本文選題：人民幣匯率　切入點：外商直接投資　出處：《首都經(jīng)濟(jì)貿(mào)易大學(xué)》2013年碩士論文　論文類型：學(xué)位論文

【摘要】：隨著世界一體化趨勢逐漸加深,中國逐漸放松了對外資流動的管制,外商直接投資(FDI)流入方式與渠道開始逐漸多樣化,匯率等影響FDI流動的金融因素的重要性日益凸現(xiàn)。應(yīng)該注意到,自從2005年中國匯率制度改革以來,人民幣匯率也在逐步調(diào)整。因此,很有必要探究人民幣匯率變動對我國外商直接投資的影響。 本文首先對人民幣匯率制度和匯率水平做了詳細(xì)的分析,并在對FDI機制的理論分析的基礎(chǔ)上,運用VAR模型、協(xié)整理論、格蘭杰因果關(guān)系檢驗等分析方法,分別從總體上和區(qū)域上分析了我國FDI流入量與人民幣匯率、匯率波動之間的長期穩(wěn)定關(guān)系和短期動態(tài)非均衡關(guān)系。 實證結(jié)果表明,人民幣實際有效匯率在長期內(nèi)的升值,會導(dǎo)致外商直接投資的減少,而匯率水平的波動對外商直接投資沒有直接影響。 基于上述分析結(jié)果看,中國在對外商直接投資方面,應(yīng)該積極支持、充分引導(dǎo)外資,規(guī)范匯率制度和引資制度,為吸引外資創(chuàng)造良好的市場環(huán)境。另一方面,進(jìn)一步完善人民幣匯率形成機制,維持人民幣匯率的穩(wěn)定性,提高人民幣在國際市場上的影響力。本文最后根據(jù)我國外商直接投資的特點和實證檢驗的結(jié)論,提出了今后我國吸引外商直接投資的政策建議。
[Abstract]:With the deepening of the trend of world integration, China has gradually relaxed its control on the flow of foreign capital, and the ways and channels of foreign direct investment (FDI) inflows have been gradually diversified. The importance of financial factors, such as exchange rates, affecting FDI flows is becoming increasingly prominent. It should be noted that since the reform of China's exchange rate system in 2005, the RMB exchange rate has also been gradually adjusted. It is necessary to explore the impact of RMB exchange rate changes on foreign direct investment in China. This paper first makes a detailed analysis of RMB exchange rate regime and exchange rate level, and on the basis of theoretical analysis of FDI mechanism, uses VAR model, co-integration theory, Granger causality test and other analytical methods. This paper analyzes the long-term stable relationship and short-term dynamic disequilibrium relationship between China's FDI inflow and RMB exchange rate and exchange rate fluctuation respectively. The empirical results show that the appreciation of the real effective exchange rate of RMB in the long term will lead to the decrease of foreign direct investment, but the fluctuation of exchange rate level has no direct impact on foreign direct investment. Based on the results of the above analysis, China should actively support foreign direct investment, fully guide foreign investment, standardize the exchange rate system and foreign investment system, and create a good market environment for attracting foreign investment. Further improve the mechanism of RMB exchange rate formation, maintain the stability of RMB exchange rate, and enhance the influence of RMB on the international market. Finally, according to the characteristics of China's foreign direct investment and the conclusion of empirical test, Put forward the policy suggestion of attracting foreign direct investment in our country in the future.
【學(xué)位授予單位】：首都經(jīng)濟(jì)貿(mào)易大學(xué)
【學(xué)位級別】：碩士
【學(xué)位授予年份】：2013
【分類號】：F832.6;F224

【引證文獻(xiàn)】

相關(guān)碩士學(xué)位論文 前1條

1 謝麗峰;中俄轉(zhuǎn)軌過程中匯率安排對貿(mào)易和FDI影響的比較研究[D];東北財經(jīng)大學(xué);2016年

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本文編號：1626174