外商直接投資與制度環(huán)境--在轉(zhuǎn)型經(jīng)濟(jì)體中的作用研究外文翻譯-環(huán)境工程-在線瀏覽
2025-07-31 12:29本頁面
【正文】 of transition economies significantly influences the inflow of foreign capital. The analysis regarding the impact of institutional environment on FDI was carried out in two phases. First, the results of the correlation analysis using the Heritage Foundation data as an indicator of institutional quality showed that regulation, property rights protection, and black market had the strongest impact on FDI. FDI environment was fourth, followed by the wages and prices index. By dividing the analysed economies into two groups, it was shown that the economies with a Heritage Foundation Index of or less had received on average five times the amount of FDI per capita inflow of the group with poorer institutional framework, ., with a Heritage Foundation Index greater than . To isolate the importance of institutions from the impact of other, especially economic factors, a panel data analysis was run. It confirmed that the quality of the overall institutional framework was among the factors that in the analyzed period had a significant impact on the level of FDI in transition economies. Other 7 variables that proved to have had a statistically significant influence were budget deficit, insider privatization, and labour cost per hour. Also the EU accession dummy had an impact. As far as the policy implications are concerned, the results of the analysis point to the role of the state as an institution builder. In this role the governments of transitional countries should focus primarily on creating a good legal system. Private property rights protection and the rule of law have turned out to be crucial for attracting foreign investors. In the past decade, most FDI has flown to those transition economies that managed to establish an efficient and transparent legal system and had relatively stable political and economic conditions. Only the economies with rich natural resources seem to be an exemption to this rule.(未完 ) 8 譯 文： 外商直接投資與制度環(huán)境 在轉(zhuǎn)型經(jīng)濟(jì)體中的作用研究 Andrej Sujan 引 言 我們分析外商直接投資與制度環(huán)境的質(zhì)量之間的過度經(jīng)濟(jì)關(guān)系。 see also Billington 1999, Bevan and Estrin 2020). Crossborder capital flows (their magnitude as well as position and stability) are important for the success of transition (Garibaldi et al. 2020, Neuhaus 2020). Although over the last fifteen years many transition economies have recorded negative experiences with foreign fastprofit seekers and asset strippers, there are several cases showing that FDI is actually contributing to growth. After receiving significant amounts of foreign capital, for example, Slovakia, Romania, and Bulgaria have recently been recording high rates of growth. To a considerable extent this growth can be explained also by the exportled model of growth, since FDI not only brought new technology, knowledge, and employment to these countries but also opened new markets for them. One of the most important determinants of FDI flows to a country is the quality of its institutional framework. According to Pejovich (1990, p. 25–34), there are three basic institutions that define the nature of the capitalist system: private property rights, the law of contracts, and a strong but limited government. The positive impact that property rights protection and the respect of contracts have for a market economy has been empirically confirmed by many authors (., La Porta et al. 1999, 2020。 1 本科畢業(yè)論文外文翻譯 外文題目： Foreign Direct Investment and Institutional Environment in Transition Economies 出 處 :Transition Studies Review 作 者： Andrej Sujan Foreign Direct Investment and Institutional Environment in Transition Economies Andrej Su?jan ABSTRACT We analysed the rela
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