English  |  正體中文  |  简体中文  |  Items with full text/Total items : 27526/28972 (95%)
Visitors : 24139315      Online Users : 1590
RC Version 7.0 © Powered By DSPACE, MIT. Enhanced by NTU Library IR team.
Scope Tips:
  • please add "double quotation mark" for query phrases to get precise results
  • please goto advance search for comprehansive author search
    •  Adv. Search
    Home ‧ Login ‧ Upload ‧ Help ‧ About ‧ Administer Goto mobile version


    Please use this identifier to cite or link to this item: http://ir.lib.cyut.edu.tw:8080/handle/310901800/7769


    Title: BUSINESS-CYCLE ASYMMETRY AND CAUSALITY BETWEEN FOREIGN DIRECT INVESTMENT AND FIXED CAPITAL FORMATION
    Authors: 阮氏清萍
    Kuan-Min Wang;Yuan-Ming Lee;Thanh-Binh Nguyen Thi
    Contributors: 會計系
    Keywords: foreign direct investment;gross direct investment;current depth of recession;Threshold model
    Date: 2009
    Issue Date: 2010-11-09 09:13:07 (UTC+8)
    Abstract: This study creates the threshold vector autoregression model and employs quarterly data of Taiwan from 1981 to 2006 to examine the relationship between foreign direct investment (FDI) and domestic gross direct investment (GDI). Our framework provides a consideration of business cycle asymmetry that quite differs from the existing approach. We find that (1) the long-run relationship between FDI and GDI is complementary; (2) the relationship between FDI and GDI is substitutive during expansion, however, is complementary during recession; (3) a depreciation of the Taiwanese Dollar helps attract FDI during expansion, but decrease GDI during recession; (4) the negative impact of Taiwan's outward foreign direct investment and national saving on GDI, the negative impact of GDP on GDI and the negative impact of Taiwan's outward investment on FDI are only evident during recession; and (5) macroeconomic variables indirectly affect FDI during expansion and GDI during recession through the adjusting process toward equilibrium.
    Relation: The AMFITEATRU ECONOMIC journalVolume 11(3), (SSCI, EconLit) , pp 698-721
    Appears in Collections:[會計系] 期刊/會議/專書論文

    Files in This Item:

    File Description SizeFormat
    BUSINESS-CYCLE ASYMMETRY AND CAUSALITY BETWEEN FOREIGN DIRECT INVESTMENT AND FIXED CAPITAL FORMATION.pdf285KbAdobe PDF1081View/Open
    index.html0KbHTML1018View/Open


    All items in CYUTIR are protected by copyright, with all rights reserved.

    著作權政策宣告
    1.本網站之數位內容為朝陽科技大學所收錄之機構典藏，無償提供學術研究與公眾教育等公益性使用，惟仍請適度、合理使用本網站之內容，以尊重著作權人之權益。商業上之利用，則請先取得著作權人之授權。
    2.本網站之製作已盡力防止侵害著作權人之權益，如仍發現本網站之數位內容有侵害著作權人權益情事者，請權利人通知本網站維護人員(yjhung@cyut.edu.tw)，維護人員將立即採取移除該數位著作等補救措施。

    DSpace Software Copyright © 2002-2004  MIT &  Hewlett-Packard  /   Enhanced by   NTU Library IR team Copyright ©   - Feedback