Abstract: Based on the panel data of Chinese provinces during 1996 and 2005,this paper finds that increasing absorbency,measured by human capital, is the most important motive to the trend of FDI being single capital.Among others,market scale and the degree of marketization have significant positive effects.Therefore,with the development of Chinese economy,the larger the market scale and the more marketizing it is,the more FDI become single capital.

Key words: FDI, trend of being single capital, absorbency

摘要： 通过对1996—2005年我国分省面板数据的经验研究,我们可以看到,吸收能力增强是FDI在华独资倾向的重要原因之一,以人力资本为衡量标准的吸收能力的提高推动了FDI在华独资的倾向。在其他影响FDI在华独资化的因素中,市场规模、市场化程度对独资倾向具有正向的显著影响。这表明随着中国经济的发展,市场规模不断扩大,市场化程度持续提高,外国投资者更加倾向于独资模式。

关键词: FDI, 独资化倾向, 吸收能力