期刊文献+
任意字段
题名或关键词
题名
关键词
文摘
作者
第一作者
机构
刊名
分类号
参考文献
作者简介
基金资助
栏目信息

人民币实际有效汇率波动对FDI的影响——基于1980—2005年的数据 被引量：5

Effect of Renminbi Real Effective Exchange Rate Volatility on FDI——Based on Data from 1980 to 2005
下载PDF
导出
摘要 在前人的基础上加入一个汇率制度变量,考察汇率波动对FDI的影响。使用GARCH(1,1)模型求得汇率波动,发现我国的汇率波动与FDI的关系之间存在门槛效应:1994年以前大幅度的汇率波动阻碍了FDI的流入,1994年以后小幅度的汇率波动却促进了FDI的流入。说明只要保持实际有效汇率的相对稳定性,就能不断吸引FDI的流入。 Adding an exchange rate system variable based on predecessor＇ s, inspecting the effect of exchange rate volatility on FDI . Using GARCH （1, 1） model to obtain the exchange rate volatility, and discovering that there exists threshold effect between our country＇ s exchange rate volatility and the FDI , namely the large scale exchange rate volatility has hindered the FDI inflow before 1994 , but after 1994, the small scope exchange rate volatility actually promoted the FDI inflow. It believes, as long as keeping relative stability of real effective exchange rate, it can attract FDI to inflow unceasingly.
作者 谢罗奇 王双生
机构地区 湘潭大学商学院
出处 《北华大学学报（社会科学版）》 2007年第5期18-21,共4页 Journal of Beihua University(Social Sciences)
关键词 实际有效汇率 汇率波动 FDI 门槛效应 Real effective exchange rate Volatility FDI Threshold effect
分类号 F830.73 [经济管理—金融学]
  • 相关文献

参考文献4

  • 1[1]Linda S Goldherg,Charles D Kolstad.Foreign Direct Investment.Exchange Rate Variability and Demand Uncertainty[J].International Economic Review,1995,36(4):855-873.
  • 2[2]Patrick Crowley,Jim Lee.Exchange Rate Volatility and Foreign Investment:International Evidence[J].The International Trade Journal,2003,883(3).
  • 3邱立成,刘文军.人民币汇率水平的高低与波动对外国直接投资的影响[J].经济科学,2006(1):74-84. 被引量：66
  • 4[4]Noorbakhsh,F A Parlini,A Youssef.Human Capital and FDI Inflows to Developing Countries:New Empirical Evidence[J].World Developing,2001(9):1593-1610.

二级参考文献14

  • 1Amuedo-Dorantes, C. and Pozo, S. (2001): "Foreign Exchange Rates and Foreign Direct Investment in the United States. " [J] International Trade Journal, Vol. XV, No. 3, pp. 323-343.
  • 2Campa, J.M. (1993) : "Entry by Foreign Firms in the United States under Exchange Rate Uncertainty. "[J] Review of Economics and Statistics ,Vol. LXXV, pp. 614 - 622.
  • 3Campa, J. M. and Goldberg, L.S. (1995): "Investment in Manufacturing, Exchange-Rates and External Exposure. " [J] Journal of International Economics, Vol. 38, pp. 297-320.
  • 4Campa, J.M. and Goldberg, L.S. (1999): "Investment, Pass-through and Exchange Rates: A Crosscountry Comparison. " [J] International Economic Review, Vol. 40, No. 2, pp. 287 - 314.
  • 5Cushman, D.O. (1985): "Real Exchange Rate Risk, Expectations and the Level of Direct Investment. "[J] Review of Economics and Statistics, Vol. 67, No. 2, pp. 297-308.
  • 6Cushman, D.O. (1988):"Exchange Rate Uncertainty and Foreign Direct Investment in the United States. " [J] Weltwirtscha ftliches Archivha, No. CXXIV, pp. 322 - 335.
  • 7Darby, J. ; Hallett, A. ; Ireland, J. and Piseitelli, L. (1999) : "The impact of exchange rate uncertaintyon the level of investment. " [J] The Economic Journal, March, Vol. 106, pp. 55-67.
  • 8Davidson, J. E.;Hendry, D. F. ; Srba, F. and Yeo, S. (1978) : "Econometric modeling of the aggregate time series relationship between consumers' Expenditure and income in the United Kingdom. " [J] Economic Journal, Vol. 88, pp. 661-692.
  • 9Froot, K. and Stein, J. (1991): "Exchange Rates and Foreign Direct Investment: An Imperfect Capital Market Approach. " [J] Quarterly Journal of Economics, Vol. 106, No. 4, pp. 1191 - 1217.
  • 10Jie Qin (2000) : "Exchange Rate Risk and Two-way Foreign direct investment. " [J] International Journal of Finance and Economics, Vol. 5, pp. 221-231.

共引文献65

同被引文献30

引证文献5

北华大学学报（社会科学版）
2007年 第5期

相关作者

内容加载中请稍等...

相关机构

内容加载中请稍等...

相关主题

内容加载中请稍等...

浏览历史

内容加载中请稍等...
;
使用帮助 返回顶部