An Industrial Heterogeneity Investigation on Relationship among Foreign Direct  Investment,
 Economic Growth and Employment based on the View of Generalized  Virtual Economy

Abstract

Abstract: Using the dynamic panel data of 18 industries in 1997-2015, this paper studies the relationship, related effects and mechanism of action among FDI, economic growth and employment in the generalized virtual economy by impulse response, difference analysis and simultaneous equations. Results show there is a long-term cointegration relationship among FDI, economic growth and employment for two departments, and the generalized virtual economy industry is stronger and more conducive to promoting employment; FDI in traditional economy grows per 1%,it will promote economic growth 0.132%, in turn, promoting the employment of direct, indirect and comprehensive effect are 0.11%, -0.318% and -0.208 %; FDI in generalized virtual economy grows per 1%,it will promote economic growth 0.164%, in turn, promoting the employment of direct, indirect and comprehensive effect are 0.292%, -0.026% and 0.266% respectively.

Key words: FDI, economic growth, employment, generalized virtual economy

ZHU Jin-sheng，KUANG Dong . An Industrial Heterogeneity Investigation on Relationship among Foreign Direct Investment, Economic Growth and Employment based on the View of Generalized Virtual Economy[J]. 商业研究.

References

注释： ① 广义虚拟经济是同时满足人的生理需求和心理需求并以满足心理需求为主导，以及只满足人的心理需求的经济的统称(林左鸣，2010),并以价值细分的现代服务经济、体验经济、品牌经济、创意经济、知识经济等多种形式体现出来。 ② 赵洪江(2014)根据林左鸣教授对广义虚拟经济的定义和我国的国民经济分类体系将H(住宿和餐饮业)、I(信息传输、软件和信息技术服务业)、J(金融业)、L(租赁和商务服务业)、M(科学研究和技术服务业)、N(水利、环境和公共设施管理业)、O(居民服务、修理和其他服务业)、P(教育)、Q(卫生和社会工作)、R(文化、体育和娱乐业)、S(公共管理、社会保障和社会组织)、T(国际组织)等行业划分为广义虚拟经济产业。参考文献：［1］林左鸣.广义虚拟经济——二元价值容介态的经济［M］．北京：人民出版社，2010. ［2］Graham,E.M.Fighting the wrong economy：Anti-global activities and multinational enterprises Institute For International Economics Working Paper，No．91，2000．［3］Girma，S.，Greenaway，D. and Wakelin，K. Wages，productivity and foreign ownership in UK manufacturing．Centre For Research On Globalisation AndLabour Markets Working Paper［R］．School of Economics，University Of Nottingham，No.99/14. ［4］Elmawazini K. Technology Spillovers from Foreign Direct Investment in Developing Countries: Economic Theory and Practice［D］．University of East London, 2005. ［5］Golejewska，A. Foreign direct investment and its employment effects in Polish manufacturing during transition［R］．Economics of European Integration Department Working Paper，No．0204,2002．［6］王美今，钱金保.外商直接投资对我国就业的影响——基于误差成分联立方程模型的估计［J］．中山大学学报:社会科学版，2008，48(6)：178-184. ［7］Jenkins R. Globalization and the Labour Market in South Africa［J］．Journal of International Development, 2006,18(5)：649-664. ［8］龚玉泉，袁志刚.中国经济发展与就业增长的非一致性及其形成机理［J］．经济学动态，2002(10). ［9］葛蔓，刘桢.中国“高增长低就业”的断言太轻率［J］．中国经济周刊，2006(12). ［10］盛仕斌，徐海.要素价格扭曲的就业效应研究［J］．经济研究，1999(5). ［11］李红松，田益祥.技术进步影响我国经济增长的地区差异比较［J］．统计与决策，2003(8). ［12］刘伟，苏剑.供给管理与我国现阶段的宏观调控［J］．经济研究，2007(2). ［13］蔡昉.中国人力资本现状管窥——人口红利消失后如何开发增长新源泉［J］．人民论坛·学术前沿，2012(6).

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An Industrial Heterogeneity Investigation on Relationship among Foreign Direct Investment, Economic Growth and Employment based on the View of Generalized Virtual Economy

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