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日元汇率波动及对华直接投资影响的实证研究

Empirical Study on Relationship between Japanese Exchange Rate Volatility and Japan's Direct Investment into China
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摘要 使用1989～2007年日本对我国8个制造业部门的外商直接投资数据和日元对人民币汇率数据,采用面板数据的GLS回归分析,研究发现:日元汇率波动对日本对华直接投资的影响存在显著的行业效应,具体为,日元升值显著促进日本对我国8个制造业部门的直接投资,日元贬值则抑制直接投资,且各行业间的影响程度有差别;日元汇率波动性对每个行业的影响均是负的,且对电子与运输设备行业的影响是显著的。 We use panel data of Japan＇s Foreign Direct Investment into Chinese eight manufacturing industry from 1989 to 2007 ,and analyze them with GLS, our conclusion is：there exists significantly industry phenomena ; the yen＇s appreciation against Chinese currency will promote Japan＇s investment into China, but extent is different among industries; Japanese exchange rate volatility will discourage investment into every individual industry, and it＇s effect in electrical and transportation industry is significant.
作者 冉茂盛 许文艳 杜家庭
机构地区 重庆大学经济与工商管理学院
出处 《世界科技研究与发展》 CSCD 2009年第4期769-772,共4页 World Sci-Tech R&D
关键词 外商直接投资 汇率 波动性 foreign direct investment exchange rate volatility
分类号 F833.13 [经济管理—金融学] F832.6 [经济管理—金融学]
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参考文献10

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共引文献22

世界科技研究与发展
2009年 第4期

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