基于误差修正模型（ECM）中国FDI实证研究

本文基于误差修正模型(ECM),从中国的消费、内资固定资产投资、成本、贸易多元化角度等,分析中国的FDI问题。研究表明,中国的消费对FDI产生需求拉动,内资固定资产投资对FDI具有明显挤出效应,成本增长会抑制国内FDI增长,合理的贸易多元化战略能显著促进FDI增长。由此可见,近年来中国的FDI增长放慢不但是中国的消费增速下降和生产成本上升影响的结果,更是中国内资固定资产投资持续扩张提高了内资企业竞争力产生影响的一个阶段性趋势。

Empirical Research on Chinese FDI Based on Error Correction Model(ECM)

Based on the error correction model(ECM),this article analyzes China's FDI issues from the perspectives of China's consumption,domestic investment in fixed assets,costs,and trade diversification.Studies show that China’s consumption generates demand for FDI,domestic fixed asset investment has a significant crowding out effect on FDI,cost growth will inhibit domestic FDI growth,and a reasonable trade diversification strategy can significantly promote FDI growth.It can be seen that the slowdown of China's FDI growth in recent years is not only the result of the decline in China's consumption growth and rising production costs,but also a phased trend in which China's continued expansion of domestic fixed asset investment has improved the competitiveness of domestic enterprises..