FDI外商直接投资区位选择外文文献翻译2014年中文译文3100字
外商直接投资区位分布选择
外商直接投资的区位散布选择合理利用外资，并对外资推行适合的地区导向，促动地区经济协调发展，对于目前我国经济发展来说尤其重要。
问题的提出中外商直接投资作为国际资本的主体部分，据联合国贸易和发展委员会(UNCTAD)2014年世界投资报告中统计，2013年世界直接外资流入量增添9%，达到255000亿美元。
与此同时，贸发会议估计2014年世界直接外资流动量将达到万亿美元，2015年将达到17500亿美元，2016年将达18500亿美元。
跟着发达经济体经济复苏和进一步扩散，发达国家直接外资预期将进一步增添，即便这样，流入发展中经济体的直接投资在此后几年仍将保持高位。
发展中国家和转型期经济体在世界外资流入量最多的20个经济体排名中占了几乎一半。
中国的流入量达到历史新高，连续保持全球第二大接受国的地位。
值得注意的是，在2013年的世界直接外资流入量的 255000亿美元中，流向发展中经济体的直接外资达到了7780亿美元的新高，占世界总流入量的54%，而亚洲发展中国家仍旧是直接外资流入量最多的地域，中国作为最大的发展中国家，大陆与特别行政区的总量竟已超出美国。
改革开放以来中国经济的飞快增添获取了世界瞩目，年均9.7%的GDP增速让大批外资纷繁涌入国内，FDI作为主要的外资引进形式以1979年为起点，到1992年投资环境渐渐成熟，截止2013年末，数据显示中国实质引进的FDI存量已达到亿美元。
值得注意的是在这些巨额的FDI中，均匀80%都落在了东部沿海地域，2000年前，占比差异尤其突出，东西部地域占比差额最高可达81%。
FDI在中国的地域散布表现出两极分化现象，这类极不均衡的散布特点成为了国内外经济学者的研究对象。
可以初步推测东部地域的利于运输的地理地点，相对发达的地域经济，较为完美的基础设备等有益条件成为了吸引早期绝绝大部分境外投资资本的原由。
但最近几年来，跟着2001年中国加入世界贸易组织(WTO)，经济水平获取了进一步提高，在2005年更是一举超出日本成为世界第二大经济体，东部沿海有些地域的经济指标已经与一般发达国家均匀水平持平，由于初期投资中国沿海的外商公司很绝大部分是劳动密集型的出口导向型公司，在东部地域连续窜高的成本促进下公司们逐渐在迁址和转型时期做出选择，于此同时，中西部地域在政府鼎力开发政策下，基础设备渐渐完美，加之政策的扶助与依旧较低的薪资水平，成功吸引了部分想从东部撤退的外资——愈来愈多的公司开始考虑把工厂从东部迁徙到中西部省份，但出乎不测的是，截止2013年末东部地域的占比仍有70%左右，且陪伴着超出10%的年增添率，明显吸引着外资的不再只是是便宜的成本了。
外商直接投资(FDI)在我国区位选择的文献综述
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了解外国直接投资(FDI)外文翻译(可编辑)
了解外国直接投资(FDI)外文翻译外文翻译原文Understanding Foreign Direct Investment FDIMaterial Source: ////0>._foreign_direct_investment.htm Author: Jeffrey P. Graham and R. Barry SpauldingForeign direct investment FDI plays an extraordinary and growing role in global business. It can provide a firm with new markets and marketing channels, cheaper production facilities, access to new technology, products, skills and financing. For a host country or the foreign firm which receives the investment, it can provide a source of new technologies, capital, processes, products, organizational technologies and management skills, and as such can provide a strong impetus to economic development. Foreign direct investment, in its classic definition, is defined as a company from one country making a physical investment into building a factory in another country. The direct investment in buildings, machinery and equipment is in contrast with making a portfolio investment, which is considered an indirect investment. In recent years, given rapid growth and change in global investmentpatterns, the definition has been broadened to include the acquisition of a lasting management interest in a company or enterprise outside the investing firm’s home country. A s such, it may take many forms, such as a direct acquisition of a foreign firm, construction of a facility, or investment in a joint venture or strategic alliance with a local firm with attendant input of technology, licensing of intellectual property, in the past decade, FDI has come to play a major role in the internationalization of business. Reacting to changes in technology, growing liberalization of the national regulatory framework governing investment in enterprises, and changes in capital markets profound changes have occurred in the size, scope and methods of FDI. New information technology systems, decline in global communication costs have made management of foreign investments far easier than in the past. The sea change in trade and investment policies and the regulatory environment globally in the past decade, including trade policy and tariff liberalization, easing of restrictions on foreign investment and acquisition in many nations, and the deregulation and privation of many industries, has probably been the most significant catalyst for FDI’ s expanded role ? The most profound effect has been seen in developing countries, where yearly foreign direct investment flows have increased from an average of less than $10 billion in the 1970’s to a yearly average of less than $20 billion in the 1980’s, to explode in the 1990s from $26.7billion in 1990 to $179 billion in 1998and $208 billion in 1999 and now comprise a large portion of global FDI Driven by mergers and acquisitions and internationalization of production in a range of industries, FDI into developed countries last year rose to $636 billion, from $481 billion in 1998 Source: UNCTADProponents of foreign investment point out that the exchange of investment flows benefits both the home country the country from which the investment originates and the host country the destination of the investment. Opponents of FDI note that multinational conglomerates are able to wield great power over smaller and weaker economies and can drive out much local competition. The truth lies somewhere in the middle.For small and medium sized companies, FDI represents an opportunity to become more actively involved in international business activities. In the past 15 years, the classic definition of FDI as noted above has changed considerably. This notion of a change in the classic definition, however, must be kept in the proper context. Very clearly, over 2/3 of direct foreign investment is still made in the form of fixtures, machinery, equipment and buildings. Moreover, larger multinational corporations and conglomerates still make the overwhelming percentage of FDI. But, with the advent of the Internet, the increasing role of technology, loosening of direct investment restrictions in many markets and decreasing communication costs means that newer, non-traditional forms of investment will play an important role in the future. Manygovernments, especially in industrialized and developed nations, pay very close attention to foreign direct investment because the investment flows into and out of their economies can and does have a significant impact. In the United States, the Bureau of Economic Analysis, a section of the U.S. Department of Commerce, is responsible for collecting economic data about the economy including information about foreign direct investment flowsMonitoring this data is very helpful in trying to determine the impact of such investments on the overall economy, but is especially helpful in evaluating industry segments. State and local governments watch closely because they want to track their foreign investment attraction programs for successful outcomes.How Has FDI Changed in the Past Decade As mentioned above, the overwhelming majority of foreign direct investment is made in the form of fixtures, machinery, equipment and buildings. This investment is achieved or accomplished mostly via mergers & acquisitions. In the case of traditional manufacturing, this has been the primary mechanism for investment and it has been heretofore very efficient. Within the past decade, however, there has been a dramatic increase in the number of technology startups and this, together with the rise in prominence of Internet usage, has fostered increasing changes in foreign investment patterns. Many of these high tech startups are very small companies that have grown out of research & development projects often affiliated withmajor universities and with some government sponsorship. Unlike traditional manufacturers, many of these companies do not require huge manufacturing plants and immense warehouses to store inventory. Another factor to consider is the number of companies whose primary product is an intellectual property right such as a software program or a software-based technology or process. Companies such as these can be housed almost anywhere and therefore making a capital investment in them does not require huge outlays for fixtures, machinery and plants.In many cases, large companies still play a dominant role in investment activities in small, high tech oriented companies. However, unlike in the past, these larger companies are not necessarily acquiring smaller companies outright. There are several reasons for this, but the most important one is most likely the risk associated with such high tech ventures. In the case of mature industries, the products are well defined. The manufacturer usually wants to get closer to its foreign market or wants to circumvent some trade barrier by making a direct foreign investment. The major risk here is that you do not sell enough of the product that you manufactured. However, you have added additional capacity and in the case of multinational corporations this capacity can be used in a variety of waysHigh tech ventures tend to have longer incubation periods. That is, the product tends to require significant development time. In the caseof software and