题名

躍過反傾銷稅直接投資與匯率波動－實質選擇權分析法

并列篇名

ANTIDUMPING-JUMPING FOREIGN DIRECT INVESTMENT AND EXCHANGE RATE VOLATILITY: A REAL OPTIONS APPROACH

作者

林家慶(Chia-Ching Lin)；陳坤銘(Kun-Ming Chen)

关键词

反傾銷政策 ； 外人直接投資 ； 匯率 ； 實質選擇權 ； Antidumping policy ； Foreign direct investment ； Exchange rate ； Real options

期刊名称

經濟論文

卷期/出版年月

45卷4期（2017 / 12 / 01）

页次

599 - 628

内容语文

繁體中文
中文摘要

本文應用實質選擇權分析法，同時探討匯率波動性，反傾銷政策以及外人直接投資間之關係。本文研究結果顯示，在匯率波動情況下，反傾銷政策有可能促使廠商進行躍過反傾銷稅直接投資，尤其是採取價格具結政策時更是如此。但若至第三國投資的固定成本較至提控國投資低很多，則躍過反傾銷稅直接投資將發生在第三國。此外，匯率不確定性的提高會產生更多躍過反傾銷税直接投資。由此可知，匯率波動性，反傾銷政策以及外人直接投資間存在密切的連動關係。
英文摘要

This paper applies a real options approach to theoretically investigate the relationship among exchange rate volatility, antidumping policy and foreign direct investment. Our results indicate that under exchange rate uncertainty, antidumping policy might stimulate dumping firms to undertake foreign direct investment, especially if the filing country adopts price undertaking measures. However, if the fixed costs of foreign direct investment are much lower in a third country than those of the filing country, the dumping firms tend to undertake foreign direct investment in the third country instead. In addition, the higher the exchange rate uncertainty is, the more likely the foreign direct investment is to occur. These results reveal the close interactive relationship among exchange rate volatility, antidumping policy and foreign direct investment.
主题分类 社會科學 > 經濟學
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被引用次数
  1. 李浩仲,李文傑,王信實(2021)。貿易報復下的資源錯置分析－以中國太陽能產業為例。經濟論文，49(2)，245-283。
  2. 林家慶(2019)。台灣廠商躍過反傾銷稅直接投資之實證分析。經濟論文，47(4)，651-679。
  3. 林家慶(2022)。反傾銷政策、出口與對外直接投資－台灣之實證分析。經濟論文，50(3)，325-356。
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