CAJ | 학술논문

从外商直接投资方式这一视角，运用VAR模型，研究中外合资、外商独资与经济增长的关系。结果显示：中外合资、外商独资与经济增长间存在长期均衡关系；滞后4期的情况下，中外合资与外商独资均是经济增长的Granger原因，但是经济增长不是中外合资与外商独资的Granger原因；外商独资是中外合资的Granger原因，但中外合资不是外商独资的Granger原因；中外合资对经济增长存在长期负面影响，外商独资才是促进经济增长的重要外资来源。
종외상직접투자방식저일시각，운용VAR모형，연구중외합자、외상독자여경제증장적관계。결과현시：중외합자、외상독자여경제증장간존재장기균형관계；체후4기적정황하，중외합자여외상독자균시경제증장적Granger원인，단시경제증장불시중외합자여외상독자적Granger원인；외상독자시중외합자적Granger원인，단중외합자불시외상독자적Granger원인；중외합자대경제증장존재장기부면영향，외상독자재시촉진경제증장적중요외자래원。
From the perspective of foreign direct investment, the paper studies the relationship between Sino-foreign joint investment, foreign investment and economic growth with VAR model. The results are as follows： there exists a long-term relationship of equilibrium between Sino-foreign joint investment, foreign investment and economic growth at the confidence level of 95% ; with four periods of lag, Sino-foreign joint investment and foreign investment are the Granger causality of economic growth while economic growth isn＇t the Granger causality of Sino-foreign joint investment and foreign investment; and foreign investment is the Granger causality of Sino-foreign joint investment while Sino-foreign joint investment isn＇t the Granger causality of foreign investment. Impulse function shows that Sino-foreign joint investment has long-term negative effects on economic growth while foreign investment can effectively promote economic growth.