| At the threshold of the new century, the Chinese government launched the strategy of "Going Out for development", aiming at promoting the internationalization and outward direct investment of the Chinese enterprises. Toward this policy background, more and more Chinese enterprises are starting to internationalize their business which involves in the outward direct investment inevitably. The outward FDI can bring important influence on the economy of home country, which has been proved by some scholars through theoretical and empirical analysis. But about the influence of outward FDI on the trade structure of home country, there is little study in this area.Based on the relating study, our study concludes that the outward FDI can influence the trade structure of home country through two mechanisms: direct conduction mechanism and indirect conduction mechanism. And in the paper, we define the trade structure from three aspects: primary products, industry products and service. We take the service into account for its more and more important role in the world trade.Through the empirical analysis of the United States, Japan and China FDI, the main conclusion of the study is that the FDI of USA had influence on its trade structure, and the FDI do Granger Cause the trade structure. But the FDI of Japan had nothing to do with its trade structure. The empirical result of China shows that there is a stable long-term relationship between the outward FDI and the trade structure. But there is no Granger Causality between them.At last, our study proposed some suggestions for China's outward FDI. Such as the government should continue to support enterprises to go out to invest so that the scale of outward FDI can become larger. And on the larger scale the FDI can have big influence on the economy of home country .The government also should guide the enterprises to invest on some specific industry so that the FDI can affect the trade structure effectively. Besides, the government should pay attention to the private enterprises, to encourage them to go out. |
