Analysis of the scale effect of trade frictions affecting in-teractive development of China's two-way FDI
Using anti-dumping cases as indicators to measure trade friction,and using panel data of manufacturing industry segments from 2003 to 2020,this paper uses a dynamic GMM model to examine the impact of trade friction on the level of two-way FDI interaction development in China through scale effects.At the same time,it also examines the impact of trade friction on the level of two-way FDI interaction development through scale effects at different time periods,different levels of two-way FDI interaction development,and different eco-nomic scales.The results are as follows:First,industry-wide research shows that trade frictions inhibit the level of two-way FDI interaction,while trade frictions enhance the level of two-way FDI interaction through scale effects.Second,the time-stage study shows that since the outbreak of the financial crisis,trade frictions have promoted the level of two-way.FDI interaction through economies of scale.Third,the research on the level of two-way FDI interaction shows that trade friction promotes the level of two-way FDI interaction and develop-ment in industries with high levels of two-way FDI development through scale effect and inhibits the level of two-way FDI interaction and development in industries with low levels of two-way FDI development.Fourthly,the regression results based on economic scale show that trade frictions have a higher inhibitory effect on the level of two-way FDI interaction in industries with high economic scale.
anti-dumpingtwo-way FDItrade frictiondynamic GMM model
NETL
NSTL
万方数据
维普
