An Empirical Study on Japans Outward Foreign Direct Investment and Industrial Structure Upgrading
This paper analyzes Japans outward foreign direct investment and its domestic industrial structure upgrading. The Granger causality test results indicate that Japans outward FDI does help explain the changes of the proportion of Japans second industry and the tertiary industry, but couldnt help explain the changes of the proportion of the first industry. The co-integration test results indicate that there are long-term equilibrium relationship between Japans outward investment and its first, second and tertiary industry respectively. Vector Error Correction estimation indicates that the shortterm correction will be conducted with a stable speed to draw back any diversion of the co-integration equilibrium, which shows that there is a long-term relationship between Japans outward FDI and its industrial structure upgrading, and there is a correction mechanism functioning well in the process. From the analysis, we can see that Japans experience is good for Chinas references. Chinese government should greatly encourage Chinese enterprises outward investment and thus upgrade the domestic industry.
Outward FDI Industrial structure upgrading Vector error correction
REN Liang LI Bing
School of Economics and Management Shenyang Ligong University, Shenyang. P.R. China, 110159 School of International Trade Shandong Economic University, Jinan, P.R. China, 250014
国际会议
2010 International Conference on Public Administration(6th)(2010 第六届公共管理国际会议)
澳大利亚堪培拉
英文
853-857
2010-10-22（万方平台首次上网日期，不代表论文的发表时间）