No. C2003004中国资本外逃的规模与成因

发布日期:2003-03-25 03:12    来源:北京大学国家发展研究院

[内容提要]
本文在对资本外逃的定义的基础上,给出了五种测算资本外逃的办法。发现这些方法得出的资本外逃量不仅变化方向相同而且与FDI的变化相似,这使得中国资本外逃有别于其他发展中国家。对资本外逃的传统解释是利率差异,经济和政治风险和外债负担,但作者发现这些都不足以解释中国资本外逃,更重要的因素与转型经济下特殊情况有关,即长期对外资的优惠和执法不严。所以本文希望改革现有的外资法以发展内资以及建立严格有效的投资体系。

[关键词] 资本外逃 规模测算  违背协议

[JEL分类号] F21;C82; D92

Measuring and Explaining Capital Flight: A case study of China

[Abstract]

The paper addresses the problem of defining and assessing the scale of capital flight from China with 5 alternative measures. It is found that not only all capital flow measures proved to fluctuate in the same way but they did much like FDI. As the traditional view of a reaction to low domestic real returns and to economic and political risks and external indebtedness proves inadequate for China, it then highlights more important factors linked to specific features of the transition process under way, that is, long-term priority to FDI and inefficiency of executing the related laws.


详细内容(见文件下载1) No. C2003004