CAJ | 학술논문

近年来关于对外直接投资的讨论是学界关注的热点，但鲜有文献研究洗钱在我国对外直接投资中所扮演的角色。本文以2007—2012年我国对外直接投资存量前50个国家（地区）为研究样本，运用知识资本模型和知识资本一洗钱模型，分析洗钱行为对我国对外直接投资的影响。结果发现：知识资本模型解释了我国投资于低风险洗钱国家（地区）的原因；而知识资本一洗钱模型解释了我国投资于高风险洗钱国家（地区）的原因，KK1-MON和KK2-MON模型表明，洗钱因素对我国直接投资驱动的规模分别为590．66亿美元和849．18亿美元，占投资总量25．01％和29．64％；并验证了模型的稳健性进。本文的结论即延伸和拓展了我国对外直接投资的研究又为我国反洗钱对策提供依据。
근년래관우대외직접투자적토론시학계관주적열점，단선유문헌연구세전재아국대외직접투자중소분연적각색。본문이2007—2012년아국대외직접투자존량전50개국가（지구）위연구양본，운용지식자본모형화지식자본일세전모형，분석세전행위대아국대외직접투자적영향。결과발현：지식자본모형해석료아국투자우저풍험세전국가（지구）적원인；이지식자본일세전모형해석료아국투자우고풍험세전국가（지구）적원인，KK1-MON화KK2-MON모형표명，세전인소대아국직접투자구동적규모분별위590．66억미원화849．18억미원，점투자총량25．01％화29．64％；병험증료모형적은건성진。본문적결론즉연신화탁전료아국대외직접투자적연구우위아국반세전대책제공의거。
Discussion of foreign direct investment in recent years is the hot spot in the academic, but there is little literature research of money laundering in the role of foreign direct investment （fdi） in China. Based on the 2007 -2012, China＇s foreign direct investment stock before 50 countries （regions） as the research sample, using the model of knowledge capital and knowledge capital - money laundering model, analyzed the influence of money laundering outward foreign direct investment in China. The results showed that： the knowledge capital model explains our country to invest in the cause of the low risk of money laundering country （region） ; And knowledge capital - money laundering model explains our country to invest in risky reasons of money - laundering countries （regions）, KK1 -MON and KK2 -MON model show that money laundering driven factors on China＇s direct investment scale of $ 59. 066 billion and $ 84. 918 billion respectively, accounting for 25.01% of the total investment and 29.64% ; And verify the robustness of the model. The conclusion of this article namely extend and expand the research and development of the foreign direct investment in China provide the basis for our country money laundering countermeasure.