发帖
雷达卡
Impacts of the Contributions of FDI and Remittances on the Economic Growth in Asia and Latin America: A Comparative Study
2 作者信息
Leo H. Chan, Maritza Sotomayor
Woodbury School of Business, Utah Valley University
Donald Lien
Collegeof Business, University of Texas San Antonia
3 出处
Leo H. Chan,Maritza Sotomayor,Donald Lien. Impacts of the Contributions of FDI and Remittances on the Economic Growth in Asia and Latin America: A Comparative Study[J]. Front. Econ. China, 2019, 14(3): 371-400.
链接
http://journal.hep.com.cn/fec/EN/10.3868/s060–008–019–0017–6
http://journal.hep.com.cn/fec/EN/Y2019/V14/I3/371
4 摘要
Abstract: Foreign directinvestment (FDI) and foreign remittance have been the main sources of external capital inflows for many developing countries. FDI has been credited as the main driver of rapid economic growth in many Asian countries/regions in recent decades. However, this effect of FDI on long-run economic growth has not been observed in Latin American countries. Now, the question is whether FDI and an increase in foreign remittances in the past two decades have achieved expected positive results in terms of economic growth for emerging economies. This study uses a generalized method of moments (GMM) dynamic panel model to quantify the impacts of FDI and foreign remittances as sources of foreign capital for Asiaand Latin America. Our findings suggest that FDI and remittances perform differently in different regions in terms of their impacts on GDP growth. Countries that have specific policies (i.e., industrial policy, domestic content requirement, and export production targets) for FDI are likely to derive more significant benefits from FDI and remittances. Developing countries that are emergingor lagging should learn from the countries with positive outcomes and implement similar policies.
对外直接投资与汇款对于亚洲与拉丁美洲经济增长贡献的影响：对比研究
Leo H. Chan, Maritza Sotomayor
犹他山谷大学伍德伯里商学院
Donald Lien
德克萨斯大学圣安东尼奥分校商学院
摘要：对外直接投资（FDI）和国外汇款一直是许多发展中国家外部资本流入的主要来源。过去几十年间，FDI始终被誉为许多亚洲国家/地区经济快速增长的主要驱动力。但FDI对拉美国家长期经济增长的作用却没人注意。目前的研究问题是在过去20年间FDI和国外汇款增长对于新兴经济体的经济增长是否起到了预期的积极效果。本文使用广义矩方法（GMM）动态面板模型来量化亚洲和拉美外资来源--FDI和国外汇款的影响，发现FDI和国外汇款对于不同地区GDP增长的影响差别巨大。拥有具体FDI政策（如产业政策、国内含量条件和出口生产目标）的国家更可能从FDI和汇款中得到更多重大利好。新兴或落后的发展中国家应该学习在此方面获得积极成效的国家，并实施类似政策。
作者简介：
Leo H. Chan：犹他山谷大学伍德伯里商学院副教授。主要研究领域为期权、期货、行为金融与经济学、金融市场效率与市场微结构，也从事关于投资及财经教育问题等领域的研究工作。已在Journal of Behavioral and Experimental Economics, International Review of Economics and Finance, Energy Policy等期刊发表20多篇论文。
Maritza Sotomayor： 犹他山谷大学伍德伯里商学院副教授。主要从事国际贸易相关议题研究，涉及发展中国家区域整合效果、产业内贸易计量、全球价值链及比较研究。最新合作论文：Determinants of Inflation in Egypt and Mexico: Empirical Evidence. (Economics and Business Review, 2019)
Donald Lien：德克萨斯大学圣安东尼奥分校商学院教授、国际知名学者。曾在经济、金融、统计领域发表过250多篇论文，并为50多份学术期刊担任过审稿人。主要以计量经济学、发展经济学相关方法、知识研究期货市场问题。
京公网安备 11010802022788号