other intellectual property type products, the product is constantly changing even before it hits the marketplace. This makes the investment decision more complicated. When you invest in fixtures and machinery, you know what the real and book value of your investment will be. When you invest in a high tech venture, there is always an element of uncertainty. Unfortunately, the recent spate of dot failures is quite illustrative of this point.Therefore, the expanded role of technology and intellectual property has changed the foreign direct investment playing field. Companies are still motivated to make foreign investments, but because of the vagaries of technology investments, they are now finding new vehicles to accomplish their goals. Consider the following: Licensing and technology transfer. Licensing and tech transfer have been essential in promoting collaboration between the academic and business communities. Ever since legal hurdles were removed that allowed universities to hold title to research and development done in their labs, licensing agreements have helped turned raw technology into finished products that are viable in competitive marketplaces. With some help from a variety of government agencies in the form of grants for R&D as well as other financial assistance for such things as incubator programs, once timid college researchers are now stepping out and becoming cutting edge entrepreneurs. These strategic alliances have had a serious impact inseveral high tech industries, including but not limited to: medical and agricultural biotechnology, computer software engineering, telecommunications, advanced materials processing, ceramics, thin materials processing, photonics, digital multimedia production and publishing, optics and imaging and robotics and automation. Industry clusters are now growing up around the university labs where their derivative technologies were first discovered and nurtured. Licensing agreements allow companies to take full advantage of new and exciting technologies while limiting their overall risk to royalty payments until a particular technology is fully developed and thus ready to put new products into the manufacturing pipeline Reciprocal distribution agreements: Actually, this type of strategic alliance is more trade-based, but in a very real sense it does in fact represent a type of direct investment. Basically, two companies, usually within the same or affiliated industries, agree to act as a national distributor for each other’s products. The classical example is to be found in the furniture industry. A U.S.-based manufacturer of tables signs a reciprocal distribution agreement with a Spanish-based manufacturer of chairs. Both companies gain direct access to the other’s distribution network without having to pay distributor support payments and other related expenses found within the distribution channel and neither company can hurt the other’s market for its products. With out such an agreement in place, theSpanish manufacturer might very well have to invest in a national sales office to coordinate its distributor network, manage warehousing, inventory and shipping as well as to handle administrative tasks such as accounting, public relations and advertising.Joint venture and other hybrid strategic alliances: The more traditional joint venture is bi-lateral, that is it involves two parties who are within the same industry who are partnering for some strategic advantage. Typical reasons might include a need for access to proprietary technology that might tip the competitive edge in another competitor’s favor, desire to gain access to intellectual capital in the form of ultra-expensive human resources, access to heretofore closed channels of distribution in key regions of the world. One very good reason why many joint ventures only involve two parties is the difficulty in integrating different corporate cultures. With two domestic companies from the same country, it would still be very difficult. However, with two companies from different cultures, it is almost impossible at times. This is probably why pure joint ventures have a fairly high failure rate only five years after inception. Joint ventures involving three or more parties are usually called syndicates and are most often formed for specific projects such as large construction or public works projects that might involve a wide variety of expertise and resources for successful completion. In some cases, syndicates are actually easier to manage because the projectitself sets certain limits on each party and close cooperation is not always a prerequisite for ultimate success of the endeav 译文了解外国直接投资FDI资料来源: ////. _direct_investment.htm作者:Jeffrey P. Graham and R. Barry Spaulding外商直接投资(FDI)在全球经济活动中发挥着特殊的作用,它的作用也越来越大。
fdi英文参考文献
fdi英文参考文献在研究外国直接投资（Foreign Direct Investment，简称FDI）的英文参考文献方面，以下是一些常见的文献推荐：1. Dunning, J. H. (1993). Multinational enterprises and the global economy. Addison-Wesley.这本书是外国直接投资领域的经典之作，由著名学者Dunning撰写。
书中系统地探讨了跨国企业和全球经济之间的关系，对FDI的发展和影响进行了深入研究。
2. Blomström, M., Lipsey, R. E., & Zejan, M. (1994). What explains developing country growth? NBER Working Paper No. 4132.这篇工作论文探讨了发展中国家经济增长的原因，其中包括外国直接投资的影响。
作者通过实证研究，提供了对FDI对发展中国家经济增长的解释。
3. Alfaro, L., Chanda, A., Kalemli-Özcan, S., & Sayek,S. (2004). FDI and economic growth: the role of local financial markets. Journal of International Economics,64(1), 89-112.这篇文章研究了外国直接投资和经济增长之间的关系，并关注了当地金融市场的作用。
作者通过分析多个国家的数据，得出了FDI对经济增长的积极影响，以及金融市场在这一过程中的重要作用。
4. Jensen, N. M. (2003). Democratic governance and multinational corporations: Political regimes and inflows of foreign direct investment. International Organization, 57(3), 587-616.这篇文章研究了民主治理与跨国公司之间的关系，特别关注了政治体制对外国直接投资流入的影响。
外商直接投资外文翻译
外文翻译之一To share or not to share: Does local participation matter for spillovers from foreign direct investment? Author(s)：Beata Smarzynska Javorcik and Mariana Spatareanu Nationality：U.S.Source：“To share or not to share: Does local participation matter f or spillovers from foreign direct investment?” Journal of Development Economics, Article in press1. IntroductionAlthough domestic equity ownership requirements used to be extensively utilized by governments in developing countries,2 their incidence has sharply declined in recent years (UNCTAD, 2003). Increasingly competitive environment for foreign direct investment (FDI) and the need to comply with international commitments have put pressure on governments to relax restrictions on foreign entrants.One of the original motivations for the existence of ownership sharing conditions was the belief that local participation in foreign investment projects reveals their proprietary technology and thus benefits domestic firms by facilitating technology diffusion (see Beamish, 1988 and Blomström and Sjöholm, 1999). As writing a contract specifying all aspects of the rights to use intangible assets is difficult, if not impossible, joint domestic and foreign ownership of an investment project is more likely to lead to knowledge dissipation. A local partner may use the knowledge acquired from the foreign investor in its other operations not involving the foreign shareholders or being in charge of hiring policies, as is often the case, the local partner may have less incentive to limit employee turnover.3 This problem is reduced when the multinational is the sole owner of its affiliate.4As a consequence, multinationals may be more likely to transfer sophisticated technologies and management techniques to their wholly owned subsidiaries than to partially owned affiliates.5This in turn has implications for knowledge spillovers to local producers in a host country. Less sophisticated technologies being transferred to jointly owned FDI projects may be easier to absorb by local competitors, which combined with a better access to knowledge through the actions of the local shareholder may lead to greater intra-industry (or horizontal) knowledge spillovers being associated with the shared ownership structure than with wholly owned foreign affiliates. Moreover, lower sophistication of inputs needed by jointly owned FDI projects and the familiarity of the local partner with local suppliers of intermediates may result in greater reliance on locally produced inputs and thus greater vertical spillovers accruing to local producers in upstream sectors. While a lot of research effort has been put into looking for the evidence of FDI spillovers (see the next section), little attention has been devoted to how the ownership structure affects this phenomenon.6This paper is a step forward in understanding the implications of the ownership structure of FDI projects for the host country. Using firm-level panel data from Romania for the 1998–2003 period, we examine whether wholly owned foreign affiliates and investments with joint domestic and foreign ownership are associated with a different magnitude of spillovers within the industry of operation and to upstream sectors supplying intermediate inputs. The results suggest that the ownership structure in FDI projects does matter for productivity spillovers.Consistent with our expectations, the analysis indicates that projects with joint domestic and foreign ownership are associated with positive productivity spillovers to upstream sectors but no such effect is detected for wholly owned foreign subsidiaries. The difference between the two coefficients is statistically significant. The magnitude of the former effect is economically meaningful. A one-standard-deviation increase in the presence of investment projects with shared domestic and foreign ownership is associated with a 4.4% increase in the total factor productivity of domestic firms in the supplying industries. This pattern can be found at the national as well as at the regional level. It holds for both best performers in each sector as well as for firm exhibiting lesser performance. The presence of joint ventures in downstream sectors benefits domestic firms but has no effect on foreign affiliates.In contrast to the vertical effects, the presence of FDI appears to have a negative effect on the performance of local firms operating in the same sector. As argued by Aitken and Harrison (1999), this may be due to the fact that local producers lose part of their market share to foreign entrants and thus are forced to spread their fixed cost over a smaller volume of production. The empirical literature suggests that the negative competition effect outweighs the positive effect of knowledge spillovers in developing countries (Aitken and Harrison, 1999, Djankov and Hoekman, 2000 and Konings, 2001). If greater knowledge dissipation tends to be associated with jointly owned FDI projects, we would expect that FDI with shared ownership has a less negative effect on local producers than do wholly owned foreign projects. Our findings are consistent with this expectation, as in all specifications we find the anticipated pattern. The difference between the magnitudes of the two coefficients is statistically significant for sectors with domestic-market orientation, in the subsample of foreign firms and in the regressions focusing on regional spillovers.While our findings are consistent with the existence of externalities associated with FDI, a word of caution is in order. We use the term ”spillovers” very broadly as our methodology does not allow us to distinguish between pure knowledge externalities, the benefits of scale economies that may be enjoyed by suppliers to multinationals or the effects of increased competition resulting from foreign entry into the product market. More work is certainly needed to fully understand the effects of FDI inflows on host countries.Our findings should not be interpreted as suggesting that restrictions on the extent of foreign ownership are desirable, as such restrictions may lead to lower overall FDI inflows and have other implications not addressed in our analysis. There exist other policies that could potentially be used to facilitate local sourcing by multinationals, such as improvements to the business climate or supplier development programs that assist local producers in learning how to satisfy requirements of foreign buyers. In any case, more research is needed to enhance our understanding of host country conditions facilitating knowledge spillovers from foreign direct investment and the role government policies may play in this area.能分享还是无分享：地方参与真的能从外商直接投资中获得溢出吗？作者：比阿塔·司马新斯卡·加沃斯克和玛瑞安娜·斯帕塔瑞奴国籍：美国出处：发展经济学期刊正在出版中1、引言尽管国内资产所有要求被广大发展中国家政府广泛地利用，近几年来它们的影响力急剧地下降，对外商来说越来越激烈的竞争环境以及需要遵守国际条约的压力迫使镇古放松外国进入者的限制。
外商直接投资文献综述资料
本文档包括改专题的：外文文献、文献综述一、外文文献Foreign Direct Investment (FDI) and standard of living in NigeriaAkinmulegun, Sunday Ojo.Journal of Applied Finance and Banking (2012),2(3): 295-309. AbstractThe subject of interrelationship that exists between foreign direct investment (FDI) and standard of living has been an issue of both theoretical and empirical investigations. This study, thus examined the relationship between foreign direct investment and standard of living measured by per capita income (PCI) in Nigeria over 1986 - 2009 period using time series data. The study employed Vector Auto regression (V AR) model because of the fact that the variables are integrated of different orders in their Unit Root Tests.Test involving Impulse Response Analysis and Variance Decomposition reveal that the relationship between FDI and standard of living is insignificant. Thus, the past values of FDI could be used to predict the future behavior of standard of living in Nigeria only to a lesser extent.Thus, the policy implications underscore the need for institutional and macroeconomic policy framework that would redirect steps in making FDI to contribute positively to the standard of living in Nigeria by channeling the available FDI into industrial, productive sector of the economy.JEL classification numbers: F3, I3, D3, C3Keywords: Foreign Direct Investment (FDI), Standard of Living, Per Capital Income, Vector Autoregression Model(ProQuest: ... denotes formulae omitted.)1 IntroductionForeign direct investment (FDI) can be defined as "investment made to acquire lasting interest in enterprises operating outside of the economy of the investor" (Mosima, 2003). Thus, it is not only a transfer of ownership from domestic to foreign residents but also a mechanism that makes it possible for foreign investors to exercisemanagement and control over host country's firms (Hill, 2004; Sandey, 2003). Accordingly,"when a corporation or an individual decides to move from its countrydomain; crossing international border(s) to establish a new production capacity in such a nation, and/or join a domestic enterprise or a host national to form a corporation, whether or not the corporation has formerly being in existence, in the course of a national establishing a new corporation/enterprise not existing in its country-domain; such that the control and management lies in the hands of the foreign national, such an investment is called foreign direct investment (FDI) and hitherto manifests as such" (Akinmulegun, 2011)Among others, Feldstein (2000) opined that profits generated by FDI contribute to corporate tax revenue in the host country. In addition, if the foreign affiliate decides to reinvest the proceeds into the domestic system, it will be an additional advantage to economic growth in the host nation with the attendant impact any structural change exerts on standard of living of individual citizenry. Although, the theoretical literature on this is clear and straightforward (Findlay, 1978; Romer, 1994), however, the evidence in empirical studies is still divided. This gap needs to be filled.This study therefore aims at examining the impact of FDI on the life standards of Nigerian citizens. Thus, the major hypothesis to be tested is; Ho: foreign direct investment in Nigeria has no significant relationship with the people's standard of living.2 Literature Review2.1 Conceptual LiteratureOne of the major dramatic changes in the world economy over the past three decades as evidence in the super flows of institutions is the surge in the FDI across national borders (Mimiko, 2010). This is so to the extent that scholars all over the ages have argued in favour of FDI as a catalyst for economic growth and living standards in the host nation. That, the wide externalities in respect of technology transfer, the development of human capital and enhancement of domestic productive capacities attested to the beneficial effects of FDI cannot be overemphasized (Bende-Nabende,2002; Feldstein, 2000; Chantal and Patrick, 2005; Alfaro and Charlton, 2007; Mottaleb, 2007; Ayanwale, 2007; Maertens and Swinnen, 2008). The growth effects of FDI and subsequent multiplier impact on living standards in the host country in terms of productivity gains, managerial skills and know-how