本文首先在回顾对外直接投资理论等相关文献的基础之上,总结了影响中国在中亚地区直接投资的各项经济因素和制度因素。进而,以中亚国家2003年至2012年的面板数据为样本,进行了关于对外直接投资存量与各因素之间的实证研究。研究发现：中国在中亚的直接投资首先是为了寻求低成本劳动力和广阔的市场规模,其次才是获取中亚丰富的油气资源；此外,中国企业倾向于在与中国监管质量、法律制度以及遏制腐败力度方面相类似的国家进行投资。

Firstly, this paper summed up the economic factors and institutional factors affecting China"s outward foreign direct investment in Central Asia, based on the review of OFDI theory and other relevant literatures. Furthermore, the empirical research on foreign direct investment stock and various factors was conducted with the panel data of the Central Asian country from 2003 to 2012. The study found that China"s FDI in Central Asia was to seek low-cost labor and the vast size of the market, followed by the motivation of getting rich oil and gas resources. In addition, Chinese companies tend to invest in those countries which have similar regulatory quality, legal systems and the containment corruption efforts with China.

国家社会科学“我国对外直接投资与对外贸易平衡互动机制及政策研究”(12BJL0053)