转型国家外商直接投资影响因素分析——来自东欧四国的经验证据

A Study on the Determinants of FDI in the Transitional Countries: Take Eastern Europe as an Example

对转型国家外商直接投资流入的影响因素进行了理论分析,并以西方转型国家中比较具有代表性的东欧四国为例,基于面板数据,构建计量经济模型对其进行了实证检验。分析结果显示,本国货币贬值与国民购买力(人均国内生产总值)对转型国家的FDI流入具有正面影响。这说明东道国的FDI流入很大程度上决定于其本身的经济表现。因此,致力于本身投资环境的健全,并维持稳定的政治经济局势是转型国家应持续努力的目标。

The paper makes the theoretical analysis of determinants of FDI in the transitional countries, and, based on the panel data, makes an empirical study by taking the four countries of Eastern Europe as the example. The analysis shows that the depreciation of domestic money and the purchase power （GDP per capita） have positive influence on the FDI inflows of the countries in Eastern Europe, which proves that the FDI inflows of the host country is decided chiefly by its own economic performance. So a good economic environment and stable political and economic situation are essential for every country to attract appropriate FDI.