本研究主要探討大陸外人直接投資(inward FDI)中台灣的部份，對於大陸經濟成長影響者之間的關係。過去相關研究的實證結果得知大陸的外人直接投資對大陸經濟影響顯著，但無法反應台灣的單一現象。

經濟發展理論與時俱進，依據新成長理論(The New Growth Theory)的內生成長理論 (Endogenous Growth)，GDP的成長決定於生產體系而非體系外。然而，台灣FDI對大陸經濟的影響，乃來自於外部的經濟效果.本文研究擬採用單根檢定，Granger因果關係以及共整合等研究方法，找出兩者之間短期動態與長期均衡所存在的變動關係。  

預期台灣流入大陸的FDI，因所占比重較高，對大陸經濟影響高長。本篇論文根據計量模型，得出結果為台灣流入大陸的FDI，長期而言有正向的趨勢並且影響顯著；短期而言，則並無顯著相關。值得一提的是，大陸經改政策的開放與變革，使大陸單一經濟體從封閉型轉變為市場經濟後，並且隨著區域經濟整合的經貿強化政策，現在已經是全球第第四大的單一經濟體， 世界經濟版圖快速異動。本篇未來的研究方向，可針對台灣FDI對大陸經濟影響的層面中之於股市的影響，以探討三者之間是否存在有趣的現象或關係。

This research mainly discussed the influence of Taiwan FDI on mainland China economy。In the past, a lot of research outstandingly proved the foreign direct investment to mainland China Economy was positive, but there were still unable to respond to Taiwan’s sole phenomenon.

    The economic development keeps pace with the times ; according to the endogenous growth theory, the GDP growth depends on the production system inside instead of the system outside. However, the influence of Taiwan FDI to the mainland China economy comes from exterior economic effect. This article study used the unit root examination, the Granger Casuality test as well as the cointegration in order to discover change relations which between both the short-term dynamic and long-term balanced exists. 

    Anticipated Taiwan flows in the mainland China which is for the high proportion, affected high to the mainland China economy long. These basis measurements models for this paper obtained the result to flow in the mainland China for Taiwan FDI obviously had the forward tendency.
The short-terms said, then and not obviously connected. It worths mentioning that after the openness policy was practiced in mainland China, its sole economy transformed from the closed type to the market economy, and along with the region economical conformity and trade strengthening policy. Now mainland China was already the global fourth big sole economy, the world economics domain changes fast. This feature research direction, might aim at Taiwan FDI to the mainland China stock market, will hope to discuss the relations between three factors in future.

第一章  緒論
   第一節 研究背景﹑動機與目的                 頁一
   第二節 本文架構                             頁四
第二章  對外直接投資影響經濟成長之探討 
   第一節	 外人直接投資(發展過程) 對經濟的影響  頁五
   第二節	 外人直接投資理論                     頁六
第三章  研究方法   
   第一節 資料來源與處理                       頁九   
   第二節	 研究方                   法                                             頁九                            
   第三節	 研究流程圖                           頁十一
   第四節 變數相關性                           頁十二
第四章  實證研究
   第一節  研究限制                            頁十二
   第二節  單根檢定                            頁十四
   第三節  共整合                              頁十六
   第四節  因果關係                            頁十九
   第五節 實證結果                             頁二十
第五章 結論與建議
   第一節  結論                                頁二十一
   第二節  未來研究方向結論                    頁二十一
表目錄
表一 研究流程圖                                頁十三
表二 變數相關性                                頁十三
表三 共變異數                                  頁十四
表四 單根檢定統計值                            頁十六
表五 共整合實證結果                            頁十七
圖目錄
圖一 FDI走勢圖                                 頁十三
圖二 TW_FDI走勢圖                              頁十三
圖三 IP走勢圖                                  頁十四
圖四 衝擊反應                                  頁二十
參考文獻

1. Aitken, B., G. Hanson, and A. Harrison. (1997), “Spillovers, Foreign Investment, and Export Behavior.”Journal of International Economics, 43, 1997, 103-32.

2. Balasubramanyam, V. N., Salisu, M. and D. Sapsford (1996), “Foreign Direct Investment and Growth in EP and IS Countries,” The Economic Journal, 106(434), 92-105.

3. Blomstrom, M., A. Kokko, and M.Zejan. (1992), “Host Country Competition and 
    Technology Transfer by Multinationals. ”NBER Working Paper No.4131,1992.

