劳动力无限供给条件下FDI对东道国资本收益率影响——理论分析与实证检验.pdfVIP

FDI FDI 劳动力无限供给条件下FFDDII对东道国资本收益率的影响 ——理论分析与实证检验 摘 要：本文通过构建劳动力无限供给条件下半开放小型经济的静态和动态2×2模型，就FDI对东 道国资本收益率的影响展开研究。研究结果表明，FDI的流入将提高非流入部门的资本收益率，对FDI流 入部门资本收益率的影响则取决于FDI对国内总收入和对该部门资本存量的影响，此外国内需求结构和吸 纳能力是影响资本收益率的重要因素。本文利用我国2000~2007年制造业28个部门的面板数据就FDI对 劳动密集型行业和资本密集型行业资本收益率的影响进行实证检验。检验结果表明，FDI是影响我国制造 业资本收益率的重要因素，其对不同行业资本收益率的影响方向不一致，FDI对我国劳动密集型行业贡献 大于对资本密集型行业的贡献，资本密集型行业具有规模报酬递增效应且资本的特定性较强。 关键词：FDI 资本收益率 劳动密集型行业 资本密集型行业 Abstract: Abstract: AAbbssttrraacctt:: This paper constructs two-sector and two-factor static and dynamic models characterized by a semi-opened economy with unlimited labor supply and analyses the influences of FDIover the capital returns of labor-intensive and capital-intensive sectors in host country. The study shows that the capital returns of no FDI flowing sectors would be raised with the FDIflowing into the host country, the influences over the capita returns of FDIflowing sectors lies on the influences of FDIover the gross income and the sectors’ stock of capital, the demand structure andthe domestic absorbingabilityinthe host country.Itwastested thatthe relationship between FDIand the capital returns of labor-intensive and capital-intensive sectors in 28 industries in China from 2000 to 2007.The results show that FDIisanimportant factor toaffect thecapital returns inboth sectors, the influences in the two sectors are reverse and much more in labor-intensive sector than in capital-intensive sector, the capital- intensive sector is characterized by increasing returns to scale, and the capital of capital-intensive sector is specific-factor. Keywords: Keywords: KKeeyywwoorrddss::FDI,capital returns, labor-intensive sector,capital-intensive sector 资金短缺、高失业率、生产力水平低下等特点是发展中国家的共性，也是制约其经济发 展的主要“瓶颈”。外国直接投资（FDI）不仅可以为发展中国家带来经济增长所急需的资金， 先进的技术、设备、管理方法和营销手段，还可以缓解东道国高失业问题并通过技术外溢等 方式提高东道国整体生产力水平。东南