in the domestic market, employee training, international networks and markets account for its preference as evident in the literature (Findlay, 1978; Caves, 1996; UNCTAD, 1999; Carkovic and Levine, 2002).However, it is sometimes feared whether FDI contributes to the broader aspect of growth and the distribution of income in the host economy. For growth potentials of FDI to manifest, the distribution and redistribution of income as a central factor in determining the impact of growth on living standards cannot be overemphasized. This presupposes a linkage between growth and poverty level of an economy. Thus empirical evidence on the relationship between growth and poverty has shown that higher growth is usually associated with reduction in poverty (Ravallion and Chen, 1997; Dollar and Kraay, 2002; Ravallion and Datt, 2002; Besley and Burgess, 2003; Kraay, 2006; Ashley, 2008). This further presupposes equitable living standard.2.2 Empirical LiteratureThat economic theory univocally predicts a positive and directional impact of FDI on standard of living is a subject of intensive examination as empirical evidence is mixed. There seems to be no doubt that there is a strong correlation between FDI and standard of living. This has been argued from the economic growth potentials of FDI (Hayami, 2001; Mottaleb, 2007; Crespo and Fontura, 2007).Measured in terms of domestic productivity, Adams (2004) found from his regression analysis that FDI is not harmful to sub-Saharan African (SSA) countries. Thus, contributing to the living standard of its citizenry. All these predict a greater positive impact of FDI on living standards of the host country.However, empirical evidence casts doubts on the relationship that exist between FDI and standard of living. This spurred the idea behind this research work at investigating the relationship using a dynamic approach as specified below.3 MethodologyThe methodological approach used in this study follows the works of Selvanathan and Selvanathan (2008) as captured in the growth model, which depicts a realistic relationship between two variables of output and capital stock as in Solow (1956) given as;Yit= α0+αi+μ i+βXit+εit (1)In line with the above theoretical framework therefore, this relationship between FDI and standard of living measured by PCI is presented in a simple model as follows: PCI=f(FDI) (2)wherePCI = per capita income (a measure of standard of living)FDI = foreign direct investmentThe apriori expectation is that;...To avoid spurious regression as suggested by Gujarati and Porter (2009), a stationary test (unit root test) will be conducted to determine the time series properties of the variables and to know whether a condition for long-run equilibrium relationship among them is met.Thus, it is required that variables in a model should be integrated of the same order to meet the condition for long-run equilibrium relationship known as cointegration.If this condition is not met, a better option for estimation as suggested by Gujarati and Porter (2009) and Greene (2003) is the Vector Autoregression (V AR). Hence, this study prefers the V AR model which is specified mathematically asYt=AtYt-1+...+ApTt-p+βtXtεt (3)where t Y is a k vector of endogenous variables (PCI and FDI), t X is a vector of exogenous variables. At ,....Ap and β are matrices of coefficient to be estimated and εt is a vector of innovation.The V AR is commonly used for forecasting system of interrelated time series and for analyzing the dynamic impact of random disturbances on the system of variables. It sidesteps the need for structural modeling by modeling every endogenous variable in the system as a function of the lagged values of all the endogenous variables in theThe V AR form of the model above is given as (4) (5)where β1j and β2j are matrices of coefficient to be estimated and β1t is a vector of innovation, j=1,2,...,k . This is the lag length of each variable. The choice of lag length for this study is made using Akaike Information Criterion (AIC).Once the V AR is estimated, a further analysis in terms of Variance Decomposition and Impulse Response will be conducted. Impulse Response Analysis traces the effects of a shock to an endogenous variable on the variables in the V AR. By contrast, variance decomposition decomposes variation in an endogenous variable into the component shocks to the endogenous variable in the V AR. This gives information about the relative importance of each random innovation to the variables in the V AR.The study thus uses time series data on per capita income (PCI) and foreign direct investment (FDI) collected for 1986 ¡V 2009 period. Data were gathered notably through secondary sources. Results of both Impulse Response functions and Variance Decomposition are presented in the next section.4 Data Analysis4.1 Stationary Test of VariablesTable 1 above presents the results of the Philip Peron Unit root test. The table enables us to determine the time series properties of each variable, and know whether a condition for long-run equilibrium relationship among the variables is met.Note: The Null hypothesis is that the series is non-stationary or contains a unit root. Test statistics for PP are compared with stimulated critical values from Mckinnon, testing the hypothesis at both 5% and 10% significance levels.The lag length in PP test known as test bandwidth selection is based on Newey-West. All results are obtained from E-view 7.1 econometric package.The variables are made stationary at their first difference thereby integrated of order one, denoted as I(1). Hence, the result is a clear indication that the model does not meet the condition for cointegration since all variables are integrated of differentAs suggested by Gujarati and Porter (2009) and Greene (2003); a better alternative when variables in a model are not integrated of the same order is to resort to the V AR technique and all its attached system dynamics. Hence, the use of V AR by this study is justified.4.2 Vector Autoregression ResultsTo know how much endogenous the variables are, the summary regression statistics are presented in Table 2 below.Table 2 above shows the summary of regression statistics. The table presents the level of endogeneity of the variables in the model.The degree of endogeneity of each variable is found to be very high with the high R2 and adjusted R2 of the variables. This implies that the variables are affected by each other to a larger extent.As stated earlier, the main uses of the V AR are the impulse response analysis and the variance decomposition, which show the nature and direction of the relationship among the variables.The impulse response function and the variance decomposition tables are presented in Tables 3 and 4 below.Table 3 below represents the impulse response function. The impulse response function table traces the effect of a one standard deviation shock to one of the innovations on current and future values of the endogenous variables in the V AR model.Table 4 below presents the results of the variance decomposition. The result as presented decomposes variations in an endogenous variable into the component shocks to the endogenous variables in the V AR model.The result in Tables 3 and 4 represents the impulse response function results and the variance decomposition results. The interpretation of the results is straight forward. The question is that, what happened to PCI (a proxy for standard of living) if there is one standard deviation shock to FDI. The impulse response results in Table 3 show that a one standard deviation shock to FDI impacts significantly on living standard,measured by PCI. However, the impact is positively unstable. On the other hand, a better analysis of the magnitude and direction of impact between FDI and living standard is revealed by the results of the variance decomposition in Table 4 below. The table shows that initially 73.25 percent of variations in PCI were feedback effect, but reduces drastically to 8.44 percent and 9.41 percent in the 5th and 10th periods respectively.The impact of FDI on PCI was insignificant. Less than 1 percent in the first instance. However, in the variance decomposition of FDI, the results revealed that the contribution of FDI to variations in PCI (a measure of standard of living) was about 33.12 in the first period and diminishingly reduces to a low figure of 3.39 percent in the 10th period. This