Impact of Two-Way FDI on the Industrial Structure in Shandong Province Under the Background of “New and Old Kinetic Energy Conversion” | Proceedings of Business and Economic Studies

<!DOCTYPE html> <html lang="en-US" xml:lang="en-US"> <head> <meta charset="utf-8"> <meta name="viewport" content="width=device-width, initial-scale=1.0"> <title> Impact of Two-Way FDI on the Industrial Structure in Shandong Province Under the Background of “New and Old Kinetic Energy Conversion” | Proceedings of Business and Economic Studies </title> <meta name="generator" content="Open Journal Systems 3.1.2.0"> <meta name="gs_meta_revision" content="1.1"/> <meta name="citation_journal_title" content="Proceedings of Business and Economic Studies"/> <meta name="citation_journal_abbrev" content="1"/> <meta name="citation_issn" content="2209-265X"/> <meta name="citation_author" content="Zhiqing Xia"/> <meta name="citation_author_institution" content="School of Finance, Qilu University of Technology, Jinan 250353, Shandong Province, China"/> <meta name="citation_author" content="Ge Song"/> <meta name="citation_author_institution" content="School of Finance, Qilu University of Technology, Jinan 250353, Shandong Province, China"/> <meta name="citation_author" content="Zahid Hussain"/> <meta name="citation_author_institution" content="School of Finance, Qilu University of Technology, Jinan 250353, Shandong Province, China"/> <meta name="citation_title" content="Impact of Two-Way FDI on the Industrial Structure in Shandong Province Under the Background of “New and Old Kinetic Energy Conversion”"/> <meta name="citation_date" content="2022/10/26"/> <meta name="citation_volume" content="5"/> <meta name="citation_issue" content="5"/> <meta name="citation_firstpage" content="153"/> <meta name="citation_lastpage" content="157"/> <meta name="citation_doi" content="10.26689/pbes.v5i5.4448"/> <meta name="citation_abstract_html_url" content="https://ojs.bbwpublisher.com/index.php/PBES/article/view/4448"/> <meta name="citation_language" content="en"/> <meta name="citation_keywords" xml:lang="en" content="New and old kinetic energy conversion"/> <meta name="citation_keywords" xml:lang="en" content="Foreign direct investment"/> <meta name="citation_keywords" xml:lang="en" content="Industrial structure transformation"/> <meta name="citation_pdf_url" content="https://ojs.bbwpublisher.com/index.php/PBES/article/download/4448/3871"/> <link rel="schema.DC" href="http://purl.org/dc/elements/1.1/" /> <meta name="DC.Creator.PersonalName" content="Zhiqing Xia"/> <meta name="DC.Creator.PersonalName" content="Ge Song"/> <meta name="DC.Creator.PersonalName" content="Zahid Hussain"/> <meta name="DC.Date.created" scheme="ISO8601" content="2022-10-26"/> <meta name="DC.Date.dateSubmitted" scheme="ISO8601" content="2022-10-20"/> <meta name="DC.Date.issued" scheme="ISO8601" content="2022-10-31"/> <meta name="DC.Date.modified" scheme="ISO8601" content="2022-10-26"/> <meta name="DC.Description" xml:lang="en" content="This paper uses the panel data of 17 cities in Shandong Province from 2003 to 2018 to construct a panel model to empirically study the impact of foreign direct investment (FDI) on the industrial structure. The results show that two-way investment, financial industry development, and policy variables have significant roles in promoting the advancement of the industrial structure in the province. In the future implementation of the “Going Global” strategy in Shandong Province, the cooperation between two-way investment and the financial industry should be strengthened, the level of regional financial development should be improved, and the impact of two-way investment on the optimization and upgrading of the industrial structure should be reinforced."