| Since 1960 s,the emergence of transnational corporations has made the link between investment and trade more closely.The influence of FDI on the foreign trade growth and structural change of a country is becoming more and more obvious.Therefore,the relationship between the two studies,not only helps clarify a country's investment strategy and investment strategy for its own foreign trade growth and structural change of the relationship,more conducive to the harmonious development of a country's investment policy,trade policy and industrial policy.As a developing country,China not only has the capacity to invest as a mother country,but also has the capacity to invest in the host country.The dual investment identity has made China's investment strategy and investment strategy more complex and changeable in terms of trade growth and structural change.In recent years,China in terms of investment,foreign investment and foreign trade has achieved remarkable results,but there are also many problems,such as investment and industrial structure adjustment policy coordination,the scale effect of foreign investment,foreign trade was not big but not strong,there are many problems in the speed and quality,scale and benefit is not inconsistent coordination.Therefore,starting from the double identity investment perspective,clear mechanism of bidirectional FDI change on Chinese trade growth and structure and effect,so as to better play is particularly necessary bidirectional FDI put forward reasonable suggestions on foreign trade promotion.Based on the above research purposes,this paper studies the trade effect of two-way FDI mainly divided into two parts: first,two-way FDI on trade quantitative effects;two,two-way FDI on trade structure effect research.In the research method,we mainly use the method of combining theoretical analysis and empirical analysis.First,from the perspective of the investors and the host country,the paper analyzes the response mechanism of the direct investment to the trade quantity effect and the structure effect.Then,it analyzes the current situation of the two-way FDI and China's foreign trade and the possible quantitative relationship.Finally,the China from 1982-2016 years of foreign direct investment,foreign direct investment,import and export,industrial manufactured goods and primary products,the world per capita GDP,per capita GDP Chinese and RMB exchange rate of the relevant data,using cointegration test,vector error correction model and impulse response function analysis and measurement methods FDI,an empirical analysis of the impact on the number oftwo-way trade and Chinese effect structure effect size and direction.The quantitative effects of trade show that,in the long run,two-way FDI has positive effects on the growth of China's import and export trade.In the short term: two-way FDI on the growth of import and export trade Chinese showed the coexistence of substitution and complementary effects of the phenomenon;error correction model imported faster than the export model adjust speed.That is to say,when the import deviates from the long-term equilibrium,the rate of self-adjustment to equilibrium is faster than that of the export.The empirical study of the structural effects of trade shows that in the long run,FDI inflows have a reverse inhibitory effect on the optimization of China's trade structure,and a positive impact on the outflow of foreign direct investment.In the short term,the inflow of foreign direct investment on trade China structured apositive and negative double inhibition,while the outflow of foreign direct investment on trade structure optimization China Ren wil play a positive role in promoting.Conclusions based on empirical analysis,the conclusions of this study were to explain the possibility to some extent,and how to effectively boost the upgrade from two-way FDI Chinese foreign trade growth and structural transformation of the angle,puts forward some countermeasures and suggestions. |
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