Research On The Impact Of Institutional Factors On The Spatial Distribution Of China's Foreign Investment

Xi Jinping put forward the construction of "Silk Road Economic Belt"strategy during the trip of four Central Asian countries for the first time,proposed to build the concept of "21st-Century Maritime Silk Road" initiative during the informal meeting of APEC leaders,2013."One belt,one road"strategy in China and along the country rising."One belt,one road" strategy can not only promote the modern transportation and logistics industry development,promote regional economic and China Unicom,and promote the development of the national economy,promoting regional economic cooperation,but also promote the historical and cultural exchanges with the global China,world understanding and trust of China,strengthen regional economic cooperation and cultural exchanges,promoting political stability,peace and development China with neighboring countries.This paper selects"the new Eurasian Continental Bridge" as the research object,mainly because of the"new Eurasian Continental Bridge"is an important part of the"One belt,one road",starting in Jiangsu and Shandong Chinese Lianyungang Rizhao Port,through 3 lines Holland port of Rotterdam,across two continents in the middle zone,the silk road foundation the engineering facilities of the construction of the economic zone is one of the most important.This paper discuss the institutional factors impact on China's foreign investment location distribution,the theory on the basis of foreign investment in the distribution of the uneven of regional economic development imbalance.Firstly,it analyzes Chinese invstment of the country along the status of the"new Eurasian Continental Bridge",found that total investment of the country along the status of "the new Eurasian Continental Bridge"t is increasing,but the investment distribution is not balanced,and then conduct empirical analysis use 2004-2013 decade data of the eight countries along the status of "the new Eurasian Continental Bridge".Comprehensive the results of previous studies,and the research content of this paper,the institution of the host country factors points for the three angles of the political factors,economic freedom and the legal system to analyze the influence on the distribution of foreign investment in China.In this paper,based on the traditional gravity model,the economic size(GDP)as"m"in the gravity model,the distance between China and the host countries as"d"in the gravity model,the institutional factors into three factors are embedded in the gravity model,the three models,the use of panel data regression.This paper in reference to the previous,using gravity model,at the same time,have same innovation on distance"d"of the gravity model,in the previous literature usually calculate the distance between the two countries use the capital of the two countries,but this is not reasonable,this paper calculate the distance between five provinces which average GDP is top five in China since 5 years,and each country's capital,Calculate the weighted average distance for the final distance between our country and the country.Study on the effect of institutional factors on the regional distribution of foreign investment in our country,it has very important the oretical significance and practical significance.First of all,the countries along the"One belt,one road"is numerous,this paper mainly take the"new Eurasian Continental Bridge"as an example,in-depth analysis,offer corresponding reference to the research of other countries or regions along the"One belt,one road";secondly,based on the institutional factors,location choice of China's foreign investment,no matter is the strategic implementation process in "One belt,one road"in the future,or in other investment activities,can be applied to the conclusion of this paper,in consideration of the system factors,more scientifically formulate foreign investment strategy.Foreign direct investment of enterprises in our country starts late,the small scale,lack of absolute advantage,this paper argues that in order to promote foreign investment in China,the regional distribution of rationality to promote foreign investment of Chinese enterprises to maximize the benefits,Chinese enterprises in foreign investment in the process,the choice of investment environment is particularly important.If you choose the suitable host,a good investment and business environment,Chinese enterprises will take its advantages,in host country operations can achieve expected benefits and effectiveness of,for the future in the international production layout to lay the foundation.Through theoretical analysis and empirical test,the corresponding policy recommendations from two angles of government and enterprise,hoping to provide help for our country in the future.