/> <meta name="DC.Format" scheme="IMT" content="application/pdf"/> <meta name="DC.Identifier" content="4448"/> <meta name="DC.Identifier.pageNumber" content="153-157"/> <meta name="DC.Identifier.DOI" content="10.26689/pbes.v5i5.4448"/> <meta name="DC.Identifier.URI" content="https://ojs.bbwpublisher.com/index.php/PBES/article/view/4448"/> <meta name="DC.Language" scheme="ISO639-1" content="en"/> <meta name="DC.Rights" content="Copyright (c) 2022 Author(s)"/> <meta name="DC.Rights" content=""/> <meta name="DC.Source" content="Proceedings of Business and Economic Studies"/> <meta name="DC.Source.ISSN" content="2209-265X"/> <meta 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<span>Zahid Hussain</span> </div> </div> </div> <div class="row justify-content-md-center" id="mainArticleContent"> <div class="col-lg-3 order-lg-2" id="articleDetailsWrapper"> <div class="article-details-sidebar" id="articleDetails"> <div class="article-details-block article-details-cover"> <a href="https://ojs.bbwpublisher.com/index.php/PBES/issue/view/351"> <img class="img-fluid" src="https://ojs.bbwpublisher.com/public/journals/8/cover_issue_351_en_US.jpg"> </a> </div> <div class="article-details-block article-details-galleys article-details-galleys-sidebar"> <div class="article-details-galley"> <a class="btn btn-primary" style="margin-top:5px;width:120px;" href="https://ojs.bbwpublisher.com/index.php/PBES/article/view/4448/3871"> Download PDF </a> </div> </div> <form action="https://ojs.bbwpublisher.com/createxml.php" method="post" enctype="multipart/form-data"> <input type="hidden" name="journal" value="Proceedings of Business and Economic Studies" /> <input type="hidden" name="title" value="Impact of Two-Way FDI on the Industrial Structure in Shandong Province Under the Background of “New and Old Kinetic Energy Conversion”" /> <input type="hidden" name="doi" value="10.26689/pbes.v5i5.4448" /> <input type="hidden" name="aaa" value="Zahid Hussain" /> <input type="hidden" name="ccc" value="Vol 5 No 5 (2022): Proceedings of Business and Economic Studies" /> <div class="weburl" style="display:none" name="weburl" > <input type="hidden" name="weburl" value="https://ojs.bbwpublisher.com/index.php/PBES/article/view?path="> </div> <input type="hidden" name="published" value="2022-10-26" > <input type="hidden" name="auto" value="Zhiqing Xia, Ge Song, Zahid Hussain" /> <input type="hidden" name="Keywords" value="Array " /> <div class="keyword" style="display:none" name="keyword"> <input type="hidden" style="display:none" name="keywords" value="New and old kinetic energy conversion,Foreign direct investment,Industrial structure transformation" > </div> <div style="display:none" > $currentUrl="http://$_SERVER[HTTP_HOST]$_SERVER[REQUEST_URI]" <input type="hidden" style="display:none" name="urldom" value="https://ojs.bbwpublisher.com/index.php/PBES/article/view/4448" > </div> <input type="hidden" name="subject" value="Articles" /> <input type="hidden" name="Abstract" value="<p>This paper uses the panel data of 17 cities in Shandong Province from 2003 to 2018 to construct a panel model to empirically study the impact of foreign direct investment (FDI) on the industrial structure. The results show that two-way investment, financial industry development, and policy variables have significant roles in promoting the advancement of the industrial structure in the province. In the future implementation of the “Going Global” strategy in Shandong Province, the cooperation between two-way investment and the financial industry should be strengthened, the level of regional financial development should be improved, and the impact of two-way investment on the optimization and upgrading of the industrial structure should be reinforced.</p>" /> <input type="hidden" name="References" value="[1] Zhang W, Zhang N, 2017, The Path Selection of My Country’s New and Old Kinetic Energy Conversion Guided by the Supply-Side Structural Reform. Dongyue Lun, 38(12): 93–101.<br /> [2] Yin Z, Li D, 2015, The Mechanism of China’s Foreign Direct Investment on Domestic Industrial Upgrading: A Discussion Based on Different Investment Motives. Journal of Northern University for Nationalities, 2015(1): 37–41.<br /> [3] Yang J, Zhou Z, 2013, An Empirical Analysis of the Impact of My Country’s Foreign Direct Investment on Domestic Industrial Upgrading. Economic Geography, 2013(33): 120–124.