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標題: 台商對外投資製造業的決定因素分析-勞動成本及市場區位選擇的比較
Determinants of Taiwan Firms' Outward FDI in Manufacturing Industries - the Comparison between Labor Cost and Market Location Choice
作者: 蔡沐學
Tsai, Mu-Shiue
關鍵字: Outward FDI
Labor cost
Location decision
出版社: 應用經濟學系所
引用: 一、中文文獻 1. 台灣區製鞋同業公會(2007),「中國與印尼地區最低工資調整概況」,台北:台灣區製鞋同業公會 2. 吳重禮、尤淑儀 (2002),「大陸市場對於外人來台直接投資的影響評估」,中國大陸研究 45:1 3. 黃怡仁(2009),「金融機構洗錢防制研究」,碩士論文,國立中央大學財務金融研究所 4. 康信鴻、廖婉孜 (2006),「影響台商赴大陸投資與投資區為因素之實證研究」,Chiao Da Management Review Vol. 26 No. 1: 15-38 5. 黃仁德、徐育珠 (1997),「最低工資:理論與實際」,台北華泰 6. 莊奕琦、許碧峰 (2001),「國際貿易、外人直接投資與產業生產力:中國大陸實證研究」,經濟論文 29(2): 221-249 7. 劉祥熹 (1998),「直接外人投資、貿易及其與市場結構、績效之關聯性—台灣地區製造業之個案分析」,經濟研究 35(2): 18 二、英文文獻 1. APEC (2009), “Cross-border Investment Linkages Among APEC Economies: the Case of Foreign Direct Investment,” Policy Support Investment 2. Askenazy P. (2003), “Minimum Wage, Exports and Growth,” European Economic Review47: 147-164 3. Aw B. Y. and Y. Lee (2008), “Firm Heterogeneity and Location Choice of Taiwanese Multinationals,” Journal of International Economics 75: 167-179 4. Bergeijk, P. A. G. and S. Brakman (2007) “The Gravity Model in International Trade,” Cambridge University Press 5. Braconier, H., P. J. Norback, Urban, D. (2005), “Multinational Enterprises and Wage Costs: Vertical FDI Revisited,” Journal of International Economics 67: 446-470 6. Brainard, L. S., (1997), “An Empirical Assessment of the Proximity-concentration Trade-off Between Multinational Sales and Trade,” American Economic Review 87: 520-544 7. Brenton, P., F. Di Mauro, and M. Luecke (1999), “Economic Integration and FDI: An Empirical Analysis of Foreign Investment in the EU and in Central and Eastern Europe,” Empirica 26: 92–121 8. Brooks, D. H., D. Roland-Holst, and F. Zhai (2007), “Behavioral and Empirical Perspectives on FDI: International Capital allocation across Asia,” Journal of Asian Economics 19: 40-52 9. Burkhauser, Richard V., Kenneth A. Couch, and David C. Wittenburg (2000), “A Reassessment of the New Economics of the Minimum Wage Literature with Monthly Data from the Current Population Survey,” Journal of Labor Economics 18(4): 653-680 10. Chuang, Y. C. (2006), “The Effect of Minimum Wage on Youth Employment And Unemployment in Taiwan,” Hitotsubashi Journal of Economics 47:155-167 11. Cushman, D. O. (1987), “The effects of real wages and labor productivity on foreign direct investment,” Southern Economic Journal 54(1): 174-185 12. Ellingsen, G., W. Likumahuwa, and P. Nunnenkamp (2006), “Outward FDI Singapore: a different animal?” Transnational Corporations 15(2) 13. Feenstra, R. C. and G. H. Hanson (1997), “Foreign direct investment and relative wages: Evidence from Mexico’s maquiladoras, ” Journal of International Economics 42: 371-393 14. Ismail, R. and I. Yussof (2003), “Labour market competitiveness and foreign direct investment: The case of Malaysia, Thailand and the Philippines,” Papers in Regional Science 82: 389-402 15. Krugman, P. (1996), “Pop Internationalism,” Massachusetts Institute of Technology 16. Marriotti, S., M. Mutinelli, and L. Piscitello (2003), “Home country employment and foreign direct investment: evidence from the Italian case,” Cambridge Journal of Economics 27(3): 419-431 17. Nguyen Phi Lan (2006), mimeo, Centre for Regulation and Market Analysis, University of South Australia 18. Noorbakhsh, F., A. Paloni, and A. Youssef (2001), “Human Capital and FDI Inflows to Developing Countries: New Empirical Evidence,” World Development 29(9): 1593-1610 19. Nunnenkamp, P. (2002), “Determinants of FDI in developing countries: Has globalization changed the rules of the game?” Kiel Working Paper No. 1122 20. Pfeffer, J. (1998), “Six Dangerous Myths About Pay” Harvard Business Review May-June
摘要: 本研究完整檢視了1998年至2008年台商對外直接投資的決策在世界各國子公司所受到市場、勞動成本及人力資本三個層面的影響。利用引力模型為基礎逐步得出的實證結果顯示,台商對外投資普遍受到市場層面因素的影響,而在勞動成本及人力資本的層面的影響,則必須取決於不同產業別和市場別的相對低技術勞工及相對高技術勞工的需求差異。 因而,利用敏感度分析分別比較台商對外投資於技術密集產業、勞力密集產業、民生工業與非金屬製造業之不同產業的差異,以及中國大陸、已開發國家與開發中國家之不同市場別的差異,透過Kaitz Index所包含的最低工資、平均工資、產業雇用率及勞參率等訊息,加上其他人力因素的考量,本研究得出與一開始預期相符之實證結果,包括廠商投資於已開發國家特別著重於技術層面的需求,以及開發中國家特別著重人力成本面的考量,對中國大陸的投資決策則是同時受到其潛在市場面和人力成本面的影響,使得台商對於中國大陸的投資,明顯超過已開發國家與開發中國家。
This paper completely examines the market factors, labor cost factors, and human capital factors which influence the location decisions of Taiwanese outward investment from 1998 to 2008. The empirical result which is based on the gravity model shows that the outward FDI of Taiwanese multinationals generally affected by the market factors, but for the impact of labor cost and human capital, it must depend on different industries and markets location factors which referred to different need of relative low-skilled workers and relative high-skilled workers. Our empirical results which are using sensitivity analysis to find out the variance between industry and market are consistent with the predictions of our beginning analysis. By the implications of Kaitz index and information from other labor factors, we show that manufacturers will particularly emphasize on the technical requirement when they invest in developed countries, however, manufactures will invest in developing countries with strong considerations of their lower labor cost. Because of Mainland China has both inducements of potential market and lower-cost labors, the empirical result also shows that FDI in Mainland Chian is notable higher than developed and developing countries.
其他識別: U0005-2806201114542400
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