歐債危機(jī)對(duì)在華外國直接投資影響的實(shí)證研究
發(fā)布時(shí)間:2018-05-28 08:43
本文選題:歐債危機(jī) + 外商直接投資; 參考:《華中科技大學(xué)》2013年碩士論文
【摘要】:自改革開放以來,我國順應(yīng)國際產(chǎn)業(yè)轉(zhuǎn)移的趨勢,憑借廉價(jià)的勞動(dòng)力、需求潛力巨大的消費(fèi)者市場以及各項(xiàng)優(yōu)惠政策,吸引了世界各地的外商前來直接投資,吸收利用了巨額的外商直接投資。尤其是伴隨著我國加入世界貿(mào)易組織,我國的利用外商直接投資得到了飛躍的發(fā)展。2012年首次超越美國,成為全球最大FDI目的國。然而歐債危機(jī)以來,全球經(jīng)濟(jì)不景氣,國內(nèi)不僅經(jīng)濟(jì)增長速度放緩,需求銳減,而且還面臨著人民幣升值的壓力,勞動(dòng)力成本優(yōu)勢岌岌可危。雖然實(shí)際利用外商直接投資金額在逐年增加,但是FDI吸引力能否持續(xù)下去以及其吸引力相對(duì)增強(qiáng)背后隱藏的絕對(duì)數(shù)額下降問題不容小覷。 本文采用38個(gè)國家2002年一季度至2012年一季度的面板數(shù)據(jù),利用引力模型,對(duì)FDI決定因素進(jìn)行了回歸分析。分別對(duì)總樣本、樣本中發(fā)達(dá)國家以及發(fā)展中國家子樣本進(jìn)行了三次回歸,檢驗(yàn)市場規(guī)模、貿(mào)易額、地理距離、知識(shí)產(chǎn)保護(hù)、貿(mào)易成本、投資環(huán)境、投資成本、產(chǎn)業(yè)集聚、區(qū)域一體化以及心理距離對(duì)FDI的作用。 結(jié)果表明:強(qiáng)知識(shí)產(chǎn)權(quán)保護(hù)有利于促進(jìn)FDI的流入。來自高收入國家的外國直接投資對(duì)除了中國的市場規(guī)模以外的其他因素更為敏感。距離的估計(jì)參數(shù)為正與假設(shè)相反,但是與濃度接近理論相一致,并且為來自高收入國家的水平外國直接投資代替出口因?yàn)橹袊湍竾木嚯x增加。同樣的,,結(jié)果也表明交易成本對(duì)外國直接投資有顯著為正的作用。此外,我們發(fā)現(xiàn)投資成本和集聚效應(yīng)幾乎對(duì)外國直接投資流入中國沒有影響或者存在微乎其微的影響。
[Abstract]:Since the reform and opening up, China has complied with the trend of international industrial transfer, relying on cheap labor, a consumer market with huge potential demand and various preferential policies, which has attracted foreign direct investment from all over the world. A huge amount of foreign direct investment has been absorbed and utilized. Especially with China's accession to the World Trade Organization, China's utilization of foreign direct investment (FDI) has developed by leaps and bounds. In 2012, China overtook the United States for the first time to become the largest FDI destination country in the world. However, since the European debt crisis, the global economy has been depressed, domestic economic growth rate has slowed, demand has plummeted, but also face the pressure of appreciation of the yuan, labor cost advantage is in jeopardy. Although the amount of foreign direct investment actually utilized is increasing year by year, the problem of whether the attraction of FDI can be sustained and the absolute amount of decline hidden behind its relative enhancement cannot be underestimated. In this paper, the panel data of 38 countries from the first quarter of 2002 to the first quarter of 2012 are used to analyze the determinants of FDI using gravity model. For the total sample, the subsample of developed country and developing country were regressed three times to test market scale, trade volume, geographical distance, knowledge production protection, trade cost, investment environment, investment cost, industrial agglomeration. The effect of regional integration and psychological distance on FDI. The results show that strong intellectual property protection is beneficial to promote the inflow of FDI. Foreign direct investment from high-income countries is more sensitive to factors other than the size of China's market. The estimated distance parameter is positive and contrary to the hypothesis, but consistent with the concentration approach theory, and is replaced by exports by the level of FDI from high-income countries because the distance between China and the home country increases. Similarly, the results show that transaction costs have a significantly positive effect on FDI. In addition, we find that investment costs and agglomeration have little or no impact on FDI inflows into China.
【學(xué)位授予單位】:華中科技大學(xué)
【學(xué)位級(jí)別】:碩士
【學(xué)位授予年份】:2013
【分類號(hào)】:F832.6
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