摘要
基于世界银行PPI数据库中41个"一带一路"沿线发展中国家2000-2017年的数据,使用固定效应(FE)模型考察私人资本参与"一带一路"沿线发展中国家基础设施项目的影响因素。实证结果表明:(1)多边金融机构支持是私人资本参与"一带一路"沿线发展中国家基础设施项目的重要影响因素;(2)私人资本在参与"一带一路"基础设施PPP项目中更偏向于政府效力较低的发展中国家,尤其是中低收入国家;(3)政府财政支持也是私人资本参与"一带一路"基础设施建设的重要影响因素,相比非PPP项目,私人资本在参与PPP项目时更加关注政府的投入力度,在中低收入国家表现更为显著;(4)私人资本在参与"一带一路"基础设施非PPP项目时,更加关注目标国的经济环境与市场规模。
By processing the data on 41 developing countries along"The belt and road"from World Bank PPI database during 2000-2017,this paper has used fixed effect model to analyze the important influence factors of private capital participation in the infrastructure projects of developing countries along"The belt and road".The empirical results states that:(1)the support from multilateral financial institutions is one of the important influence factors of private capital participation in the infrastructure projects of developing countries along"The belt and road";(2)private capital prefers to choose developing countries with low government effectiveness in the infrastructure projects of developing countries along"The belt and road",especially lower middle income countries;(3)the government financial support is an influence factor as well.Compared with the non-PPP projects,private capital participation in the PPP projects is more focused on the government investment strength which is obviously more remarkable in lower middle income countries;(4)when private capital has participated in the infrastructure non-PPP projects of developing countries along"The belt and road",it pays more attention to the economic environment and market size of the target countries.
出处
《投资研究》
CSSCI
北大核心
2019年第10期81-92,共12页
Review of Investment Studies
基金
国家社会科学基金重大项目“抑制产能过剩与治理重复建设对策研究”(09&ZD026).
关键词
私人资本
“一带一路”
基础设施项目
Private capital
"The belt and road"
Infrastructure projects
作者简介
王立国:东北财经大学投资工程管理学院,教授,博士生导师;通讯作者:王昱睿:东北财经大学投资工程管理学院博士研究生,大连财经学院副教授。
