碩士 / 臺灣大學 / 國家發展研究所 / 98 / The purposes of the study is combining the aspects of regional development strategies and investment location chooing, then discuss what factors affect the investment behaviors of Taiwanese corporations` investment in the Huan Bo Hai Area (HBHA). The study period is between 1996 and 2007 and there are three objectives:
Firstly，using the SWOT analysis to compare the macroeconomic indicators between the competive areas and the HBHA, then array the outcomes into four dimensions, internal strengths and weakness, external opportunities and threats. In this part, we refer a veriety of related documents and the quality analysis approach is used.
Secondly，we establish the quantity empirical model to study what or how locaional factors affect Taiwanese corporations` investment behaviors. In this model, we used annual approved investment amount in the HBHA, which is refered from the Investment Commission, MOEA, as the dependent variable, and this variable represents Taiwanese corporations` investment behaviors. The independent variables are refered from the regional macroeconomic indictors of the HBHA. These represent the factors of regional conditions. Then, we used the Panel Data to build the fixed-effect model.
Finally，we conbine the SWOT reaction strategies and the model regression outcomes to evaluate the correlative level between Taiwanese corporations` investment behaviors and regional development trends.
Summaring the empirical analyzing outcomes suggest that:
First of all，under the advantages of human resource and production foundation, the development strategies in the future will focus on low-consuming energy and high efficiency industries. Good quality of infrastructure and steadily growing domestic consumer market make this area have different growth pattern compared wih other areas that have outward-oreinted growth pattern. The government`s preferential policies incline to apply to high technology industry and financial servicing industry. On the other hand, traditional industry may receive less preferential benefits.
Secondly, according to the empirical analyzing outcomes, the industry conglomeration and the office efficiency of local governments are the most important factors. In other words, Taiwanese corporations are more likely to invest in where Taiwanese already invested and local government that has high official office efficiency. The coefficients of GDP and density of rail, which represent domestic market and intrastructure individually, are positive, but they don`t pass the statistical test of level of significance. Furthermore, the hyopthsis that Taiwanese investment intends to export orientation does not be confirmed. Hence, the hypothesis that Taiwanese investment targets at domestic market still need farther observation. Finally, the high-educated human resource, which represents labor force quality and labor cost, has positive coefficient but does not pass the statistical test of level of significance. Hence, whether taiwanses businessmen pursue low labor cost or technological human force still need further study.
Finally, we summarize the findings by using the above outcomes. In terms of the market scale, the GDP amount of HBHA has been growing steadily in reset years and has the less competitive export-oriented developmet. In the same period, Taiwanese investment is adjusting apparently to local market and less depending on export. This is a reasonable allocation. In terms of the production cost, because the labour cost and operation cost have been rising, the production cost may be an important consideration. For example, the local labour cost has shown a negative correlation with Taiwan investment. In terms of the social servcing mechanism, the average ratio of the third industry of the HBHA still leads, and its correlation with Taiwanese investment has turned out to be positive since 2002. In terms of conglomeration economy and information cost, the number of manufacturing enterprises in the HBHA grows rapidly, but the accumulated amount of FDI grows slowly, and the quality of labour force still be behind compared with the two competitive areas. In the same period, Taiwanese corporations` investment gradually turns to join where the foreign FDI has established, but still needs high-quality labour force. In terms of government governance, the financial expenditure in the HBHA has been growing since 2003 and its correlation with Taiwanese investment is positive. The correlation between the government performance and Tawianese investment becomes nagetive. The correlation between the government curruption and Tawianese investment became positive after 2002. Proven that fast growth of government expenditure, Taiwanese businessmen should take care of the local development policies in order to gain the benefits from the local governments. At the same time, the corruption may be a potential factor in the future. In terms of the market mechanism, the correlations of the level of open and the interruption of government with Taiwanese investment became negative respectively after 2002. Focusing gradually on the local market, in fact, Taiwanese corporations ease the demand on export market. But the ability of government interruption has become a negative factor to Taiwanese investment.
Then, based on these analyses above, we suggest some advices for Taiwanese orporations who are going to invest in this area.
| Identifer | oai:union.ndltd.org:TW/098NTU05011012 |
| Creators | Wei-Ming Huang, 黃偉明 |
| Contributors | 周繼祥 |
| Source Sets | National Digital Library of Theses and Dissertations in Taiwan |
| Language | zh-TW |
| Detected Language | English |
| Type | 學位論文 ; thesis |
| Format | 138 |
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