摘要
当今世界正经历百年未有之大变局,在新冠肺炎疫情冲击下,世界经济增速放缓,经济全球化遭遇重大逆流。在这一背景下,本文基于中国2005—2015年对外投资行业层面的数据以及国际投入产出表,结合Helm(2020)工具变量的构建方法,探讨了“一带一路”倡议下中国海外投资的沿线国家和地区的价值链优化效应,并分析其背后机制。本文研究发现,“一带一路”倡议下中国企业对沿线各国和地区的投资能够显著促进东道国产业在全球价值链中的地位提升,且这一效应的大小因东道国发展阶段、地理位置以及行业变化而有所差异,其中间机制主要通过下游需求增进及技术溢出引发的生产率效应来实现。研究表明,“一带一路”倡议下的中国企业对外投资能够有效抵御当前逆全球化的趋势并弥补过往全球化生产模式对发展中国家的利益忽视,在推进区域合作、促进沿线各国和地区共同繁荣中发挥了重要作用。
The world is undergoing profound changes unseen in a century.Under the impact of the Covid-19 epidemic,the world economic growth has slowed down,and economic globalization has encountered major backlash.Under such background,using Helm's(2020)instrumental variable approach,this paper discusses the impact of Chinese overseas investment on the global value chain's position of countries and regions along the"Belt and Road"using the industry level data of Chinese overseas investment from 2005 to 2015 as well as the International Input-Output table data.The results show that:under the belt and road initiative,China's investment can significantly promote the upgrading of industries in the host country along the"Belt and Road"in the global value chain,and the size of this effect varies with the host country's development stage,geographical location and different industries.The intermediate mechanism is mainly realized through the productivity effect caused by technology spillover and downstream demand enhancement.This paper shows that Chinese enterprises'foreign investment can effectively resist the current trend of anti-globalization and make up for the neglect of the interests of developing countries in the past global production mode,and play an important role in promoting regional cooperation and common prosperity.
作者
闫强明
李宁静
张辉
Yan Qiangming;Li Ningjing;Zhang Hui(School of Economics,Peking University,Beijing 100871,China)
出处
《南开经济研究》
CSSCI
北大核心
2023年第3期39-57,共19页
Nankai Economic Studies
基金
国家社会科学基金“一带一路”建设重大研究专项项目(18VDL007)
中国博士后科学基金资助项目(2022M710239)的资助。
关键词
全球价值链
“一带一路”倡议
对外投资
投资效应
Global Value Chain
"Belt and Road"Initiative
Overseas Investment
Investment Effect
作者简介
闫强明,北京大学经济学院(邮编:100871),E-mail:yanqiangming1991@126.com;李宁静,北京大学经济学院(邮编:100871),E-mail:jennylnj@vip.qq.com;张辉,北京大学经济学院(邮编:100871),E-mail:nk94zhang@126.com。
