当代财经 ›› 2025, Vol. 0 ›› Issue (7): 117-128.

• 产业与贸易 • 上一篇    下一篇

区域贸易协定网络的引资效应:外商追加投资视角

杨志浩   

  1. 中国社会科学院 工业经济研究所,北京 100006
  • 收稿日期:2024-04-07 修回日期:2025-05-17 出版日期:2025-07-15 发布日期:2025-07-22
  • 作者简介:杨志浩,中国社会科学院助理研究员,经济学博士,主要从事国际贸易与跨国投资研究,联系方式zhihaoyoung@126.com。
  • 基金资助:
    中国社会科学院智库基础研究项目(ZKJC240707); 中国社会科学院“青启”计划资助项目“中外合资网络对我国供应链韧性的影响研究”(2024QQJH106); 中国社会科学院学科建设“登峰战略”资助计划(DF2023YS24)

Investment Attraction Effects of Regional Trade Agreement Networks: A Perspective of Additional Foreign Investment

Yang Zhi-hao   

  1. Institute of Industrial Economics of Chinese Academy of Social Sciences, Beijing 100006, China
  • Received:2024-04-07 Revised:2025-05-17 Online:2025-07-15 Published:2025-07-22

摘要: 更大力度吸引外资是高水平对外开放的重要表现。近年来在外资总量稳中有增的同时,外商追加投资却略显乏力,成为中国吸引外资的薄弱环节。基于此,从区域贸易协定网络视角探究了如何推动外商追加投资。研究表明,提高企业的区域贸易协定网络中心度有助于促进外商追加投资。机制研究发现,提高企业的区域贸易协定网络中心度有助于弥补东道国供应链供给缺口、提升国际供应链韧性和企业技术创新水平,进而促进外商追加投资。拓展分析发现,企业的内源和外源融资能力越强,提高区域贸易协定网络中心度越有助于促进外商追加投资;境内投资商追加投资能够进一步促进外商追加投资。因此,应加快提升我国在全球区域贸易协定网络中的地位,提升国内供应链的供给能力和国际供应链韧性,推进商业信用体系建设,积极探索境内企业与外商的联合投资机制。

关键词: 区域贸易协定网络, 网络中心度, 外商追加投资

Abstract: Making greater efforts to attract foreign investment is an important manifestation of a high-level opening up. In recent years, while the total amount of foreign investment has steadily increased, the additional investment by foreign investors has been somewhat weak, becoming a weak link for China to attract foreign investment. Based on this, this study explores how to promote additional foreign investment from the perspective of regional trade agreement networks. The findings show that increasing the centrality of regional trade agreement networks in enterprises can help promote additional foreign investment. The mechanism research has found that improving the centrality of regional trade agreement networks for enterprises can help fill the supply gap in the host country’s supply chain, enhance international supply chain resilience and enterprise technological innovation levels, thereby promoting additional foreign investment. The expanding analysis reveals that the stronger the internal and external financing capabilities of enterprises, the more conducive it is to promoting foreign investment by increasing the centrality of regional trade agreement networks. The additional investment by domestic investors can further promote the additional investment by foreign investors. Therefore, we should accelerate the enhancement of China’s position in the global regional trade agreement network, improve the supply capacity of domestic supply chains and the resilience of international supply chains, promote the construction of commercial credit systems, and actively explore joint investment mechanisms between domestic enterprises and foreign investors.

Key words: regional trade agreement network, centrality of network, additional foreign investment

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