Browse > Article
http://dx.doi.org/10.5762/KAIS.2015.16.8.5282

An Empirical Analysis on the Effects of FDI to the Economic Growth - Based on the Service Industry in China  

Lee, Sung-Joon (Dept. of International Business, Woosong University)
Ning, Cui-Ying (International Business, Graduate School, Woosong University)
Publication Information
Journal of the Korea Academia-Industrial cooperation Society / v.16, no.8, 2015 , pp. 5282-5286 More about this Journal
Abstract
This study is to analyze the effects of the FDI inflows service industry on China's economic growth using panel data from China's service industry for the period 1990-2012. The results of this study show that the FDI inflows into service industry in China is behind a key driving force to develop its economic growth, and that other factors like investment in the fixed assets and investment in human capital and labor make contribution to promoting its economic development. The results suggest that in order to enhance its growth, the government should expend a great deal of effort trying to make a good environment for investment to increase the FDI inflows into China's service industry.
Keywords
Economic Growth; Effects of FDI; Service Industry in China; Inflows of FDI;
Citations & Related Records
연도 인용수 순위
  • Reference
1 China Industry News(CINN), Xinhua News Agency, 2014.01.22. http://www.cinn.cn/xw/chanj/309121.shtml.
2 Chen jinghua, "Research on FDI in service industry and economic growth-Based on Chinese date", J, International Trade, p.103, 2013(4)
3 Adam Smith, "The Wealth of Nations", pp.22-330, Random House, Inc(1937 publisher), 1776.
4 Norton F. G., "Harrod-Domar Model-develo pment economics, Exogenous growth model, Roy Harrod", pp.15-26ANIM publishing, 2011
5 Solow R M, "A contribution to the theory of economic growth", Quarterly Journal of Economics, pp. 65-94, 1956. DOI: http://dx.doi.org/10.2307/1884513   DOI
6 Romer P., "Increasing Returns and Long-Run Growth", pp. 1002-1037 Journal of Political Economy, 76, 1986.
7 Lucas R., "On the Mechanics of Economic Development", Journal of Monetary Economics, 22(1), pp.3-42, 1988. DOI: http://dx.doi.org/10.1016/0304-3932(88)90168-7   DOI
8 Michel beine, frederic Docquier, Hillel Rapoport(2001), "Brain drain and economic growth: theory and evidence", p.275, Journal of Development Economics, 2001. DOI: http://dx.doi.org/10.1016/s0304-3878(00)00133-4   DOI
9 Jansen K., "The Macro economic Effects of Direct Foreign Investment", World Development (2), pp.193-194, 1995. DOI: http://dx.doi.org/10.1016/0305-750X(94)00125-I   DOI
10 Borensztein.E&Gregorio.J&lee.J, "How does Foreign Direct Investment Affect Growth", NBER Working Paper, No.5057.1998.
11 Nair-Reichert, Usha & Diana Weinhold, "Causality Tests for Cross Country Panels: New Look at FDI and Economic Growth in Developing Countries", Oxford Buttetin of Economics and Statistics, Vol63. No.2, pp.153-171, 2001. DOI: http://dx.doi.org/10.1111/1468-0084.00214   DOI
12 DENIZER C. "Foreign Entry in Turkey's Banking Sector, 1980-1997",[R], Wahington, DC , 2004.
13 Akbar&Mcbride, "Multinational Enterprise Strategy", foreign Direct Investment and Economic Development [J], Journal of World Business, (39):89-105, 2004.
14 Doytch N.&Uctum.M, "Does the worldwide shift of FDI from Manufacturing to Services accelerate economic growth?", Journal of International Money and Finance, 30(3): pp.410-427, 2011. DOI: http://dx.doi.org/10.1016/j.jimonfin.2011.01.001   DOI
15 Sang Xiuguo, "FDI and Economic Growth",[J], Economic theory and business management, (3):pp.45-48, 2002.
16 Dai Feng, "An empirical study on the relationship between Chinese service industry development and FDI" [J],International Business, (3):pp.64-69, 2005.
17 Zhuang Lijuan & He Meiying, "An empirical study on service industry utilizing FDI for economic growth" [J], Research on world economy, (8):pp.73-79, 2005.
18 Grossman,G.&helpman,E., "Innovation and Growth in the Global Economy, The MIT Press: Cambridge, MA, 1991
19 Xue&Wang(2007), "Research on the accounting of capital stock of the 17 sectors in China", Statistical research, 24(7), 2007.7
20 Psacharopoulos.G & Arriagada A.M, "The Educational composition of the Labour Force: An International comparison", International Labour Review, 125(5):pp.561-574, 1986.
21 Qin Xiaoli, "Analysis on the Influence Factors of Economic Growth Effect of FDI", Academic Forum, 10(6), pp.161-162. 2013.
22 Lei & Chen, "FDI, export and regional economic growth - the application of causal test of the heterogeneous panel Grainger", Economic management, 34(6), pp.123-134. 2012.