Decomposing the Effects of FDI on Guangdong's Economic Growth |
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作者姓名: | Alan Wai Lun Lo Bill Wan Sing Hung |
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基金项目: | This paper was presented at the conference on Asia Pacific Economies: Multilateral vs. Bilateral Relationships, 19-21 May, 2004, which was organized by the APEC Study Centre of City University of Hong Kong. |
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摘 要: | Guangdong has been experiencing rapid economic growth, while this rapid growth was accompanied by a boom in inward foreign investment and the establishment of a direct link with the outside world. Using city-level panel data from 1996 to 2002, the four-year moving fixed effects FDI-led growth model empirically shows that Hong Kong, Macao and Taiwan (HMT) investment will not continue to make up the bulk of FDI in Guangdong for long, and that its dominant influence on Guangdong's economic growth will be gradually replaced by other sources of investment in the near future due to various political and economical reasons.
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关 键 词: | 广东 经济增长速度 经济建设 外国投资 |
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