Firm Level Study About The Relationship Between Extensive And Intensive Margin Of Outward Direct Investment And Firms Heterogeneity Theory

Since the new trade theory was put forward, the theory of enterprise heterogeneity theory has been academia attached great importance to. Firms heterogeneity theory in western developed countries take the market system as the background, for enterprises to carry out international trade and overseas investment incentives from the perspective of enterprise. As the forefront of the current international trade theory research, the enterprise heterogeneity theory is getting more and more attention by scholars in our country, the applicability of the theory of heterogeneity of the firms in our country situation research is also being analyzed more and more. This paper is based on the firm heterogeneity theoretical framework combing the firm level. However, due to the special of the socialist market economy system in China, there is a market mechanism that is not perfect in our country, and excessive government intervention. Enterprise heterogeneity of foreign direct investment under the condition of dual marginal research, is up to the enterprise level decomposition, the foreign direct investment from the perspective of enterprise heterogeneity study the mechanism of the enterprise of foreign direct investment. Due to the integrity of the data and access restrictions, right now, the empirical test of the enterprise heterogeneity theory focuses on enterprises to export the bivariate marginal areas, while in the enterprise of foreign direct investment lack of relative research in the field of bivariate marginal. In recent years China’s foreign direct investment scale is growing, our country enterprise of foreign direct investment ushered in the new historic opportunity. How to further promote the foreign direct investment from the enterprise level of bivariate marginal, many a mickle makes a muckle, and make China’s foreign direct investment in both scale and quality, it is to be academic problem.First, this paper summarizes the studies on firm heterogeneity model and empirical models to complement and development of firm heterogeneity model. And then to our country enterprise of foreign direct investment on the current situation of bivariate marginal summary, point out the problems that our country enterprise at present foreign direct investment. Later in this article, based on the enterprise heterogeneity of classical mathematical model, combining the reality of dual marginal enterprise of foreign direct investment, foreign direct investment to our country enterprise of the relationship between the binary and marginal productivity theory is analyzed. Then select manufacturing enterprise data of Chinese listed companies, this paper uses the calculation method of total factor productivity, total factor productivity of enterprise and enterprise of foreign direct investment of bivariate marginal is verified, the results of the empirical test are not completely consistent with the theoretical expectations, explain enterprise productivity is not the only determinants of foreign direct investment decisions. Whether the other features also affect the enterprise of foreign investment, the article selected the panel data of the enterprise, can abstract the characteristic variables, on behalf of the enterprise to the enterprise heterogeneity model applied in the field of foreign direct investment expanded. Finally, the article analyses the result of empirical test and puts forward relevant policy suggestions for enterprise in our country.