105上學期10404617 期末報告影片
台灣對外直接投資的流出:市場規模與政府政策的影響
學生:楊明芳
學號:10404617
授課教授:楊奕農
中原大學
台灣經濟屬於淺碟型經濟，且受限於缺乏自然資源，透過對外投資發展以求維持高度經濟發展，所以本文的主要目的即是探討台灣對外直接投資流出的決定因素。本研究使用2003年第三季至2015年第四季的時間數列資料共計50筆，以最小平方估計式(ordinary least
squares estimator，簡稱OLS)，估計台灣的對外直接投資流出外國市場規模、台灣國際收支餘額、貿易開放程度、台幣兌換美元匯率變動等四要素因子對台灣直接投資流出決定因素，結果顯示在的模型中，當外國市場規模越大、台灣國際收支餘額成長以及台幣貶值時都有利於增加台灣對外直接投資資金的流出。
關鍵字：外國人直接投資流出、台灣、市場規模、國際收支餘額、貿易開放、匯率
Keywords: Outward FDI, Taiwan, Foreign
Market size, Balance of payments, Trade openness, Exchange rate
JEL分類代碼F21
105上學期10404617期中報告影片
更新Malaysia’s outward FDI: The effects of market size and government policy
Soo Khoon Goh, , Koi Nyen Wong
Available online 23 December 2010
Abstract
This paper extends the empirical literature of Malaysia’s outward FDI (OFDI) by considering the impact of foreign market size and home international reserves using multivariate cointegration and error-correction modeling techniques. The empirical results reveal that there is a positive long-run relationship between Malaysia’s OFDI and its key determinants, viz. foreign market size, real effective exchange rate, international reserves and trade openness. The main findings suggest that apart from the market-seeking incentive and the adoption of outward-oriented policies, the Malaysian government could also encourage OFDI by implementing liberal policy on capital outflows. On the basis of these findings, we draw some policy implications for the country’s economic development and the internationalization of Malaysian firms in the era of globalization.
© 2010 Society for Policy Modeling. Published by Elsevier Inc. All rights reserved.
JEL classification: F210
Keywords: Outward
Available online 23 December 2010
Abstract
This paper extends the empirical literature of Malaysia’s outward FDI (OFDI) by considering the impact of foreign market size and home international reserves using multivariate cointegration and error-correction modeling techniques. The empirical results reveal that there is a positive long-run relationship between Malaysia’s OFDI and its key determinants, viz. foreign market size, real effective exchange rate, international reserves and trade openness. The main findings suggest that apart from the market-seeking incentive and the adoption of outward-oriented policies, the Malaysian government could also encourage OFDI by implementing liberal policy on capital outflows. On the basis of these findings, we draw some policy implications for the country’s economic development and the internationalization of Malaysian firms in the era of globalization.
© 2010 Society for Policy Modeling. Published by Elsevier Inc. All rights reserved.
JEL classification: F210
Keywords: Outward
沒有留言:
張貼留言