The Effect of Foreign Direct Investment on Domestic Capital Formation, Trade, and Economic Growth in a Transition Economy: Evidence from China
Опубликовано на портале: 03-12-2007
Global Economy Journal.
2007.
Vol. 7.
No. 2.
Тематический раздел:
Studies of the effects of foreign direct investment (FDI) in the developing countries
have reported many conflicting results. In this study, we test the effects of inward
FDI on China's domestic capital formation, exports, imports, and GDP growth. To that
end, we estimated four econometric equations using a data set covering the 1980-1999
period. A key finding of our research is that it was in the 1990s that inward FDI
began to exert a significant effect in the Chinese economy. Our regression results
show that the inflow of FDI has stimulated domestic investment in China. The growing
presence of FDI appears to have enhanced the investment efficiency in the Chinese
economy. Inward FDI is also found to have significantly increased China's exports
and imports. The policy implications of our main findings are discussed. Several
methodological issues pertaining to FDI research in China are also discussed.
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Treasury Working Papers.
2003.
No. 01/13.
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