外国直接投资对中国制造业出口种类和强度的影响外文原文.pdfVIP

RESEARCH NOTE The impact of inward foreign direct investment on the nature and intensity of Chinese manufacturing exports Chengqi Wang*, Peter J. Buckley**, Jeremy Clegg** and Mario Kafouros** Using data for the period 1983-2002, this study examines the relationship between inward foreign direct investment (FDI) and export performance in China. The results indicate that FDI promotes exports by foreign as well as domestically-owned firms, and that this effect is strongest for labour-intensive industries. This impact, however, does not depend on the country of origin of the investor. This finding contradicts previous results that showed that western transnational corporations (TNCs) were significantly less export-oriented than the affiliates of TNCs from other economies, suggesting that western TNCs in China have become more export-oriented in recent years. The finding that the relationship between FDI and exports is not influenced by the country of origin underscores the timeliness of the elimination of the discriminatory policy of China towards foreign investors. 1. Introduction The contribution of transnational corporations (TNCs) to exports from developing countries has long been a point of debate. Host countries often complain that TNCs export too little, and the findings in some studies support these arguments. For * Corresponding author. Associate Professor and Reader in International Business, Nottingham University Business School, Jubilee Campus, University of Nottingham, NG8 1BB UK, United Kingdom (tel.: +44 0115 8467821, e-mail: Chengqi.Wang@Nottingham.ac.uk) and Business School, Ningbo University, China. ** Centre for Intern