东道国外资激励政策的经济学分析

应用投资激励措施吸引外资是目前绝大多数国家常用的政策手段。本文简述了东道国外资激励政策的理论依据,从溢出效应、提升产业竞争力、扩大出口和就业等方面分析了东道国投资激励政策的收益;从挤出效应和锁定效应、财政收入减少、资源配置扭曲等方面分析了东道国激励政策的成本;从不同激励工具、不同跨国公司、不同母国税制等方面指出了东道国外资激励效应的客观差异性。

The Economic Analysis of Host Country Incentive Effect of Foreign Investment

Using investment incentive to attract foreign investment is the usual policy tool of most of countries currently. This paper summaries the theory basic of the investment incentive policy of host country; analyzes the profit of incentive policy received by host country from spillover effect, the promotion of competition ability of industry and the enlargement of export and employment, etc.; researches the cost of incentive policy from crowed-out and locked-in effect, the induction of finance income, the distortion of the disposition of resource, etc., and points out the objective difference of the incentive effectiveness of host country from different incentive tools, different MNS and different tax rules of home countries, etc.