highly contradicts the apriori expectation of this studyThus, the major inference that can be drawn from the findings is that FDI impacts insignificantly on living standard in Nigeria.While the feedback effect on PCI (a measure of standard of living) reduces, the impact from other exogenous variables takes over except for the FDI. These other exogenous variables according to Akinmulegun (2011) include, Current Account Balance (CAB) and Index of openness (both proxies of globalization).5 Discussions, Conclusions and Policy RecommendationsThis study adopts a country specific-data in the analysis to allow for an indepth and elaborate investigation into the impact of FDI on standard of living as it relates to an individual nation-state. The variables are affected by each other from the results of the regression statistics tests, thus; they stand to explain changes in each other. Deduced from the findings is that FDI has insignificant impact on living standard in Nigeria with FDI accounting for less than 2 percent in the variations in PCI in the first instance, and less than 10 percent in the subsequent impact decomposition of FDI. This might not be unconnected with the small proportionate share by Nigeria from the slow proportion of FDI flows to sub- Saharan Africa and the appropriation of the little flows that accrued to Nigeria. When the investment of FDI into the domestic economy is majorly on white elephant projects that have no direct impact on what goes to the pockets of individual citizenry, one would not expect anything other than the resultsabove. Chantal and Patrick (2005) argued that the sector in which a country receives FDI affects the extent to which the country could realize its potential benefits. Furthermore, the results juxtapose the findings of Adams (2009); as the political environment in Nigeria over the years and the dilapidated infrastructural facilities serve as a bane to FDI growth-potential in the nation. Where over 80 percent of the FDI flows to Nigeria goes to oil sector alone, one will not expect the effect to be on the per capita income as the majority of the benefits are channel towards unproductive service sector, thus neglecting the industrial productive sectors.The findings of this study therefore leads us to accepting our Null hypothesis that FDI in Nigeria has no significant relationship with living standard. Thus, with the bi-directional relationship between FDI and PCI, the finding is consistent with theory and empirical literature. FDI is expected to have causal influence on standard of living, such that the past values of FDI should be able to help predict future values of PCI. This is in line with the previous findings (Adams, 2004; Fosu and Magnus, 2006) and therefore satisfies the objective of examining relationship between FDI and PCI of this study, however, the relationship is insignificant. This insignificant impact of FDI on PCI corroborates Ayadi (2009).The policy implication of this is that the past values of FDI can only predict the future values of PCI to a lesser extent.It is thus recommended that;i. Government should embark on policies that would attract more FDI to the dynamic products and sectors with high-income elasticities of demand.ii. FDI should be channeled to the production of secondary products, such that FDI be made to contribute positively to the living standard of Nigeria.iii. Government should redirect steps at making FDI (more importantly, Oil FDI) to contribute positively to the PCI through a well articulated policies that will develop non-oil sectors of the economy.Acknowledgements: I wish to acknowledge the contribution of the entire academic staffof Banking and Finance Department, Adekunle Ajasin University for the successful completion of this work. In addition, the comment of Professor J.A.Oloyede and Dr. T.M. Obamuyi is appreciated.二、文献综述作为技术溢出的外商直接投资文献综述摘要目前国内外学者主要是从外商直接投资和进口贸易两个方面研究技术溢出的效应。
FDI政策的可持续利用外文翻译(可用于外商直接投资)
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FDI外商直接投资文献综述及外文文献资料本文档包括改专题的：外文文献、文献综述一、外文文献A Snapshot of Foreign Direct Investment (FDI) with Recent Trends WorldwideJha, Hem Chandra; Ghosh, JagannathAbstractFDI indicates net inward flows of investment to achieve a long lasting management interest operating in a nation other than the nation of the investment. FDI may be of 2 types as inward FDI and outward FDI. Foreign direct investor might take place through creating a wholly owned subsidiary or company, engaging in an equity joint venture with another organization, or through merger/acquisition of an enterprise. Organizations are considering FDI as a way to be globalised. It ensures that companies are closer to their demanded consumer market. It assists in economic development of that nation where the investment is applied and has rescued several countries facing economic down turn. Inward FDI has good effect for job creation-employment for host countries with resource transfer. If a province has huge natural resources, it makes investors invest in that country. Its population plays a vital role for pulling FDI. Major determinants of FDI are size of the host country, future growth prospects of the economy, infrastructural facility, cheap labour force etc. Again if there is high per capita income of that nation or if the people have sound spending capabilities then it will pull high FDI. In 2010 and 2009, FDI was $1,122 billion and $1,114 billion respectively. World's largest receiver of FDI is US whose total figure of FDI has been $194 billion in 2010.25% of FDI in U.Scame in 2010 from France, Japan, UK, Canada, Switzerland, Netherlands etc. China is next largest recipient of FDI. It has reached $185 billion in 2010. India is destination for FDI after China. Telecomm, electronics, construction, automobile, and computer attract most inflows. Significant sources of FDI are Mauritius, Singapore, US and UK. FDI in Europe increased in this decade. Extent of European FDI projects in 2010 topped with 14% increase reaching 3,757 FDI project announcements. UK and France remain leaders in Europe in FDI context. Promotional effort to bring FDI is the trend of every nation. Many countries liberalise their standards/economic policies to pull FDI.Credits go to the expansion in IT, communication technologies and logistics. These allow production to be close to markets utilising advantage of the particular features of several locations. Many nations offer financial benefits like cash grants, tax concessions, and emphasise on modifying the skill parameter, infrastructure and form a platform to meet the demands and expectations.Keywords: FDI, investment, inflow, US, trend, growthIntroductionForeign Direct Investment or FDI indicates the net inward flows of investment to achieve a long lasting management interest operating in a nation other than the nation of the investor. It may be in the form of equity capital, long-term capital, and short-term capital etc. It consists participation in management, sharing of man power, joint-venture, transfer of technology and skills/expertise. FDI may be of two types as inward foreign direct investment and outward foreign direct investment. These two FDIs result in a net FDI inflow which may be positive or negative. These also determine "stock of foreigndirect investment", that is the cumulative number of FDIs for a given period. Foreign direct investment does not include investment through purchase of shares. FDI is considered as an example of international factor movements.Materials and MethodsFor the purpose of in depth study the contents have been taken from relevant books, articles, journals and websites. The method used is analytical and descriptive. Both primary as well as secondary sources of information have been taken.Results and DiscussionsTypes of FDI1. Horizontal FDI : It takes place when an organisation copies its home countrybased activities in a host country at the same value stage through Foreign direct investmenty.2. Vertical FDI: It happens when an organisation goes upstream or downstream in different value chains through FDI. It also takes place when companies execute valueadding activities gradually in a vertical fashion in a host country.Methods of FDI : The foreign direct investor might take place through the following methods:By creating a wholly owned subsidiary or companyEngaging in an equity joint venture with another investor organisation.Through merger or