经济学报2025，Vol.12Issue(3)：54-71,18.
中国开发性金融与非洲企业成长
Chinese Development Finance and the Growth of African Enterprises:Evidence from the World Bank Enterprise Survey
摘要
Abstract
In recent years,China's international status has gradually changed from"benefactor"to"banker",and its overseas spending has shifted from traditional aid to development finance.Based on the data of the Global China Development Finance Database and the survey of African enterprises of the World Bank,this paper uses China's six major productive raw materials and China's foreign exchange reserves as instrumental variables to empirically test the positive role of China's development finance in promoting the growth of African enterprises.These conclusions still hold under a series of robustness tests,including classification,form transformation and enterprise sub-simple analysis.At the same time,it is found that Chinese development finance has a greater impact on enterprises(especially state-owned enterprises)in countries with stable political and government institutions.Further mechanism analysis shows that Chinese development finance can improve infrastructure,relax financing constraints,and standardize market institutions to promote the development of African enterprises,and improve the labor productivity of enterprises.From the perspective of development finance,this paper clarifies China's positive role in the growth of African enterprises,which provides strong support for the effectiveness of"South-South cooperation"under the global development framework.关键词
开发性金融/非洲企业成长/工具变量分类
管理科学引用本文复制引用
杨攻研,贾寅瑞..中国开发性金融与非洲企业成长[J].经济学报,2025,12(3):54-71,18.基金项目
本研究受2024年国家社会科学基金重点项目"地缘政治风险对我国企业供应链安全的影响及对策研究"(项目编号:24AGJ008) （项目编号:24AGJ008）
2023年辽宁省教育厅基本科研项目面上项目(项目编号:JYTMS20230742) （项目编号:JYTMS20230742）
2023年度辽宁大学亚洲研究中心亚洲问题研究项目重点项目(项目编号:Y202302)的资助. （项目编号:Y202302）
