在金砖国家合作机制背景下,通过分析中国对其他金砖国家直接投资(OFDI)联动效应传导机制,实证研究中国对其他金砖国家已有的OFDI的经济效应。结果表明,中国目前对其他金砖国家直接投资总量还比较有限,但近些年增长速度较快,存在比较大的深度合作空间。实证结果显示:中国的OFDI对各个金砖国家均存在正向联动效应,按大小排序依次是俄罗斯、巴西、印度和南非。其中,对俄罗斯经济产生的联动效应最大,对南非经济产生的联动效应最小。 Under the background of the BRIC cooperation mechanism, we analyze empirically the economic effects of China’s OFDI on other BRICS countries by analyzing the transmission mechanism of OFDI linkage in China. The result shows that the total amount of direct investment in other BRIC countries is still relatively limited at present, but the growth rate has been relatively fast in recent years, and there is ample room for deep cooperation. The empirical results show that China’s OFDI has positive linkage effects with various BRIC countries, followed by Russia, Brazil, India and South Africa in order of size. Among them, the largest linkage effect on the Russian economy, South Africa’s economy have the least linkage effect.