【作者】 杨璐；

【导师】 刘辉煌；

【作者基本信息】 湖南大学 ， 应用经济学， 2011， 硕士

【摘要】 近些年随着我国经济的快速发展和综合国力的不断增强，尤其是“走出去”口号提出之后，我国加快了对外直接投资的步伐，对外直接投资增长势头迅猛，但由此也引发了一些人对对外直接投资快速增长可能导致国内资本外流，影响国内资本形成等问题的担忧。基于此，本文致力于探讨对外直接投资和国内资本形成两者之间的关系，以揭示对外直接投资对国内资本形成产生的影响。据《2009年对外直接投资统计公报》上的数据显示，截止到2009年，我国租赁和商务服务业、制造业以及批发和零售业这些市场依赖型行业在我国对外直接投资的总存量中的比重高达49.2%，说明市场寻求型对外直接投资在我国占有很重要的地位。本文以市场寻求型对外直接投资作为研究对象，试图从理论推演和实证研究两个方面研究其对国内资本形成的影响。理论研究结果得出市场空间开拓型对外直接投资会促进国内资本的形成；贸易替代型对外直接投资对国内资本的影响取决于正、反两方面因素的强弱对比；在理论分析的基础上，本文运用SPSS18.0软件按我国的省份数据对市场空间开拓型对外直接投资和贸易替代型对外直接投资进行聚类分析，然后运用STATA软件采用2003-2009年我国26个具有代表性省市的数据对市场空间开拓型对外直接投资和贸易替代型对外直接投资对国内资本形成的影响进行了实证检验，结果显示这两种市场寻求型对外直接投资对国内资本形成都存在不同程度的挤入效应因此，我国对外直接投资活动的开展不会对国内资本形成产生负面影响，应鼓励国内企业加大步伐开展对外直接投资，积极参与国际经济活动。更多还原

【Abstract】 With China’s rapid economic development and comprehensive national strengthhas been enhanced, especially after carrying out of the “going out” slogan, the growthof OFDI is very rapid. The rapid growth of OFDI arouses some concern. Some peoplequestion that the increase in OFDI will reduce the domestic capital formation. Thisthesis tries to discuss the relationship between OFDI and GFCF (gross fixed capitalformation) for the sake of revealing whether the bloom of OFDI will reduce the effectof domestic policy.To understand the link between OFDI and GFCF, we see the underlyingmotivation for investment as a starting point. Then mathematical derivation andempirical evidence are provided to explain the link between OFDI and GFCF. OFDIfor market seeking is very important in our country’s outward investment. OFDI formarket seeking can be divided into OFDI to gain market access and OFDI to hedgetrade barriers. Through mathematical derivation, we address OFDI to gain marketaccess can increases home country GFCF; OFDI to hedge trade barriers can leaveunchanged home country GFCF; On the basis of mathematical derivation, this thesisuses China’s26representative provinces’ data, time period2003to2009, to makeempirical test. The results show that OFDI to gain market access and OFDI to hedgetrade barriers have complementary and positive impact on domestic gross fixedcapital formation. The conclusion shows that each type of OFDI will not reduce GFCFin China. So we should encourage domestic enterprises to carry out foreign directinvestment and participate in international economic cooperation positively.更多还原