中国OFDI区位选择决定因素研究——基于2003-2014年28个经济体面板数据

在国别差异视角下选取2003-2014年28个主要国家和地区的面板数据，并将所有样本国家分为发达经济体和发展中经济体两类，借助于投资引力模型重点考察了东道国市场因素、资源禀赋因素和技术因素对我国对外直接投资区位选择的影响，研究发现，我国OFDI区位选择呈现出明显的国别差异，对发达经济体的投资同时受到市场规模因素和技术禀赋因素的影响，对发展中经济体的投资同时受到市场规模因素和资源禀赋因素的影响，另外还发现随着技术水平的提升和运输工具的革新，距离不再是我国OFDI区位选择的决定因素。

A Research of China's OFDI Location Selection Determinants-based on panel data of 28 economies from 2003 to 2014

In the perspective of national differences, we choose 2003-2014 panel data of 28 major countries and regions, and divide them into two categories as developed economies and developing economies. By means of investment gravity model, we emphasize on the host country's market factors, resource endowment factors and technical factors on China's foreign direct investment location choice. The study indicates that China's OFDI location choice shows a significant country difference. Its investment to the developed economies is influenced by market size factors and technology endowment factors, and to the developing economies, its investment is influenced by both the market size and resource endowment factors investment. In addition, we find that with the promotion of technology level and the innovation of transport, distance is no longer a determining factor to China's OFDI location choice.