›› 2015, Vol. 31 ›› Issue (7): 48-55.

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The effect of Money Laundering on FDI in China

  

  • Received:2014-09-11 Revised:2015-02-10 Online:2015-07-10 Published:2015-07-01

洗钱对我国外商直接投资的影响——基于上市公司面板数据的实证研究

梅德祥  蒋旭   高增安   

  1. 西南交通大学经济管理学院
  • 通讯作者: 梅德祥
  • 基金资助:

    《宏观审慎监管视角的国家系统性洗钱风险与反洗钱研究》;人民币国际化资本项目开放下新兴洗钱行为与对策研究

Abstract: Based on the knowledge capital model (KK Model) and knowledge capital model-money laundering(KK-mon Model) as the foundation, choose listed companies during 2007-2012 as research object, We Focus on the effect of money laundering on FDI in China. It was found that Money laundering has a obvious effect on FDI in China, In the manufacturing industry,real estate industry and he entire industry, it has Promoted FDI in China , but it has a Suppression on FDI in wholesale and retail trade. Meanwhile, due to money laundering, market size, skilled labor abundances, trade costs are significant factors.The inflow of non-state funds offshore, In addition to the relative market size, abundant skilled labor degrees, distance, other factors are not significant.

摘要: 以知识资本模型和知识资本—洗钱模型为基础,2007~2012年外商持股上市公司为研究对象,分析了洗钱对我国外商直接投资的影响。研究表明:洗钱对我国外商直接投资具有显著地影响,促进了我国制造业、房地产及整个行业的外商直接投资,而抑制在批发零售业的投资;同时,由于洗钱行为,市场规模、熟练劳动力丰裕度、贸易成本、距离都是显著影响因素。而流入我国的非离岸国家资金,除相对市场规模、熟练劳动力丰裕度、距离外,其他因素影响均不显著。

关键词: 知识资本&mdash, 洗钱模型