外商直接投资怎样影响经济的增长【外文翻译】

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1、本科毕业论文外文翻译外文题目：Howdoesforeigndirectinvestmentaffecteconomicgrowth出处：JournalofInternationalEconomics45(1998)115-135作者：E.Borensztein,J.DeGregorio,J-W.LeeHowdoesforeigndirectinvestmentaffecteconomicgrowth?AbstractWetesttheeffectofforeigndirectinvestment(FDI)onecono

2、micgrowthinacross-countryregressionframework,utilizingdataonFDIflowsfromindustrialcountriesto69developingcountriesoverthelasttwodecades.OurresultssuggestthatFDIisanimportantvehicleforthetransferoftechnology,contributingrelativelymoretogrowththandomesticinvestmen

3、t.However,thehigherproductivityofFDIholdsonlywhenthehostcountryhasaminimumthresholdstockofhumancapital.Thus,FDIcontributestoeconomicgrowthonlywhenasufficientabsorptivecapabilityoftheadvancedtechnologiesisavailableinthehosteconomy.一、IntroductionTechnologydiffusio

4、nplaysacentralroleintheprocessofeconomicdevelopment.Incontrasttothetraditionalgrowthframework,wheretechnologicalchangewasleftasanunexplainedresidual,therecentgrowthliteraturehashighlightedthedependenceofgrowthratesonthestateofdomestictechnologyrelativetothatofth

5、erestoftheworld.Thus,growthratesindevelopingcountriesare,inpart,explainedbya‘catch-up’processintheleveloftechnology.Inatypicalmodeloftechnologydiffusion,therateofeconomicgrowthofabackwardcountrydependsontheextentofadoptionandimplementationofnewtechnologiesthatar

6、ealreadyinuseinleadingcountries.Technologydiffusioncantakeplacethroughavarietyofchannelsthatinvolvethetransmissionofideasandnewtechnologies.Importsofhigh-technologyproducts,adoptionofforeigntechnologyandacquisitionofhumancapitalthroughvariousmeansarecertainlyimp

7、ortantconduitsfortheinternationaldiffusionoftechnology.Besidesthesechannels,foreigndirectinvestmentbymultinationalcorporations(MNCs)isconsideredtobeamajorchannelfortheaccesstoadvancedtechnologiesbydevelopingcountries.MNCsareamongthemosttechnologicallyadvancedfir

8、ms,accountingforasubstantialpartoftheworld’sresearchanddevelopment(RandD)investment.Somerecentworkoneconomicgrowthhashighlightedtheroleofforeigndirectinvestmentinthet