Outward Foreign Direct Investment（OFDI）has a profound impact on the adjustment of industrial structure, and OFDI of Chinese private enterprises is the most important part of OFDI of Chinese enterprises. What is its connection with the deindustrialization process of China’s economy? This paper adopts the data of OFDI of Chinese private enterprises as well as the data of China’s cities at the prefecture level and above from 2005 to 2016 for empirical analysis, and the results show that OFDI of private enterprises significantly promotes China’s deindustrialization process. The results of further heterogeneity test show that compared with greenfield investment, the deindustrialization effect of OFDI of private enterprises in the form of mergers and acquisitions（M&A）is greater; OFDI of private enterprises in the eastern region has the strongest deindustrialization effect, followed by the western region; and compared with OFDI of private enterprises in developing countries, OFDI of private enterprises in developed countries has a stronger negative impact on the level of industrialization. The conclusion of this paper may provide enlightenment for China to promote the new pattern of all-round opening and industrial adjustment and upgrading.
雑誌名
東南アジア研究年報
巻
57
ページ
49 - 64
発行年
2022-03-10
ISSN
05471443
書誌レコードID
AN00166496
著者版フラグ
publisher
出版者
長崎大学経済学部 東南アジア研究所
出版者別言語
Institute of Southeast Asian Studies, Faculty of Economics, Nagasaki University
OFDI of Chinese Private Enterprises and Deindustrialization
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