CAJ | 학술논문

本文改变以往研究对外直接投资动因采用行为导向的分析思路，试图从对外直接投资的目的导向入手，通过建立混合面板模型，分析市场驱动和自然资源驱动两种内在力量对中国OFDI的作用。研究结果发现，中国OFDI具有明显的市场寻求和资源寻求特征，中国OFDI受东道国绝对和相对市场规模的影响显著，且相对于发达东道国家而言，发展中东道国的自然资源对中国OFDI具有显著的吸引力。此外，双边贸易联系的增强、东道国市场开放程度的加深、温和的通货膨胀以及政治风险的降低也是促进中国OF－DI流入的积极因素。
본문개변이왕연구대외직접투자동인채용행위도향적분석사로，시도종대외직접투자적목적도향입수，통과건립혼합면판모형，분석시장구동화자연자원구동량충내재역량대중국OFDI적작용。연구결과발현，중국OFDI구유명현적시장심구화자원심구특정，중국OFDI수동도국절대화상대시장규모적영향현저，차상대우발체동도국가이언，발전중동도국적자연자원대중국OFDI구유현저적흡인력。차외，쌍변무역련계적증강、동도국시장개방정도적가심、온화적통화팽창이급정치풍험적강저야시촉진중국OF－DI류입적적겁인소。
This paper changes the traditional behavior oriented-research respective, attempts to construct the purpose driven research about China's OFDI through the establishment of mixed panel model , and analyses the role of two kinds of in-ternal forces (market driving and natural resources driving ) in China's OFDI.The result indicates that China's OFDI has obvi-ous market seeking and resources seeing features .The absolute and relative market size of host country significantly influence China's OFDI, and compared to developed host countries , the natural resources from developing host country have significant attraction for China's OFDI.Moreover, the improvement of bilateral trade connection , the openness of host country market , mild inflation and the decease of political risk from host country also have positive affect on OFDI .