外文翻译--在所选新兴国家的外商直接投资、出口和经济增长：多元变量分析.docVIP

本科毕业论文外文翻译 外文题目：Foreign Direct Investment， Exports， and Economic Growth in SelectedEmerging Countries: Multivariate VAR Analysis 出 处： The Australian National Univiersity 作 者： Adil khan Miankhel ， Shandre Mugan Thangavelu ， Kaliappa Kalirajan 原 文： ABSTRACT The paper adopts a time series framework of the Vector Error Correction Models (VECM) to study the dynamic relationship between export, FDI and GDP for six emerging countries of Chile, India, Mexico, Malaysia, Pakistan and Thailand. Stationarity of the series with structural breaks is also examined in the model. Given that these countries are at different stages of growth, we will be able to identify the impact of FDI and export on economic growth at different stages of growth. The results suggest that in South Asia, there is evidence of an export led growth hypothesis. However, in the long run, we identify GDP growth as the common factor that drives growth in other variables such as exports in the case of Pakistan and FDI in the case of India. The Latin American countries of Mexico and Chile show a different relationship in the short run but in the long run, exports affect the growth of FDI and output. In the case of East Asian countries, we find bi-directional long run relationship among exports, FDI and GDP in Malaysia, while we find a long run unidirectional relationship from GDP to export in case of Thailand. INTRODUCTION Since the 1997 East Asian financial crisis, the relationship between Foreign Direct investment (FDI), exports and economic growth has gained importance and attention among policy makers and researchers. Due to volatility experienced in the short term capital flows, developing and less developed countries shifted their focus from attracting short term capital flows to FDI, due to its long term effects. However, the understanding of the long term impacts and benefits of FDI is not clear as FDI is not attract