| With the rapid development of economic globalization,Chinese OFDI and IFDI both show a growing trend.In the context of both growing and playing an important role in Chinese economy,it is of great theoretical and practical significance to study the relationship between them.In this paper,based on the theory of OFDI and IFDI related to OFDI and IFDI respectively as "flow" and "flow",the relationship between the"two-way investment of time and space distribution situation,two-way investment interaction validation,interactive two-way investment level two-way investment pattern,two-way investment interactive dynamic analysis,two-way investment interaction effect analysis" train of thought,on the whole industry in China and divisions OFDI and interactive relationship of IFDI were studied.In theory,this paper can enrich and expand the research horizon of OFDI and IFDI to a certain extent,and can explain the interaction between Chinese two-way investment more comprehensively.In practice,this paper can provide some references for government decision-making departments to better handle the benign interaction between OFDI and IFDI.Based on OFDI and IFDI,on the basis of the related research integrated use of economic geography,regional economics,econometrics and other multi-disciplinary theory and knowledge,in the industry of provinces and cities,and divisions of OFDI and IFDI as the research object,the selection of 31 provinces in mainland China as the research unit,in the industry OFDI and IFDI data from 1990-2015 and divisions selection on the basis of data from 2000-2015,with the aid of Eviews,Arcgis,AMOS and relevant measurement software.Using the coupling coordination degree model,exploratory spatial statistical analysis,geography detector model and structural equation model and other research methods,along the two-way investment of time and space distribution situation,two-way investment interaction validation,interactive two-way investment level-two-way investment pattern,two-way investment interactive dynamic analysis,interaction effect analysis of two-way investment ideas,to explore from the perspective of time and space between OFDI and IFDI interaction,interactive pattern,interactive dynamic and interactive effect.The conclusions of this study are as follows:(1)There is an interactive relationship between The OFDI and IFDI in the whole industry and sub-industry in each province and city in China.Descriptive analysis method,standard deviation ellipse and nuclear density estimation method are used to estimate the overall spatial and temporal distribution of OFDI and IFDI in China and the spatial and temporal pattern distribution of typical industries.It is preliminarily judged that there are great similarities between OFDI and IFDI in the whole industry and in different industries in China.Then use ADF unit root test,cointegration test and granger causality test to verify the whole industry in China and divisions of OFDI and IFDI interactions,the results show that the industry of provinces and cities,and of long-term equilibrium relationship between two-way investment,in the case of second order delay the industry of provinces and cities,and divisions between OFDI and IFDI granger causality.(2)The overall level of interaction between OFDI and IFDI in Chinese whole industry and sub-industry shows a gradual upward trend.The interactive level of two-way investment in the whole industry in China has changed from an unrelated state to a state of coordinated development,and finally formed a high-quality coordinated development pattern centered along the Beijing-Guangdong Line and along the Yangtze River;Chinese manufacturing OFDI interact with IFDI level shift from predominantly unrelated state to give priority to with the coordinated development,coordinated development level is higher in 2015 provinces and cities are mainly distributed in north and central China,due to the optimization of industrial structure in Beijing,the implementation of outsourcing of manufacturing and related policy,Beijing manufacturing IFDI decreased dramatically,Beijing has become the country except Xizang only one manufacturing two-way investment held in a state of unrelated area;Chinese OFDI and wholesale and retail IFDI interaction level by unrelated evolved into state to coordinate development,and ultimately,mainly by the high quality coordinated development is the main form of the two vertical and two horizontal "open" word good coordination development class distribution pattern,two of the longitudinal respectively in:"Baocheng-Chengkun" and"Beijing-Guangzhou" line for along the axis of the provincial,two transverse axis refers to "JingHa-JingBao-BaoLan-LanXin" along the middle and lower reaches of the Yangtze river and coastal provinces domain;The interaction between OFDI and IFDI in Chinese leasing and business services industry is also uncorrelated and gradually developed into a state of coordinated development.Qinghai is the only province in which two-way investment is always uncorrelated,and Guangdong is the only province in which there is always interactive relationship.The interaction level between OFDI and IFDI in Chinese scientific research and technology service industry has gradually developed from uncorrelated to coordinated development.Among them,the provinces that are always uncorrelated are Gansu,Guizhou,Hainan,Qinghai and Xizang,and Guangdong is the only province that always has interactive relationship.