Research on the Impact of Foreign Direct Investment on Chinese Trade Structure Optimization <br/>—Based on the Strategic Background of the Belt and Road
- 1 School of Economics, Jinan University, Guangzhou, China
Abstract
According to the data of Chinese OFDI and its domestic export trade during 2003 and 2016, the trade structure of China to host country is calculated in this paper, so as to analyze the influence of OFDI on domestic trade structure adjustment. It is shown that there is a close relationship between the OFDI and the domestic trade export, with OFDI not only expanding the scale of overall export trade, but also promoting the upgrade of domestic trade structure. Further, it is found that the marginal transfer effect of OFDI in China is not significant, while the value chain upgrade effect, industrial correlation effect and reverse technology spillover effect are positive. Specifically, OFDI has significantly promoted the increase in the proportion of exports of intermediate goods, capital goods and technology-intensive products in China, which is conducive to the improvement of Chinese international division of labor. In addition, this paper finds similar conclusions through regression analysis of Chinese OFDI and export s trade data of the Belt and Road countries.
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