外商直接投資怎樣影響經(jīng)濟(jì)的增長【外文翻譯】

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：Howdoesfeigndirectinvestmentaffecteconomicgrowth出處：處：JournalofInternationalEconomics45(1998)115135作者：者：E.BenszteinJ.DeGregioJW.LeeHowdoesfeigndirectinvestmentaffecteconomicgrowthAbstractWete

2、sttheeffectoffeigndirectinvestment(FDI)oneconomicgrowthinacrosscountryregressionframewkutilizingdataonFDIflowsfromindustrialcountriesto69developingcountriesoverthelasttwodecades.OurresultssuggestthatFDIisanimptantvehicle

3、fthetransferoftechnologycontributingrelativelymetogrowththandomesticinvestment.HoweverthehigherproductivityofFDIholdsonlywhenthehostcountryhasaminimumthresholdstockofhumancapital.ThusFDIcontributestoeconomicgrowthonlywhe

4、nasufficientabsptivecapabilityoftheadvancedtechnologiesisavailableinthehosteconomy.一、一、IntroductionTechnologydiffusionplaysacentralroleintheprocessofeconomicdevelopment.Incontrasttothetraditionalgrowthframewkwheretechnol

5、ogicalchangewasleftasanunexplainedresidualtherecentgrowthliteraturehashighlightedthedependenceofgrowthratesonthestateofdomestictechnologyrelativetothatoftherestofthewld.Thusgrowthratesindevelopingcountriesareinpartexplai

6、nedbya‘catchup’processintheleveloftechnology.InatypicalmodeloftechnologydiffusiontherateofeconomicgrowthofabackwardcountrydeterminantsofeconomicgrowthsuggeststheempiricalinvestigationofthecomplementaritybetweenFDIhumanca

7、pitalintheprocessofproductivitygrowth.WetesttheeffectofFDIoneconomicgrowthinaframewkofcrosscountryregressionsutilizingdataonFDIflowsfromindustrialcountriesto69developingcountriesoverthelasttwodecades.Ourresultssuggesttha

8、tFDIisinfactanimptantvehiclefthetransferoftechnologycontributingtogrowthinlargermeasurethandomesticinvestment.MeoverwefindthatthereisastrongcomplementaryeffectbetweenFDIhumancapitalthatisthecontributionofFDItoeconomicgro

9、wthisenhancedbyitsinteractionwiththelevelofhumancapitalinthehostcountry.HoweverourempiricalresultsimplythatFDIismeproductivethandomesticinvestmentonlywhenthehostcountryhasaminimumthresholdstockofhumancapital.Theresultsar

10、erobusttoanumberofalternativespecificationswhichcontrolfthevariablesusuallyidentifiedasthemaindeterminantsofeconomicgrowthincrosscountryregressions.ThissensitivityanalysisalongthelinesofLevineRenelt(1992)showsarobustrela

11、tionshipbetweeneconomicgrowthFDIhumancapital.WealsoinvestigatetheeffectofFDIondomesticinvestmentnamelywhetherthereisevidencethattheinflowoffeigncapital‘crowdsout’domesticinvestment.Inprinciplethiseffectcouldhaveeithersig

12、n:bycompetinginproductfinancialmarketsMNCsmaydisplacedomesticfirmsconverselyFDImaysuppttheexpansionofdomesticfirmsbycomplementarityinproductionbyincreasingproductivitythroughthespilloverofadvancedtechnology.Ourresultsare

13、supptiveofacrowdingineffectthatisaonedollarincreaseintheinflowofFDIisassociatedwithanincreaseintotalinvestmentinthehosteconomyofmethanonedollarbutdonotappeartobeveryrobust.ThusitappearsthatthemainchannelthroughwhichFDIco