摘要
笔者运用离散时间模型,探讨东道国预料内与预料外的外资政策调整对跨国公司投资决策的影响,结果显示:随着外资政策不确定性及期数的增加,投资者将更谨慎地进行投资决策,且要求更高风险补偿。而投资决策惯性区间使FDI波动对东道国外资政策调整存在响应强度差异。在此基础上,笔者得出中国FDI规模变动与外资政策调整在时间上表现出不一致性。充分发挥外资政策效用的关键是保持外资政策的可预期性、连续性与稳定性。
This paper analyzes the dynamic relationship between host country＇ s adjustment in expect and unexpected foreign investment policy and FDI entry and exit decision with discrete-time mode . As uncertainty and periods increase, investors will be more cautious in deeision-making, and require more risk compensation. The existence of inertial range of investment deeisions leads to a different response intensity of investment changes has on foreign investment policy adjustments. And it points out that the scale of FDI in China doesn＇ t change with foreign investment policy adjustment at the same time. And the key measure to making best use of foreign investment policy is to keep its predictability and stability.
出处
《经济经纬》
CSSCI
北大核心
2013年第3期47-51,共5页
Economic Survey
基金
国家社会科学基金项目(10BGL026)
中南财经政法大学研究生创新教育计划项目(2011B0804)
关键词
外资政策调整
FDI
离散时间模型
Adjustment in Foreign Investment Policy
FDI
Discrete-time Model
