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    Please use this identifier to cite or link to this item: https://nccur.lib.nccu.edu.tw/handle/140.119/95056


    Title: 僑外來台直接投資之決定因素─匯率面探討
    Authors: 羅鈴容
    Lo, Ling-Jung
    Contributors: 陳坤銘/饒秀華
    羅鈴容
    Lo, Ling-Jung
    Keywords: 來台直接投資、投資動機、實質匯率
    Date: 2009
    Issue Date: 2016-05-09 14:53:03 (UTC+8)
    Abstract: 台灣自1952年開始引進外人直接投資,成為台灣整體經濟活動中重要的一環,而觀察僑外來台投資的趨勢,發現在1980年帶短時間內有巨幅的增長,因此本研究欲探究在此時期影響來台投資的主要原因為何。且由於台灣自1979年起開始為機動匯率時期,因此本研究將針對實質匯率對直接投資的影響作一深入的探討。

    本文以 Chen et al. (2006) 的模型為基礎,檢驗選取之九產業1982-2008年間的長期追蹤資料,結合產業來台直接投資動機間的差異,深入瞭解實質匯率是否對其投資決策行為有不同的影響,並以最大概似估計法 (Maximum Likelihood Estimator, MLE) 估計的 Tobit 迴歸分析模型做為分析工具。

    實證結果顯示,當來台投資產業為市場導向時,台幣實質匯率的升值與預期其升值,都將使廠商增加來台投資;但預期台幣實質匯率的升值也會使得成本導向的廠商增加來台投資量。台灣相對來台投資國的工資率提高,將阻卻來台投資的決策行為。在台產業的市場大小,也會影響廠商的投資意願,當產業在台灣的市場較大時,會提高僑外資投資的意願。而匯率波動所造成的不確定性,可能由於以來台直接投資替代出口商品到台灣,使來台直接投資量上升。
    Reference: 林少龍(1998),「由供給面分析外人來台直接投資的決定因素」,《亞太管理評論》,第3卷第1期,頁59-72。
    邱魏頌正,黃秋閔(2004),「外人直接投資、貿易與經濟成長-東亞與拉丁美洲實證之研究」,《環境與管理研究》第五卷第一期。
    洪世章 (2005),「台灣新竹科學工業園區之演化」,行政院國家科學委員會專題研究計畫。
    張輔仁(2007),「外人來台直接投資之決定因素─就租稅面探討」,政治大學財政研究所。
    陳忠榮、楊志海(1999),「台灣對外直接投資的決定因素-擴張型與防禦型的比較」,《經濟論文叢刊》,27:2,215-240。
    陳美玲、王凱立、吳家豪(2004),「台灣對外直接投資、出口及匯率動態關聯之研究:多變量時間序列模型之應用」,《農業經濟半年刊》,第76期,109-143。
    廖淑美 (2002),「經濟開放程度、失業率與外人對台直接投資:總體經濟環境差異性之分析」,中原大學國際貿易所碩士論文。指導教授:吳博欽。
    劉孟俊 (2006),「2006 年僑外投資事業營運狀況調查及對我國經濟發展貢獻分析報告(調查年度:2005 年)」。
    劉孟俊 (2007),「2007 年僑外投資事業營運狀況調查及對我國經濟發展貢獻分析報告(調查年度:2006 年)」。
    劉孟俊 (2008), 「2008 年僑外投資事業營運狀況調查及對我國經濟發展貢獻分析報告(調查年度:2007 年)」。
    薛琦(1987),「我國產業的技術移轉與技術發展」,《中美技術季刊》,第32卷第4期, 89-90。
    簡淑綺(2006),「兩岸外人直接投資之發展與未來趨勢」,《兩岸經濟統計月報》,159期。


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    Description: 碩士
    國立政治大學
    國際經營與貿易學系
    96351015
    Source URI: http://thesis.lib.nccu.edu.tw/record/#G0096351015
    Data Type: thesis
    Appears in Collections:[國際經營與貿易學系 ] 學位論文

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