分析发展中国家的外商直接投资决定因素【外文翻译】

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1、一、外文原文AnalysesofFDIdeterminantsindevelopingcountriesAbstractPurpose–Thepurposeofthispaperistoinvestigatethebestdeterminantsofforeigndirectinvestment(FDI)indevelopingcountries.Design/methodology/approach–ThispaperinvestigateswhetherFDIdeterminantsaffectFDIbasedonbothapanelofdata(FMOLS-fu

2、llymodifiedOLS)andcross-sectionSUR(seeminglyunrelatedregression)for24developingcountries,overtheperiod1983-2005forFMOLSand1976-2005forcross-sectionSUR.Findings–TheinteractionofFDIwithsomeFDIdeterminantshaveastrongpositiveeffectoneconomicprogressindevelopingcountries,whiletheinteractiono

3、fFDIwiththetotaldebtservice/GDPandinflationhaveanegativeimpact.ThemostimportantdeterminantofFDIisthecommunicationvariable.Researchlimitations/implications–Thelimitationsofthestudyarebasedonthedevelopmentofdatasetwhichcouldbefounduninterruptedfor30yearsin24developingcountries.Originality

4、/value–ThemainobjectiveofthisstudyistodefinethemainFDIdeterminantsthatshowthecapitalflowstodevelopingcountriesinaglobalizationframework.Thesecondaryobjectiveofthisstudyistoassigncountries’convergencebyusingthesameFDIdeterminants.FDIflowisoneofthemaindynamicsofglobalizationphenomenonthus

5、FDIflowdeterminationswillcontributetocountries’processofpoliticaldevelopment.Keywords：Convergence,Internationalinvestments,Developingcountries,GlobalizationIntroductionTradehastraditionallybeentheprincipalmechanismlinkingnationaleconomiesinordertocreateaninternationaleconomy.FDIisasimil

6、armechanismlinkingnationaleconomies;therefore,thesetwomechanismsreinforceeachother.ThetradeeffectsofFDIdependonwhetheritisundertakentogainaccesstonaturalresources,toconsumermarketsorwhethertheFDIisaimedatexploitinglocationalcomparativeadvantageorotherstrategicassetssuchasresearchanddeve

7、lopmentcapabilities.MostdevelopingcountrieslacktechnologycapabilityandFDItofacilitatetechnologytransferandreducethetechnologygap(TGAP)betweendevelopingcountriesanddevelopedcountries.Infact,itissuggestedthatspilloversortheexternaleffectsfromFDIarethemostsignificantchannelsforthe