학술논문
A Study on the Impact of Real Exchange Rate Volatility of RMB on China s Foreign Direct Investment to Japan
이용수 0
- 영문명
- 발행기관
- 동아시아경상학회
- 저자명
- Yugang He
- 간행물 정보
- 『East Asian Journal of Business Economics』Vol.6 No.3, 24~36쪽, 전체 13쪽
- 주제분류
- 경제경영 > 경제학
- 파일형태
- 발행일자
- 2018.09.30
무료
구매일시로부터 72시간 이내에 다운로드 가능합니다.
이 학술논문 정보는 (주)교보문고와 각 발행기관 사이에 저작물 이용 계약이 체결된 것으로, 교보문고를 통해 제공되고 있습니다.
국문 초록
영문 초록
Purpose – From establishing China-Japan diplomatic relations in 1972, the relations between two states has improved a lot, from which makes the government and the people reap much benefit. Owing to this reason, this paper aims at exploiting the impact of exchange rate volatility of RMB on China s foreign direct investment to Japan.
Research design and methodology – The quarterly time series data from 2003 to 2016 will be employed to conduct an empirical analysis under the vector error correction model. Meanwhile, a menu of estimated methods such the Johansen co-integration test and the Granger Causality test will be also used to explore the impact of exchange rate volatility of RMB on China s foreign direct investment to Japan.
Results – The empirical analysis results exhibit that the real exchange rate has a positive effect on China s foreign direct investment to Japan in the long run. Conversely, the real exchange rate volatility of RMB, the trade openness and the real GDP have a negative effect on China s foreign direct investment to Japan in the long run. However, in the short run, the China’s foreign direct investment to Japan, the real exchange rate, the trade openness and the real GDP in period have a negative effect on China’s foreign direct investment to Japan in period. Oppositely, the real exchange rate volatility of RMB in period has a positive effect on China’s foreign direct investment to Japan in period.
Conclusions – From the empirical evidences in this paper provided, it can be concluded that an increase in the exchange rate volatility of RMB can result in a decrease in the China s foreign direct investment to Japan in the long run. However, an increase in the exchange rate volatility of RMB can lead to an increase in the China s foreign direct investment to Japan in the short run. Therefore, the China’s government should have a best control of the real exchange rate volatility of RMB so as to improve China s foreign d
목차
1. Introduction
2. Literature Review
3. Theoretical Framework
4. 4. Empirical Analysis
4. Conclusion
해당간행물 수록 논문
- Emergence and Success of Xiaomi in the Transitional Situation of Chinese Smartphone Industry
- A Study on the Impact of Real Exchange Rate Volatility of RMB on China s Foreign Direct Investment to Japan
- Influence of Perceived Quality, Price, Risk, and Brand Image on Perceived Value for Smartphone’s Consumers in a Developing Country
- The effect of interaction between internationalization and strategic pursuance on the use of foreign currency denominated debt: in the context of Korean MNEs
참고문헌
관련논문
최근 이용한 논문
교보eBook 첫 방문을 환영 합니다!
신규가입 혜택 지급이 완료 되었습니다.
바로 사용 가능한 교보e캐시 1,000원 (유효기간 7일)
지금 바로 교보eBook의 다양한 콘텐츠를 이용해 보세요!