acquisition of an enterprise.Trends of FDI : Generally FDI is propagated at developing countries as companies from advanced economies invested in other markets. US captures most of the FDI inflows. While developed countries still are considered for the largest proportion of FDI inflows. According to data, the stock and flow of FDI has raised and it is going towards developing countries,especially in the emerging economies world wide.Also many companies and organizations are now considering FDI as a way to be globalised. FDIs permits corporations to avoid government pressure on local production and cope with measures by handling trade barriers. The move also ensures that companies are closer to their demanded consumer market, especially if companies establish locallybased sales offices.Benefits of FDI : The major advantage of foreign direct investment is that it assists in the economic development of that nation where the investment is applied. This logic is more applicable for developing countries. FDI has been one major external sources of finance for maximum nations that were developing economically. It is also true that foreign direct investment has rescued several countries when they encountered economic down turn. For example, during the 1997, Asia suffered from financial crisis. The foreign direct investment made in these countries during this duration was steady yet. But other forms of cash inflows suffered a lot. Same thing happened in Latin America in the 1980s and in Mexico in 1994-95.Inward FDI has the good effect for job creation and employment for host countries. It also results in higher wages. Other benefits of FDI are resource transfer, in terms of capital and technical knowledge. In this century, FDI is used as a strategy of new market entry for investors as well as an investment strategy. FDI growth has increased at a higher rate than the level of world trade. Globalization has made thehorizons extended and corporations now treat the whole world economy as their potential market. Also FDI renders reduced cost for investors, through the coordination advantagesand it is more true for integrated supply chains. The preference for a direct investment approach is a good means of strategic control, where the head authority keeps right for technological know-how and intellectual property to be kept in-house.Determinants of FDI : If a province has huge natural resources, then it always makes investors eager to invest their money in that country. For example, Saudi Arabia has attracted foreign companies to invest in that nation to grasp the precious oil resources at their disposal. For export based FDIs, the dimensions of the host country are vital because there are scopes for bigger economies of scale. In this context, the population of corresponding nation plays a vital role for pulling foreign direct investors to that nation. In this situation, the investors are attracted by the prospects of a huge customer base. One major determinant of FDI is the size of the economy of the host country as well as the future growth prospects of the economy of that nation where the investment is to be made. It is generally presumed that if the host country own a massive market, it can develop fast from an economic context. The investors would make most of the investments in prospective country.Another factor is infrastructural facility. Examples are the status of telecommunications, road ways and railways. This factor plays a vital role for attracting the foreign direct investors into a particular country. If the infrastructural facilities are well in a country then there is a notable amount of foreign direct investment. If a nation invites overseas investors and has access to the international markets then it receives higher amounts of foreign direct investment. Some countries have reset their economic policies to cope with the needs of the overseas investors. In this case, the investor companies maintaintransparency according to the legal platforms in that place. Outsider companies should understand the implications of their investment in a particular country and adopt perfect decisions. Cheap labour force is also a vital factor for pulling foreign direct investment. The boom of BPO culture and the revolution of I.T companies in India show that availability of cheaplabor force plays vital part for attracting global direct investment.Again if there is high per capita income of citizens of that nation or if the people of that country have sound spending capabilities then it will result the excellent performances for foreign direct investors. Current status of the citizens in a province is also a determinant in pulling direct investment from global base. Countries like China etc have taken an steps in increasing the quality of their citizens. China has laid down compulsion for every Chinese citizen to have minimum nine years of education. This step has enhanced the standards of the citizens in that nation.According to the United Nations Conference on Trade and Development, there has not been significant growth of Global FDI in 2010. In 2010 and 2009, it was $1,122 billion and $1,114 billion respectively. The amount was below the average between 2005 & 2007. The following table shows US International Direct Investment Flows:FDI in the United States : World's largest receiver of FDI is United States. The total figure of FDI in this nation has been $194 billion in 2010. More than one fourth of FDI in U.S came in 2010 from eight countries named as France, Japan, Luxembourg, United Kingdom, Canada, Switzerland, Germany, and Netherlands. In United States, the stock of FDI in 2008 has beenthe equivalent of near 16 percent of U.S. gross domestic product (GDP). In the same way, we can feel the benefits of FDI in America also. After 2005, more than 4000 new projects and 630,000 new jobs have been incorporated by overseas companies. This has resulted investment of about $314 billion. Overseas companies generally have a tradition of paying higher wages than local enterprises. Overseas companies give an average annual compensation of $68,000 per employee. Exports have increased through the use of multinational distribution networks in United states. Foreign direct investment has resulted 12% of all manufacturing jobs in the US. Affiliating bodies of foreign enterprises spent over $34 billion on research and development in 2006. They also support many national projects. Inward FDI has resulted in this nation higher productivity through increased capital. This has brought high living standards.FDI in China : FDI in China has raised notably in the last decade. It has reached$ 185 bill ion in 2010. After U.S, China is the next largest recipient of FDI world wide. FDI had slowed down and became one-third in 2009 because of Global Financial Crisis butd in 2010, it again got its form.FDI in India : At the beginning, the FDI has been less than $1 billion in India in year 1990. In the contrary, at present India is the most important destination for FDI after China. Telecommunication, electronics, construction activities, automobile, and computer software/ hardware are the sectors which attract most inflows. The significant sources of FDI are Mauritius, Singapore, the US and the UK. FDI in 2010 was significantly decreased from both 2008 and 2009. Foreign direct investment in 2010 reduced to approx $34 billion havingdecrease rate about 60%. Again in 2011, FDI inflow became high of $7.78 billion up from $4.4 billion having increase of 77% than previous year.WalMart, world's largest retailer has caused India to decide to allow 51% FDI in multi-brand retail as an important step. But this decision is under suspension at present due to opposition from several political levels.FDI in Europe : Foreign direct investment in Europe have been subjected an increase in foreign direct investment inflows between 2003 and 2008. In this duration, FDI increased from $30 billion to $155 billion. Russia attracted most of thiese additional investment as its inflows rose from less than $8 billion in 2003 to $70 billion in 2008. The recession collapsed FDI inflows to the Europe region. In the Europe, FDI inflows have been 50% lower in 2009 in comparison to 2008. The real estate sector, which has pulled a quarter of all FDI inflows in Europe since 2008, accounted for much of the aggregate investment fall in the region during recession. The number of European FDI projects in 2010 topped, with a 14% increase, reaching 3,757 FDI project announcements. UK and France remain leaders in Europe in FDI context. But they are losing market share in comparison to countries such as Germany, Poland, Hungary etc. FDI in Europe have been centered on services, software industry and automotive sector. These sectors have been the top most sectors having maximum numbers of FDI projects and job creation. 