary relationship between inbound foreign direct investment and domestic investment of the countries along the Belt and Road. The research results show that a substitution relationship exist in inbound foreign direct investment and domestic investment of the countries along the Belt and Road in the short and long term,and that the substitution intensity of inbound foreign direct investment to domestic investment decreases with time. The substitution intensity of greenfield investment to domestic investment of the countries along the Belt and Road is higher than that of cross-border merger and acquisition in the short and long term. The economic growth rate,human capital and savings rate of the countries along the Belt and Road promote domestic investment,while outbound foreign direct investment and economic freedom of the countries along the Belt and Road inhibit domestic investment.更多还原