Empirical Analysis of Foreign Direct Investment and Its Influencing Factors: A Case Study of Henan Province
DOI:
https://doi.org/10.54097/4wta9y97Keywords:
Multiple Regression, Foreign Direct Investment, Influencing Factors, Empirical AnalysisAbstract
In recent years, the foreign direct investment attracted by Henan Province has been increasing and has become an important driving force of Henan Province's economic development, but the scale still has a large gap with developed provinces, the analysis of its influencing factors is beneficial to our further introduction of investment and future policy guidance. Based on theoretical analysis, this paper selects six variables as the influencing factors of FDI, including the scale of economic development, the state of economic development, labour cost, infrastructure level and trade policy orientation, and openness to foreign trade, etc. Using the time series data of Henan Province from 1995 to 2021, the relationship between FDI and the above six explanatory variables is empirically The results of the empirical study show that The empirical results show that the scale of economic development represented by GDP has a significant positive impact on FDI in Henan Province, while labour cost represented by regional per capita wage has a negative impact on FDI in Henan Province, while other factors do not have a significant impact on FDI.
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