【摘要】：在經(jīng)濟全球化的背景下,國與國之間的對外直接投資具有越來越重要的意義。伴隨著我國經(jīng)濟的增長和“走出去”步伐的加快,我國的對外直接投資發(fā)展迅速。人民幣匯率面臨不斷升值的壓力,其對我國企業(yè)的對外直接投資產(chǎn)生一定程度的影響。本文通過對已有國內外文獻進行回顧,發(fā)現(xiàn)發(fā)展中國家匯率與對外直接投資的關系并沒有一個統(tǒng)一的結論。接下來介紹了我國匯率制度改革的過程與我國對外直接投資的發(fā)展歷程,并詳細分析了我國現(xiàn)階段對外直接投資的特點。然后以我國1985-2010年人民幣實際有效匯率、人均國內生產(chǎn)總值、對外直接投資流量為研究變量,運用實證分析模型,分析了人民幣匯率與匯率制度改革如何在長短期影響我國總體對外直接投資。隨后利用2002-2010年的時間序列數(shù)據(jù)分析匯率對我國各行業(yè)對外直接投資的影響。研究發(fā)現(xiàn),匯率在長短期都正向影響我國總體對外直接投資,即人民幣升值會促進我國對外直接投資的增加。匯率制度改革對我國對外直接投資的影響程度不同,1994年的匯率制度改革之前,人民幣反向影響對外直接投資,1994年匯率制度改革之后,人民幣正向影響對外直接投資,并且2005年的匯率制度改革對我國對外直接投資有更大的促進作用。大部分行業(yè)的對外直接投資與匯率呈現(xiàn)顯著正相關關系。本文最后根據(jù)我國匯率與對外直接投資的特點,結合實證分析結果,對于目前人民幣變動情況下我國如何更好的發(fā)展對外直接投資,提出了些政策建議。
[Abstract]:Under the background of economic globalization, foreign direct investment (FDI) between countries is becoming more and more important. With the economic growth and the acceleration of "going out", China's foreign direct investment (OFDI) is developing rapidly. The RMB exchange rate is under constant pressure of appreciation, which has a certain degree of influence on the foreign direct investment of Chinese enterprises. By reviewing the domestic and foreign literature, this paper finds that there is no uniform conclusion on the relationship between exchange rate and foreign direct investment in developing countries. Then it introduces the process of exchange rate system reform and the development course of China's foreign direct investment, and analyzes the characteristics of China's current foreign direct investment in detail. Then taking the real effective exchange rate of RMB from 1985 to 2010, per capita GDP and FDI flow as the research variables, the empirical analysis model is used. This paper analyzes how the RMB exchange rate and exchange rate regime reform affects China's overall foreign direct investment in the long and short term. Then we use the time series data from 2002 to 2010 to analyze the impact of exchange rate on foreign direct investment (FDI). It is found that the exchange rate has a positive effect on China's overall foreign direct investment in the long and short term, that is, the appreciation of RMB will promote the increase of China's foreign direct investment. The impact of exchange rate regime reform on China's foreign direct investment is different. Before the exchange rate system reform in 1994, the RMB negatively affected foreign direct investment, and after the 1994 exchange rate system reform, the renminbi positively affected foreign direct investment. Moreover, the exchange rate system reform in 2005 will promote China's foreign direct investment (OFDI). There is a significant positive correlation between OFDI and exchange rate in most industries. Finally, according to the characteristics of China's exchange rate and foreign direct investment, combined with the results of empirical analysis, this paper puts forward some policy recommendations on how to better develop foreign direct investment in China under the current situation of RMB change.
【學位授予單位】：青島大學
【學位級別】：碩士
【學位授予年份】：2012
【分類號】：F832.6

【引證文獻】

相關碩士學位論文 前1條

1 涂春麗;人民幣匯率對中國對外直接投資影響分析[D];重慶師范大學;2013年

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本文編號：2141412