Institutional Impact of Foreign Direct Investment in China

被引：53
|
作者：
Long, Cheryl [1 ,2 ]
Yang, Jin [4 ]
Zhang, Jing [3 ,4 ]
机构：
[1] Xiamen Univ, Xiamen, Peoples R China
[2] Colgate Univ, Hamilton, NY 13346 USA
[3] Xiamen Univ, Sch Econ, Xiamen, Peoples R China
[4] Xiamen Univ, Wang Yanan Inst Studies Econ, Xiamen, Peoples R China
来源：
WORLD DEVELOPMENT | 2015年 / 66卷
基金：
中国国家自然科学基金;
关键词：
Asia; China; FDI; institutional impact; legal protection; tax burden; MULTINATIONAL-ENTERPRISES; INTERNATIONAL-TRADE; TECHNOLOGY-TRANSFER; ECONOMIC-GROWTH; FDI; SPILLOVERS; PRODUCTIVITY; PANEL; PARTICIPATION; COMPETITION;
D O I：
10.1016/j.worlddev.2014.08.001
中图分类号：
F0 [经济学]; F1 [世界各国经济概况、经济史、经济地理]; C [社会科学总论];
学科分类号：
0201 ; 020105 ; 03 ; 0303 ;
摘要：
We provide firm level empirical evidence that the presence of foreign direct investment (FDI) has positively affected the institutional quality of the host regions in China. Specifically, Chinese domestic firms located in regions with a higher level of FDI tend to enjoy a lower level of tax and fee burdens, less arbitrariness in such burdens, as well as better legal protection. To address the potential issue of endogeneity, we adopt the instrumental variable approach. In addition, we explore the specific mechanisms through which the institutional impact is materialized and provide various extensions of the empirical findings that offer further support for the FDI-induced institutional improvement argument. (C) 2014 Elsevier Ltd. All rights reserved.
引用
收藏
页码：31 / 48
页数：18
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