• <menu id="mge00"><strong id="mge00"></strong></menu>
  • 宏觀經濟學論文欄目提供最新宏觀經濟學論文格式、宏觀經濟學碩士論文范文。詳情咨詢QQ:357500023(論文輔導)

    宏觀經濟因素對外國直接投資的影響:烏茲別克斯坦的證據

    日期:2021年05月23日 編輯:ad201107111759308692 作者:無憂論文網 點擊次數:75
    論文價格:300元/篇 論文編號:lw202105111521427044 論文字數:34454 所屬欄目:宏觀經濟學論文
    論文地區:中國 論文語種:English 論文用途:碩士畢業論文 Master Thesis
    本文是一篇宏觀經濟學論文,本文采用Phillips-Perron平穩性檢驗,檢驗所有變量是否按同一階積分。為了確定這兩個變量之間是否存在協整關系,本文引入了Johansen協整檢驗,發現外商直接投資與因變量之間存在協整關系。VECM是我們的下一個選擇,用于非平穩序列,已知是共同集成。這些變量得到的不僅僅是一個協整向量,因此一種既適用于短期變量又適用于長期變量的向量估計方法是一種有效的估計方法。接下來,格蘭杰因果關系的結論與最終的結果,我們有強有力的證據,拒絕在幾乎所有變量零假設除了匯率。

    Chapter One Introduction


    1.1 Motivation and Significance

    Globalization has brought new chapter to the whole countries in term of the economy sector.Through globalization, a country can do more international trade either export or import to fulfillthe people’s needs. Besides, foreign direct investment also has been important source to developthe economy in a faster way. Foreign Direct Investment flows showed growth by 12% in 2019 to$1,426bln from $1,3bln in 2018 (OECD data, 2019). As long as, expected national investmentssurpass actual savings that the country has, there is always the need for external capital inflows(Polyxeni, 2016). Capital flows are significantly compulsory as well as due to investments withlong development periods of time that produce non-financial revenues including; upwardgovernment expenditure that are not tax-oriented and by the time of real savings are lesser thanpossible savings due to repressed financial markets even capital flight. Donaubauer (2020) arguesthat FDI is supposed to lead to economic development not just by raising international investmentsbut even by crowding in external domestic investment. Through fostering both upward and reverselinkages with the domestic economy, increased employment is implicitly generated and highereconomic development induced. The best noticeable impact of international capital flows to hostcounties is considered to enlarge the amount of domestic saving in states with different richinvestment chances. It simply shows that capital bring in nations can take advantage even whenthe interest rate and the equity yields to the overseas suppliers of capital are high. There are 4 typesof private flows: Foreign Direct Investment, Portfolio Investment, International Bond and EquityOfferings, Commercial Bank loans and lending to Local Banks and private entities.

    ............................


    1.2Literature Review

    1.2.1 Literature review of foreign researchers

    Over the years, investment activities and related categories have attracted the attention ofresearchers and professionals in the field of financial management of enterprises and otherdisciplines. The concept of capital account can be better explained in the framework of a nation’sbalance of payments (BOiP). A country’s BOiP is a list of dealings between its citizens and non-citizens. The current and the capital accounts are two main accounts of BiOP. The current accounts’transactions contain trades of properties, trade in service area, expenditures (bonuses, interest andmigrants’ remittances from earnings overseas) and worldwide transfers. The capital accountregisters every contacts that do not consist of the receipt of revenue. It is a choice made by a state’sadministration to change from a closed capital account system, so as to capital may leave or enterany time. It basically helps to move capital easily inward and outward of states. By freeing upcapital account movement, nations eliminate limitations from global dealings connected to themeasure of capital. Meaning the removal of controls on both home country residents’ internationalfinancial transactions and investments in the home country by foreigners. Henry (2014) states thatcapital account liberalization in a standard experience is about permitting capital to waft freelyinto and out of a selected country. This connotes a planned policy that lets in home companies toborrow from foreign banks, foreigners are allowed to purchase home debt instruments as well asinvest in the domestic inventory marketplace.

    .........................


    Chapter Two Theoretical Framework of FDI


    2.1 Foreign Direct Investment Theories and Motives

    Foreign direct investment (FDI) is an important factor in stimulating economic growth indeveloping countries. The re

    該論文為收費論文,請加QQ1135811234聯系客服人員購買全文
    在线成年视频人网站观看,成年美女黄网站色大全中闯,99久热re在线精品视频,又爽又黄又无遮挡的视频