制度视角下中国OFDI区位选择的路径研究——基于模糊集的定性比较分析(FsQCA)

以2015年为基期,将54个国家的中国对外直接投资(OFDI)存量作为样本,利用模糊集定性比较分析法(FsQCA),从东道国制度环境、东道国与中国之间的制度距离以及双边投资协定(BIT)三个方面考察了制度视角下中国OFDI区位选择的路径。选择了5个指标作为前因变量——母国与东道国文化距离、经济制度距离、政治制度距离、双边投资协定以及东道国制度环境,分析前因变量之间的何种组态可以最终导致结果变量——中国对东道国高OFDI投资规模的产生。研究结果表明:中国与东道国之间的文化距离小是中国对其进行OFDI投资的必要条件;东道国与中国之间签订的双边投资协定与两国之间较小的正式制度距离,包括政治制度距离和经济制度距离存在替代性;良好的东道国制度环境会对中国对其OFDI规模产生正向的影响。

Research on Path of China’s OFDI Location Choice from theInstitutional View:The Fuzzy-Set Qualitative Comparative Analysis

This paper’s analysis takes the data of China's OFDI stock in 54 countries as a sample and uses FsQCA to analyze on path of China’s OFDI location choice from the institutional view.This paper analyzes the topic from three aspects-host country institutional environment,institutional distance between home country and host country and Bilateral Investment Treaty.This essay chooses five indexes as causal variables-cultural distance,economic institutional distance,political institutional distance,Bilateral Investment Treaty and host country institutional environment to research on which configurations can lead to China’s high OFDI.The conclusions show that small cultural distance between home country and host country is a necessary condition for China’s OFDI in that country;Bilateral Investment Treaty is an effective alternative to small formal institutional distance between two countries,including political institutional distance and economic institutional distance;Good host country institutional environment has a positive influence on China’s OFDI in that country.