摘要
运用协整关系、误差修正模型实证研究了1980年～2009年人民币双边实际汇率对外商直接投资(以下简称FDI)流入的影响。研究结果表明:长期来看,人民币对美元升值不仅不会导致FDI流入的减少,反而能够促进FDI流入的增加;中国的开放度和政策稳定性使FDI流入呈现为显著的正向影响。
This paper empirically studies the impact of RMB bilateral real exchange rate on ,direct investment in China based on 1979-2008 data through co-integration analysis and error correction model, and finds that in the long run RMB ap- preciation against U.S. dollar will not lead to China＇s FDI inflow decrease but promote the FDI inflow increase, and China＇s openness and policy stability render a significant positive impact of FDI inflow.
出处
《价格月刊》
北大核心
2012年第7期40-43,共4页
