Study On The Influence Of Two-way FDI On Economic Growth In The Yangtze River Economic Belt

At present,the global economic environment has changed from recovery to economic slowdown,and economic and trade disputes and frictions between countries and regions have continued.The domestic economic development speed is slower than before,and the downward pressure on the economy continues to increase.China's economy is facing severe test.One belt,one road,one strategy,the positive and negative introduction of FDI and the development of foreign direct investment in China's economy,are playing an important role in the two direct investment of China's economy.The Yangtze River economic belt is one of China's key economic development strategies.With the continuous promotion of China's reform and opening up,as well as the support of national economic construction and policy support,the economy of the Yangtze River economic belt has developed rapidly,and the scale of "import" and "go global" is also expanding.Therefore,this paper analyzes the impact on the economic growth of the Yangtze River economic belt from the perspective of "import" and "go out" two-way FDI,so as to make it play a greater role in the future economic development of the Yangtze River economic belt.Taking the Yangtze River economic belt as the research object,this paper first defines the concept of economic growth and divides it into two aspects: economic scale and economic quality.Then it collects the relevant data of the Yangtze River economic belt,analyzes in detail the scale level,investment subject,investment region,industry distribution and investment mode of the two-way FDI in the Yangtze River economic belt,and compares the regional differences.Then,the paper analyzes the mechanism of the influence of two-way FDI on economic growth,and selects GDP and TFP as indicators to reflect economic growth,and establishes a panel data model.Then,we empirically analyze the impact of two-way FDI on economic scale and quality,as well as the interaction between IFDI and OFDI,and analyze the regional differences of the impact.The empirical results show that,on the whole,two-way FDI can promote the economic growth of scale and quality in the Yangtze River economic belt,and the interaction between IFDI and OFDI is also significant.At the same time,this kind of influence has regional difference,and the influence of two-way FDI on economic growth in the upper,middle and lower reaches is different.Finally,combined with the current situation of the Yangtze River economic belt and the results of empirical analysis,this paper puts forward corresponding countermeasures and suggestions on how to use two-way FDI more effectively to promote the economic growth of the Yangtze River economic belt.