THE IMPACT OF EXCHANGE RATE ON FDI IN THE CASE OF CHINA

XU, Y (2018) THE IMPACT OF EXCHANGE RATE ON FDI IN THE CASE OF CHINA. [Dissertation (University of Nottingham only)]

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Abstract

Abstract

Exchange rate and FDI are important macroeconomic variables for nations. There is a relation between the two factors. The impact of exchange rates on FDI has already been covered by numerous researchers around the world, and still receives much attention. China, as a quickly developing nation, is a good case to study when researching this problem. Many scholars have done a great deal of research on the influence of RMB exchange rate on FDI in China. The purpose of this paper is to systematically analyse the influence of RMB exchange rate on FDI in China as well as the mechanisms and channels of this influence, and further discuss the economic impact of exchange rate and FDI interaction on China in terms of three main aspects, including competitive effect, locational effect and sectoral effect. The effect of competitiveness has changed from the effect on cost-oriented FDI to the effect on market-oriented FDI at the overall level. Locational effect is still significant in certain areas, but the influence factors in specific regions have changed greatly over time. Meanwhile the sectoral effect went through an obvious change following the reform of the exchange rate system, especially for manufacturing and social services industries.

Item Type: Dissertation (University of Nottingham only)
Depositing User: XU, Yanlin
Date Deposited: 29 Apr 2022 15:46
Last Modified: 29 Apr 2022 15:46
URI: https://eprints.nottingham.ac.uk/id/eprint/54265

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