人民幣匯率與外商直接投資關系研究.pdf

1、華中科技大學碩士學位論文人民幣匯率與外商直接投資關系研究姓名：邵洋申請學位級別：碩士專業(yè)：西方經濟學指導教師：張玉英20100514IIAbstractSincetherefmopeningupon1978withtherapideconomicdevelopmentfeigninvestschosetoputmemeinvestinChina.Chinahasranktothemostpopulardevelopingcountryf

2、feigninvests.FeigndirectinvestmentsplayaveryimptantroleinChina’seconomysystem.OntheotherhChinasfeignexchangereservestradesurpluscontinuedtoincreaseevenafterChinagottheaccessiontotheWldTradeganizationChinasimptshavenotinc

3、reasedsignificantlywhileexptsarestillsustainedgrowth。IndertoinvolveintheglobalizationTheRMBexchangeratesystemisintotherelativevalueofafloatingexchangerateeraonJuly212005.AftertherefmofRMBexchangerateregimetheexchangerate

4、ofRMBpromotesitsvalueconstantlytilltotheendof2009ithasappreciatedabout16.6%.Inmanydevelopedcountriesexchangeratefluctuationswillaffectthechoiceofitsmoarypolicy.InthecurrenteconomicsituationtherefeifthechangeofRMBexchange

5、ratewillChinaimpactonattractingfeigndirectinvestmentcontinuousfeigndirectinvestmentsinChinawillaffectthestabilityoftheRMBexchangeratebothhavetheeticalpracticalmeanings.Therearenumerouscontextsexaminedtherelationshiphowth

6、eexchangerateinfluencesthefeigndirectinvestmentlessstudyaboutwillthefeigndirectinvestmentimpactRMBexchangerate.Inthispaperwechoosethedatafrom1992to200918yearsfiguresintotal.useCrangerCausalitytesterrcrectionmodeltoanalyz

7、etherelationshipbetweenrealexchangerateofRMBfeigndirectinvestment.Throughthetheeticalempiricalanalysisitisfoundrealexchangeratefeigndirectinvestmentbothintheshttermlongtermstabilityexistequilibriumrelationship.Whenthedev

8、aluationoftheRMBitwillbeapromotionoffeigndirectinvestmentinflows.MeanwhileGrangercausalitytestshowedthattheRMBrealexchangerateisGrangercausefeigndirectinvestmentwhilefeigndirectinvestmentGrangercausetherealexchangerateof