Empirical Analyzing of the Effect of FDI on Emerging Industries in Hebei

DOI

10.2991/emcm-15.2016.6How to use a DOI?

Keywords

Foreign Direct Investment (FDI); high-tech zone; emerging industry; principal component analysis

Abstract

Based on data of high-tech zones in Hebei province, by using principal component analysis method, the development of emerging industries in Hebei province is comprehensively measured by 4 indexes, including rate of enterprise industrial output value(y1), total corporate profits(y2), output value of enterprises(y3), and number of enterprises of high-tech zones(y4). Number of foreign investment enterprises(x1), number of R&D personnel of foreign invested enterprises in high-tech zones(x2), technology expenditures of foreign invested enterprises in high-tech zones(x3), technology activities personnel of foreign investment enterprises in high-tech zones(x4) and technology expenditures of foreign invested enterprises in high-tech zones(x5) are chosen as indicators of foreign direct investment of high-tech development zones to reflect the development of emerging industries in advance. Multicollinearity among original indexes is eliminated; the influence of foreign direct investment to the development of emerging industries in Hebei province is concluded by using principal component regression method. It can be concluded that foreign direct investment not only bring funding for the emerging industries, but also compensate for the industrial development of the “funding gap” and “technology gap” of emerging industries in its development process. Therefore, use of foreign capital and foreign advanced technology to develop new industries of Hebei province is necessary.

Copyright

© 2016, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

Download article (PDF)

TY  - CONF
AU  - Rui Li
AU  - Shuqiang Ma
AU  - Jingwei Lv
PY  - 2016/02
DA  - 2016/02
TI  - Empirical Analyzing of the Effect of FDI on Emerging Industries in Hebei
BT  - Proceedings of the International Conference on Electronics, Mechanics, Culture and Medicine
PB  - Atlantis Press
SP  - 26
EP  - 30
SN  - 2352-538X
UR  - https://doi.org/10.2991/emcm-15.2016.6
DO  - 10.2991/emcm-15.2016.6
ID  - Li2016/02
ER  -