文章基本信息

标题：The Causes and Effects of China’s Double Surplus of Balance of Payments—Based on the Study of FDI Inflow in 1993-2012
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作者：Botao Zhang
期刊名称：Open Journal of Social Sciences
印刷版ISSN：2327-5952
电子版ISSN：2327-5960
出版年度：2017
卷号：05
期号：05
页码：1-15
DOI：10.4236/jss.2017.55001
语种：English
出版社：Scientific Research Publishing
摘要：Double surplus in balance of payments is a surplus of both current account and capital and financial account during the same period. In recent years, substantial scholars have made a thorough study about this topic, but there still exists a big gap between theory and real economy. The existing literatures pay little attention to the current China’s surplus structure, especially from the perspective of FDI inflows. This paper examines the general situation of China’s double surplus in international balance of payments and analyzes its causes. Empirical research on the representative factors that influence the China’s balance of payments suggests foreign direct investment de facto contributes a large portion to the overall surplus in the balance of payments. It accordingly makes further research on the role of FDI presenting how FDI affects double surplus of China’s balance of payments and its influences on China’s economy. This paper is organized as follows: Chapter 1 is an introduction; Chapter 2 is general introduction of China’s balance of payments; Chapter 3 is the empirical analysis; Chapter 4 is the mechanism analysis of FDI; Chapter 5 is domestic influence of China’s international balance of payments surplus; Chapter 6 is about policy recommendations for China’s double surplus.
关键词：Structure of Balance of Payments;Double Surplus;FDI