Research On The Impact Of Outward Foreign Direct Investment On Urban Resilience

In 2021,China’s outward foreign direct investment(OFDI)flow ranked among the top three in the world for 10 consecutive years.With the continuous expansion of its economic scale,China’s integration into economic globalization has gradually deepened.While enjoying the development dividends brought by economic globalization,it also needs to bear the impact of external risks.The long-term rapid growth of OFDI is an important feature of China’s adherence to expanding its opening-up.The rapid development of OFDI in China has promoted the strategic layout of Chinese enterprises globally,promoting domestic industrial upgrading while learning advanced foreign technology and management experience,injecting new vitality into the development of the Chinese economy,but also increasing the possibility of being impacted by globalization risks.How will the ability of Chinese cities to withstand internal and external shocks be affected as local capital continues to flow out in large quantities? Can Chinese cities quickly recover from the impact?Can OFDI affect the resilience of Chinese cities and what is the path of its impact?These issues are worth studying.From the four dimensions of economy,society,ecology and infrastructure,the thesis selects 12 specific indicators to build a measurement index system of urban resilience,and selects the panel data of 272 prefecture level cities in China from 2008 to 2021 to study the impact of OFDI and its binary margin on urban resilience and its transmission mechanism.The main research results are:(1)On the whole,OFDI and its binary margin have a significant role in improving urban resilience,The effect of intensive marginal promotion on urban resilience is greater than that of extended marginal intensity.(2)From different periods,on the one hand,OFDI can significantly improve urban resilience during both the impact resistance period and the recovery adjustment period.On the other hand,the intensive margin of OFDI can significantly improve urban resilience during both the impact resistance period and the recovery adjustment period,while the expansion margin of OFDI can only improve urban resilience during the recovery adjustment period.(3)From a regional perspective,the OFDI and its binary margin in the central and eastern regions have a significant improvement effect on urban resilience,while in the western region,only the intensive margin can significantly promote urban resilience.(4)From the perspective of urban scale,whether for large or small cities,the contribution of OFDI intensive margin to urban resilience is significantly higher than that of expansion margin;The OFDI intensive margin in large cities has a higher impact on enhancing urban resilience than in small and medium-sized cities,while the OFDI expansion margin in small and medium-sized cities has a higher impact on enhancing urban resilience than in large cities.(5)From the perspective of action path,through the mesomeric effect test,OFDI improves urban resilience by enhancing local technological innovation capability,improving local industrial structure and promoting the integration of local industrialization and urbanization(hereinafter referred to as "industry city integration"),of which the mesomeric effect of industry city integration is more prominent.The thesis expands the research content of urban resilience,providing evidence and ideas for guiding outward direct investment in a reasonable and orderly manner,avoiding the problem of "industrial hollowing out" in developing countries,and enhancing the resilience of local cities.