發(fā)展中國(guó)家對(duì)外直接投資的決定因素【外文翻譯】_第1頁(yè)
已閱讀1頁(yè)，還剩10頁(yè)未讀， 繼續(xù)免費(fèi)閱讀

下載本文檔

版權(quán)說(shuō)明：本文檔由用戶提供并上傳，收益歸屬內(nèi)容提供方，若內(nèi)容存在侵權(quán)，請(qǐng)進(jìn)行舉報(bào)或認(rèn)領(lǐng)

文檔簡(jiǎn)介

1、本科畢業(yè)設(shè)計(jì)（論文）外文翻譯ThedeterminantsofdirectfeigninvestmentindevelopingcountriesTheparticipationofdevelopingcountriesinthetotalinflowsofDirectFeignInvestment(FDI)hasvariedconsiderablyoverthelast25yearsincreasingfrom15%in1980to4

2、6%in1982levelingoffatslightlyover20%duringthelastfouryears.ItmustbepointedouthoweverthatthemotivesbehindtheseinternationalcapitalflowsarestillsubstantiallydifferentthanthoserelatedtotheinflowsofFDItodevelopingcountriesin

3、spiteofthechangesthathavetakenplaceoverthelastdecades.Fexamplethesearchfagriculturalmineralresourcesismuchlessimptanttodaythanitwasatthebeginningofthe20thcentury.Ontheotherhthecurrentmovementoftheseflowsisextremelycomple

4、xissubjecttoawidevarietyoffactsrelatedtothecompetitiveenvironmentinwhichthefirmsoperatetotheirspecificacteristicstoeconomicfactsinthehomehostcountries.Theobjectiveofthisarticleistoestimatebasedonpaneldatathemaindetermina

5、ntsofFDIindevelopingcountries.AsshallbeseenfactssuchasthesizerateofgrowthoftheproducttheavailabilityofskilledlabthereceptivityoffeigncapitalthecountryriskratingthebehaviofthestockmarketplayimptantrolesinFDI.Furthermebyap

6、plyingthecausalitytestinapaneldatacontextitwaspossibletodemonstratethenonexistenceofthewidelyheldbeliefthatdirectfeigninvestmenthasapositiveeffectupontheproduct.Howevertheprocedureusedtotestcausalityshowedtothecontraryth

7、atthisphenomenonactsintheoppositesensei.e.thatgenerallyitisthecountry’sproductthataffectsdirectfeigninvestment.Ourstudyisstructuredasfollows:inSection2weprovideareviewofthetheeticalliteraturedealingwiththedeterminantsofd

8、irectfeigninvestment.Inofdirectinvestmentsinsteadofthroughexpts.InananalogousmannerMNEwouldnotbewillingtolicenseproductiontolocalfirmsifthelocalfirmswereuncertainaboutthevalueofthelicenseiftheknowhowtransfercosts(propert

9、yrights)weretoohigh.Kindleberger(1969)slightlymodifiesHymer’sanalysis.InsteadofMNFbehavideterminingthemarketstructureitisthemarketstructure–monopolisticcompetitionthatwilldeterminetheconductofthefirmbyinternalizingitspro

10、duction.Caves(1971)alsodevelopsasimilaranalysisinwhichstructuredictatesconduct.FDIwillbemadebasicallyinsectsthataredominatedbyoligopolies.Ifthereisproductdifferentiationhizontalinvestmentsmaytakeplacei.e.inthesamesect.If

11、thereisnoproductdifferentiationverticalinvestmentswillbemadeinsectsthatarebehindintheproductivechainoffirms.TheexistenceofFDIisfurtherrelatedtotradebarriersasawayofavoidinguncertaintiesinsuppliesasawayofimposingbarrierst

12、onewfirmsontheexternalmarket.ThusthehypothesisofdirectinvestmentbeingdeterminedbyspecificassetsthatcompensatetheinitialdisadvantagefacedbyfeignfirmsinrelationtolocalfirmswentontobecometheHKCtraditionnamedafterHymerKindle

13、bergerCaves.MarkusenVenables(1995)developedamodelalongthesamelinecomparingtheimptanceofmultinationalfirmstofeigntrade.Thepresenceofmultinationalfirms(withregardtotrade)increasesascountriesbecomemesimilarintermsofincomein

14、termsoftherelativeallotmentoffactstechnology.AsecondlineofstudiesofthedeterminantsofFDIisbasedontheideaoftransactioncostinternalization.BuckleyCasson(1976)(1981)Buckley(1985)werethefirsttodevelopthishypothesisstartingwit

15、htheideathattheintermediateproductmarketsareimperfecthavinghighertransactioncostswhenmanagedbydifferentfirms.WhenmarketsareintegratedbyMNEthesecostswouldbeminimized.MNEhaveproprietaryassetswithregardtomarketingdesignspat

溫馨提示

  • 1. 本站所有資源如無(wú)特殊說(shuō)明，都需要本地電腦安裝OFFICE2007和PDF閱讀器。圖紙軟件為CAD,CAXA,PROE,UG,SolidWorks等.壓縮文件請(qǐng)下載最新的WinRAR軟件解壓。
  • 2. 本站的文檔不包含任何第三方提供的附件圖紙等，如果需要附件，請(qǐng)聯(lián)系上傳者。文件的所有權(quán)益歸上傳用戶所有。
  • 3. 本站RAR壓縮包中若帶圖紙，網(wǎng)頁(yè)內(nèi)容里面會(huì)有圖紙預(yù)覽，若沒(méi)有圖紙預(yù)覽就沒(méi)有圖紙。
  • 4. 未經(jīng)權(quán)益所有人同意不得將文件中的內(nèi)容挪作商業(yè)或盈利用途。
  • 5. 眾賞文庫(kù)僅提供信息存儲(chǔ)空間，僅對(duì)用戶上傳內(nèi)容的表現(xiàn)方式做保護(hù)處理，對(duì)用戶上傳分享的文檔內(nèi)容本身不做任何修改或編輯，并不能對(duì)任何下載內(nèi)容負(fù)責(zé)。
  • 6. 下載文件中如有侵權(quán)或不適當(dāng)內(nèi)容，請(qǐng)與我們聯(lián)系，我們立即糾正。
  • 7. 本站不保證下載資源的準(zhǔn)確性、安全性和完整性, 同時(shí)也不承擔(dān)用戶因使用這些下載資源對(duì)自己和他人造成任何形式的傷害或損失。

評(píng)論

0/150

提交評(píng)論