管理工程学报2011,Vol.25Issue(1):77-82,6.
贸易壁垒约束下企业对外投资选择的一般均衡分析
General Equilibrium Analysis of Outward Direct Investment Under Trade Barriers
摘要
Abstract
China was involved in the anti-dumping investigation from 1995 to 2007. Trade frictions associated with anti- dumping practices can cause instability in the world's economy. As the world becomes more interdependent, trade friction continues to worsen from trade barriers such as technical and anti - dumping practices.China has been victimized by these trade frictions. In order to reduce the negative effect of trade frictions on the Chinese domestic economy and gain global competitiveness, China has adopted the technology innovation strategy. This strategy involves development of new technologies to help domestic industries in China improve their competitiveness. The relentless pursuit of technology innovation has not lessened the trade frictions between China and its trading counterparts. In order to overcome the challenge, China has now turned to foreign direct investment and market expansion strategies. Trade barriers of other countries continue to exist for China and encourage Chinese companies to seek new internationalization strategies.This paper explores the effect of trade barriers on the Chinese economy by making a general equilibrium analysis of outward direct investment (ODI) in China. Our analysis results show that the significant “inducement character” is a “barrier jumping” behavior. In the face of anti - dumping barriers, not all companies will adopt FDI as their choice strategy. However, when the costs saved from tariff and anti - dumping practices are larger than traditional costs of FDI companies, the companies will choose to jump the anti - dumping barrier via FDI strategy. Our findings also suggest that the host country accept the ODI because this strategy can improve welfare for the host country.China will continue to face trade barriers as its companies aggressively pursue international business opportunities. The findings of this study provide lessons for the Chinese government to effectively lower ODI risks, expand international markets, eliminate cultural barriers, and reduce trade frictions.关键词
壁垒跨越/对外投资/一般均衡Key words
Barriers Jumping/ Outward Direct Investment/ General Equilibrium分类
管理科学引用本文复制引用
杜凯,周勤,蔡银寅..贸易壁垒约束下企业对外投资选择的一般均衡分析[J].管理工程学报,2011,25(1):77-82,6.基金项目
2010年东南大学优秀博士基金项目. ()