The Impact of OFDI on Industrial Structure Upgrading under the Division of Global Value Chain
Empirical Test Based on Transnational Panel Model
DOI:
https://doi.org/10.54097/fbem.v6i1.2266Keywords:
Global value chain, Foreign direct investment, Industrial upgrading, Spatial Dubin model.Abstract
This paper selects the relevant data of indicators such as foreign direct investment and industrial upgrading of 41 economies from 2010 to 2020, first uses the spatial econometric model to calculate the high-quality economic development index of each economy in each year, then uses the Moran index to conduct a spatial autocorrelation test on the spatial aggregation of high-quality digital finance and economic development, and finally, selects variables and constructs a spatial Dubin model after a good interpretation, The regression model is used to empirically analyze the impact of foreign direct investment on the industrial structure upgrading of domestic and foreign economies, and the stability test is conducted. The results show that: (1) From 2010 to 2020, the high-quality development index of each economy showed an overall upward trend. (2) According to the benchmark regression results, it can be seen that the upgrading of industrial structure is affected by the foreign direct investment of economies, but the foreign direct investment of adjacent economies has no significant impact on the high-quality economic development of the region. Foreign direct investment can significantly improve the rationality of industrial structure. The rationalization of industrial structure has obvious spatial correlation.
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