Effects of RMB Exchange Rate Changes on Chinas Outward FDI
With the rapid growth and the improvement of international competitiveness of Chinese economy,Chinas outward FDI has developed quickly,the relationship between RMB exchange rate and outward FDI has attracted more and more attentions in recent years.On the basis of constructing and analyzing the theoretical model,after method of calculation of exchange rate expectation and exchange rate volatility is given,the relationship between RMB exchange rate and Chinas outward FDI is explored by using the panel data from 2005 to 2013.The result shows that significantly positive correlations exist among the RMB exchange rate level,the exchange rate expectations and Chinas outward FDI,the RMB exchange rate volatility has significantly negative impact on Chinas outward FDI,which means the smaller the volatility is,the better promotion of the development of Chinas outward FDI.
exchange rate outward FDI multinational corporation
Yu Chao
Management Science and Engineering Cooperative College Qingdao Agricultural University No.700 Changcheng Road Qingdao,China
国际会议
贵阳
英文
122-125
2015-08-18（万方平台首次上网日期，不代表论文的发表时间）