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基于中国2000~2014年的14个主要省会城市和直辖市的面板数据,实证考察城市层面法律执行效率差异对外商投资的影响,并对比东部沿海和中西部地区城市的外商投资。研究表明:法律执行效率越高的城市越能吸引外商企业投资,外商投资规模也越大,在控制了影响外商投资的其他因素后,以律师人数为法制环境的替代变量做稳健性检验得到了类似的结论。进一步研究法律执行效率的地区差异对外商投资的影响,发现东部地区和中西部地区的法律执行效率差异直接影响到外商投资水平。
Based on the panel data of 14 major capitals cities and municipalities in China from 2000 to 2014, this paper empirically examines the impact of differences in efficiency of law enforcement at the urban level on foreign investment, and compares the foreign investment in cities along the eastern coast and the central and western regions. The research shows that the more cities with law enforcement efficiency are, the more attractive the foreign-funded enterprises and the larger the scale of foreign investment. After controlling for other factors that affect foreign investment, a robustness test based on the number of lawyers as substitute variables for the legal environment was obtained A similar conclusion. To further study the impact of regional differences in the efficiency of law enforcement on foreign investment, we found that the differences in the efficiency of law enforcement between the eastern region and the central and western regions have a direct impact on the level of foreign investment.