English  |  正體中文  |  简体中文  |  Post-Print筆數 : 27 |  Items with full text/Total items : 109952/140891 (78%)
Visitors : 46246611      Online Users : 1119
RC Version 6.0 © Powered By DSPACE, MIT. Enhanced by NTU Library IR team.
Scope Tips:
  • please add "double quotation mark" for query phrases to get precise results
  • please goto advance search for comprehansive author search
  • Adv. Search
    HomeLoginUploadHelpAboutAdminister Goto mobile version
    Please use this identifier to cite or link to this item: https://nccur.lib.nccu.edu.tw/handle/140.119/37442


    Title: 世界各國對中國投資之決定因素—北京、上海與廣東之比較
    Determinants of Foreign Direct Investment in China: The Comparative Study between Beijing, Shanghai and Guangdong
    Authors: 鄭惠珍
    Cheng, Hui-Chen
    Contributors: 黃智聰
    Huang, Jr-Tsung
    鄭惠珍
    Cheng, Hui-Chen
    Keywords: 中國
    外商直接投資
    固定效果模型
    隨機效果模型
    China
    Foreign Direct Investment
    Fixed-Effect Model
    Random-Effect Model
    Date: 2005
    Issue Date: 2009-09-19 13:51:16 (UTC+8)
    Abstract: 自1978年中國開始經濟的改革開放政策以來,吸引外資便成為其推動經濟成長的重要手段之一。1992年鄧小平南巡,再一次宣示建立「社會主義的市場經濟體制」後,由於開放的經濟政策更為明朗,使越來越多的國家到中國直接投資。自此,中國成為全世界最受歡迎的外資投資國之一。甚至在2002年超越美國,成為全世界最大的外資接受國。如此多的國家對中國展開大規模的投資,其投資的規模與投資地區的選擇卻有相當大的差異。因此,本文的研究目的,將以1993至2003年世界各國對中國投資的追蹤資料(panel data),搭配固定效果模型(fixed-effect model)與隨機效果模型(random-effect model)的估計,並以目前中國沿海發展具代表性的北京、上海與廣東三個省(市)之比較,探究影響世界各國對中國直接投資的決定因素。

    實證結果發現影響外商直接投資北京、上海與廣東的決定因素中,顯著影響的變數為相對工資率、對中國貿易依存度、相對匯率以及相對借貸成本。而其餘的變數,如相對國內生產毛額、相對每人國內生產毛額和相對國家風險等皆不顯著,反映了其皆非外商直接投資中國時所考量的決定因素。
    Since 1978, China has adopted the so-called “open door policy”, attracting foreign direct investment (FDI) has become one of the most important methods to facilitate its economic growth. However, foreign countries didn’t invest large amount toward China until Deng Xiaoping’s southern trip in 1992. The purpose of this study is thus to investigate the determinants of FDI from different foreign countries to different regions in China after foreign countries started to invest tremendous amount toward China.

    This study adopts fixed-effect model and random-effect model to investigate the determinants of FDI in China with panel data of Beijing, Shanghai and Guangdong during the period of 1993-2003. The result shows relative wage rate, trade dependence to China, relative exchange rate and relative borrowing cost are the most important factors in attracting FDI in Beijing, Shanghai and Guangdong during 1993-2003.

