Research On The Impact Of China's Foreign Direct Investment Policy Driven On Industrial Productivity

Attracting foreign direct investment is an important part of China's promotion of opening to the outside world,and it is also the key to adapt to economic globalization and participate in global value chain.Chinese foreign direct investment scale to an all-time high in 2017,the year the increase of foreign investment enterprises 35652,a growth of 27.8% from the previous year,the absorption of foreign direct investment of $131.04 billion,ranked second in the world,second only to America.With the increasing of foreign investment,China's foreign investment environment,the structure of foreign capital industry and the regional layout of foreign capital are in a stable and favorable situation.On the one hand,the introduction of foreign capital brings with it the support of capital,technology and talents to promote the improvement of innovation ability and technology level of domestic enterprises,thus improving the productivity of the industry.On the other hand,we can better integrate the internal and external advantage resources,optimize the allocation of resources,promote the optimization and upgrading of industrial structure,and promote the good and fast development of our economy.In order to promote the higher level of opening-up,improve the quality and the maximum utility of foreign investment,the formulation and improvement of foreign investment policy is of symbolic significance.This article selects the China industrial enterprise database and the foreign investment industrial guidance catalogue data,the time span from 1998 to 2011,and the policy of the foreign direct investment industry productivity between the role of the study,mainly solving the problem of four aspects: Firstly,is there a positive relationship between foreign investment policy and investment behavior of foreign enterprises? Secondly,does foreign direct investment effectively promote the improvement of industry productivity? Thirdly,if so,does the policy factor affect this promotion? Fourth,What are the reasons for the further inquiry?First of all,this paper adopts the method of regression discontinuity,and concludes that the encouragement policy has a positive effect on attracting foreign enterprises' investment.Secondly,the empirical results show that foreign direct investment can effectively promote the improvement of industry productivity,and policy driven foreign direct investment has a greater impact on industry productivity.Finally,the method based on five parts FHK productivity solutions,found that foreign direct investment through enterprise internal effects and the effects of cross and net into effect to promote the productivity of our country industry upgrade,optimizing the resources distribution of the elements.This paper is divided into five parts: The first part introduces the background and significance of the research,the core concepts,relevant literature,research methods and the framework of this paper,and proposes the innovation and deficiency of this paper.The second part of the theoretical analysis,the main foreign direct investment,the policy drive and the technology spillover effect related research has done the literature collation,to build the theoretical pillar.The third part of the status quo analysis,mainly based on the scale,the main structure,industry distribution and regional distribution of level of generalization,thus to our country the status quo of foreign direct investment is a relatively clear comprehensive cognition,at the same time,provide data support for research and realistic basis.The fourth part is the empirical analysis,firstly,the relationship between the guidance catalogue of foreign investment industry and the investment behavior of foreign enterprises is tested by means of regression discontinuity.Secondly,the difference between the policy driven and non-policy-driven foreign direct investment in the industry productivity;Finally,FHK method is used to further explore the mechanism of foreign direct investment in industry productivity.The fifth part conclusion and policy recommendations,mainly on the above theoretical analysis and empirical results summarization,carding important conclusions of this paper,and based on this,advances some policy suggestions about the development of the introduction of foreign investment in China.