要素禀赋、厂商优势与FDI流出

本文在分析国际贸易投资一体化理论发展的基础上，通过引入要素禀赋和厂商优势，对该理论的H—M—B模型进行了扩展，理论分析表明，一国要素禀赋将决定该国厂商优势的特征，进而影响该国FDI的流出水平。当一国熟练劳动力要素相对于非熟练劳动力要素越丰裕，厂商差异化优势相对于低制造成本优势越强，厂商越倾向采取FDI方式进入国际市场，该国FDI发展水平越高；反之，该国FDI发展水平越低。

On Relations among National Endowments, Company Competitive Edges and FDI Flux

The paper first makes analysis of the theory of integrated international trade and investment, and then expands the theoretic model of H-M-B by introducing national endowment elements and enterprise competitive edges. It argues that a nation's endowment elements determine its enterprises' competitive edges, which further influences the FDI flux of the country. It concludes that when a country's skilled labor force is relevantly plentiful, its enterprises are able to achieve cost competitive edges and they tend to adopt FDI in taking share of the international market, which leads to a high-level FDI, and vice versa.