| 摘要: |
| 本文旨在将制度观点和由折衷理论演变出的传统经济因素做一整合，尝试构建出一
个基本的对外直接投资分析框架，对中国进行对外直接投资的企业在其他金砖国家
的区位选择行为作出解释，以期提供合理的投资建议。研究结果发现，在影响中国
企业进行对外直接投资行为的因素中，经济效率因素的确起到了不容忽视的重要作
用，但制度因素的作用更大。因此，在考虑跨境投资区位时，经济效率因素和制度
因素两者都不可忽视。 |
| 关键词: ODI BRICS 区位选择 传统经济因素 制度因素 |
| DOI： |
| 投稿时间：2012-09-27 |
| 基金项目:教育部人文社会科学基金项目“我国技术寻求型FDI的逆向技术转移机制”（项目编号：11YJA790126）；
南京师范大学哲学社会科学跨学科重大项目“以自主创新应对金融危机的路径研究”（项目编号：0909016) |
|
| Research on BOPs of China’s Tea TradeBased on the Marshall-Lerner Condition |
| ZHANG Hua,LIU Shang |
|
| Abstract: |
| The Marshall-Lerner Condition is one of the important theories to explore the impact of exchange rates
on BOPs. This paper uses the annual data of China’s tea import and export from 1986 to 2008 to analyze whether
China’s tea trade meets the Marshall-Lerner Condition or not. In order to achieve this purpose, we calculate the
demand elasticity of China’s tea import and export, and build the econometrics model to analyze the relationship
between the real exchange rate of RMB and China’s tea BOPs. The result explains that the tea trade between China
and other countries shows different effects to the changes of RMB exchange rates. On the whole, the rise of tea
export price will give rise to the tea export value, while the decrease of tea import price will increase the import
value. The appreciation of RMB will promote China’s tea BOPs, while the devaluation of RMB will worsen BOPs,
The demand elasticity of imports and exports is less than 1, so basically speaking, China’s tea trade is consistent
with the Marshall-Lerner Condition. |
| Key words: Marshall-Lener Condition tea trade |
