fdi在發(fā)展中國家的決定因素分析外文翻譯-wenkub
2023-05-19 18:53:23 本頁面
【正文】 The real exchange rate produces a positive effect when it is bined with openness, domestic investment and government consumption. When domestic investment is excluded, the effect bees negative. This supports the argument that an efficient environment that es with more openness to trade is likely to attract foreign firms. This conclusion is also supported by Asiedu (2020) and Edwards (1990). In this model, investment tax and wages have a negative impact on FDI, while infrastructure and market size have a significantly positive impact on FDI. Generally, only in the case of export oriented FDI, cheap labor in terms of lower wages works as an incentive (Wheeler and Mody, 1992). On the other hand Tomiura39。 Fan, 2020。 operations can be integrated into investors39。 中文 3568 字 畢業(yè)論文外文翻譯 外文題目 ： Analyses of FDI determinants in developing countries 出 處： (36):105123. 作 者： Recep Kok,Bernur Acikgoz Erso y 原文： Analyses of FDI determinants in developing countries Recep Kok,Bernur Acikgoz Ersoy ABSTRACT Purpose: The purpose of this paper is to investigate the best determinants of foreign direct investment (FDI) in developing countries. Design/methodology/approach: This paper investigates whether FDI determinants affect FDI based on both a panel of data (FMOLSfully modified OLS) and crosssection SUR (seemingly unrelated regression) for 24 developing countries, over the period 19832020 for FMOLS and 19762020 for crosssection SUR. Findings: The interaction of FDI with some FDI determinants have a strong positive effect on economic progress in developing countries, while the interaction of FDI with the total debt service/GDP and inflation have a negative impact. The most important determinant of FDI is the munication variable. Trade has traditionally been the principal mechanism linking national economies in order to create an international economy. FDI is a similar mechanism linking national economies。 global strategies. The overall quality of the host country39。 Lim, 2020). According to the neoclassical growth theory model, FDI does not affect the longterm growth rate. This is understandable if we consider the assumptions of the model, namely: constant economies of scale, decreasing marginal products of inputs, positive substitution elasticity of inputs and perfect petition (Sass, 2020). Within the framework of the neoclassical models (Solow, 1956), the impact of FDI on the growth rate of output was constrained by the existence of diminishing returns in the physical capital. Therefore, FDI could only exert a level effect on the output per capita, but not a rate effect. In other words, it was unable to alter the growth rate of output in the long run (Calvo and Robles, 2020). As a consequence, of endogenous growth theory, FDI has a newlyperceived potential role in the growth process (BendeNabende and Ford, 1998). In the context of the New Theory of Economic Growth, however, FDI may affect not only the level of output per capita but also its rate of growth. This literature has developed various hypotheses that explain why FDI may potentially enhance the growth rate of per capita ine in the host country (Calvo and Robles, 2020). However, the endogenous growth theory, which dispenses with the assumption of perfect petition, leaves more scope for the impact of FDI on growth. In this theoretical framework, investment, including FDI, affects the r
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