    Finally, in order to reduce the mistakes occurred in positive models and enable the study more rigorous, then uses more methods to test the models and the result.
    Reference: 一、中文文獻
    林俊儒(2003),《中國大陸外商直接投資之決定性因素實證》。台北:國立
    政治大學財政研究所碩士論文。
    林智傑(2003),《製造業海外直接投資區位選擇決定因素之探討-以中國、
    美國及東協五國為例》。台北:東吳大學經濟學研究所碩士論文。
    翁鳳吟(2005),《廠商特性和資源配置型態與大陸投資決策及投資績效之關
    聯性研究》。台北:國立政治大學會計研究所碩士論文。
    高 長(1994),《大陸經改與兩岸經貿關係》。台北:五南圖書出版有限公
    司。
    陳哲正 (2003),《台商製造業投資中國大陸區位選擇之研究》。台北:國
    立政治大學地政研究所碩士論文。
    黃智聰、歐陽宏(2005),「世界各國對中國大陸直接投資決定因素之研
    究」,《遠景基金會季刊》(台北),7(2),頁139~178。
    黃智聰、潘俊男(2002),「大陸地區製造業產業結構的決定因素」,《中國
    大陸研究》(台北),45(2),頁97~123。
    樊勇明(1992),《中國的工業化與外國直接投資》。上海:上海社會科學出
    版社。
    嚴德開(2001),《現今台商赴大陸地區投資比較優勢與遭遇問題之探討-以
    資訊電子業、銀行業為例》。台北:國立政治大學金融研究所碩士論文。
    二、英文文獻
    Ajami, Raid A. and Ran BarNiv (1984), “Utilising Economic
    Indicators in Explaining Foreign Investment in the
    US.”Management International Review, 24(4), 16-26.
    Aliber, Robert Z. (1970), A Theory of Direct Foreign
    Investment. in Kindleberger, C. P. (ed.) The
    International Corporation. Cambridge Mass: MIT Press.
    Barrell, Ray and Nigel Pain (1996), “An Econometric
    Analysis of US Foreign Direct Investment.” Review of
    Economics and Statistics, 78(2), 200-207.
    Chen, Chin-Hsin (1996), “Regional Determinants of Foreign
    Direct Investment in Mainland China.” Journal of
    Economic Studies, 23(2), 18-30.
    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.
    Culem, Claudy G. (1988), “The Locational Determinant of
    Direct Foreign Investment Among Industrialised
    Countries.” European Economic Review, 32(2), 885-904.
    Cushman, David (1985), “Real Exchange Rate Risk,
    Expectations, and the Level of Direct
    Investment.”Review of Economics and Statistics, 67(2),
    197-308.
    Dees, Stephane (1998), “Foreign Direct Investment in
    China: Determinants and Effects.” Economics of
    Planning, 31(2-3), 175-194.
    Dunning, John H. (1993), Multinational Enterprises and the
    Global Economy. Workingham, England and Reading, Mass:
    Addison Wesley.
    Feng, Yi and Hui Zhang (2000), “Provincial Distribution of
    Direct Foreign Investment in China: A Pooled Time-
    Series Empirical Study.” In Chen, Baizhu, J. Kimball
    Dietrich, and Yi Feng (eds.), Financial market reform
    in China: Progress, Problems, and Prospects. Political
    Economy of Global Interdependence Series. Boulder and
    Oxford: Westview Press. 401-424.
    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.
    Grosse, Robert and Len J. Trevino (1996), “Foreign Direct
    Investment in the United States: An Analysis by Country
    of Origin.” Journal of International Business Studies,
    27(1), 139-155.
    Hausman, Jerry A. (1978), “Specification Tests in
    Econometrics.” Econometrica, 46(6), 1251-1271.
    Head, Keith and John Rise (1996), “Inter-City Competition
    for Foreign Investment: Static and Dynamic Effects of
    China`s Incentive Areas.” Journal of Urban Economics,
    40(2), 38-60.
    Hill, Carter R., William E. Griffiths, and George E. Judge
    (2001), Undergraduate Econometrics, New York: John
    Wiley & Sons, c2001.
    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.
    Hsiao, Cheng and Victor Gastanaga(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.
    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.
    Hymer, Stephen (1976), The International Operations of
    National Firms, Cambridge, MIT press.
    Jeon, Yoong-Deok (1992), “The Determinants of Korean
    Foreign Direct Investment in Manufacturing
    Industries.” Weltwirtschaftliches Archiv, 128, 527-541.
    Kobrin, Stephen J. (1979), “Political Risk: A Review of
    Reconsideration.” Journal of International Business
    Studies, 10(1), 67-80.
    Kumar, Nagesh (1994), “Determinants of Export Orientation
    of Foreign Production by US Multinational: an Inter-
    Country Analysis.” Journal of International Business
    Studies, 25(1), 141-156.
    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. 2003.
    Liu, Xiaming, Haiyan Song, Yingqi Wei, and Peter Romilly
    (1997), “Country Characteristics and Foreign Direct
    Investment in China: A Panel Data
    Analysis.”Weltwirtschaftliches Archiv, 133(2), 313-329.
    Lucus, Robert E. B. (1993), “On the Determinants of
    Foreign Direct Investment: Evidence from East and
    Southeast Asia.” World Development, 21(3), 391-406.
    Moore, Michael O. (1993), “Determinants of German
    Manufacturing Direct Investment: 1980-
    1988.”Weltwirtschaftliches Archiv, 129(1), 120-138.
    Pain, Nigel (1993), “An Econometric Analysis of Foreign
    Direct Investment in the United Kingdom.” Scottish
    Journal of Political Economy, 40(1), 1-23.
    Pain, Nigel (1997), “Continental Drift: European
    Integration and the Location of UK Foreign Direct
    Investment.” Manchester School Supplement, 65, 94-117.
    Pitelis, Christos (1996), “Effect Demand, Outward
    Investment and the (Theory of) Transnational
    Corporation: An Empirical Investigation.” Scottish
    Journal of Political Economy, 43(2), 192-206.
    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.
    Tallman, Stephen B. (1988), “Home Country Political Risk
    and Foreign Direct Investment in the United
    States.”Journal of International Business Studies, 19
    (2), 219-234.
    Vernon, Raymond (1966), “International Investment and
    International Trade in the Product Trade.” Quarterly
    journal of Economics, 80, 190-207.
    Wang, Zhen-Quan and Nigel J. Swain (1995), “The
    Determinants of Foreign Direct Investment in
    Transforming Economics: Empirical Evidence from Hungary
    and China.” Weltwirtschaftliches Archiv, 131(2), 359-
    382.
    Wei, Shang-Jin (1995), “Foreign direct investment in
    China: Sources and consequences,” in Ito, T. and
    Krueger, A.O.(eds), Financial Deregulation and
    Integration in East Asia, NBER-East Asia Seminar on
    Economics, Vol. 5 University of Chicago Press.
    Wei, Yingqi and Xiaming Liu (2001), Foreign Direct
    Investment in China: Determinants and Impact,
    Cheltenham, Glos, U.K.; Northampton, Mass: Edward
    Elgar, c2001.
    Wheeler, David and Ashoka Mody (1992), “International
    Investment Location Decisions: the Case of U.S.
    Firms.” Journal of International Economics, 33(1-2),
    57-76.
    Zhang, Kevin Honglin (2000), “Why Is US Direct Investment
    in China So Small?” Contemporary Economic Policy, 18
    (1), 82-94.
    Description: 碩士
    國立政治大學
    行政管理碩士學程
    93921020
    94
    Source URI: http://thesis.lib.nccu.edu.tw/record/#G0093921020
    Data Type: thesis
    Appears in Collections:[行政管理碩士學程(MEPA)] 學位論文

