Research On The Effect Of Fdi On Liaoning's Economic Growth And Industrial Structure

Since 1990s, foreign direct investment (FDI) has been developing to such a degree that it has been increasing faster than international trade in commodities and has become a main force to drive global economic growth. As the main pattern of international inflow of capital, FDI and its carriers, multinational corporations (MNC), are playing an increasingly important role in the world economy. How to estimate the impact of FDI on local economy objectively is an important issue in economics.As the window of northeastern China, Liaoning is also one of the earliest coastal provinces of opening to the outside in China. Since China opening to the world, Liaoning has made great achievements in using foreign direct investment. The inflow of FDI not only lightens capital shortage in the process of economic development and accelerates the rapidly growth of the export-oriented economy, but also makes citizen economy march to the triune developing way of industrialization, marketability and internationalization. With China entering into WTO and implementing the policy of revitalization of northeastern old industrial base, Liaoning is faced a new chance to attract more FDI. In this condition, we should not only deeply understand the level of economic development and the state of FDI in Liaoning province, but also need to analyze the relationship between economic growth and FDI and study systematically how FDI influences the economic growth, so as to give some empirical support and help to the adjustment of the policy of attracting foreign direct investment in future.This paper combines qualitative analysis with quantitative analysis, studys a great deal of the statistic information and vertical section time-serial data with comparative analysis and econometrics models. The essential content is as follows:1.On the basis of reviewing correlative domestic and overseas research, this paper introduces some theories about foreign direct investment and economic growth.2. Based on analyzing the structure of FDI, we analyze the development course and characteristic of FDI in Liaoning province as a whole, and put forward some problem that exists in using foreign capital.3. In the terms of econometrics test, we establish econometrics models to quantitatively analyze the impact of FDI on the growth of gross economy and industrial structure, and we also deeply analyze the impact of FDI on the inside structure of Liaoning's industry sector.4. Finally, some usefully suggestions in three different aspects are given to promote Liaoning province to attract and use FDI reasonably in the future.