近期我院教師何适副教授研究成果“FDI forward spillover effects in emerging markets: A comparative meta-analysis of China and Eastern Europe”和“RMB misalignment: What does a meta‐analysis tell us?”分别在《Economic Systems》和《Review of International Economics》上在線發表。
摘要1:Using two unique datasets of 530 forward estimates from 19 studies on China and 942 forward estimates from 28 studies on Eastern European transition economies, this paper quantitatively analyzes foreign direct investment forward spillover effects, accounting for various biases and firm attributes in existing empirical results with a meta-regression analysis. We find that aggregation bias, misspecification bias, endogeneity bias (including simultaneity bias and omitted-variable bias), publication bias, and firm attributes contribute to the sources of heterogeneity in forward spillover estimates; and the preferred forward spillover effects are positive but insignificant. It is also interesting to find that the preferred forward spillover effect is likely to be much larger in Eastern European transition economies than in China.
摘要2:Using a dataset of 3108 dichotomous renminbi (RMB) misalignment estimates from 95 studies, we conduct a meta-analysis based on Bayesian model averaging (BMA) to assess the effects of study characteristics on these RMB misalignment estimates. The findings demonstrate that selected study characteristic types systematically influence RMB misalignment estimates, especially time series Vs non-time series approach and cointegration Vs non-cointegration. Though lean towards RMB undervaluation inference, results from the BMA meta-analysis and the corresponding median probability model and synthetic practice evaluation do not offer a conclusive statistical inference on RMB misalignment. Specifically, the evidence varies with the configuration of model specification and does not corroborate the RMB undervaluation claim for the periods of “2009–2010” and “2011–2014.”
期刊簡介:
《Economic Systems》是國際知名期刊之一,期刊近五年平均影響因子3.131。
《Review of International Economics》是國際經濟學領域頂尖期刊之一,主要專注于國際經濟學及其相關領域高水平前沿研究,在學界有着較大影響力,吸引着國際主流經濟系中衆多一流乃至頂級經濟學家投稿。
作者簡介:
何适,澳门永利集团304官网手机副教授、碩士生導師,博士畢業于華中科技大學和香港城市大學。主要研究方向為國際金融、世界經濟、發展經濟學等,以第一或通訊作者身份在Review of International Economics、Finance Research Letters、Emerging Markets Finance and Trade、Economic Systems等國内外知名期刊發表相關學術論文數十篇。主持教育部人文社科青年基金及其他重要課題多項。榮獲麥克法登—林少宮獎和第十七屆“張培剛優秀博士論文獎”。