Title :
Notice of Retraction
Effect of the RMB exchange rate change on FDI inflow divided by industry
Author :
Wang, Yajie ; Wang, Ning ; Chen, Zheng
Author_Institution :
Department of Applied Economics Harbin Institute of Technology Harbin, China
Abstract :
Notice of Retraction
After careful and considered review of the content of this paper by a duly constituted expert committee, this paper has been found to be in violation of IEEE´s Publication Principles.
We hereby retract the content of this paper. Reasonable effort should be made to remove all past references to this paper.
The presenting author of this paper has the option to appeal this decision by contacting TPII@ieee.org.
The effect of the exchange rate change on foreign direct investment (FDI) is a matter of concern, however, the views of scholars in various countries are different. In this paper, we divide FDI by industry, using the monthly data from 2006.1 to 2009.12 to analyze the impact of the real exchange rate change on FDI. The result shows that: there is a significant positive correlation between the RMB exchange rate and service industry FDI, and a negative correlation between the RMB exchange rate and manufacturing industry FDI. But due to the larger degree of influence on the former, thus the exchange rate movements and the total FDI in China are positively correlated.
Keywords :
Exchange rates; Finance; Investments; Manufacturing industries; FDI; Manufacturing industry; Real Exchange Rate; Service industry;
Conference_Titel :
E -Business and E -Government (ICEE), 2011 International Conference on
Conference_Location :
Shanghai, China
Print_ISBN :
978-1-4244-8691-5
DOI :
10.1109/ICEBEG.2011.5882345
