Coordination in Two-Way FDI and Industrial Structure Upgrading——Spatial Econometric Analysis Based on Provincial Panel Data
Establishing an orderly and coordinated two-way international direct investment system is of great significance in the promotion of the upgrading of China's industrial structure and achieving high-quality economic development.Based on the coupling model,the present study constructs a two-way FDI coordination index,and analyzes the direct effect of two-way FDI coordination on industrial structure upgrading and its spillover effect by maximum likelihood method by means of spatial econometric model.The findings show that(1)two-way FDI coordination can promote industrial structure upgrading within one province by enhancing technological innovation capability and technological output advantages.(2)The existence of the siphoning effect of labor and capital factors makes two-way FDI coordination produce negative spatial spillover on the industrial structure of neighboring provinces at the provincial level.(3)Further research shows that the impacts of the two-way FDI coordination on industrial structure upgrading vary in geographical location and resource endowment.The present study of the impact of two-way FDI coordination on the upgrading of China's industrial structure provides empirical evidence and policy implications for a comprehensive understanding of the relationship between"stabilizing foreign direct investment and outward foreign direct investment"and"building a powerful industrial country",and for improving the performance of two-way FDI coordination in China.
NETL
NSTL
万方数据
