CAJ | 학술논문

文章利用2003-2012年长三角地区企业对149个国家（地区）海外直接投资项目数据，在引力模型的基础上从自由贸易协定以及双边投资协定等视角考察了长三角地区企业进行海外直接投资项目选址的决定因素问题。研究表明，自由贸易区协定的签订对长三角地区企业的海外直接投资有着显著的促进作用，同时长三角地区企业倾向于选择能源和科技资源丰裕的国家（地区）进行直接投资来摆脱资源约束的负面影响。为此，我国应该加快自由贸易区协定谈判的步伐，与美欧等尽快完成双边投资协议的谈判。此外，长三角地区企业海外直接投资的项目选址也受到东道国（地区）的地理位置、市场潜力等因素的显著影响。
문장이용2003-2012년장삼각지구기업대149개국가（지구）해외직접투자항목수거，재인력모형적기출상종자유무역협정이급쌍변투자협정등시각고찰료장삼각지구기업진행해외직접투자항목선지적결정인소문제。연구표명，자유무역구협정적첨정대장삼각지구기업적해외직접투자유착현저적촉진작용，동시장삼각지구기업경향우선택능원화과기자원봉유적국가（지구）진행직접투자래파탈자원약속적부면영향。위차，아국응해가쾌자유무역구협정담판적보벌，여미구등진쾌완성쌍변투자협의적담판。차외，장삼각지구기업해외직접투자적항목선지야수도동도국（지구）적지리위치、시장잠력등인소적현저영향。
Based on the gravity model,this paper,from the perspective of free trade agreement and bilateral investment trea?ty,explores the location determinants of Yangtze River Delta region’s outward FDI by utilizing the data covering 149 coun?tries or regions from 2003 to 2012. The research indicates that the signing of FTA significantly promotes the overseas direct in?vestment of Yangtze River Delta region’s firms. Moreover,Yangtze River Delta region’s firms tend to choose the countries or regions which are abundant in energy and technology resources in order to bail out the negative effects of resource constraints. As a result,China should accelerate the pace of negotiations on the free trade agreements,while completing the bilateral in?vestment agreements with the United States and Europe as soon as possible. In addition,the location choose of Yangtze River Delta region’s outward FDI is significantly impacted by the host country or region location and market potential,etc.