多数研究结果表明，外国直接投资取决于战略动机、出口替代、产品生命周期等长期因素。但是，这些因素很难解释短期内外国直接投资的频繁波动或特征相似国家之间的外国直接投资行为的较大差异。因此，有必要考虑影响投资成本回报的周期性因素。汇率作为决定国内外商品和生... Most studies show that FDI depends on long-term factors such as strategic motivation, export substitution, and product life cycle. However, it is difficult for these factors to explain the large discrepancies in the near-term fluctuations in foreign direct investment or foreign direct investment behavior among countries with similar characteristics. Therefore, it is necessary to consider the cyclical factors that affect the return on investment costs. Exchange rate as a decision to domestic and foreign goods and students ...