Research on the Influence of FDI on Guangdong’s High-Quality Economic Development
Liu Cheyuan, Liu Maohua
School of Economics and Management
Guangxi Normal University Guilin, Guangxi, China
DOI: https://doi.org/10.54476/iimrj354
ABSTRACT
With the transition of China’s economy from the stage of rapid growth to the stage of high-quality development, the influence of the introduction of FDI on the high-quality development of regional economy has become more and more an issue to be discussed. This paper selects Guangdong Province as the frontier of China’s reform and opening up. Combining with the new development concept of innovation, coordination, green, development and sharing, the high-quality development system of Guangdong’s economy is constructed and the high-quality development index of Guangdong’s economy is measured by entropy weight method. On this basis, empirical analysis of FDI on the quality of Guangdong province’s economic development. Research shows that FDI can significantly promote the high-quality economic development of Guangdong, where technological progress and government intervention are important factors to promote the high-quality economic development of Guangdong, while industrial development hinders the high-quality economic development of Guangdong, urbanization has a positive role in promoting the high-quality economic development of Guangdong. However, the results were not significant. The results of quantile regression showed that for different levels of high-quality economic development, the promoting effect of FDI presented differences, specifically, with the improvement of the level of high-quality economic development, the promoting effect of FDI on high-quality economic development presented a gradual downward trend. Guangdong is in the important stage of the high-quality economic development to the objective and the role of FDI on Guangdong economy high-quality development, to distinguish the different economic development level of high-quality parts for the sensitivity of the FDI, specific aim ground is made science and Guangdong economy development stage of FDI into high-quality policy, to ensure high-quality economic growth is of great significance in Guangdong.
Keywords: FDI; High-quality economic development; Entropy method; Quantile regression