Digital Economy, Industrial Structure, and Coordinated Development of the Two-way FDI: An Empirical Study Based on the Beijing-Tianjin-Hebei Region
DOI:
https://doi.org/10.62051/ijgem.v3n2.28Keywords:
Digital Economy, Industrial Structure, the Two-way FDI Coordination, Beijing-Tianjin-Hebei regionAbstract
With the sustained attention of the academic community on the digital economy, this paper aims to delve into the impact of digital economy development on the coordinated development of inward foreign direct investment (IFDI) and outward foreign direct investment (OFDI) against the backdrop of the current global economy, focusing on the Beijing-Tianjin-Hebei region of China, building upon previous academic achievements. Through literature review and empirical data analysis, this paper reveals the effects of digital economy development on optimizing industrial structure, coordinating the two-way FDI development, and the spatial spillover effects of the two-way FDI coordination at the urban level. The research findings indicate that the rise of the digital economy not only significantly promotes the coordinated development of the two-way FDI but also plays a significant positive role in the upgrading of industrial structure in the Beijing-Tianjin-Hebei region, with both the digital economy and bilateral FDI coordination exhibiting significant positive spatial spillover effects.
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