摘要
本文根据已有的研究构造了一个汇率波动对外商直接投资的影响模型 ,并利用GARCH模型对汇率的波动剧烈度进行了估计。并运用协整检验方法和误差纠正模型分析了人民币汇率波动对我国外商直接投资的长期和短期影响效应。结果显示 :人民币汇率波动与外商直接投资存在长期协整关系 ,但从短期来看两者之间缺乏显著的关联度。
In this paper, we construct a model of the effects of RMB exchange rates fluctuation on foreign direct investment. Our analysis result shows: in the long run, there is the cointegration relationship between RMB exchange rates fluctuation and foreign direct investment. In the short run, no salience corrationship exists.
出处
《财经科学》
CSSCI
北大核心
2003年第6期57-60,共4页
Finance & Economics
关键词
汇率波动
外商直接投资
实证分析
Exchange Rates Fluctuation Foreign Direct Investment Empirical Analysis
