Research On The Contribution Of FDI To The Output Growth Of China’s Information Service Industry

With the adjustment of the world industrial structure and the improvement of investment policies of various countries,the service industry will attract more and more foreign direct investment.Information technology has been used more and more in recent years.The advantage of the information service industry is that the economic benefits and environmental protection effects are relatively good.More importantly,it has a higher degree of relevance to other industries.Therefore,it has become an emerging industry that attracts foreign direct investment.Foreign direct investment has an important impact on the overall level of China’s information service industry and the growth of output.Therefore,studying the mechanism of FDI’s contribution to the growth of information service industry output and the influencing factors of FDI can not only understand the mechanism of the contribution of service industry output growth and the influencing factors of FDI from the theoretical perspective.,but also it is easy to enhance the contribution of FDI to the growth of information service industry output from a practical perspective,and at the same time better attract FDI.This paper first summarizes relevant theoretical and empirical research on FDI and information service industry at home and abroad,defines related concepts,and conducts mechanism analysis.Afterwards,a descriptive statistical analysis was carried out on the development of FDI and information service industry.The results show that the development of China’s information service industry is uneven.The focus of China’s FDI has shifted from the east to the central and western regions,and the focus of the eastern,central and western regions.There is also a trend in this shift,and FDI is unevenly distributed within the information services industry.This paper first summarizes the relevant theoretical and empirical research on FDI and information service industry at domestic and abroad,and defines related concepts.Then,the trajectory of center of gravity shift of China’s FDI from 1998 to 2015 is described and analyzed,which can clarify the distribution of FDI in China.The results show that the center of gravity of China’s FDI shifts from the east to the central and western regions,and the shift of the center of gravity in the eastern,central and western regions also has this trend.In order to clarify the factors affecting the FDI,this paper analyzes the factors affecting FDI and selects important factors to build five important influencing factors: education level,industrial agglomeration level,market size,labor cost,Coastal location advantage,and the Tobit model is established for the limited dependent variable of regional use ratio of FDI.At the national level,it is concluded that education level,industrial agglomeration level,market size,labor cost,coastal location advantage are positively correlated with regional use ratio of FDI,while labor cost The growth inhibits the inflow of FDI,the effects of various factors are slightly different at the regional level.Through the construction of regional use ratio of FDI,the level of internet infrastructure construction,industrial structure optimization level,workforce employment level,and urbanization level,the five variables were used to conduct empirical research based on panel data from 2004 to 2014 to analyze foreign direct investment to the growth of output of national and regional information services.The results show that at the national and regional levels,foreign direct investment has made a significant contribution to the growth of China’s information services industry output,with the contribution of the eastern region being negative,and the results are contrary to the theory.At the national level,the level of internet infrastructure construction and industrial structure optimization level have a significant positive impact on the output growth of the information service industry.Workforce employment level and urbanization level have a significant negative impact,and the impact of various control variables at the regional level are different.Based on the above analysis results,this paper proposes relevant policy recommendations and looks forward to future research.