The Impact Of FDI And Human Capital Oil Income Convergence

Since the reform and opening up,China's economy has continued to develop steadily and the people's living standards have improved significantly.However,due to the different economic foundations of geographical environment,resource endowment,and humanistic quality,there is still a large gap in income levels between provinces.The economic growth of China's various regions has always been accompanied by the development of foreign direct investment.The introduction of FDI has brought some capital accumulation to our country,and importantly has brought foreign advanced technology and competitiveness.In many regions,the expansion of foreign investment is the primary goal of developing regional economies and catching up with developed regions,but in the long run,the country's stable development lies in its own comprehensive strength,and a country's technological progress is driven by its independent innovation And imitative innovation.The majority of scholars have a lot of theoretical research and empirical analysis,and believe that the difference in the magnitude of FDI technology spillover lies in the host country's ability to absorb FDI,that is,foreign direct investment as a key factor to stimulate endogenous imitation innovation;in turn,FDI through technology spillover To promote human capital accumulation.For the purpose of reducing regional economic differences and coordinating the coordinated development of regional economies,the effects of FDI and human capital on income convergence are studied.For the empirical evidence of income convergence,this paper collects and collects real GDP data of 31 provinces and cities in China from 2000 to 2017.Firstly,the distribution characteristics of per capita income between the whole country and the province are depicted,which shows that the per capita real GDP of each province maintains a high average growth rate,but the inter-provincial income gap is still large;secondly,the empirical income convergence characteristics from the time dimension,The results of the study show that the income types of GDP per capita in most provinces have changed for a long time:low income types tend to have higher upward transfer probability,and high income types have higher downward transfer probability,but they do not appear.The change in the type of income shows that the inter-provincial per capita income in China does not show regional solidification or deepening.That is to say,low-income areas are more likely to achieve sustained economic growth,and middle-income areas are relatively less liquid.According to the steady-state distribution,China's inter-provincial per capita GDP distribution has the characteristics of convergence to middle-income types.From the perspective of long-term development trend,the proportion of low-income types and high-income types is decreasing,mainly in middle-income types;The spatial dimension is added to explore the dynamic changes of per capita GDP in each province under the influence of certain economic development level in the neighborhood.The analysis results show that the inter-provincial per capita GDP in China shows different evolution trends under different types of lagging space,and presents The low-low,high-high-related regional patterns,but the spatial pattern of this type of agglomeration is very slow,indicating that the inter-provincial per capita income still lacks an effective coordinated development mechanism.A study of the impact of the interaction between FDI and human capital stocks on economic growth.Firstly,under the premise of income convergence,the effects of different FDI and human capital stocks on income convergence are discussed separately.The results show that high FDI and high human capital can accelerate the process of income convergence,that is,high FDI and high human capital stock can Driven by regional economic growth,the probability of an upward shift in low-income types increases,and the proportion of low-income types in steady-state distribution is also greatly reduced;Secondly,the interaction mechanism between FDI and human capital is tested.The results of FDI and human capital have a positive effect on per capita GDP,but the partial impact of FDI on inter-provincial per capita GDP can be realized through the intermediary variable of human capital.That is,the technology spillover effect of FDI is based on the scale of human capital stock;Finally,the interaction between FDI and human capital is discussed.The results show that the combined effect of FDI inflows and increased human capital stocks can promote long-term economic growth in each province.That is to say,in the introduction of FDI,we must also pay attention to the accumulation of human capital stocks,so as to better absorb the spillover effects brought by FDI.This research has important theoretical and practical significance for the rational and accurate introduction of foreign capital in different regions and the coordination of material capital investment and human capital investment.The innovation of the article mainly includes the following three aspects:First,from the research level,from the perspective of per capita income,the dynamic evolution of inter-provincial per capita income is measured.The perspective of the investigation includes two dimensions:time and space.Convergence test of per capita income;Secondly,from the research framework,consider the impact of FDI and human capital on per capita income,and based on the test results of FDI and human capital interaction mechanism,explore the synergy between FDI and human capital for income convergence.Thirdly,from the perspective of research methods,the combination of convergence theory,Moran's I index and Markov chain analysis can reflect the internal dynamic evolution of inter-provincial GDP per capita and predict future trends,while reflecting FDI and The interaction between the stock of human capital affects the evolution of income convergence.The shortcomings of the article are mainly reflected in two aspects:First,based on the data accessibility and integrity,the data from 2000-2017 is selected,and the timeliness is slightly lacking.Second,this paper only examines the FDI under the provincial dimension.The impact of the interaction between human capital and income on income convergence,that is,empirical research only at the traditional provincial and municipal levels,but not for comparative analysis of prefecture-level or even district-level,for deeper relationship research In the initial exploration.