【摘要】 本文在开放的两国模型基础上,通过引入垄断竞争的市场环境和企业进入东道国的沉没成本,分析了市场导向型FDI对汇率波动的敏感程度,同时利用中国产业层面2005年第3季度至2009年第4季度的相关数据,采用面板平滑转换模型对上述模型进行了实证检验。理论和实证的结果皆表明:汇率波动的增加对市场导向型FDI的进入具有阻碍作用,且这种作用随着行业技术密集度的提高而增强。更多还原

【Abstract】 This study builds a general equilibrium theoretical framework to explore the impacts of real exchange volatility of RMB on FDI flow in host country market oriented.This paper uses the quarterly data from 2005: 3 to 2009: 4 in manufacturing industries to test the theoretical conclusion: the real exchange rate will deter the timing of FDI in host market oriented.Meanwhile,this effect will be increasing in the high technology level of industry.更多还原