2023年第04期·总第346期6【投资与合作】中国对“一带一路”沿线国家OFDI贸易效应研究丁铎栋1王微微2（1.宁夏大学经济管理学院，宁夏银川750021；2.中国社会科学院大学经济学院，北京102488）[摘要]随着“一带一路”倡议的深入推进，中国对“一带一路”沿线国家的直接投资与贸易规模持续增加。为探究中国对沿线国家直接投资与贸易之间的内在联系，运用扩展的贸易引力模型，利用60个沿线国家在2003-2018年间的面板数据进行实证分析。基准回归结果表明，中国对“一带一路”沿线国家对外直接投资与贸易呈正向关系，稳健性检验强化了这一结论；机制检验显示，东道国经济发展水平抑制了中国OFDI的贸易促进效应，而东道国自然资源禀赋与对外开放水平显著提升了中国OFDI的正向贸易效应。[关键词]一带一路；对外直接投资；贸易效应；贸易引力模型[中图分类号]F741[文献标识码]A[文章编号]2095-3283(2023)04-0006-04ResearchontheTradeEffectofChina'sOFDItoCountriesAlongtheBeltandRoadDingDuodong1WangWeiwei2(1.SchoolofEconomicsandManagementNingxiaUniversity,YinchuanNingxia750021;2.SchoolofEconomicsUniversityofChineseAcademyofSocialSciences,Beijing102488)Abstract:Withthepromotionofthe"BeltandRoad"initiative,China'sdirectinvestmentandtradewithcountriesalongthe"BeltandRoad"havecontinuedtoincrease.InordertoexploretheinternalrelationshipbetweenChina'sforeigndirectinvestmentandtradeincountriesalongtheroute,theexpandedtradegravitymodelisusedtoconductempiricalanalysisusingpaneldataof60countriesalongtheroutefrom2003to2018.ThebenchmarkregressionresultsshowthatthereisapositiverelationshipbetweenChina'sforeigndirectinvestmentandtradeincountriesalongthe"theBeltandRoad",andtherobustnessteststrengthensthisconclusion;ThemechanismtestshowsthattheeconomicdevelopmentlevelofthehostcountryinhibitsthetradepromotioneffectofChina'sOFDI,whilethenaturalresourceendowmentandopening-uplevelofthehostcountrysignificantlyenhancethepositivetradeeffectofChina'sOFDI.KeyWords:theBeltandRoad;OutwardForeignDirectInvestment;TradeEffects;TradeGravityModel一、引言自2013年“一带一路”倡议提出以来，我国对沿线国家的投资与贸易得到极大发展。通过进一步扩大对沿线国家直接投资（OutwardForeign...
