The Research On The Influence Of China's Export Structure Of Outward Foreign Direct Investment

After the international financial crisis which was triggered by the U.S.mortgage crisis,China faces the weakening of international demanding and the increasing of international trade friction grim situation,It is urgent to upgrade the export trade,export structure has received unprecedented attention.At the same time,since 2000 our government put forward the "going out”strategy,China's outward foreign direct investment enterprises grow rapidly,despite in 2012 the flowing of global FDI declined nearly twenty percent compared with in 2011,but China's outward foreign direct investment still hit record of $ 87.8 billion,China has become the world's third largest foreign direct investor.Therefore,the study of the impact of China's outward foreign direct investment in the export structure undoubtedly has important practical significance.On the other hand,study the relationship between outward foreign direct investment and trade home country is a classic proposition in the field of international economics.For a long time,scholars study from different angles and have formed a large number of relevant research results.However,combing with the system relevant research literature,the study finds that there are two distinct bias on the study of theory,the research focuses on the impact of foreign direct investment on the scale of export trade,foreign direct investment affects the export structure is insufficient;empirical research,empirical studies pay attention to the relationship of foreign direct investment and export trade volume is complementary or alternative,foreign direct investment affects the export structure is insufficient.Therefore,the study of the impact of China's foreign direct investment in the export structure has important theoretical value.This dissertation uses the theory of international trade,international investment and industrial economic theory,foreign direct investment affect theoretical mechanism of export structure,and use the sample data of China's outward foreign direct irnvestment and export trade,some empirical research from various angles.Specifically,the dissertation first conducts on the status of outward foreign direct investment and export structure of China's analysis reveals the current problems of China's foreign direct investment and export trade structure existing in the process,a preliminary study of foreign direct investment linkages with China's export trade structure.Then,the dissertation focuses on outward foreign direct investment improve the home country of technological progress and industrial structure perspective,analyze and discuss the impact theory of the mechanism export structure,and through the use of panel data model,validation of foreign direct investment in upgrading the industrial structure,to optimize our export commodity structure of objective facts.On this basis,the paper further separately from the export commodity structure based on the export of technical complexity angle,build relevant mathematical model,using a two-step system GMM measurement methods,empirical study on the impact of China's foreign direct investment in the export structure.Finally,make relevant policy recommendations.This dissertation of main conclusions as the following:(1)outward foreign direct investment through technological progress and the effect of technological transfer,industry association effect,industry competition effect to optimize domestic industry structure,and then optimize China's export structure directly.However,outward foreign direct investment upgrade industrial structure,which will be affected by regional characteristics of factor endowments,such as the factors of regional technology innovation ability.(2)whether investment in developed countries or in developing countries,China's outward foreign direct investment(OFDI)have significantly contributed to the spare parts,machinery and equipment and other intermediate products in China's export growth,but further analysis find that the inverse gradient investment in developed countries of our country,the structure of our country export still have obvious promotion effect,but invest in developing countries of the gradient investment,export structure upgrade effect is relatively weak.(3)between outward foreign direct investment of China and technical complexity manufactured exports,there is significant positive correlation,outward foreign direct investment have become an important way to upgrade our technology manufactured exports complexity,At the same time,the human capital and R&D have an important effect on the region's exports technical complexity by China's outward foreign direct investment(4)with the further study,we put the outward foreign direct investment and export scale and export technology complexity into a unified analysis framework,the study shows that:our country outward foreign direct investment can optimize out export technical complexity;Outward Foreign direct investment through promote exports techno logical complexity which suppresses the low value-added manufactured goods export expansion in China,the export trade structure will improve gradually.Finally,policy recommendations including the policy of supporting the increasing of the "going out" of domestic enterprises;more reasonable choice of Outward foreign direct investment in the industry and geographical distribution;we should further enhance our technology absorption and technological innovation capability;emphasis on the "bringing" of foreign direct investment and the“going out" of Outward foreign direct investment to develop coordinately.