The Impact of Outward Foreign Direct Investment on the Upgrading of China’s Manufacturing Industry Structure

Jiajun Dong and Yang Han ()
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Jiajun Dong: Harbin Institute of Technology, School of Economics and Management
Yang Han: Harbin Institute of Technology, School of Economics and Management

A chapter in Proceedings of the 3rd International Conference on Economic Development and Business Culture (ICEDBC 2023), 2024, pp 784-797 from Springer

Abstract: 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.

Keywords: OFDI; industrial structure upgrading of manufacturing industry; height of manufacturing structure; spatial autoregressive model (search for similar items in EconPapers)
Date: 2024
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DOI: 10.2991/978-94-6463-246-0_96

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