{"title":"FDI流入与城市群经济增长——来自中国长江经济带的证据","authors":"Yang Liu, Jing Li, L. Lei, Lingli Xiao","doi":"10.1080/13547860.2022.2068825","DOIUrl":null,"url":null,"abstract":"Abstract This study investigates the impact and transmission mechanism of foreign direct investment (FDI) inflows on the economic growth of city clusters. Via theoretical analysis, a spatial Durbin model (SDM) and mediating effect model are applied based on panel data of the three major city clusters in the Yangtze River Economic Belt (YREB) from 1997 to 2018. The results reveal the following: (1) FDI inflows promote the economic growth of city clusters in the YREB, but the degrees of impacts on the three city clusters are different; (2) the spatial effects of FDI inflows differ across city clusters; the effects are negative in city clusters of the Yangtze River Delta and the Yangtze River Middle Reaches, and positive in the Chengdu-Chongqing city cluster; (3) urbanization and industrial structure upgrading are two important mechanisms by which FDI inflows promote the economic growth of city clusters. However, there are differences among the three major city clusters; the intermediary effect of urbanization is more significant in city clusters of Chengdu-Chongqing and the Yangtze River Middle Reaches, while the intermediary effect of industrial structure upgrading is more significant in the Yangtze River Delta and Chengdu-Chongqing city clusters. Policy implications are proposed accordingly.","PeriodicalId":46618,"journal":{"name":"Journal of the Asia Pacific Economy","volume":"27 1","pages":"470 - 494"},"PeriodicalIF":1.4000,"publicationDate":"2022-05-07","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":"{\"title\":\"FDI inflows and the economic growth of city clusters: evidence from China's Yangtze River Economic Belt\",\"authors\":\"Yang Liu, Jing Li, L. Lei, Lingli Xiao\",\"doi\":\"10.1080/13547860.2022.2068825\",\"DOIUrl\":null,\"url\":null,\"abstract\":\"Abstract This study investigates the impact and transmission mechanism of foreign direct investment (FDI) inflows on the economic growth of city clusters. Via theoretical analysis, a spatial Durbin model (SDM) and mediating effect model are applied based on panel data of the three major city clusters in the Yangtze River Economic Belt (YREB) from 1997 to 2018. The results reveal the following: (1) FDI inflows promote the economic growth of city clusters in the YREB, but the degrees of impacts on the three city clusters are different; (2) the spatial effects of FDI inflows differ across city clusters; the effects are negative in city clusters of the Yangtze River Delta and the Yangtze River Middle Reaches, and positive in the Chengdu-Chongqing city cluster; (3) urbanization and industrial structure upgrading are two important mechanisms by which FDI inflows promote the economic growth of city clusters. However, there are differences among the three major city clusters; the intermediary effect of urbanization is more significant in city clusters of Chengdu-Chongqing and the Yangtze River Middle Reaches, while the intermediary effect of industrial structure upgrading is more significant in the Yangtze River Delta and Chengdu-Chongqing city clusters. Policy implications are proposed accordingly.\",\"PeriodicalId\":46618,\"journal\":{\"name\":\"Journal of the Asia Pacific Economy\",\"volume\":\"27 1\",\"pages\":\"470 - 494\"},\"PeriodicalIF\":1.4000,\"publicationDate\":\"2022-05-07\",\"publicationTypes\":\"Journal Article\",\"fieldsOfStudy\":null,\"isOpenAccess\":false,\"openAccessPdf\":\"\",\"citationCount\":\"0\",\"resultStr\":null,\"platform\":\"Semanticscholar\",\"paperid\":null,\"PeriodicalName\":\"Journal of the Asia Pacific Economy\",\"FirstCategoryId\":\"96\",\"ListUrlMain\":\"https://doi.org/10.1080/13547860.2022.2068825\",\"RegionNum\":4,\"RegionCategory\":\"经济学\",\"ArticlePicture\":[],\"TitleCN\":null,\"AbstractTextCN\":null,\"PMCID\":null,\"EPubDate\":\"\",\"PubModel\":\"\",\"JCR\":\"Q3\",\"JCRName\":\"ECONOMICS\",\"Score\":null,\"Total\":0}","platform":"Semanticscholar","paperid":null,"PeriodicalName":"Journal of the Asia Pacific Economy","FirstCategoryId":"96","ListUrlMain":"https://doi.org/10.1080/13547860.2022.2068825","RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q3","JCRName":"ECONOMICS","Score":null,"Total":0}
FDI inflows and the economic growth of city clusters: evidence from China's Yangtze River Economic Belt
Abstract This study investigates the impact and transmission mechanism of foreign direct investment (FDI) inflows on the economic growth of city clusters. Via theoretical analysis, a spatial Durbin model (SDM) and mediating effect model are applied based on panel data of the three major city clusters in the Yangtze River Economic Belt (YREB) from 1997 to 2018. The results reveal the following: (1) FDI inflows promote the economic growth of city clusters in the YREB, but the degrees of impacts on the three city clusters are different; (2) the spatial effects of FDI inflows differ across city clusters; the effects are negative in city clusters of the Yangtze River Delta and the Yangtze River Middle Reaches, and positive in the Chengdu-Chongqing city cluster; (3) urbanization and industrial structure upgrading are two important mechanisms by which FDI inflows promote the economic growth of city clusters. However, there are differences among the three major city clusters; the intermediary effect of urbanization is more significant in city clusters of Chengdu-Chongqing and the Yangtze River Middle Reaches, while the intermediary effect of industrial structure upgrading is more significant in the Yangtze River Delta and Chengdu-Chongqing city clusters. Policy implications are proposed accordingly.
期刊介绍:
Journal of the Asia Pacific Economy (JAPE) is concerned primarily with the developing economies within Pacific Asia and South Asia. It aims to promote greater understanding of the complex factors that have influenced and continue to shape the transformation of the diverse economies in this region. Studies on developed countries will be considered only if they have implications for the developing countries in the region. The journal''s editorial policy is to maintain a sound balance between theoretical and empirical studies. JAPE publishes research papers in economics but also welcomes papers that deal with economic issues using a multi-disciplinary approach. Submissions may range from overviews spanning the region or parts of it, to papers with a detailed focus on particular issues facing individual countries. JAPE has a broad readership, which makes papers concerned with narrow and detailed technical matters inappropriate for inclusion. In addition, papers should not be simply one more application of a formal model or statistical technique used elsewhere. Authors should note that discussion of results must make sense intuitively, and relate to the institutional and historical context of the geographic area analyzed. We particularly ask authors to spell out the practical policy implications of their findings for governments and business. In addition to articles, JAPE publishes short notes, comments and book reviews. From time to time, it also publishes special issues on matters of great importance to economies in the Asia Pacific area.