外商直接投资、吸收能力、政府支出、国内投资与经济增长的关联性

利用协整理论和误差修正模型研究国际直接投资、吸收能力、国内投资、政府支出与经济增长的关联度以及相互作用的规律。研究结果表明,上述经济变量存在长期均衡关系,经济增长是经济变量共同作用的结果。但只有吸收能力是经济增长的Granger原因和直接动力。从短期来看,外商直接投资对经济增长的作用和影响远远超过国内投资和政府支出。外商直接投资、政府支出和国内投资在多大程度上影响经济增长取决于是否具有良好的吸收能力。

A Study of the Interrelation of Foreign Direct Investment, Absorptive Capability, Administrative Expenditure, Domestic Investment and Economic Growth

The paper probes into the interrelation and the interaction of FDI,absorptive capability,governmental expenditure,domestic investment and economic growth through the co-integration theory and ECM.The results obtained from our study indicate that there exists a long-term equilibrium relationship in the above economic variables and that the economic growth is subject to the results of common action of the economic variables.However,there is only absorptive capability that can be Granger cause and direct driving force for economic growth.In the short run,the function and effect of foreign direct investment upon economic growth can be much more greater than those of the domestic investment and government expenditure.Hence,to what extent FDI,administrative expenditure and domestic investment function and influence on economic growth depends on whether the host country has high absorptive ability.