Xiong Jiacai, Chen Linghong
School of Accounting, Jiangxi University of Finance and Economics, Nanchang, China.
Front Psychol. 2022 Oct 24;13:999953. doi: 10.3389/fpsyg.2022.999953. eCollection 2022.
Because of China's tremendous increase in foreign direct investment (FDI) over the past two decades, this method of internationalization has become increasingly significant for companies worldwide. Heavy industry's dominant role in China's industrial structure must be modernized to ensure the country's long-term growth and prosperity. There are 30 provinces in China covered by this dataset, which dates back from 2005 to 2018. Augmented mean group (AMG) and common correlated effects mean groups (CCE-MG) estimations demonstrate that China's industrial upgrading and resource allocation considerably impact FDI inflows. The findings show that FDI inflows appear to be negatively affected by environmental rules. The results show that industrial upgradation and environmental regulations have not had the expected effect on FDI in China without the participation of other stakeholders. For the selected panel, the results from the control variable show that population aging reduces foreign direct investment inflows, whereas, economic growth increases FDI inflows. According to our findings and those of the empirical study, we make some policy proposals to help Chinese provinces attract more foreign direct investment by encouraging and upgrading the screening of such investments.
在过去二十年里，由于中国的外国直接投资（FDI）大幅增长，这种国际化方式对全球公司来说变得越来越重要。中国工业结构中重工业的主导地位必须实现现代化，以确保国家的长期增长和繁荣。该数据集涵盖了中国的30个省份，时间跨度从2005年到2018年。增强平均组（AMG）和共同相关效应平均组（CCE-MG）估计表明，中国的产业升级和资源配置对外国直接投资流入有相当大的影响。研究结果表明，外国直接投资流入似乎受到环境规则的负面影响。结果显示，在没有其他利益相关者参与的情况下，产业升级和环境法规对中国的外国直接投资没有产生预期效果。对于选定的面板数据，控制变量的结果表明，人口老龄化会减少外国直接投资流入，而经济增长会增加外国直接投资流入。根据我们的研究结果以及实证研究的结果，我们提出了一些政策建议，以帮助中国各省份通过鼓励和优化此类投资的筛选来吸引更多外国直接投资。