(3)The interaction between OFDI and IFDI in all industries and sub-industries in All provinces of China is characterized by spatial correlation,and the internal differences are relatively obvious.all of Chinese OFDI interact with IFDI level industries spatial correlation characteristics presented by the random distribution to cluster distribution change of development situation,the early stage of the hot spot area are mainly distributed in the eastern coastal area,mainly distributed in northeast China,mid later period are mainly distributed in the central and western inland areas,the change process in line with "the east takes the lead in development,the development of the western region,northeast China,the rise of central China" national strategy.The spatial correlation between OFDI and IFDI in Chinese manufacturing industry.Chinese manufacturing OFDI interact with IFDI level presents a complex state of spatial correlation,hot area has experienced "south-central east coast--the Midwest" changes in the development process,with manufacturing in our country from the east coast to the central and western inland transfer path,the final stage of Beijing,Tianjin and Hebei form cold spots area,with Beijing and limit outsourcing manufacturing manufacturing investment policy has a strong association.Chinese OFDI and wholesale and retail IFDI interactive space correlation characteristics,fluctuated upward trend,the level of hot zone in Bohai sea area as the core,respectively,spread to the north to the south,eventually formed in east-central most provincial units for the vertical axis,with Inner Mongolia,Liaoning for horizontal axis,with "T" type of the Beijing-Tianjin-Hebei for the node space distribution pattern.level of Chinese OFDI leasing and business services to interact with IFDI existence state of spatial dependence,spatial correlation of negative correlation of discrete state space,the space is related to the agglomeration state of three states,such as hot spot presents "early from the southern coast to the east coast and migration in northeast China,central eastern coastal to inland migration" of the late movement change trend,Xizang,Xinjiang and Gansu three provincial always in cold area.Chinese scientific research and technology services OFDI associated with IFDI interactive level of space state is divided into the wave phases of 2000-2007 and the stationary phases of 2008-2015,hot spot presents "by the southern coastal transferred to the east coast and the northeast China,and then expand to the central inland,finally return to the east coast and spread to the north and south direction"development path,the change of the western region has not form a hot area,Xizang,Qinghai and Gansu was always cold spot area range,indicates that the scientific research and technology services remain the state of the low level of interactive two-way investment.The influence value of factors influencing the interactive development of OFDI and IFDI in Chinese whole and sub-industries varies greatly,and internal differences are obvious.The influencing factors of the interaction development between OFDI and IFDI in all provinces and cities are dominated by the economic driving factors.The influential factors are the economic openness and economic benefits.The two-factor interaction is greater than the influence of the single factor,indicating that the difference in the interactive development level is the result of the comprehensive action of multiple factors.Among the influencing factors of the interactive development of OFDI and IFDI in the manufacturing industries of all provinces and cities,the variation of each detection factor is relatively obvious,and there is no detection factor with high influence all the time.Moreover,the two-factor interaction is larger than the influence of the single factor,indicating that the difference in the interactive development level is caused by multi-factor comprehensive effect.wholesale and retail OFDI and IFDI interactive development of provinces and cities,the biggest detection factor for the image force from early transportation condition,into the middle of the environmental regulation and the size of the market,finally the openness of the economy,the double factor interactions were greater than single factor's influence,the formation of the difference of the interaction is more factor synthesis.Influencing factors for the interactive development of OFDI and IFDI in leasing and business services in various provinces and cities,the detection factor with the largest image power has changed from the early stage of traffic and transport conditions to the medium stage of economic benefits and international tourism,and finally to the traffic and transport conditions;And the influence of the two factors interaction is greater than that of the single factor,indicating that the formation of the difference in the level of interaction development is a multi-factor synthesis.5 provinces scientific research and technical services OFDI and IFDI interaction of the largest detection image force factor from the early international tourism and informatization degree,into early in the informationization level and the financing environment,later period for economic openness and the size of the market,double factor interaction were greater than single factor's influence,the formation of the difference of the interaction is more factor synthesis.(5)The interactive development of Chinese OFDI and IFDI has a positive promotion effect on both internal effect and external effect,and the degree of influence on internal effect is greater than that of external effect.But there's a big difference between internal effects and external effects,and there's a big difference between internal effects and external effects.In the interactive development of two-way investment,all the observed variables have positive effects on the internal effect.Among them,the effect value on the industrial structure upgrading of IFDI is larger than that of the industrial structure upgrading of OFDI.Two-way investment interactive development has a positive effect on the observed variables of externalities.Within the externalities,the effect value of employment effect is the largest,followed by technological effect and ecological effect,and the effect value of trade effect is the smallest. |
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