Influence Factors Of China's OFDI And Its Dual Margin

China has experienced a rapid growth of ofdi,with an annual growth rate at 40.6%.However,it bears a remarkable difference among different regions in china.Ofdi flow from east areas takes 81.8%of the total amount and share of the top ten provinces comes to 79.1%.Although there are many new corporations investing abroad,big gaps remain in different regions.Meanwhile,a high concerntration of ofdi host countries can bring huge risks to home country,which also applies to a province or region.So it is meaningful to analyze those factors-behind these ofdi stylized facts from the view of provinces.This paper analyzes the influnence factors of ofdi and its dual margin and focuses on institution and openness.On the basis of previous studies and stylized facts,it reveals the theoretical and realistic background of this paper.Then I build a framework from the view of driving forces and abilities of ofdi,in which I analyze the specific factors such as institution openess tfp and competition and try to expose their conduction mechanism.The results show that firstly institution and openness have an effect on ofdi,but the influence is different in the region model.Secondly,tfp and competition have a positive effect on ofdi and there is an accumulating effects of openness.Thirdly,the effect is more remarkable in the ofdinumber model than the ofdiflow model,which is similar in the intensive margin model compared to the extensive margin model.Only the institution variables work in the extensive margin.