【摘要】 在前人的基础上加入一个汇率制度变量,考察汇率波动对FDI的影响。使用GARCH(1,1)模型求得汇率波动,发现我国的汇率波动与FDI的关系之间存在门槛效应:1994年以前大幅度的汇率波动阻碍了FDI的流入,1994年以后小幅度的汇率波动却促进了FDI的流入。说明只要保持实际有效汇率的相对稳定性,就能不断吸引FDI的流入。更多还原

【Abstract】 Adding an exchange rate system variable based on predecessor’s,inspecting the effect of exchange rate volatility on FDI.Using GARCH(1,1) model to obtain the exchange rate volatility,and discovering that there exists threshold effect between our country’s exchange rate volatility and the FDI,namely the large scale exchange rate volatility has hindered the FDI inflow before 1994,but after 1994,the small scope exchange rate volatility actually promoted the FDI inflow.It believes,as long as keeping relative stability of real effective exchange rate,it can attract FDI to inflow unceasingly.更多还原