Study Of Liaoning's Two-way FDI On Economic Growth Effect

FDI is a approach for a area to participate in the global economy,join the industrial chain division,and adjust the industry structure.Chinese two-way FDI continues to expand with the rapid development of the economy,and OFDI and IFDI become the second largest and third largest in the world in 2017.One belt One road strategy provides a good platform for China to carry out IFDI and OFDI,and with the deepening cooperation with the along countries,there will be more and more bilateral investment opportunities.As the most economically developed and the largest Province in Northeast China,Liaoning two-way FDI not only scale is small,the development unbalance,but growth is slow,and economic growth showed a downward trend.The thesis researches the impaction economic growth from the perspective of two-way FDI,analyzes impact on economic scale and economic quality,enables two-way FDI to play a greater role in promoting economic growth in Liaoning Province,and provides guidance for the implementation of two-way FDI in Liaoning Province.The thesis firstly defines the concept of two-way FDI and economic growth,two-way FDI includes OFDI and IFDI,and economic growth includes economic scale and economic quality.It Analyses three FDI related theories,including Monopolistic Advantage Theory,Product Life Cycle Theory,Internalization Theory and The Eclectic Theory of International Production.The mechanism of action of two-way FDI on economic size and economic quality is also studied.Then the thesis respectively analyzes the current situation of Liaoning two-way FDI from the scale,industry country and countries,also compares the differences between OFDI and IFDI,founding that OFDI scale is small in Liaoning,and main investment developed countries,and main investment services industry.The current situation of two-way FDI and economic scale is researched,founding that growth trend of the two-way FDI and GDP and investment were roughly the same.The current situation of two-way FDI and economic quality is studied,founding that the growth trend of OFDI and TFP was consistent,and IFDI and TFP tended to be the same after 2009.And lastly The thesis selects GDP as an indicator to empirically analyze the impact of two-way FDI on the economic scale by time sequence model,and selects total factor productivity and industrial structure as indicators,respectively using multivariate linear equations and Chenerine's "standard structure" industry change model to empirically analyze the impact of two-way FDI on economic quality.The thesis mainly got three conclusions: two-way FDI has a positive effect on the expansion of economic scale in Liaoning Province,but IFDI has a greater effect on the expansion of the economic scale than NFDI,two-way FDI promotes the increase of total factor productivity in Liaoning Province and can promote the improvement of the quality of economic growth,two-way FDI promotes the rationalization and heightening of the industrial structure in Liaoning Province,but the effect of OFDI is less than IFDI.Three revelations are drawn,promoting economy scale by enlarging two-way FDI,using two-way FDI to promote total factor productivity,and strengthening the role of two-way FDI in rationalizing and heightening industrial structure.