在所選新興國家的外商直接投資、出口和經(jīng)濟(jì)增長多元變量分析【外文翻譯】

1、1本科畢業(yè)論文外文翻譯本科畢業(yè)論文外文翻譯外文題目：外文題目：FeignDirectInvestment，Expts，EconomicGrowthinedEmergingCountries:MultivariateVARAnalysis出處：處：TheAustralianNationalUniviersity作者：AdilkhanMiankhel，ShreMuganThangavelu，KaliappaKalirajan原文：文：ABS

2、TRACTThepaperadoptsatimeseriesframewkoftheVectErrCrectionModels(VECM)tostudythedynamicrelationshipbetweenexptFDIGDPfsixemergingcountriesofChileIndiaMexicoMalaysiaPakistanThail.Stationarityoftheserieswithstructuralbreaksi

3、salsoexaminedinthemodel.GiventhatthesecountriesareatdifferentstagesofgrowthwewillbeabletoidentifytheimpactofFDIexptoneconomicgrowthatdifferentstagesofgrowth.TheresultssuggestthatinSouthAsiathereisevidenceofanexptledgrowt

4、hhypothesis.HoweverinthelongrunweidentifyGDPgrowthasthecommonfactthatdrivesgrowthinothervariablessuchasexptsinthecaseofPakistanFDIinthecaseofIndia.TheLatinAmericancountriesofMexicoChileshowadifferentrelationshipintheshtr

5、unbutinthelongrunexptsaffectthegrowthofFDIoutput.InthecaseofEastAsiancountrieswefindbidirectionallongrunrelationshipamongexptsFDIGDPinMalaysiawhilewefindalongrununidirectionalrelationshipfromGDPtoexptincaseofThail.INTROD

6、UCTIONSincethe1997EastAsianfinancialcrisistherelationshipbetweenFeignDirectinvestment(FDI)exptseconomicgrowthhasgainedimptanceattentionamongpolicymakersresearchers.Duetovolatilityexperiencedintheshttermcapitalflowsdevelo

7、pinglessdevelopedcountriesshiftedtheirfocusfromattractingshttermcapitalflowstoFDIduetoitslongtermeffects.HowevertheunderstingofthelongtermimpactsbenefitsofFDIisnotclearasFDIisnotattractedunifmlytoeachcountry3framewkfrom1

8、970to2005.Thelongtimeserieswillenableustoexplethelongrunshtrundynamicrelationshipbetweenthevariables.Inparticularthisstudyadoptsatimeseriesthreestepproceduretorevealthedirectionofcausalitythemechanismsthroughwhichonevari

9、ableaffectsanother.ThethreestepapproachincludescheckingthestationarityofthevariablesthenestimatingtheVectAutoRegression(VAR)VectErrCrectionModels(VECM)byemployingcointegrationGrangercausalitytechniques.Stationarityofthes

10、erieswithstructuralbreaksisalsoexaminedduringtheestimationprocess.TheresultssuggestthatinSouthAsiathereisevidenceofanexptledgrowthhypothesis.HoweverinthelongrunweidentifyGDPgrowthasthecommonfactthatdrivesgrowthinothervar

11、iablessuchasexptsinthecaseofPakistanFDIinthecaseofIndia.TheLatinAmericancountriesofMexicoChileshowadifferentofrelationshipintheshtrunbutinthelongrunexptsaffectthegrowthofFDIoutput.IntheshtrunGDPismeimptantinthecaseofMexi

12、cowhileFDIismeimptantinthecaseofChileInthecaseofEastAsiancountrieswefindbidirectionallongrunrelationshipamongexptsFDIGDPinMalaysiawhilewefindalongrununidirectionalrelationshipfromGDPtoexptfThail.Thepaperisstructuredasfol

13、lows.Thenextsectionprovidestheliteraturereview.Insection3wediscussedthedatamethodology.Insection4theresultsoftheunitrootcointegrationtestarepresented.Section5providestheresultsofthevectautegressivemodel.Theconcludingpoli

14、cydiscussionsaregiveninsection6.LiteratureReviewTheFDIgrowthnexusisclearlyidentifiedbytheneoclassicalgrowthmodels.TheneoclassicalgrowthmodelconsiderstechnologicalprogresslabourfceasexogenousthusarguesthatFDIincreasesleve

15、lofincomeonlywhileithasnolongrungrowtheffectifitdoesnotaugmenttechnology.LongrungrowthcanonlybeincreasedthroughtechnologicalpopulationgrowthifFDIpositivelyinfluencestechnologythenitwillbegrowthadvancing(Solow1956).Somwar