臺灣博碩士論文加值系統

本文旨在探討影響海外直接投資（FDI）的決定因素，研究樣本取自世界經濟論壇（World Economic Forum,WEF）資料庫，99個國家分別涵括2007-2017年，共1,089筆追蹤資料的觀察值。實證檢視全球競爭力指標（Global Competitiveness Index,GCI）的四大架構：賦能環境、人力資本、市場與創新生態及其所屬12項要素是否有益於海外直接投資的流入。研究結果發現，基礎建設、總體環境穩定、健康與創新能力的四個要素對FDI存在正向顯著的影響，適足以說明完善基礎設施、維持經濟與社會穩定並提升創新能力，將有利於吸引更多的FDI流入。此外，本文進一步發現金融體系透由資通訊科技對FDI產生正向顯著的調節效果，說明加強金融科技的發展更能彰顯金融體系對各國FDI流入的提升效應，當可提供有關當局制定經貿政策的參考。

This study aims to explore the determinants of foreign direct investment (FDI) inward. Having examined panel data from 99 countries for the years 2007 through 2017, totally 1,089 observations. The Global Competitiveness Index (GCI) dataset sourced from World Economic Forum (WEF). This paper empirically explores whether the four major structures of the GCI: enabling environment, human capital, markets and innovation ecosystem and its 12 elements are beneficial to the FDI inward. The empirical results find the positive and significant impact on FDI, include infrastructure, macroeconomic stability, health, and innovation capacity. This result discovers that improving infrastructure, maintaining economic and social stability, and enhancing innovation capacity can help attract more FDI inward. Additionally, the study further finds that the financial system, through the moderating effect of information and communication technology, has a positive and significant impact on FDI inward. This indicates that strengthening the development of financial technology can better highlight the enhancing effect of the financial system on FDI inward in various countries, which can provide a reference for relevant authorities in formulating trade and economic policies.

目次
摘要 i
Abstract ii
誌謝 iii
目次 iv
圖目次 vi
表目次 vii
壹、緒論 1
一、研究背景 1
二、研究動機 3
三、研究目的與流程 4
貳、文獻回顧 6
一、海外直接投資之相關理論 6
（一）H-O理論 6
（二）國際產品生命循環理論 8
（三）新貿易理論 8
（四）折衷理論 9
二、競爭力指數與貿易理論的關係 10
（一）賦能環境 11
（二）人力資本 11
（三）市場 12
（四）創新生態 13
參、研究方法 15
一、資料來源 15
二、變數定義與衡量 15
（一）被解釋變數 15
（二）解釋變數 15
三、研究方法 19
（一）追蹤資料迴歸模型 19
（二）調節變數 20
（三）模型配適度判斷 20
肆、實證分析 21
一、樣本特性描述 21
（一）敘述統計分析 21
（二）Pearson相關係數 21
二、共線性診斷 24
（一）普通最小平方法模型分析 25
（二）固定效果模型分析 28
（三）隨機效果模型分析 29
三、調節效果 33
伍、結論 36
一、結論與建議 36
二、研究限制 37
三、研究建議 37
陸、參考文獻 38
圖目次
圖 1 全球FDI淨流入趨勢 2
圖 2 APEC對外直接投資金額 3
圖 3 研究流程圖 5
表目次
表1 變數對FDI的影響相關文獻整理 14
表2 全球競爭力指標變數整理 16
表3 敘述統計分析表 22
表4 相關係數表 23
表5 變異數膨脹因子 24
表6 普通最小平方法模型分析 27
表7 固定效果模型分析 31
表8 隨機效果模型分析 32
表9 調節效果下的迴歸模型 35

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