fdi在發(fā)展中國家的決定因素分析外文翻譯-全文預(yù)覽
【正文】 could be used Developing countries list is reported in the Appendix. Hence, the forecasts related to main determinants of FDI in this study were obtained under these constraints. At the same time, some variables referred as FDI determinants by UNCTAC and used in literature were used in the same sampling. Panel data techniques has been used to estimate the FDI equations because of their advantages over crosssection and time series in using all the information available, which are not detectable in pure crosssections or in pure time series. In this study, the pool data (crosssection time series) has been created for 24 countries over 19752020 periods. T denotes the number of periods and N denotes the number of observations for each period. For making the evidence more reliable, five basic models were set up for analyses. After reliable estimators were derived from SUR and fully modified OLS (FMOLS) models, β convergence model was defined。 Cohen, 1993。D and tax have been found to have both negative and positive effects on FDI. Chakrabarti (2020) concludes that “the relation between FDI and many of the controversial variables (namely, tax, wages, openness, exchange rate, tariffs, growth and trade balance) are highly sensitive to small alterations in the conditioning information set”. The important question is “Why do panies invest abroad?” Dunning (1993) developed his theory by synthesizing the previously published theories, because existing explanations could not fully justify the existence of FDI. According to Dunning, international production is the result of a process affected by ownership, internalization and localization advantages. The latter is the most important: the factors based on which an investor selects a location for a project. These include the factors affecting the availability of local inputs such as natural resources, the size of the market, geographical location, the position of the economy, the cultural and political environment, factor prices, transport costs and certain elements of the economic policy of the government (trade policy, industrial policy, budget policy, tax policy, etc.). determinants of FDI: theory and evidence FDI has been regarded in the last decades as an effective channel to transfer technology and foster growth in developing countries. This point of view vividly contrasts with the mon belief that was accepted in some academic and political spheres in the 1950s and 1960s, according to which FDI was harmful for the economic performance of less developed countries. The theoretical discussion that permeated part of the development economics of the second half of the twentieth century has been approached from a new angle on the light of the New Growth Theory. Thus, the models built in this novel framework provide an interesting background in order to study the correlation between FDI and the growth rate of GDP (Calvo and Robles, 2020). In the neoclassical growth model technological progress and labor growth are exogenous, inward FDI merely increases the investment rate, leading to a transitional increase in per capita ine growth but has no longrun growth effect (Hsiao and Hsiao, 2020). The new growth theory in the 1980s endogenizes technological progress and FDI has been considered to have permanent growth effect in the host countr y through technology transfer and spillover. There is ongoing discussion on the impact of FDI on a host country economy, as can be seen from recent surveys of the literature (D
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