| With the mainland’s reform and opening up and the gradual easing of the cross-strait relations, cross-strait economic and trade exchanges have become closer day by day. The scale of accounted for the proportion of foreign investment is increasing. From1991to2011, Taiwanese investment in the mainland accumulated a total of111.70billion dollars, accounting for61.71%in the proportion of foreign investment. In2010and2011, the amounts of investment were14.62billion dollars and14.38billion dollars, accounting for as high as the proportion of83.81%and79.55%. Obviously, the mainland has become the most important location of Taiwanese foreign investment, and the trend is further concentrating to the mainland, but the regional distribution of Taiwanese investment in the mainland was significant differences. Taiwanese investment in the mainland early focused on Pearl River Delta and southeast of Fujian, which was the psychological distance and spatial distance closer from Taiwan and language, cultural and customs are similar. After2000, Taiwanese investment in the Pearl River Delta and southeast of Fujian was gradually decreased, there was even negative growth. And investment focus has shifted to the Yangtze River Delta. Since2008, the Bohai Rim has become an another hot spot areas of Taiwanese investment in the mainland following the Pearl River Delta, Southeast of Fujian and the Yangtze River Delta. And the TDI located in central and western provinces showed the momentum of the large-scale development. So, Taiwanese investment in the mainland formed all-round development from east to west, from south to north, from coastal areas to inland, however, the extremely unbalanced phenomenon of the regional distribution still exist.Based on commenting on the representative FDI theory and location theory, this thesis drawed on the empirical research results of the FDI’s regional selection and TDI’s regional selection which domestic and foreign scholars and cross-strait scholars did. From both soft and hard environment, three aspects of Taiwanese, Mainland and Taiwan, the writer made a detailed analysis of the influential factors on regional selection which Taiwanese invested in the mainland. And depending on the level of economic development, from three aspects of the overall sample, the developed areas and the less developed areas, this thesis used panel data model to do empirical research on influential factors on regional selection of the Taiwanese investment in the mainland, analyzed the dynamic changes of the influential factors in order to obtain the internal mechanism of Taiwanese regional selection. Finally, based on the conclusions of this thesis, the writer deduced the proposals to Taiwanese, Mainland and Taiwan, and tried to provide theoretical and policy support for mainland provinces’ attract investment and Taiwanese regional selection.According to arrangement of the research content, this thesis is divided into eight chapters.The first chapter is introduction. This chapter introduced the background and significance of the study, main contents, the basic framework, as well as methods and innovations of the study.The second chapter is theoretical discussion and literature review. This chapter commented on the representative FDI theory and location theory, and based on reviewing the empirical research results of the FDI regional selection which domestic and foreign scholars did, analyzed the empirical research results of the TDI’s regional selection which cross-strait scholars did. Accordingly, the writer determined the research contents and research methods of this thesis.The third chapter is the basic situation of Taiwanese enterpirses investment in the mainland. At first, this chapter made a detailed analysis of the basic situation of Taiwanese foreign direct investment from the history of Taiwanese foreign direct investment, industrial distribution and regional distribution. Then, this chapter reviewed the stage of development of Taiwanese investment in the mainland, and based on the scale of investment, industrial constitutes and regional distribution, the writer analyzed the basic characteristics of Taiwanese investment in the mainland. And on this basis, the writer made a detailed analysis of the motives and policy sensitivities of Taiwanese investment in the mainland.The fourth chapter is the influential factors on regional selection which Taiwanese invested in the mainland. This chapter made a detailed analysis of the influential factors on regional selection which Taiwanese invested in the mainland from both soft and hard environment, three aspects of Taiwanese, Mainland and Taiwan. The interaction among three aspects decided TDI’s regional distribution in the mainland provinces.The fifth chapter is the influence of TDI’s regional selection-Taiwan’s cross-strait policy. This chapter analyzed comprehensively the evolution of Taiwan’s cross-strait policy, then discussed comparatively the situation of regional selection which Taiwanese invested in the mainland, which divided into3periods-the period of "preliminary open-door policy", the period of "no haste, be patient", and the period of "both liberalization and management".The sixth chapter is influential factors on regional selection of the Taiwanese investment in the mainland-the empirical research based on dynamic panel data model. This chapter used statistical data during1995to2011, depended on stata11.2software, made the empirical research of the panel data model. And finally, the writer analyzed the dynamic changes of the influential factors of the Taiwanese investment in the mainland in order to obtain the internal regular pattern of Taiwanese regional selection.The seventh chapter is conclusions, suggestions, and research prospects. At first, this chapter made a brief summary of the thesis, and then, according to the conclusions of this thesis deduced the proposals. At the end, the writer pointed out the limits of this thesis, and discussed the question which needs further studies.This thesis is based on the previous research conclusions of the FDI’s regional selection and TDI’s regional selection which domestic and foreign scholars and cross-strait scholars did. The writer absorbed the previous research experience and the latest econometric model, combined with the situation of TDI’s regional selection and the dynamic changes of the influential factors, made some innovations as follows:1. This thesis absorbed Taiwan factor (the region of funds outflow) into the theoretical framework, made a detailed analysis of the influential factors on regional selection which Taiwanese invested in the mainland from three aspects of Taiwanese (investor), Mainland provinces (investee) and Taiwan (the region of funds outflow). 2. In this thesis, based on both soft and hard environment of cross-strait, the writer extended the research content, analyzed comparatively Taiwan’s cross-strait policy during3periods-the period of "preliminary open-door policy", the period of "no haste, be patient", and the period of "both liberalization and management". Then the writer discussed TDI’s regional selection during different policy periods in order to understand that Taiwan’s cross-strait policy influenced the regional selection of Taiwanese investment in the mainland.3. Depending on the level of economic development, from three aspects of the overall sample, the developed areas and the less developed areas, this thesis used dynamic panel data model to do empirical research on influential factors on regional selection of the Taiwanese investment in the mainland, analyzed the dynamic changes of the influential factors in order to obtain the internal regular pattern of TDI’s regional selection. |
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