Impact Of FDI On The Value Added Of China's Export Trade

With the rapid development of global integration,more countries are actively integrated into the global value chain system,and the division of specialization among countries is deepened and detailed to the process level.This value added of trade can better reflect the contribution and profitability among different countries.At the same time,foreign direct investment(FDI)has now become an important part of the economic development strategy of many countries.Many countries at the stage of economic restructuring have made it their priority to guide the entry of foreign businessmen into the government economy.In-depth analysis of the factors influencing the value-added rate and its channels of action are of great practical significance for the rational use of foreign direct investment in raising the value-added rate of our country and enhancing our country's trading status in the world.This paper systematically studies the impact of FDI on the value-added rate of export trade by introducing cross terms and marginal effects.Based on the data of Chinese industrial enterprises and customs from 2000 to 2006 and the micro-measures of Kee&Tang(2013)General and mixed trade,taking into account the problems of trade agents to measure the value-added rate.Tobit regression model is used to compare and analyze the effect of FDI on the value added rate of export trade from the aspects of trade mode,enterprise ownership type and technical content.Finally,by introducing cross terms and marginal effects.According to the result of the measurement,this paper deeply analyzes the impact mechanism of FDI on the value added rate of export trade,and provides reference for raising the added value of China's trade and how to make better use of foreign investment.The findings are as follows:(1)The value-added rate of China's export trade generally shows an upward trend.(2)The entry of FDI is an important factor to increase value added.R & D investment,export scale and government subsidies have a positive effect on the value-added rate,while human capital has an inhibitory effect on it.(3)The mechanism test of introducing crossover and marginal effects on the impact shows that the scale of R & D investment and export is the main channel ofFDI impact on the rate of value added,while the cross terms between the two enhance the value added of export trade to a certain extent Of the degree of promotion,and foreign direct investment and R & D investment cross-impact is greater.The cross term between FDI and human capital has a significant negative impact on the DVAR of enterprises and does not alleviate the inhibitory effect of human capital on DVAR.Therefore,under the environment of global value chain,our country should continue to utilize the economic benefits brought by the entry of foreign capital,implement the selective foreign investment policy,create a fair market environment and increase the introduction of foreign capital.This is an effective way to enhance the added value of China's export trade.