东道国数字基础设施对中国高技术制造业对外直接投资的影响—

摘要以“一带一路”沿线国家为样本,考察沿线国家数字基础设施发展促进中国高技术制造业对其投资的影响机制与效果,并在国别、行业、投资模式层面分析其异质性。研究发现:(1)沿线国家的数字基础设施发展促进了中国高技术制造业对其投资,东道国“数字区位优势”的投资促进效应显著。(2)东道国数字基础设施通过提升其技术创新能力、投资效率和投资便利度三种机制,正向促进中国高技术制造业直接投资。(3)异质性方面,在经济发展水平较高的国家或医药制造等“常规”的高技术制造业,或“跨国并购”方式,数字基础设施发展的外资促进作用更显著;在经济发展水平较低的国家,或“天然数字化”的计算机、通信和其他电子设备制造业,或“绿地投资”方式,数字基础设施发展的外资促进作用相对较小。上述结论可为优化高技术制造业对外投资和高质量共建“一带一路”提供参考。

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关键词：数字基础设施高技术制造业国际直接投资投资区位选择 “一带一路”沿线国家

Abstract： Taking countries along the “Belt and Road Initiative” as samples, the paper examines the mechanism and effect of digital infrastructure development in countries along the route to promote investment in China’s high-tech manufacturing industry, and analyzes its heterogeneity at the country, industry and investment model levels. The findings are as follows: (1) The development of digital infrastructure in the countries along the “Belt and Road” promotes investment from China’s high-tech manufacturing sector, and the investment-promoting effect of the host countries’ “digital locational advantage” is significant. (2) The digital infrastructure of host countries positively promotes FDI of China’s high-tech manufacturing by enhancing their technological innovation capacity, investment efficiency and investment convenience. (3) In terms of heterogeneity, digital infrastructure promotes foreign capital more in countries with higher economic levels, in “conventional” high-tech industries such as pharmaceuticals or in “cross-border mergers and acquisitions”. Conversely, its role is weaker in countries with lower economic levels, in “naturally digital” industries like computers, communications, and electronics, or in “greenfield investments”. The above conclusions can provide reference for optimizing foreign investment in high-tech manufacturing and high-quality joint construction of the “Belt and Road”.

Keywords： Digital Infrastructure High-tech Manufacturing Industry Foreign Direct Investment Location Selection of Foreign Direct Investment Countries along the “Belt and Road”

收稿日期 2024-10-23; 接受日期 ;

基金资助:国家社会科学基金项目(21BJY008)

作者简介: 许翔宇(2000— ),男,福建泉州人,博士研究生,主要从事区域经济与贸易研究;林善浪(1965— ),男,福建大田人,博士,教授,博士生导师,主要从事区域经济、产业经济研究。

引用本文:

许翔宇, 林善浪.东道国数字基础设施对中国高技术制造业对外直接投资的影响——基于“一带一路”沿线55国的考察[J]. 经济经纬, 2025,3: 58-71

XU Xiangyu, LIN Shanlang.The Impact of Host Countries’ Digital Infrastructure on OFDI of China’s High-Tech Manufacturing Industry: An Empirical Study of 55 Countries along the “Belt and Road”[J] Economic Survey, 2025,V42(3): 58-71

链接本文:

http://www.jjjw.org.cn/CN/ 或 http://www.jjjw.org.cn/CN/Y2025/V42/I3/58

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