33% of foreign investors plan to establish their business operations in Europe in 2011 and 2012.FDI and the developing world : FDI renders import of foreign investment. Additionally it offers transfer of skills, technology, adoption of better strategy and job opportunities. All the hostcountries are benefited from foreign investment. There are significant effects of foreign direct investment on local firms in development. Foreign investment increases local productivity growth rigorously. FDI is one of the major contributors of economic development fordeveloping countries.FDI Investment : Promotional effort to bring more and more FDI is the trend of every nation. Pulling foreign direct investment has become vital for surviving in race among developed and developing countries. This race is carried on too when these countries adopt economic integration in different levels. Many countries liberalise their standards to pull FDI in a competitive manner. Home countries appreciate FDI for raising standards and welfare in their nations.So many factors are there which reinforce foreign direct investment which is access to natural resources, markets, and low-cost labor, technology transfer, good market etc. Advancement of technology permits for the variety of production into more discrete stages and break national barriers due to emergence of globalisation. The significant credits go to the expansion in information technology, advancement in communication technologies and development in logistics. These allow production to be close to markets as well as utilising advantage of the particular features of several production locations. Different nations have laid down their respective policies for inviting more foreign investment. Many nations offer financial benefits like cash grants, tax concessions, and specific subsidies. Many countries at the same time emphasise on modifying the skill parameter, infrastructure and form a platform to meet the demands and expectations of overseas investors. Also some nations target to improve the business climate ofthose lands by altering the administrative hindrances. Some governments organise state agencies in order to assist investors. Simultaneously a lot of countries have come into international governing arrangements to raise the attraction of investors for more investment.ConclusionThere should exist a sound investment climate in a country because this willbring further economic growth. Reforms that will improve labor market flexibility, strengthen property rights, simplify business regulations, and increase firms' access to finance are vital. These can increase living standards of that country and reduce poverty in that country. Economic reform is required for creating an investment-oriented climate. Reform would be fruitful because investment climate depends on that. Thus long term benefits can be brought. In this context, cost is main criterian. In this aspect, political environment is a vital determiner. Through out the world, every nation is striving to mould the climate which is suitable for more investment. So the ultimate concept is that "Proper Investment Climate is the need of the Hour".二、文献综述外商直接投资与经济增长关系综述摘要近年来，外商直接投资和经济增长之间的关系已成为学者关注的研究焦点，国内外众多学者对两者之间的关系分别从理论和实证方面进行了论证和分析。
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文献出处：Ramasamy B, Laforet S. The location choice of foreign direct investment location choice [J]. Journal of World Business, 2014, 47(1): 17-25.（声明：本译文归百度文库所有，完整译文请到百度文库。
）原文The location choice of foreign direct investment location choiceRamasamy；Laforet .AbstractWith the acceleration of international capital flows, foreign direct investment location researches are increasingly brought to the attention of the people. Foreign direct investment location research includes general theory of foreign direct investment, foreign direct investment in the macro level and micro level in foreign direct investment in content. Foreign direct investment theory since the hammer of monopoly advantage theory has developed rapidly, has produced many influential theory and genre, but mature and universal foreign direct investment theory system has not yet formed. Scholars of foreign direct investment (FDI) in macro and micro level research mainly concentrated in the country and an area of instead of foreign direct investment to explore aspects of specific determinants and its effect, and effect of foreign direct investment (FDI) location decision space depend on the elaboration, analysis of dynamic evolution, regional scale decomposition, similarities and differences between the international comparison and industry research is still weak. Article argues that these weaknesses as well as more perfect theoretical framework of foreign direct investment will become the future foreign direct investment location research important frontier.Key words: foreign direct investment; location decision; micro FDI location decision1 IntroductionForeign direct investment (FDI) location decision problem as an important topic of international academic research, because of its interdisciplinary research contents and methods, has become the research frontier of economics, geography, management, and even politics. Scholars in recent decades, different fields of FDI location decision problems are a lot of theoretical and empirical research. From the existing results of FDI location decision research content mainly includes three aspects: one is the general theory of FDI, the theory of international direct investment behavior, it is the basis of the research on FDI location decision, has formed many schools; Second, the macro FDI location research, the essence of which is the study of location selection of FDI country;3 it is micro FDI location research, to explore a instead of FDI regional differences and its determinants. But both general FDI theory and study the macro and micro level, is far behind the academic consensus. In addition, how to create a more favorable geographical conditions to attract more FDI, is currently in many countries, especially developing countries) and a instead and regional issues of common concern, and the existing FDI location research is cannot provide fully effective theoretical support, needs to be updated more mature in the practice of FDI location research results to guide the decision. System, therefore, review and summarize the existing research results of FDI location decision, to find out the defects of the present study, a clear direction to the forefront of research in the future to improve FDI location theory and effective decision making is of great significance to guide practice.2 A progress, foreign direct investment theory and its schoolsAfter the Second World War, the FDI flow increases gradually, and become one of the dominant driving force of economic globalization of the world. In this new situation, the problem of FDI has become the international field of academic research hot spot. Before the 1960 s, western scholars on the interpretation of the international capital flow, more is to emphasize the new classical economics theory of the traditional principle of comparative advantage, think that the root reason forinternational capital flow is the interest rate difference from country to country. As the international direct investment scale expands unceasingly, scholars increasingly in-depth study of Fri.’s a result of the research Angle, object, method and so on are different, they put forward the point of view is different also, and formed many schools. This article will discuss only affect more extensive, reflect the track of development of the theory of FDI main schools, these schools according to the overall and its follow the theory of perspective can be divided into two categories: the first category is based on the theory of international trade theory of Frisch schools of thought for studying the general reference to the classical international trade theory, especially the theory of comparative advantage, to provide theoretical basis for study of its FDI.More influential include: (1) the Vernon (1966) international product life cycle theory. The theory is that the product is in different stages of innovation, mature and standardized, multinational companies to adopt internationalization strategy is different also, mature and standardized stage progressive loss due to the monopoly advantage and is suitable for foreign direct investment. The theory explains the greatly after the second world war the United States investment motives of the enterprises in Western Europe, but cannot explain to the direct investment of developed countries in developing countries.