本文選題：資本流入 + 經(jīng)濟(jì)增長(zhǎng)�。� 參考：《廣西大學(xué)》2014年碩士論文

【摘要】：上世紀(jì)八十年代以來(lái),新加坡、馬來(lái)西亞等東盟國(guó)家相繼實(shí)行浮動(dòng)匯率制度,開(kāi)放資本賬戶,積極引入國(guó)際資本發(fā)展本國(guó)經(jīng)濟(jì)。正如錢納里所述,資本流入彌補(bǔ)了發(fā)展中國(guó)家的儲(chǔ)蓄缺口和外匯缺口,帶動(dòng)了這些國(guó)家的經(jīng)濟(jì)發(fā)展。隨著東盟經(jīng)濟(jì)不斷發(fā)展,金融市場(chǎng)不斷完善,該地區(qū)日漸成為國(guó)際投資的熱土。2010年中國(guó)—東盟自由貿(mào)易區(qū)建立后,中國(guó)與東盟的經(jīng)濟(jì)合作在貿(mào)易一體化的基礎(chǔ)上,正逐步向金融、投資等領(lǐng)域不斷拓展和深入。如何引導(dǎo)中國(guó)資本走向東盟,已經(jīng)成為一個(gè)重要議題。 資本總是傾向于流到邊際收益高的地方。而不同國(guó)家、不同產(chǎn)業(yè)、不同市場(chǎng)的邊際收益存在著巨大差異,難以統(tǒng)一衡量和比較。因此,本文運(yùn)用資本的經(jīng)濟(jì)增長(zhǎng)效應(yīng)大致衡量各國(guó)資本流入的收益,并對(duì)東盟各國(guó)資本流入的經(jīng)濟(jì)增長(zhǎng)效應(yīng)進(jìn)行比較,進(jìn)而為中國(guó)資本流向東盟提供參考依據(jù)。 文章在理論部分梳理了不同類型資本流動(dòng)對(duì)東道國(guó)經(jīng)濟(jì)增長(zhǎng)的影響機(jī)制。隨后在現(xiàn)狀描述部分簡(jiǎn)要介紹了東盟國(guó)家資本流入的情況,并運(yùn)用圖表直觀地描繪了不同類型的資本流入占GDP的比重與東盟各國(guó)經(jīng)濟(jì)增長(zhǎng)的關(guān)系。在實(shí)證部分,運(yùn)用VAR模型和格蘭杰因果關(guān)系檢驗(yàn)考察了各國(guó)資本流入對(duì)經(jīng)濟(jì)增長(zhǎng)的影響。主要結(jié)論有：對(duì)多數(shù)國(guó)家而言,國(guó)際直接投資流入的長(zhǎng)期經(jīng)濟(jì)增長(zhǎng)效應(yīng)為正；國(guó)際證券投資流入對(duì)新加坡和馬來(lái)西亞經(jīng)濟(jì)增長(zhǎng)的影響較大；FOI對(duì)新加坡經(jīng)濟(jì)增長(zhǎng)的影響較大等等。本文最后一章政策建議部分總結(jié)東盟國(guó)家資本流入的經(jīng)濟(jì)增長(zhǎng)效應(yīng),為我國(guó)資本流向東盟國(guó)家提供合理的策略和政策建議。
[Abstract]:Since the 1980s, Singapore, Malaysia and other ASEAN countries have implemented floating exchange rate systems, opened their capital accounts, and actively introduced international capital to develop their economies. As Chanari points out, capital inflows make up for savings and foreign exchange gaps in developing countries, driving their economies. With the continuous development of the ASEAN economy and the continuous improvement of the financial market, the region is becoming a hot spot for international investment. After the establishment of the China-ASEAN Free Trade area in 2010, the economic cooperation between China and ASEAN is based on the integration of trade. It is gradually expanding and deepening into finance, investment and other fields. How to guide Chinese capital to ASEAN has become an important issue. Capital always tends to flow to places with high marginal returns. But the marginal income of different countries, different industries and different markets has great differences, so it is difficult to measure and compare it uniformly. Therefore, this paper uses the economic growth effect of capital to roughly measure the income of capital inflow in various countries, and compares the economic growth effect of capital inflow in ASEAN countries so as to provide a reference basis for Chinese capital flowing to ASEAN. In the theoretical part, the paper analyzes the influence mechanism of different types of capital flow on the host country's economic growth. Then the paper briefly introduces the situation of capital inflow in ASEAN countries in the description of current situation, and uses the graph to describe the relationship between the proportion of capital inflow to GDP and the economic growth of ASEAN countries. In the empirical part, VAR model and Granger causality test are used to examine the impact of capital inflow on economic growth. The main conclusions are as follows: for most countries, the long-term economic growth effect of international direct investment inflow is positive, and the impact of international portfolio investment inflow on the economic growth of Singapore and Malaysia is greater than that of FOI on Singapore's economic growth. The last chapter of this paper summarizes the economic growth effect of capital inflow in ASEAN countries and provides reasonable strategies and policy suggestions for China's capital flow to ASEAN countries.
【學(xué)位授予單位】：廣西大學(xué)
【學(xué)位級(jí)別】：碩士
【學(xué)位授予年份】：2014
【分類號(hào)】：F224;F833;F133

【參考文獻(xiàn)】

相關(guān)期刊論文 前1條

1 侯曉霞;;國(guó)際資本流動(dòng)對(duì)經(jīng)濟(jì)增長(zhǎng)的影響分析——基于國(guó)際數(shù)據(jù)的實(shí)證研究[J];經(jīng)濟(jì)問(wèn)題;2012年10期

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