市场需求和中国工业行业FDI流入

本文研究中国工业行业的市场需求对外商直接投资流入该行业的影响。本文利用中国工业行业 2003～2014年度行业层面的面板数据进行的实证检验发现，行业市场需求规模促进了FDI的流入，在外资集聚度较高的行业，该种促进作用更加明显。在考虑了FDI的动态效应后，发现外商直接投资存在“惯性”，前期FDI的流入会促进新的FDI流入。估计结果在考虑了内生性后，各检验结果依然稳健。

Market Demand and the Inflow of FDI in China's Industries

In this paper,we study the impact of market demand of China's industries on the inf low of foreign direct investment.This paper uses China's industry level panel data over the periods 2003-2014 to carry on the empirical test.The empirical results show that the industry market demand size promotes the inflow of FDI,in the industries that the agglomeration of foreign enterprises are intense,then the promote effect will be more obvious.After considering the dynamic effects of FDI,the inflow of FDI has the nature of“inertia”.The inflow of FDI in the earlier stage will promote the new inflow of FDI.Finally,after consideration the endogenous of market demand,the regression results are still stable.