A Research On The Introduction Of FDI In Shijiazhuang

Along with the deepening of international division of Labour and the trend of economic globalization,economic cooperation between countries is to futher enhanced,FDI plays a more and more important role in economic development.As an important way of international capital flows,FDI also promote the development of the host country's economy and the investment environment when it pursuit profit.Many countries have a positive attitude towards FDI,especially developing countries.Due to lack of funds,backward technology,many developing countries put FDI as one of the important ways to promote the economic growth.Since the reform and opening,the introduction of FDI to our country play a role in promoting economic growth,at present our country have created a good environment for the introduction of FDI in infrastructure construction,establishment of the environment of market,policies and regulations and the training of human resources and so on.As an inland city in the north,Shijiazhuang has a short history in FDI,and there is a big gap in FDI quality and efficiency compared with the coastal open cities,but with the policy adjustment and the optimization of investment environment,since 1984,FDI has added in Shijiazhuang,and its impact to GDP has been enhanced.Shijiazhuang was approved to enjoy the coastal open cities in the policy in July 1992,and the city began to exploring the way of attracting FDI:established Shijiazhuang FDI authority in 1994,established the foreign complaints coordination center in 1996,established Shijiazhuang arbitration commission of FDI in 1998 in;Held the province's foreign economic and trade fair on May 18 every year,participate in national and local organizations international fair not on a regular basis,all of this have laid a foundation for Shijiazhuang to attract FDI.With the implementation of the strategy of integration of the Beijing-Tianjin-Hebei,as the provincial capital of Hebei and the important supporting point to link Beijing and Tianjin,Shijiazhuang is trying to create "the capital economy vice center",it is necessary to study the relationship between FDI and economic growth,it can not only provide the reference suggestion in adjusting the relevant policies and optimizing the investment environment for government,but also provide reference for enterprise.The main content of this paper is divided into five parts:The first part is the introduction.This part first introduced the background and research significance of the paper,then start to review in three parts:the relationship between FDI and economic growth,FDI regional economic role analysis and FDI's motivation.The second part is relevant theories reviewed.This section summarized and expounded FDI theory at home and abroad,laid theoretical basis for this article.The third part is the study of FDI's current situation in Shijiazhuang.This part firstly analysis Shijiazhuang's FDI scale,investment way,industrial distribution,regional distribution and the source structure,in terms of investment scale and investment way,this part selects the statistics from 2000 to 2014 of Shijiazhuang,count the feather of FDI in these two parts;In term of industry distribution,regional distribution and source structure,this part selects the statistics from 2010 to 2014 of Shijiazhuang,analysis the feature of FDI in these three parts,then summarizes the characteristics,found the problem and analyze the reason.The fourth part is the empirical analysis on the impact of FDI to economic growth.This part firstly use theSolow model to make regression with capital in the province,FDI and labor;then study the indirect effects of FDI to GDP through energy consumption of per unit GDP and export;finally summarizes the problem and shortage in the impact of FDI to economic growth.The fifth part is the conclusion and suggestions.The conclusion mainly includes:Shijiazhuang's FDI status analysis showed that FDI scale is small and its economic contribution is limited;The investment way is simple,mainly on Sino-foreign joint venture;FDI mainly concentrated in the second industry,cause industrial distribution imbalance;Investment area mainly concentrated in urban areas,less investment for subordinate counties and county-level cities;Investor is given priority to Asian and Latin American countries,developed countries' FDI is small.Empirical analysis shows that FDI growth 1%,drive the economic growth 0.11%,compared with the coastal cities,the facilitation is small,The suggestion mainly includes:optimizing FDI environment,expand the scale of investment;Guide the direction of FDI,improving the quality of capital;Train professional talents,improve the quality of staff;speed up the development of local enterprises,improve ability to cope with FDI.The possible innovation of this paper:through empirical study,found FDI growth 1%,GDP growth 0.11%;Moreover,FDI can also indirectly impact GDP by reducing energy consumption per unit GDP;but FDI has inhibition on exports,FDI increase 1%,exports reduce about 0.16%.The deficiency of this article:(1)data acquisition limit.Related data of statistical yearbook and government information website is missing,seriously affected the FDI data acquisition of Shijiazhuang.