Research On The Model Of Integration Of International Trade And FDI Based On The Theory Of General Equilibrium

As two different aspects of contemporary deepening economic globalization, the developing trend of international trade and foreign direct investment gradually becomes identical, which not only objectively provides the realistic basis for integration of these two theories, but also challenges the traditional theories and make the integration unavoidable for further development of current theories. Therefore, this dissertation intends to organically integrate the macro analysis perspective of international trade and microanalysis perspective of FDI within the framework of general equilibrium theory. Meanwhile, from the perspective of industry —- the linking point, the dissertation establishes comprehensive theoretical models that combine theory of international trade with that of FDI under the premise of constant returns to scale and increasing returns to scale, so as to illuminate the rationale for intergrowth and promotion between international trade and FDI in the idealistic economic globalization.This study adopts both theoretical and demonstrative analysis method. Specifically, in theoretical analysis, it mainly adopts combination methods of static analysis with comparative static analysis in mathematical economics, focusing on the latter; combination methods of partial equilibrium with general equilibrium, focusing on the latter. In demonstrative analysis, it mainly adopts unit root test method, Johanson cointegration test method and vector error correction model of time series data in econometrics.The main research results as follows:1. This dissertation establishes brand new model of integration of international trade and FDI, which endogenizes international trade of intermediate products and FDI within the framework of general equilibrium theory simultaneously, by introducing transaction cost and two-stage production function incorporating intermediate products into the standard Heckscher-Ohlin model based on homogeneous products, completely competitive market of homogeneous products and factors and constant returns to scale of homogeneous products. It not only analyzes the relationship between international trade and FDI from the new aspect of intermediate products under a general state that there is transaction cost in international economy but also explains why FDI arise in international division of market and the rationale of corporation theory of the new international corporation institutional arrangement, e.g. MNEs, by making the general equilibrium and its inframarginal comparative static analysis of...