(2) Kojima (1978) theory of comparative advantage. The theory is that FDI is a combination of capital, technology and management way, its contribution is to break the previous FDI theory research object has always been the limitations of U.S. companies, for the first time distinguishes between the inverse shun trade guide FDI trade guide and Japan. But its FDI are divided into two types, that is, American and Japanese and deny monopolistic factors on the effect of FDI, both in theory and practice is hard to stand up.(3) originated from Weber's industrial location theory, (1977) proposed by Dunning, etc and the development of theory of location advantage. The theory is that larger location advantage of host country is necessary for multinational companies to FDI and deciding FDI decision tendency and industry structure and type. And that location advantage is dynamic, the economic development of a country (region) level and the change of the structure will change its geographical conditions, thus affect FDIlocation decision.(4) the Dunning (1981) theory of stage of development. Determinants of a country's FDI flow to the country's economic development and structure exist correlation system. This theory has a high practical value and a country at a certain stage, necessarily linked with the corresponding characteristics of FDI policy (new cui, 2002), a deficiency is unable to explain some developed countries due to the direct investment is very big between the actual net outward investment has very small phenomenon. The second type is based on the theory of industrial organization theory of FDI. That is, from the perspective of industrial organization to capital through multinational management to achieve maximum value target for the idea, to build the theory framework.Be influential genres include: (1) the monopoly advantage theory of Hymer.Hymer (1976) for the first time demonstrated that FDI is different from the securities investment, and argue that multinational company foreign direct investment, because they have the monopoly of the specific advantages, such as economies of scale, knowledge advantage, distribution network, production diversification and innovation ability, raw material control, condensation and reputation advantages, etc.But the theory is basically according to the enterprise's FDI behavior research, and lack of universality.(2) Kindle Berger (1969) theory of oligopolistic reaction. In the further study of the second world war the United States after the characteristics of foreign direct investment, according to Kindle Berger oligarchs enterprise take any activity, other companies will make corresponding responses, foreign investment in the us will also be divided into two types of offensive and defensive, the former refers to the monopoly of multinational companies overseas expansion, the latter refers to other companies to protect and follow up investment in overseas markets, and I thought this is a major cause of FDI.(3) such as Buckley (1976) and Rugman market internalization theory (1987).Dunning think multinational company via FDI to the internalization of external market trading as much as possible in order to overcome the external market failure, as long as the marginal profit is greater than the marginal cost, the company has the internalization of motivation.3 The research progress of foreign direct investment macro location decisionTheoretical and empirical research on FDI location selection is an important topic of the international academic attention in recent years. Initially, clear geographical analysis method of introducing FDI behavior research is a British scholar Dunning (1973), then Vernon (1974) and so on the related writings also discusses the FDI location problem, after location analysis gradually become one of the hot spot in the FDI theory. The following from the theory of FDI location and the influence factors of FDI location decision research from two aspects to understand its progress. (1) research on the theory of foreign direct investment location in front of the introduction of FDI theory, many scholars have noticed the importance of location factors, such as Dunning, Vernon had more deeply discussed problem of FDI location. Dunning in its international production compromise theory emphasizes the three advantages include the geographical advantages, and the FDI location factors as market, trade barriers, and location cost and investment environment four categories (Dunning, 1973197 (7).Later Dunning the FDI location factors and made a further elaboration of complement and development (Dunning, 1988, 2006).(2) research on the influence factors of FDI location decision to study the effect of FDI location decision factors generally there are two ways, one is through a company on-the-spot investigation to understand the influence factors of FDI location decision; The second is the econometric analysis to explore the determinants of FDI location. From the point of different literature, these two methods there are many influence factors of examine.4 The research progress of foreign direct investment in the micro location decisionFDI research focus on the micro level a instead of FDI regional differences and its determinants. Due to micro locational research significance for a instead of the regional planning policy response is bigger, so it attracts many scholars research interests. Micro FDI location decision research mainly has three aspects, one is the enterprise level, the second is the regional level, and the third is the source level.5 The prospect of research, foreign direct investment location decisionsInsufficiency and flaw based on existing research, this paper argues that FDI location decision in the future research should pay more attention to the following aspects: one is in view of previous research will be supposed to processing of "isolated island" and reality, FDI location decision research should take into consideration in the future spatial dependence and associated effect, developed a new spatial statistics and spatial econometric method provides a better means to deal with this kind of influence;2 it is against the traditional FDI location determinants inspection lack of dynamic analysis and ignore the stage characteristics of regional distribution of FDI is insufficient, the FDI location analysis of FDI location theory and evolutionary economics should be combined, and a complete historical data for empirical research as the foundation to illustrate the evolvement of FDI location space and its driving mechanism; Three is smaller city, county, due to the differences of space is relatively small and is accord with FDI scale micro level, based on the policy implications of institute of FDI location decision reference for may be closer to the reality will be subject to the attention of scholars; Four is to strengthen the comparative analysis between the powers or large area, such as a comparison between India and Europe and the United States and other countries to study, understand the change of FDI spatial distribution and its decision mechanism of the similarities and differences, in order to provide reference for better introduction and use of FDI in India; Five is as thin as possible industry decomposition of FDI location factors to make the policy more feasible thesis is also a need to be further study direction. In addition, the FDI location analysis how to effective introduction of new economic geography theory and methods, as well as closely related to FDI location decided to study more perfect, more mature general theoretical framework of FDI is also the important exploration in the future.译文外商直接投资区位选择罗萨米;拉夫雷特摘要伴随国际资本跨国流动加速,外商直接投资区位研究正日益受到人们的重视。