    Files in This Item:

    File Description SizeFormat
    92102001.pdf57KbAdobe PDF21889View/Open
    92102002.pdf83KbAdobe PDF21623View/Open
    92102003.pdf91KbAdobe PDF21827View/Open
    92102004.pdf81KbAdobe PDF21672View/Open
    92102005.pdf171KbAdobe PDF22082View/Open
    92102006.pdf179KbAdobe PDF22332View/Open
    92102007.pdf296KbAdobe PDF25222View/Open
    92102008.pdf272KbAdobe PDF22137View/Open
    92102009.pdf265KbAdobe PDF22066View/Open
    92102010.pdf127KbAdobe PDF21761View/Open
    92102011.pdf77KbAdobe PDF21958View/Open


    All items in 政大典藏 are protected by copyright, with all rights reserved.


    社群 sharing

    著作權政策宣告 Copyright Announcement
    1.本網站之數位內容為國立政治大學所收錄之機構典藏,無償提供學術研究與公眾教育等公益性使用,惟仍請適度,合理使用本網站之內容,以尊重著作權人之權益。商業上之利用,則請先取得著作權人之授權。
    The digital content of this website is part of National Chengchi University Institutional Repository. It provides free access to academic research and public education for non-commercial use. Please utilize it in a proper and reasonable manner and respect the rights of copyright owners. For commercial use, please obtain authorization from the copyright owner in advance.

    2.本網站之製作,已盡力防止侵害著作權人之權益,如仍發現本網站之數位內容有侵害著作權人權益情事者,請權利人通知本網站維護人員(nccur@nccu.edu.tw),維護人員將立即採取移除該數位著作等補救措施。
    NCCU Institutional Repository is made to protect the interests of copyright owners. If you believe that any material on the website infringes copyright, please contact our staff(nccur@nccu.edu.tw). We will remove the work from the repository and investigate your claim.
    DSpace Software Copyright © 2002-2004  MIT &  Hewlett-Packard  /   Enhanced by   NTU Library IR team Copyright ©   - Feedback