중국의 외국인 직접투자 결정요인 분석 ( 1979 ~ 1999 ) = A Study on the Determinants of Foreign Direct Investment in China ( 1979 ~ 1999 )

다국어 초록 (Multilingual Abstract)

Since 1979, the Chinese government has continuously liberalized it`s polices and attitudes toward FDI in order to effectively induce foreign capital and thereby achieve economic development. In line with the simplification of investment procedures, the Chinese government has provided a complex set of various financial and non-financial incentives for FDI. As a result, China, by the end of 1999, became the second largest recipient country of FDI in the world. During the period of 1979∼1999, the most important determinants of FDI in China are the large size of domestic market, rapid economic growth, and cheap wages. A continue devaluation of domestic currency and a high rate of tariff compared to other countries are also important factors in inducing FDI. However, the domestic interest rates, amounts of imports, and dummy variable are not statistically significant in inducing FDI.