<br /> [4] Li D, Deng M, 2016, China’s Provincial OFDI, Spatial Spillover and Industrial Structure Upgrading. International Trade Issues, 2016(1): 13.<br /> [5] Coe DT, Helpman E, 1995, International R&D Spillovers. European Economic Review, 39(5): 859–887.<br /> [6] Li F, 2016, The Home Country Industrial Upgrading Effect of Foreign Direct Investment – An Empirical Analysis from China’s Inter-Provincial Panel Data. International Trade Issues, 2016(6): 124–134.<br /> [7] Liu L, Hao K, 2022, Research on the Technology Spillover Effect of China’s Service Industry OFDI on Host Country. Foreign Trade and Economic Cooperation, 2022(3):15–18.<br /> [8] Wu D, Chen F, 2015, Financial Development, FDI and Economic Growth: An Empirical Study Based on Guangzhou Data. Enterprise Management and Reform, 2015(13): 75 + 97. <br /> [9] Wang S, Wei X, Zhao L, 2016, FDI, Environmental Regulation and Advancement of Industrial Structure. Journal of Capital University of Economics and Business, 2016(6): 28–34.<br /> [10] Gan CH, Zheng RG, Yu DF, 2011, An Empirical Study on the Effects of Industrial Structure on Economic Growth and Fluctuations in China. Economic Research Journal, 5: 4–16.<br /> [11] Lv M, You M, 2013, The Effects of Industrial Structure Changing on Transformation of the Economic Growth Mode in South Korea: An Empirical Study Based on the Perspective of Energy Consumption and Carbon Emission. World Econ Study, 7: 73–80.<br /> [12] Jia J, Yin L, 2015, The Spatial Effect of Public Expenditures on Industrial Structure Upgrading. Journal of Finance and Economic, 2015: 41(9): 18–28.<br /> [13] Zhang L, 2016, Chinese Bidirectional FDI, Financial Development and Industrial Structure Optimization. World Economy Studies, 10: 111–124.<br /> [14] Pu W, Yi Q, 2015, Research on the Impact of OFDI on China’s Industrial Structure Upgrading. Macroeconomic Research, 2015(10): 54–61.<br /> [15] Wang S, Hu Z, 2013, A Study on the Productive Efficiency Effect of Bidirectional FDI in Service Industry: Panel Model Estimation Based on Human Capital. Journal of Finance and Economic, 39(11): 91–102." /> <input type="hidden" name="Online" value="2209-265X" /> <input type="hidden" name="Print" value="2209-2641" /> <input class="btn btn-primary" type="submit" value="xml" style="border:none;width:120px;height:34px;background-color:#337ab7;border-color:#2e6da4;color:#fff;margin-top:5px;" /> </form> <div class="article-details-block article-details-keywords"> <h2 class="article-details-heading"> Keywords </h2> <div class="article-details-keywords-value"> <span>New and old kinetic energy conversion</span><br> <span>Foreign direct investment</span><br> <span>Industrial structure transformation</span> </div> </div> <div class="article-details-block article-details-doi"> <h2 class="article-details-heading"> DOI </h2> <p><a href="https://doi.org/10.26689/pbes.v5i5.4448">10.26689/pbes.v5i5.4448</a></p> </div> <h5 class="published">Submitted : 2022-09-26</h5> <h5 class="published">Accepted : 2022-10-11</h5> <h5 class="published">Published : 2022-10-26</h5> </div> </div> <div class="col-lg-9 order-lg-1" id="articleMainWrapper"> <div class="article-details-main" id="articleMain"> <div class="article-details-block article-details-abstract"> <h2 class="article-details-heading">Abstract</h2> <p>This paper uses the panel data of 17 cities in Shandong Province from 2003 to 2018 to construct a panel model to empirically study the impact of foreign direct investment (FDI) on the industrial structure. The results show that two-way investment, financial industry development, and policy variables have significant roles in promoting the advancement of the industrial structure in the province. In the future implementation of the “Going Global” strategy in Shandong Province, the cooperation between two-way investment and the financial industry should be strengthened, the level of regional financial development should be improved, and the impact of two-way investment on the optimization and upgrading of the industrial structure should be reinforced.