Temporal and spatial evolvement of Taiwan's Direct Investment in manufacturing industry under the impact of important external events
Based on the analysis of the spatial and temporal patterns of Taiwan's Direct Invest-ment(TDI)in manufacturing from 2009 to 2021,a panel regression model was established to ex-plore the impact of important external events on the location choice of TDI in manufacturing in-dustry and different sub-sectors of manufacturing industry.The results show that:(1)From 2009 to 2021,the amount of TDI in manufacturing industry showed a state of mutual growth and de-cline between investment in the Chinese mainland and outside the Chinese mainland.For the in-dustry type,the state of mutual growth and decline of TDI in technology-intensive industries was the most prominent.TDI in manufacturing industry with the Chinese mainland as the core of the regional characteristics of investment gradually weakened,and technology-intensive and labor-in-tensive manufacturing industries have the most obvious trend of regional transfer.(2)The im-pact of Sino-US trade friction on the amount of TDI in manufacturing industry is significant,the impact of Sino-US trade friction on location choice of TDI in manufacturing industry is not sig-nificant.The"New Southbound Policy"has a promotion effect on TDI in manufacturing to"New Southbound"countries.The COVID-19 pandemic has no significant impact on the loca-tion choice of TDI in manufacturing.Market size,labor cost,technological level,trade openness and distance are still important factors influencing the location choice of TDI in manufacturing industry.
Taiwan's Direct Investment(TDI)manufacturinglocation choiceSino-US trade frictionNew Southbound PolicyCOVID-19 Pandemic