What are the determinants of the location of foreign direct investment? The Chinese experience

被引：775
作者：
Cheng, LK [1 ]
Kwan, YK
机构：
[1] Hong Kong Univ Sci & Technol, Dept Econ, Kowloon, Hong Kong, Peoples R China
[2] City Univ Hong Kong, Dept Econ & Finance, Kowloon, Hong Kong, Peoples R China
来源：
JOURNAL OF INTERNATIONAL ECONOMICS | 2000年 / 51卷 / 02期
关键词：
foreign direct investment; self-reinforcing effect; positive feedback effect; partial stock adjustment; dynamic panel regression;
D O I：
10.1016/S0022-1996(99)00032-X
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
By estimating the effects of the determinants of foreign direct investment (FDI) in 29 Chinese regions from 1985 to 1995, we find that large regional market, good infrastructure, and preferential policy had a positive effect but wage cost had a negative effect on FDI. The effect of education was positive but not statistically significant. In addition, there was also a strong self-reinforcing effect of FDI on itself. There was no convergence in the equilibrium FDI stocks of the regions between 1985 and 1995, but there was convergence in the deviations from the equilibrium FDI stocks. (C) 2000 Elsevier Science B.V. All rights reserved.
引用
收藏
页码：379 / 400
页数：22
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