The Effects of Two-Way FDI on Industrial Structure Development-Evidence From Shandong in China

DOI

10.2991/aebmr.k.201211.036How to use a DOI?

Keywords

Outward foreign direct investment, inward foreign direct investment, industrial structure development

Abstract

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.

Copyright

© 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/).

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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  -