</p> </div> <div class="article-details-block article-details-references"> <h2 class="article-details-heading"> References </h2> <div class="article-details-references-value"> <p>Zhang W, Zhang N, 2017, The Path Selection of My Country’s New and Old Kinetic Energy Conversion Guided by the Supply-Side Structural Reform. Dongyue Lun, 38(12): 93–101.</p> <p>Yin Z, Li D, 2015, The Mechanism of China’s Foreign Direct Investment on Domestic Industrial Upgrading: A Discussion Based on Different Investment Motives. Journal of Northern University for Nationalities, 2015(1): 37–41.</p> <p>Yang J, Zhou Z, 2013, An Empirical Analysis of the Impact of My Country’s Foreign Direct Investment on Domestic Industrial Upgrading. Economic Geography, 2013(33): 120–124.</p> <p>Li D, Deng M, 2016, China’s Provincial OFDI, Spatial Spillover and Industrial Structure Upgrading. International Trade Issues, 2016(1): 13.</p> <p>Coe DT, Helpman E, 1995, International R&D Spillovers. European Economic Review, 39(5): 859–887.</p> <p>Li F, 2016, The Home Country Industrial Upgrading Effect of Foreign Direct Investment – An Empirical Analysis from China’s Inter-Provincial Panel Data. International Trade Issues, 2016(6): 124–134.</p> <p>Liu L, Hao K, 2022, Research on the Technology Spillover Effect of China’s Service Industry OFDI on Host Country. Foreign Trade and Economic Cooperation, 2022(3):15–18.</p> <p>Wu D, Chen F, 2015, Financial Development, FDI and Economic Growth: An Empirical Study Based on Guangzhou Data. Enterprise Management and Reform, 2015(13): 75 + 97.</p> <p>Wang S, Wei X, Zhao L, 2016, FDI, Environmental Regulation and Advancement of Industrial Structure. Journal of Capital University of Economics and Business, 2016(6): 28–34.</p> <p>Gan CH, Zheng RG, Yu DF, 2011, An Empirical Study on the Effects of Industrial Structure on Economic Growth and Fluctuations in China. Economic Research Journal, 5: 4–16.</p> <p>Lv M, You M, 2013, The Effects of Industrial Structure Changing on Transformation of the Economic Growth Mode in South Korea: An Empirical Study Based on the Perspective of Energy Consumption and Carbon Emission. World Econ Study, 7: 73–80.</p> <p>Jia J, Yin L, 2015, The Spatial Effect of Public Expenditures on Industrial Structure Upgrading. Journal of Finance and Economic, 2015: 41(9): 18–28.</p> <p>Zhang L, 2016, Chinese Bidirectional FDI, Financial Development and Industrial Structure Optimization. World Economy Studies, 10: 111–124.</p> <p>Pu W, Yi Q, 2015, Research on the Impact of OFDI on China’s Industrial Structure Upgrading. Macroeconomic Research, 2015(10): 54–61.</p> <p>Wang S, Hu Z, 2013, A Study on the Productive Efficiency Effect of Bidirectional FDI in Service Industry: Panel Model Estimation Based on Human Capital. Journal of Finance and Economic, 39(11): 91–102.</p> </div> </div> </div> </div> <div class="col-lg-12 order-lg-3 article-footer-hook"> </div> </div> </div> </div> <footer class="site-footer container"> <div class="row"> <div class="col-md-6"> <a href="/"> <img class="footer-brand-image" alt="BBW Logo" src="https://ojs.bbwpublisher.com/plugins/themes/default/templates/images/logo.png"> </a> <div class="journal-desc"> </div> </div> <div class="col-md-6"> <h3>Proceedings of Business and Economic Studies</h3> <p> ISSN: 2209-265X </p> <h4>Publishing Office:</h4> <p>Level 10, 50 Clarence Street Sydney, NSW 2000 Australia.</p> <h4>Editorial Office:</h4>  <p>34-2B, Jalan Puteri 1/2, Bandar Puteri, 47100 Puchong, Selangor, Malaysia.</p> <h4>Website:</h4> <p><a href="https://www.bbwpublisher.com">www.bbwpublisher.com</a></p> <h4>Email:</h4> <p><a href="mailto:se.gao@bbwpublisher.com">se.gao@bbwpublisher.com</a></p> </div> </div> <hr> <div class="text-center"> Copyright © 2024 Bio-Byword Scientific Publishing Pty. 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Impact of Two-Way FDI on the Industrial Structure in Shandong Province Under the Background of “New and Old Kinetic Energy Conversion” | Proceedings of Business and Economic Studies