The Influence Of Institutional Factors On The Quality Of FDI Introduction

With the deepening of globalization makes international direct investment(FDI)an important factor in promoting economic and social development.As an international introduction of foreign direct investment,China has benefited from the introduction of foreign capital.However,due to the pressure of resources and environment,by expanding the number of investment to promote economic development more and more seem to be stretched.Through the upgrading of the quality of investment to break the bottleneck of development is an effective way to solve this problem.The research on the quality of attracting has started from the "hard environment" level of economic foundation and infrastructure,and the good progress has been made.However,the research on "soft environment" of institutional factors is still lacking.Institutional factors have a very important impact on the quality of foreign direct investment.However,the institutional factors are more difficult to quantify the characteristics of the previous articles are mostly qualitative research.Trying to implement abstract institutional factors into a specific measure is a breakthrough in research.In order to analyze the influence of institutional factors on the introduction of foreign direct investment,this paper chooses the market factors of market economy system,enterprise legal adviser system,government control system and enterprise environmental management system.research.At the same time,the paper introduces the quality of FDI,the quality of foreign investment enterprises,the technical level of foreign-funded enterprises and the capital intensity of foreign-funded enterprises to measure the quality of FDI introduction,analyze the quality of investment and analyze the influence of institutional factors on the quality of investment.Through the internal mechanism of institutional factors to analyze the mechanism of the introduction of the mechanism of FDI and the establishment of mathematical models to derive its impact.The results of mathematical derivation show that the non-discriminatory short-term preferential policies will lead to an increase in the proportion of small-scale enterprises,which is not conducive to the improvement of the quality of FDI introduction.Want to really improve the quality of investment,it is necessary to improve the long-term investment system environment for foreign investors to create a good investment space.Based on the statistical data of 30 provinces in China from 2006 to 2015,the article first introduces a number of FDI introduction quality indicators into a comprehensive index,and then uses the static panel data model and the dynamic panel model system GMM method to carry on the empirical analysis.The empirical results show that the free market economy system,perfect legal system,strict environmental protection system,and loose government regulation are conducive to the promotion of the quality of investment.Finally,on the basis of theoretical and empirical,how to improve the quality of FDI to introduce countermeasures and suggestions.Specifically should be: The information into the open,implement differentiation preferential policies;Improve the system of market economy,plays a decisive role for the allocation of resources;Building the rule of law society,maintaining the rights and interests of enterprises;Reform of administrative system,simplify administrative procedures;Adhere to the environmental protection system,raise the cost of pollution.