Research On Influencing Factors Of International Engineering Contracting In China

With the further development of economic globalization,international engineering contracting as an important part of international economic co-operation has received more attention from all over the world.Different countries and areas actively explore economic cooperation opportunities on the basis of the international engineering contracting industry,using the characteristics of international engineering contracting industry to drive the movement of production factors,such as technology and management experience in communication,the transfer of human resources and natural resources,etc.,giving full play to its comparative advantage,seeking mutual complementary advantages to contract and construct projects.In addition,with the expansion and development of the international engineering contracting market,the competition of international market is becoming sharper and sharper.In order to protect domestic market and maintain competitive advantages of the contractor,part of countries set up various types of tariff barriers and non-tariff barriers,and improve the project quality inspection standards and engineering requirements.International authoritative institutions are becoming strict for engineering contracting business qualification certification and examination.From the view of the current development situation,our foreign project contracting develops rapidly.Completed turnover and new signing contracts can be high growth,but in terms of quality and layout of industry and regional is still inadequate.When entering European and American markets,engineering contracting companies often encounter in the technical and legal restrictions.Based on considerations of the development background of international engineering contracting industry,strengthen research on influence factors of international engineering contracting industry of our country has certain necessity and practical significance.Fully understanding the influencing factors of international engineering contracting in our country is conducive to the further development and preparing for better development.On the basis of the research status of the field at home and abroad,this paper combs the research scope and conclusions of international engineering contracting industry.This paper analyzes the research status of the field at home and abroad and combs the research scope and conclusion of international engineering contracting industry using the literature analysis,founding the study of the international engineering contracting having a long history and including the competitive analysis,problem analysis,risk prevention and other aspects.Then the paper introduces the relevant theories of engineering contracting.The Dengning's theory of international production compromise has important guiding significance.Then starting from the reality of our country,this paper introduces the development of our foreign project contracting,such as industry distribution,market distribution and regional distribution and other several aspects,especially the opportunities and challenges companied by "One Belt And One Road" strategy for Chinese international engineering contracting industry.This paper has carried on the theoretical analysis and empirical analysis for the influencing factors of international engineering contracting industry in our country by using diamond model.The theory analysis part mainly considers the economic development theory,labor migration theory,the exchange rate transmission mechanism and so on.The empirical analysis part mainly makes stationarity test,cointegration test,and multicollinearity analysis for various indicators in 1995-2014 time series data.In order to better grasp the explanation of the explained variables,the paper makes the multivariate regression and granger causality test for some variables after selected.Finally,on the basis of the above analysis,this paper puts forward the relevant policy recommendations,and points out that our government should provide a perfect system and good macro environment and international engineering contracting chamber of commerce should strengthen the supervision and administration of the market and play a role of bridge itself.At the same time the enterprise itself should also strengthen the personnel management and optimize the composition of the contracting market.All parties should cooperate together and jointly promote the development of international engineering contracting industry.