The Impact of Outward Foreign Direct Investment on the Upgrading of China’s Manufacturing Industry Structure
--Based on Spatial Autoregressive Model
- DOI
- 10.2991/978-94-6463-246-0_96How to use a DOI?
- Keywords
- OFDI; industrial structure upgrading of manufacturing industry; height of manufacturing structure; spatial autoregressive model
- Abstract
At present, under the situation of increasing complexity of domestic and international environment, the upgrading of China’s manufacturing industry structure is an important task for China to deepen reform and increase new drivers of economic development. In recent years, the scale of China’s outward direct investment has continued to rise, ranking third in the world for many years in a row. In this context, it is of great practical significance to explore the impact of China’s outward foreign direct investment on the upgrading of manufacturing industry structure and its mechanism. Based on the panel data of 31 provinces in China during the 11-year period from 2011 to 2021, this paper constructs an evaluation index of the industrial structure upgrading of the manufacturing industry, and uses the spatial econometric model for analysis. The conclusion is drawn that there is a significant spatial autocorrelation in the industrial structure of the manufacturing industry in China, and China’s outward foreign direct investment has a significant positive promoting effect on the industrial structure upgrading of the manufacturing industry in China. Therefore, this paper puts forward suggestions on rational use of outward foreign direct investment to promote the upgrading of manufacturing industry structure, and provides detailed policy basis for promoting the transformation and upgrading process of China’s manufacturing industry.
- Copyright
- © 2024 The Author(s)
- Open Access
- Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.
Cite this article
TY - CONF AU - Jiajun Dong AU - Yang Han PY - 2023 DA - 2023/09/26 TI - The Impact of Outward Foreign Direct Investment on the Upgrading of China’s Manufacturing Industry Structure BT - Proceedings of the 3rd International Conference on Economic Development and Business Culture (ICEDBC 2023) PB - Atlantis Press SP - 784 EP - 797 SN - 2352-5428 UR - https://doi.org/10.2991/978-94-6463-246-0_96 DO - 10.2991/978-94-6463-246-0_96 ID - Dong2023 ER -