The Effects of Two-Way FDI on Industrial Structure Development-Evidence From Shandong in China
- 10.2991/aebmr.k.201211.036How to use a DOI?
- Outward foreign direct investment, inward foreign direct investment, industrial structure development
Based on the “Standard Structure Model” of Chenery, we construct an econometric model to examine the effects of two-way foreign direct investment (FDI) on industrial structure development by using panel data of 17 cities in Shandong over 2003-2018.The empirical results show that outward FDI has a significant and positive impact on both industrial structure optimization and industrial structure advancement. While inward FDI can only promote the optimization process of industrial structure at the 10-percent level of significance. Meanwhile, domestic economic factors such as financial support from government, market demand and innovation investments of enterprises also play an important role in optimizing and upgrading industrial structure.
- © 2020, the Authors. Published by Atlantis Press.
- Open Access
- This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).
Cite this article
TY - CONF AU - Jianxia Yu AU - Xue Wei AU - Qing Xue PY - 2020 DA - 2020/12/14 TI - The Effects of Two-Way FDI on Industrial Structure Development-Evidence From Shandong in China BT - Proceedings of the Fifth International Conference on Economic and Business Management (FEBM 2020) PB - Atlantis Press SP - 212 EP - 216 SN - 2352-5428 UR - https://doi.org/10.2991/aebmr.k.201211.036 DO - 10.2991/aebmr.k.201211.036 ID - Yu2020 ER -