Proceedings of the 3rd International Conference on Economic Development and Business Culture (ICEDBC 2023)

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

--Based on Spatial Autoregressive Model

Authors
Jiajun Dong1, Yang Han1, *
1School of Economics and Management, Harbin Institute of Technology, WeiHai, China
*Corresponding author. Email: hanyang_andy@163.com
Corresponding Author
Yang Han
Available Online 26 September 2023.
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.

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Volume Title
Proceedings of the 3rd International Conference on Economic Development and Business Culture (ICEDBC 2023)
Series
Advances in Economics, Business and Management Research
Publication Date
26 September 2023
ISBN
10.2991/978-94-6463-246-0_96
ISSN
2352-5428
DOI
10.2991/978-94-6463-246-0_96How to use a DOI?
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

risenwbib
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  -