主讲人：李志远

题目：Foreign Direct Investment and China’s Participation in International Trade

时间：2021年6月5日（周六） 14:30

地点：邵逸夫科学馆东二层第五会议室

个人简介：李志远，复旦大学经济学院世界经济系教授，上海市曙光学者。2010年获美国加州大学戴维斯分校经济学博士学位。2014年-2015年在美国加州大学伯克利分校访学。在国际国内顶尖学术期刊如Review of Economics and Statistics，Journal of International Economics，Journal of Economic Behavior & Organization，World Economy，《经济研究》与《管理世界》等发表多篇论文。研究成果荣获第六届张培刚发展经济学研究优秀成果奖、第二十届“安子介国际贸易研究奖”优秀论文一等奖、第六届浦山世界经济学优秀论文奖：浦山学术研究奖、国际贸易实证研究会议最佳论文奖、上海市第十四届哲学社会科学优秀成果奖等。数篇研究成果得到美国经济研究局（NBER）季度研究报告推介，并入选“经济学与商学”全球前1% ESI高引论文。参与、主持多项国家、省部级研究项目。入选上海市“浦江人才计划”。 主要研究国际经济学，工业组织，应用计量经济学。

Abstract: We use decades of data on newly-established foreign invested enterprises (FIEs) in China during 1979-2013 to show a causal effect of manufacturing foreign investment on trade participation. We follow Burchardi et al.(2018)'s method to isolate the exogenous variation of existing manufacturing FIEs among "origin country-destination city" (o-d) pairs: Foreign capital inflows from a foreign country to a Chinese city at a given period depend on an origin-specific push factor(the origin's investment power in China) and a destination-specific pull factor (the city's attractiveness to worldwide investors). The interaction of time-varying variation in push and push factors generates quasi-random distribution of manufacturing FIEs. We find that (1) Existing manufacturing FIEs in a city have a significantly positive effect on trade participation with the origin country, both in total export and import; (2) Manufacturing FIEs particularly shed light on impacts on import and processing trade, reflecting that an important role of foreign capital is to bring inputs and incorporate China to international specialization; (3) An extended "origin-destination-final markets" analysis framework enlarges the causality between foreign investment and trade beyond "o-d" pairwise relationship, entitling China as a "world factory" that delivery products to the markets all over the world.