| Along with the economy development in Guangdong and the globalization after Reform and Opening in China, Foreign Direct Investment (FDI) in Guangdong has increased significantly, which becomes a very important part of the industrial structure of Guangdong. FDI brings not only capital, technology and management experiences, but also new employment opportunities, local financial income, improvement of foreign trade and optimization of industrial structure. But along with the expanding of scale of FDI, the negative effects show up, one is Crowding out Effects. How to improve the quality of FDI in Guangdong efficiently? This research analyze that whether local investments are crowded out by FDI, how much it is crowded out.This research starting from the concept and theory of Crowding out Effects, analyzes the Crowding out Effects on the investment in fixed asset caused by FDI by means of quantitative analysis on FDI and fixed asset investment in Guangdong 1989-2008, besides, base on the former analysis, a further analysis on Crowding out Effect on fixed asset investment in different region and different way in Guangdong, which provides a overview of effects on fixed asset investment caused by FDI.Analysis conclusion: FDI brings Crowding out Effects to fixed asset investment in Guangdong; FDI brings Crowding out Effects to all kinds of fixed asset investment in Guangdong, but the effects are different, FDI affects state-owned capital a little, while which affects non-state-owned capital a lot; FDI brings obvious Crowding out Effects to fixed asset investment in Guangdong except Xiyi region.In the end, base on the conclusion of empirical analysis in this research and the actual situation of FDI in Guangzhou, this research analyzes how Crowding out Effects caused and raises suggestions to strengthen Crowding in Effects while weaken Crowding out Effects, which provides a theoretical basis to the improvement of the usage of FDI to explore its positive effects. |
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