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论文作者:英语论文论文属性:作业 Assignment登出时间:2014-08-31编辑:yangcheng点击率:15980
论文字数:4943论文编号:org201408292212348588语种:英语 English地区:加拿大价格:免费论文
关键词:国外直接投资影响中国经济Economics EssayFDI溢出效应
摘要:本文是一篇对中国经济分析的加拿大论文,中国以每年8%的速度发展经济,伴随许多影响经济增长的因素,中国的经济增长的主要因素是由外国直接投资(FDI),这对其产生了显著而积极的作用。
Bank World Development Indicator, Global Market Information Database, International Historical Statistics (Africa, Asia & Oceania) 1750-2005. These sources are well known sources of statistics for China and the results are more or less accurate. Real Gross Domestic Product (GDP) is valued at constant price of local currency code: (NY. GDP. MKTP. KN) and the data are collected from the World Bank World Development Indicator. Foreign Direct Investment is also valued at constant 2009 prices, code: RMB mn, it is collected from the Global Market Information Database. Finally, human capital proxied by secondary school enrolment is measured by number of secondary school pupils. Labour force is measured by the number of economically active population and physical capital proxied by gross fixed capital formation valued at constant 2009 prices code: RMB nm. These data are also collected from the Global Market Information Database. The reason for choosing the data at constant prices is due to inflation rates, as constant prices reflect that the data will be adjusted taking inflation into account.
The impact of R&D expenditures on China’s economic growth has not been systematically investigated. The data available went only as far back as 1996-2006 from the World Bank Development Indicator and other sources. It is inadequate to use as 10years is insufficient and can affect other variables therefore the R&D variable would not be accounted for in the empirical analysis.
Ordinary Least square (OLS) method for regression is used for the statistical analysis. The reason for regression analysis is to analyze relationships among variables and the software used to run these regressions is Eviews.
4.3. Empirical Analysis
Previous study and research on FDI and growth have used data from a wide range of sources. In this section, the significance of FDI on economic growth is examined based on a general framework of time series regression. GDP is regressed on the level of FDI and other variable such as labour force, physical capital, and human capital. This section uses the annual data for China collected from the year 1980 to 2008 and the Ordinary Least Square (OLS) regression is performed.
5. EVALUATION OF DATA AND EMPIRICAL ANALYSIS
5.1. Graphs
An important step in the analysis of this study is the graphs. Each variable is accounted for by plotting graphs to show the trend within the years 1980-2008 as seen in Figure 1 of the appendix. The correlation matrix shows the existence of a positive linear association/relationship between the explanatory variables.
From Figure 1, there is a notable increase in FDI from 1980 to1986. This is due to the fact that China made a new foreign investment law in 1984 which was implemented to facilitate the growth of FDI in the economy.
In 1985, annual FDI inflow was less than $2 billion. We can also notice a sharp increase from about 1992/1993. This also happened because China re-affirmed its openness policies and market-oriented reforms which were introduced earlier in 1984. This re-affirmation provided evidence of success, hence the increase in FDI. After China joined the WTO in 2001, its annual growth rate of FDI inflows increased by more than 10% and in 2005 its FDI inflows rose to $63 billion. According to Wally and Xin (2006) China’s economic growth during 2003 and 2004 pays
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