金属资源产业对外直接投资对中国与东道国全球价值链地位的影响
李璇, 倪旭, 张海亮

Impacts of metal resource industry outward foreign direct investments on positions of China and the host countries in the global value chain
LI Xuan, NI Xu, ZHANG Hailiang
表4 投资模式影响中国金属资源产业价值链地位的回归结果
Table 4 Regression results of the influence of different investment modes on the value chain position of China’s metal resource industry
一般面板模型 GMM模型
(1) (2) (3) (4) (5) (6)
lnofdi 0.011*** 0.001*
(4.41) (1.50)
lngreen 0.011*** 0.001*
(4.63) (1.40)
lnma 0.000 0.001
(0.45) (0.48)
lncfdi 0.325*** 0.325*** 0.331*** 0.352*** 0.352*** 0.319***
(28.04) (28.17) (29.22) (39.73) (39.82) (25.19)
clab -0.041*** -1.845*** -1.959*** -0.0465*** -0.0467*** -0.0591***
(-7.82) (-22.07) (-21.66) (-10.90) (-10.97) (-12.94)
copen -1.843*** -0.0414*** -0.0551*** -1.992*** -1.995*** -1.935***
(-21.75) (-8.04) (-9.88) (-37.76) (-37.97) (-22.79)
lncrd 0.713*** 0.717*** 0.888*** 0.789*** 0.791*** 0.931***
(19.93) (20.65) (23.28) (21.81) (21.96) (14.74)
lncres 0.094*** 0.095*** 0.104*** 0.098*** 0.098*** 0.107***
(15.84) (16.12) (13.87) (18.50) (18.55) (12.21)
常数项 5.609*** 5.627*** 6.931*** 5.657*** 5.660*** 7.538***
(16.12) (16.22) (16.24) (14.67) (14.69) (12.94)
R2 0.9058 0.9064 0.9018
Hausman P 0.0001 0.0001 0.1073
Wald 3404.99 3409.87 1686.75