Please use this identifier to cite or link to this item:
The Influence of Region’s Political Power in Central Government on Regional Foreign Direct Investment in China after 1997
Foreign Direct Investment
|Issue Date: ||2009-09-18 11:01:33 (UTC+8)|
Since the implementation of opening policies in 1979, China has increasingly utilized overseas funds actively to accelerate industrialization and industrial promotion. From the beginning of the “Open Door” policy in 1979 to 2006, China has received $882.038 billion in foreign direct investment (FDI). Indeed, China is the largest developing country of FDI.
As a matter of fact, numerous political and economic reasons will attract FDI. This paper uses political power as a new variable that no one has considered it as a political factor of determining FDI before. Panel data analysis is adopted because this paper aims to examine the determinants of FDI distribution across provinces and over time. Therefore, this paper adopts panel data analysis. According to regression model, political power actually affects FDI positively but the effect of influence is decreasing in course of time. However, this paper specially investigates the impact of political power on FDI that no one has discussed before so this paper can be regarded as a complementary paper in studying FDI.
|Reference: ||Bo, Zhi-yue (2004), “The 16th Central Committee of the Chinese Communist Party: Formal Institutions and Factional Groups.” Journal of Contemporary China, 13(39), 223-256.|
Breusch, Trevor S. and Adrian Rodney Pagan (1980), “The Lagrange Multiplier Test and Its Applications to Model Specification in Econometrics.” Review of Economic Studies, 47(1), 239-253.
Chen, Chien-Hsun (1996), “Regional determinants of foreign direct investment in mainland China.” Journal of Economic Studies, 23(2), 18-30.
Cheng, Hsiao (1986), Analysis of panel data, Econometric Society Monographs, no. 11 Cambridge; New York and Sydney: Cambridge University Press.
Cheng, Hsiao and Victor Gastañaga (2001), “Factors Affecting Foreign Direct Investment--With Analysis of the Disparity between the Costal and Western Regions of China.” Review of Pacific Basin Financial Markets and Policies, 4(4), 479-493.
Cheng, Leonard K. and Yum K. Kwan (2000), “What are the Determinants of Location of Foreign Direct Investment? The China Experience.” Journal of International Economics, 51(2), 379-400.
Coughlin, Cletus C. and Eran Segev (2000), “Foreign Direct Investment in China: A Spatial Econometric Study.” World Economy, 23(1), 1-23.
Coughlin, Cletus C., Joseph V. Terza and Vachira Arromdee (1991), “State Characteristics and the Location of Foreign Direct Investment within the United States.” The Review of Economics and Statistics, 73(4), 675-683.
Dees, Stephane (1998), “Foreign Direct Investment in China: Determinants and Effects.” Economics of Planning, 31(2-3), 175-194.
Dunning, John H. (1988), “The Eclectic Paradigm of International Production: A Restatement and Some Possible Extensions.” Journal of International Business Studies, 19(1), 1-31.
Froot, Kenneth A. and Jeremy Stein (1991), “Exchange Rates and Foreign Direct Investment: An Imperfect Capital Markets Approach.” Quarterly Journal of Economics, 106(4), 1191-1217.
Hausman, Jerry A. (1978), “Specification Tests in Econometrics.” Econometrica, 46(6), 1251-1271.
Hill, Carter R., William E. Griffiths, and George E. Judge (2001), Undergraduate Econometrics, New York: John Wiley and Sons.
Ho, Owen, C.H. (2004), ”Determinants of Foreign Direct Investment in China: A Sectoral Analysis.” Association for Chinese Economics Studies, Australia (ACESA) Brisbane, QLD, 19-20.
Hong, Mao and Luo-Shou Chen (2001), “Quantitative and Dynamic Analysis of the OLI Variables Determining FDI in China.” Review of Urban and Regional Development Studies, 13(2), 163-172.
Hsu, Philip, Szue-Chin (2007), “The Horizontal and Vertical Competition in China’s Central-Provincial Relations, 1993-2004: Issue Linkage between Elite Politics and Fixed Asset Investment.” Mainland China Studies, 50(2), 1-33.
Huang, Fanzhang (1995), “China’s Utilization of Foreign Capital and the Related Policies.” Journal of Asian Economics, 6(2), 217-232.
Huang, Jr-Tsung (2004), “Spillover from Taiwan, Hong Kong, and Macau Investment and from Other Foreign Investment in Chinese Industries.” Contemporary Economic Policy, 22(1), 13-25.
Huang, Jr-Tsung and Ou-Yang Hong (2006), “The Determinants of Direct Investment from Foreign Countries toward China.” Prospect Quarterly, 7(2), 139-178.
Huang, Jr-Tsung, An-Pang Kao and Tzu-Ying Yu (2004), “An Analysis of Unequal Distribution of Foreign Investment among Regions in China.” Mainland China Studies, 47(2), 33-55.
Huang, Jr-Tsung, Chun-Chien Kuo, and An-Pang Kao (2003), “The Inequality of Regional Economic Development in China between 1991 and 2001.”Journal of Chinese Economic and Business Studies, 1(3), 273-285
Kuo, Chun-Chien and Jr-Tsung Huang, (2003), “A Regional Analysis on the Determinants of Foreign Direct Investment toward Mainland China.” Paper Presented at the Western Economic Association International Pacific Rim Conference, January 9-12.
Liu, Xia-Ming, Hai-Yan Song, Ying-Qi Wei, and Peter Romilly (1997), “Country Characteristics and Foreign Direct Investment in China: A Panel Data Analysis.” Weltwirtschaftliches Archiv, 133(2), 313-329.
Naughton, Barry (1987), “The Decline of Central Control over Investment in Post-Mao China. ” Policy Implementation in the People’s Republic of China.
Naughton, Barry (1988), “The third front: defense industrialization in Chinese interior.” China Quarterly, 115, 351-386.
State Statistical Bureau (1998-2007), China Statistical Yearbook. Beijing: Chinese Statistical Press.
State Statistical Bureau (1998-2007), Chongqing Statistical Yearbook. Beijing: Chinese Statistical Press.
Su, Fu-Bing and Da-Li L.Yang (2000), “Political Institutions, Provincial Interests, and Resource Allocation in Reformist China.” Journal of Contemporary China, 9(24), 215-230.
Sun, Qian, Wilson Tong and Qiao Yu (2002), “Determinants of Foreign Direct Investment across China,” Journal of International Money and Finance, 21(1), 79-113.
Wang, Chia-Chou (2004), “The Central and Local Relationship After the 16th Congress of CCP—Analysis by the Method of Allocation of Political Interest.” Soochow Journal of Political Science, 18, 159-181.
Wei, Ying-Qi , Xia-Ming Liu, David Parker and Kirit Vaidya (1999), “The Regional Distribution of Foreign Direct Investment in China.” Regional Studies, 33(9), 857-867.
White, Halbert (1980), “A Heteroskedasticity-Consistent Covariance Matrix Estimator and a Direct Test for Heteroskedasticity.” Econometrica, 48(4), 817-838.
|Source URI: ||http://thesis.lib.nccu.edu.tw/record/#G0095255033|
|Data Type: ||thesis|
|Appears in Collections:||[財政學系] 學位論文|
All items in 政大典藏 are protected by copyright, with all rights reserved.