Advances in Economics, Management and Political Sciences
- The Open Access Proceedings Series for Conferences
Advances in Economics, Management and Political Sciences
Series Vol. 78 , 18 April 2024
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The Impact of Guangdong’s Foreign Direct Investment on Innovative Development Based on Panel Data Analyses
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Abstract
Foreign Direct Investment (FDI), as one of the highest forms of transnational capital flows, can take a significant role in the process of economic development. The utilization of FDI to promote innovative development has therefore become more of an important topic. With the intention of uncovering whether or not and how the FDI can still have an impact on innovative development today, the paper studies the impact of Guangdong’s FDI on its innovative development by using data from 2010 to 2022 provided by the Guangdong Statistical Yearbook, statistical yearbooks of all Guangdong cities, Foshan Market Supervisory Authority official website, etc., performing a panel data analyses and revealing a statistically significant positive relation between the scale of FDI and innovative development, and a negative relationship between FDI’s export capacity, the indicator of the proportion of foreign investment in the manufacturing sector to total investment and innovative development. Hence, while emphasizing the scale of FDI, the government should also focus on enhancing the competitiveness of high-tech industries and promoting the transformation and upgrading of industrial structures.
Keywords
Foreign direct investment, innovative development, FDI quality
References
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4. Zou, J.H., H, Y.H. (2013) Transformation in Foreign Investment Attraction, Quality of FDI and Regional Economic Growth: An Empirical Analysis Based on Panel Data of the Pearl River Delta. Journal of International Trade, (07), 147-157.
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Data Availability
The datasets used and/or analyzed during the current study will be available from the authors upon reasonable request.
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- Volume Title
- Proceedings of the 3rd International Conference on Business and Policy Studies
- ISBN (Print)
- 978-1-83558-379-1
- ISBN (Online)
- 978-1-83558-380-7
- Published Date
- 18 April 2024
- Series
- Advances in Economics, Management and Political Sciences
- ISSN (Print)
- 2754-1169
- ISSN (Online)
- 2754-1177
- DOI
- 10.54254/2754-1169/78/20241658
- Copyright
- 18 April 2024
- Open Access
- This article is an open access article distributed under the terms and conditions of the Creative Commons Attribution (CC BY) license, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited