| In recent years,the scale of the global OFDI,especial outflow of overseas direct investment(OFDI)of the developing countries is continuously being extending and its growth rate has been enhanced significantly.Therefore,the study of OFDI has become one of the important subjects in all sectors of society,especially in the academic circle.Since the effective implementation of the “going out” policy made by China,the academic circle is paying further attention to the research into the influence of OFDI on the industrial upgrading of the home country.According to relevant research,OFDI plays an important role in promoting the structural adjustment of the three main industries,optimizing the allocation of resources among industries and driving the technological upgrading in and among the industries.Based on the existing study and combining theoretical analysis and empirical analysis together,this paper systematically carried out analysis and research into the influence of outward overseas direct investment on Chinese industrial upgrading from the perspectives of national level,provincial level and business level.Firstly,starting from the topic selecting background and the research significance,this paper sorted out the existing research results of the OFDI,industrial upgrading and relations between them and determined the research direction,methods and logical structure of this paper.Secondly,from the perspective of concept definition,this paper classified and summed up each level of theory,including relevant theories of OFDI,relevant theories of industrial upgrading,mechanism for the influence of OFDI on the industrial upgrading,etc.in accordance with the sequence of historical evolution.Thirdly,based on the statistical processing and summary of the characteristics and current situation of the evolution of OFDI and industrial upgrading of China respectively by the statistical analysis technique,this paper carried out judgment and prediction about the influence of OFDI on the industrial upgrading of China by virtue of the VAR model,revised classical Chenery “structural growth model” and the “grey relational model”.Finally,based on both the theoretical and empirical analysis,this paper came to the conclusion and put forward targeted countermeasures and suggestions in combination with the actual situation in China.From the perspective of micro enterprises,OFDI are performed for four motives,meaning resources seeking,market seeking,technology seeking and strategic assets seeking accordance to the different purposes and effects sought by the enterprises for OFDI.The resources-seeking OFDI can not only break the resources-lacking barrier incurred in the process of industrial development,but also decrease international logistics cost and promote the trading development.Meanwhile,the technology-seeking OFDI and strategic assets-seeking OFDI can not only promote the optimization of the industrial structure of the enterprises and the business where OFDI is executed,but also drive the upgrading and development of upstream and downstream industries.From the industry perspective,the mechanism for the influence of OFDI on the industry is mainly reflected in the three effects of industrial transfer,industrial relations and intra-industry competition.The process of industrial transfer is often accompanied by the transfer of production factors whose core is capital,technology,labor force,etc.Therefore,by virtue of the outward overseas investment,the production factors can be released by the transfer of the inferior domestic industries to develop the domestic industries with the relative comparative advantages and accelerate industrial upgrading.And the industrial relations can facilitate industrial upgrading by improving the intra-industry technology level.And the intra-industry competition can realize the purchase of core technologies and patents with low cost by active overseas cooperation,merger,greenfield investment and other forms and then research and develop new technologies and products and facilitate the industrial upgrading and development in the business.From the perspectives of investors,zone and industry,the investors of OFDI of China are gradually changing from the enterprises with the state-owned enterprises and central enterprises as subjects to the diversified enterprise,such as private enterprises,local enterprises,etc.From the perspective of location level,even though “strong east and weak west” is the long-held characteristic of OFDI in different regions of China,the growth rate of outward overseas investment in the west area in recent years is very large and the outward overseas investment in the central area is also increasing steadily.Therefore,in the long run,the contribution of OFDI made by the central and western regions will become larger and larger.From the perspective of provincial level,Guangdong Province has always been the province with the largest OFDI stock in China and the OFDI stocks of Shanghai,Shandong,Beijing,Jiangsu and Zhejiang also rank top.From the perspective of industry level,the outward overseas investment of Chinese enterprises concentrates on firstly the tertiary industry and then the secondary industry.From the perspective of business,the OFDI mainly focuses on the leasing and business services industry,mining industry,manufacturing industry,transportation,storage and mail business,real estate business.It can be seen from the econometric model analysis of the data from the perspectives of national level,provincial level and business level: firstly,in general,OFDI promotes thee industrial upgrading of China.In the process of upgrading,forward conduction is made on the indexes of import and export trade structure,employment structure,domestic investment efficiency,etc.Secondly,from the perspective of provincial level,the influence of industrial upgrading is more obvious on the province with larger amount of OFDI.Fast-paced and irregular OFDI will restrict the effect of industrial upgrading.Because of the lopsided economic regional development in China,the different per capita educational levels and human capital will lead to different effects of industrial upgrading.Thirdly,from the perspective of business,the industries with relevant large facilitating effects on the industrial upgrading through outward overseas investment are respectively transportation industry,wholesale and retail trade,manufacturing industry,mining industry,leasing and business services industry,information transmission,software and information technology services industry.It is speculated from the results of the “grey prediction”,from 2016 to 2021,the industries with relatively large facilitating effects on industrial upgrading through OFDI are transportation,storage and mail industry,manufacturing mining,information transmission,software and information technology services industry. |
PDF Full Text Request