Purpose–With the development of economy,China’s OFDI constantly increase in recent year.Meanwhile,OFDI hasspillovereffectoneconomicdevelopmentandtechnologicaldevelopmentofhomecountry.Thus,accurateOFDI prediction is ...Purpose–With the development of economy,China’s OFDI constantly increase in recent year.Meanwhile,OFDI hasspillovereffectoneconomicdevelopmentandtechnologicaldevelopmentofhomecountry.Thus,accurateOFDI prediction is a prerequisite for the effective development of international investment strategies.The purpose of this paper is to predict China’s OFDI accurately using a novel multivariable grey prediction model with Fourier series.Design/methodology/approach–This paper applied a multivariable grey prediction model,GM(1,N),to forecast China’s OFDI.In order to improve the prediction accuracy and without changing local characteristics of grey model prediction,this paper proposed a novel grey prediction model to improve the performance of the traditionalGM(1,N)modelbycombiningwithresidualmodificationmodelusingGM(1,1)modelandFourierseries.Findings–The coefficients indicate that the export and GDP have positive influence on China’s OFDI,and,according to the prediction result,China’s OFDI shows a growing trend in next five years.Originality/value–This paper proposed an effective multivariable grey prediction model that combined the traditionalGM(1,N)modelwitharesidualmodificationmodelinordertopredictChina’sOFDI.Accurateforecasting of OFDI provides reference for the Chinese Government to implement international investment strategies.展开更多
文摘Purpose–With the development of economy,China’s OFDI constantly increase in recent year.Meanwhile,OFDI hasspillovereffectoneconomicdevelopmentandtechnologicaldevelopmentofhomecountry.Thus,accurateOFDI prediction is a prerequisite for the effective development of international investment strategies.The purpose of this paper is to predict China’s OFDI accurately using a novel multivariable grey prediction model with Fourier series.Design/methodology/approach–This paper applied a multivariable grey prediction model,GM(1,N),to forecast China’s OFDI.In order to improve the prediction accuracy and without changing local characteristics of grey model prediction,this paper proposed a novel grey prediction model to improve the performance of the traditionalGM(1,N)modelbycombiningwithresidualmodificationmodelusingGM(1,1)modelandFourierseries.Findings–The coefficients indicate that the export and GDP have positive influence on China’s OFDI,and,according to the prediction result,China’s OFDI shows a growing trend in next five years.Originality/value–This paper proposed an effective multivariable grey prediction model that combined the traditionalGM(1,N)modelwitharesidualmodificationmodelinordertopredictChina’sOFDI.Accurateforecasting of OFDI provides reference for the Chinese Government to implement international investment strategies.
