FDI结构性转变是否促进经济增长

Does the structural change of FDI accelerate economic growth

随着经济结构日趋服务化,我国外商直接投资结构发生了深刻变化,外商直接投资逐步从制造业转向服务业。本文基于内生经济增长模型,运用系统GMM两步法,考察了FDI结构性转变对经济增长影响,并利用2004—2010年省级面板数据进行实证分析。研究结果显示:(1)FDI流向服务业有利于整体劳动生产率增长;(2)我国FDI的结构性转变对制造业劳动生产率的提升作用显著,对服务业生产率的促进作用尚未体现;(3)FDI结构变迁存在明显的地域差异,东部地区与西部地区FDI结构性转变对劳动生产率的促进作用显著。本文的研究为提高我国服务业发展绩效,优化产业结构以及经济增长方式的转型升级提供了可行路径,具有重要的理论价值和现实意义。

With the importance of service in global economy is becoming more and more obvious, the structure of FDI in China has undergone profound changes, indeed, actual use of foreign capital in service industry is more than that is in manufacturing industry. This paper adapts GMM estimation to examine whether shift of FDI from manufacturing to services accelerate China＇ s economic growth, based on the panel data of provincial branch. The empirical results reveal that： （ 1 ） The shift of FDI inflows from manufacturing to service industry are conducive to China＇s economic growth; （ 2 ） Industry test shows that FDI＇ s shift from manufacturing to service has the positive spillovers on manufacturing while it does not significant in service industry; （3）At the regional inspection, the growth effect of FDI structure change in eastern region and western region are positive; however the central region the correlation between them doesn＇ t pass the significance test. This paper has enlightenment significance for China to realize the update of industry structure and improve Current lagged situation of service industry.