REGIONAL FINANCIAL MARKET OF INDIRECT FINANCING AND THE POSITIVE SPILL-OVER EFFECT OF FOREIGN DIRECT INVESTMENTS

Abstract

Abstract: Based on penal data of Chinese provinces and cities during 1985 to 2004,the analysis of different contributions of FDI for regional economic growth shows that there are no necessarily positive correlations between FDI and economic growth,while there is obvious positive spill-over effect for the areas which have more developed indirect financing markets. So,this paper concludes that it is very important to improve the indirect financing markets and increase the industrial afterward relations of FDI.

Key words: foreign direct investment, financial development, regional economic growth, afterward relation

摘要： 利用我国各省市1985—2004年面板数据分析FDI在地区经济发展中的贡献差异,结果发现,FDI和经济增长没有必然的正相关关系,但是间接融资市场发展比较好的省市,FDI对当地经济的增长有很明显的正溢出效应。因此,加快地区间接融资市场发展,增强FDI的产业后向关联,对于提高FDI对我国地区经济增长的正溢出效应十分重要。

关键词: 外商直接投资, 金融发展, 地区经济增长, 后向关联

CLC Number:

F830.9

LI Guo-min, WANG Qiu-shi. REGIONAL FINANCIAL MARKET OF INDIRECT FINANCING AND THE POSITIVE SPILL-OVER EFFECT OF FOREIGN DIRECT INVESTMENTS[J]. Economic Theory and Business Management, 2007, (6): 70-75.

李国民, 王秋石. 地区间接融资的金融市场和外商直接投资的正溢出效应[J]. 经济理论与经济管理, 2007, (6): 70-75.

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