Oct. 25, 2015
外国資本と体制転換 —市場経済化20年史のメタ分析—
Foreign Direct Investment and Economic Transformation —A Meta-Study—
要旨Abstract
本稿は，中東欧・旧ソ連諸国における経済移行の外国直接投資(FDI)誘引効果及びFDIのマクロ経済効果という2つの研究領域について，先行研究が披露する実証結果を，メタ分析の手法を以って統合・鳥瞰すると共に，研究間の相違性を決定付ける要因や公表バイアスの可能性を，メタ回帰分析によって検証した．これら2つの研究領域は，既存研究全体として，統計的に有意な非ゼロの効果を等しく報告しているが，公表バイアスの問題を越えても正真正銘の効果が見出されるのは，経済移行のFDI誘引効果研究に限られることが確認された．一方のFDIマクロ経済効果研究については，真の効果を突き止めるために，更なる実証成果の蓄積が求められる．
In this paper, we conduct a meta-analysis of studies that empirically examine the relationship between foreign direct investment (FDI) and economic transformation in Central and Eastern Europe and the former Soviet Union over the past two decades. More specifically, we synthesize the empirical evidence reported in the previous studies that deal with the determinants of FDI and its effects on macroeconomic growth in transition economies. We also perform meta-regression analysis to specify the determinant factors of the heterogeneity among the relevant studies and the presence of publication selection bias in these research fields. We find that, although the existing literature report a statistically significant non-zero effect as a whole, a genuine effect is confirmed only in the study area of the determinants of FDI beyond the publication selection. In the literature regarding with the FDI macroeconomic effects, our meta-analysis suggests a need for further empirical evidence in order to identify the true effect.
書誌情報Bibliographic information
Vol. 64, No. 4, 2013 , pp. 353-378
HERMES-IR（一橋大学機関リポジトリ）: https://doi.org/10.15057/26669
JEL Classification Codes: D24, E22, F21, F23, P33