4. Borensztein, E., J. De Gregorio, and J.W Lee(1995), “How Does Foreign  Investment Affect Economic Growth ?”NBER Working Paper No.5057

5. Dunnning, J. International Production and the Multinational Enterprises. London: George Allen and Unwin, 1981

6. Graham, E., and P. Krugman. Foreign Direct Investment in the United  States, 3rd ed. Washington D.C. : Institute for International Economics, 1995.

7. “How Does Foreign Direct Investment Affect Economic Growth in China,” 
Economics of Transition, 9(3), 679-93.  (2001b).

8. Jessie P. H. Poon and Edmund R. Thompson : Foreign Direct Investment and Economic Growth : Evidence from Asia and Latin America

9. Liu, X. Burridge, P. and P.J.N. Sinclairs (2002), “Relationship between Economic Growth, Foreign Direct Investment and Trade: Evidence from China,” Applied Economics, 34(11), 1433-40,

10. Lucas, R.E.Jr.(1988), “On the Mechanics of Economic Development,”      Journal of Monetary Economics, 10, 3-42

11. Lucas, U.(1993), “On the Determinants of Direct Foreign Investment:      Evidence from East and Southeast Asia,”World Develop, 21,391-406.

12. Markusen, J., A. Venables, D. Konan, and K. Zhang. (1996), “A Unified Treatment of Horizontal Direct Investment, Vertical Direct Investment, and the Pattern of Trade in Goods and Services.”NBER Working Paper No.5696. 1996

13. Narula, R. and J.H. Dunning (2000), “Industrial Development, Globalization and Multinational Enterprises: New Realities for Developing Countries,” Oxford Development Studies, 28(2), 141-67.

14. Poon, J.P.H. and E.R. Thompson (1998), “Foreign Direct Investment and Economic Growth: Evidence from Asia and Latin America”, Journal of Development Economics, 23(2), 141-60. 

15. Sun, Q., Tong, Wilson and Q. Yu (2002), “Determinants of Foreign Direct Investment across China,” Journal of International Money and Finance, 21, 79-113. 

16. Zhang, K., and J. Markusen. (1999), “Vertical Multinational and Host-Country Characteristics.”Journal of Development Economics, 59, 1999, 233-52.

17. Zhang, K. H. (2001a), “Does Foreign Direct Investment Promote Economic Growth? Evidence from East Asia and Latin America,” Contemporary Economic Policy, 19(2), 175-85 

18. Xiaohui Liu, Peter Burridge and P. J. N. Sinclair (2002), “Relationships between Economic Growth, Foreign Direct Investment and Trade : Evidence from China”Applied Economics, 2002, 34, 1433-1440

19.王永齊,FDI溢出﹑金融市場與經濟增長, 數量經濟技術經濟研究,2006年第一期.

20.王晶,余為政,FDI對我國經濟影響的實證研究,國際貿易問題,2006年第二期.

21.李國榮,我國外商直接投資與出口貿易關係的實證研究,國際貿易問題,2006年第二期

22.宋承穎,外人直接投資對台灣經濟的影響評估

23.陳石清,對外國投資與出口貿易:實證比較研究,財經理論與實踐(雙月刊),第27卷,第139期,2006年1月

24.陳自印,FDI對我國經濟增長影響的實證分析及對策,全國貿易經濟類核心期刊,2006,2.

25.陳君達,陳秀芬,沈芝羽,南韓外人直接投資﹑匯率制度與股票報酬之相關性.

26.陳紹雄,FDI對中國經濟發展作用的經濟學分析,市場論壇,2006-01-09.

27.邱魏頌正,黃秋閩,外人直接投資﹑貿易與經濟成長-東亞與拉丁美洲實證之研究.

28.馬春光,馬春摺,FDI對中國經濟影響的分析,Journal of Shenyang   Institute of Engineering(Social Sciences),第二卷,第一期,2006年1月.

29.康贊亮, 張必松, FDI﹑國際貿易及我國經濟增長的協整分析與VECM模型,國際貿易問題,2006年第二期.

28.葉日崧, 郭麗華, 投資大陸對台灣經濟的影響與展望, Web Journal of    Chinese Management Review 中華管理評論國際學報, Feb.9,No.1,Feb 2006.

30.高長,台商在大陸投資趨勢與對大陸經濟的影響.

31.聶建中,林景春,詹凱婷, 兩岸三地股價聯動性研究, 輔仁管理評論,中華民國93年9月,第十一卷第二期,63-82.