洗钱对我国外商直接投资的影响--基于上市公司面板数据的实证研究

以2007－2012年我国外商持股上市公司为研究对象，以知识资本模型和知识资本—洗钱模型为基础，对比离岸国家（地区）与非离岸国家（地区）对我国的外商直接投资，研究洗钱对我国外商直接投资的影响。结果表明：洗钱对我国外商直接投资有显著影响，绝对市场规模对外商直接投资进入我国制造业、房地产及整体行业有抑制作用；相对市场规模对外商直接投资进入我国制造业、批发零售业、房地产及整体行业有促进作用；劳动力丰裕度严重抑制外商直接投资进入我国制造业、批发零售业、房地产及整个行业；贸易成本和距离均与我国外商直接投资量成反比。

The Effect of Money Laundering on FDI in China---An Empirical Study Based on Panel Data of Listed Companies

With Foreign ownership listed companies in China from 2007 to 2012 as the research object , this paper , based on the knowledge capital model and the knowledge capital-money laundering model , makes a comprison of the foreign direct investment (FDI) in China from the offshore country (region) and that from the non-offshore country (region) so as to study the influence of money laundering on our country ’s FDI.The results show the follwoing: money laundering has a significant effect on the FDI in our country;the absolute market scale has an inhibitory effect and the relative market scale has a promo-ting effect on the entry of FDI into our country ’s manufacturing industry , real estate industry , wholesale and retail industry and the industry as a whole;labor abundance significantly inhibits FDI from entering our country ’s manufacturing industry , whole-sale and retail industry , real estate industry and the industry as a whole; both trade costs and distance are inversely propor-tional to the direct FDI in China .