Research on the Selection of Vertical and Horizontal Type of the Foreign Direct Investment of Multinational Enterprise and Its Influencing Factors
Journal of Investment and Management
Volume 5, Issue 5, October 2016, Pages: 39-44
Received: Aug. 1, 2016; Accepted: Aug. 9, 2016; Published: Sep. 10, 2016
Views 2588      Downloads 83
Authors
Zeng Xiaolong, Economics School, Tianjin University of Finance and Economics, Tianjin, China
Wang Shuhui, Economics School, Tianjin University of Finance and Economics, Tianjin, China
Article Tools
Follow on us
Abstract
Since the 1970s, international trade and investment patterns have occurred great changes, also the production organization of international enterprises had undergone profound changes. Intra-industry trade gradually replace the inter-industry trade, has become the main form of international trade. After 1980s, the multinational enterprises got unprecedented development. All the data are from the U.S. Bureau of Economic Analysis and the World Bank.
Keywords
Foreign Direct Investment, Horizontal FDI, Vertical FDI, Panel Data, Influencing Factors
To cite this article
Zeng Xiaolong, Wang Shuhui, Research on the Selection of Vertical and Horizontal Type of the Foreign Direct Investment of Multinational Enterprise and Its Influencing Factors, Journal of Investment and Management. Vol. 5, No. 5, 2016, pp. 39-44. doi: 10.11648/j.jim.20160505.11
Copyright
Copyright © 2016 Authors retain the copyright of this article.
This article is an open access article distributed under the Creative Commons Attribution License (http://creativecommons.org/licenses/by/4.0/) which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
References
[1]
Zhang Weifu, Zhai Dongping. Theoretical research on the transformation between international vertical integration and outsourcing: Based on the perspective of negotiation cost under incomplete contract [J]. Nankai Economic Studies, 2010, (6): 86-97.
[2]
Xue Mantian, Zhao Shudong. Foreign Direct Investment: Vertical or horizontal [J]. Economic Research Journal, 2007, (12): 93-105.
[3]
Zhang Jianhong. Research on the characteristics of the investment country and the intensity of its investment in China [J]. The World Economy, 2004, 1.
[4]
Kong Xin, Li Jianxin. Enterprise heterogeneity: Export trade, foreign direct investment and enterprise outsourcing [N]. Journal of Guizhou College of Finance and Economics. 2011 (6).
[5]
Li Donghong, Zhou Guoxiang. A discussion on the vertical specialization development of multinational enterprise [J]. Inquiry into Economic Issues, 2003, (1): 82-86.
[6]
Jiang Hui. Study on the decision making of foreign direct investment of Multinational Corporation [D]. Wuhan University of Technology, 2004.
[7]
Liu Xiaochang, Liu Zhibiao. Study on the vertical specialization development trend of multinational corporation and the competition strategy of enterprise in China [J]. Jianghai Academic Journal, 2001, (4): 32-37.
[8]
Liu Jian. U.S. Multinational Corporation's foreign direct investment strategy and its impact on the U.S. trade [D]. University of International Business and Economics, 2002.
[9]
Chen Zhi. Research on the foreign direct investment of Multinational Corporation [D]. Wuhan University of Technology, 2002.
[10]
Lan Lijuan. Evolution of foreign direct investment in the United States and its implications for China [D]. Dongbei University of Finance and Economics, 2007.
[11]
Mao Jinsong. Internal trade of Multinational Corporation and FDI -- Taking the Multinational Corporation in China as the object of study [D]. Nankai University, 2014.
[12]
Xu Shuwei. Analysis of the motivation of China's foreign direct investment based on the knowledge capital model [D]. Shandong University of Finance and Economics, 2013.
[13]
Kazuhiko Yokota, Qin Lijing. The horizontal and vertical Multinational Corporation [J]. Journal of Translation from Foreign Literatures of Economics, 2007 (2): 23-41.
[14]
Wan Lian. The study of the influence of the changes in RMB real exchange on China's vertical and horizontal FDI [D]. Zhejiang Gongshang University, 2010.
[15]
Markusen. The Boundaries of Multinational Enterprises and the Theory of International Trade [J]. Journal of Economic Perspectives, 1995, 9: 169-189.
[16]
Brooks, D. H.; Hasan, R.; Lee, J.-W.; Son, H. H.; Zhuang, J. Closing development gaps: Challenges and policy options [R]. ADB Economics Working Paper Series 209, Manila: Asian Development Bank, 2010.
[17]
Assuncao, S., Forte, R., & Teixeira, A. A. Location determinants of FDI (No. 433) [R]. Universidade do Porto, Faculdade de Economia do Porto, 2011.
[18]
Mohamed S E, Sidiropoulos M G. Another look at the determinants of foreign direct investment in MENA countries: An empirical investigation [J]. Journal of Economic Development, 2010, 35 (2): 75-95.
[19]
Faeth I. Consequences of FDI in Australia-Causal Links Between FDI, Domestic Investment, Economic Growth and Trade [J]. Department of Economics Research Paper, 2006, 977.
[20]
Helpman E. A Simple Theory of Trade with Multinational Corporations [J]. Journal of Political Economy, 1984, 92 (3): 451-571.
[21]
Markusen J. R. Multinationals, multi-plant economies, and the gains from trade [J]. Journal of International Economics, 1984, 16 (3): 205-226.
[22]
Wang M. Manufacturing FDI and economic growth: evidence from Asian economy [J]. Applied Economics, 2009, 41 (8): 991-1002.
[23]
Yeaple S R. The complex integration strategies of multinationals and cross country dependencies in the structure of foreign direct investment [J]. Journal of International Economics, 2003, 60 (2): 293-314.
[24]
Buckley, P. J., Clegg, L. J., Cross, A. R., Xin, L. et al., The determinants of Chinese outward foreign direct investment [J]. Journal of International Business Studies, 2007, 38 (4): 499-518.
[25]
Kazuhiko Yokota, Export-led Growth of Developing Countries and Optimal Trade Policy, Area Studies, 41, 2007, pp. 133-144.
ADDRESS
Science Publishing Group
1 Rockefeller Plaza,
10th and 11th Floors,
New York, NY 10020
U.S.A.
Tel: (001)347-983-5186