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Foreign Direct Investment (FDI), as one of the highest forms of transnational capital flows, can take a significant role in the process of economic development. The utilization of FDI to promote innovative development has therefore become more of an important topic. With the intention of uncovering whether or not and how the FDI can still have an impact on innovative development today, the paper studies the impact of Guangdongs FDI on its innovative development by using data from 2010 to 2022 provided by the Guangdong Statistical Yearbook, statistical yearbooks of all Guangdong cities, Foshan Market Supervisory Authority official website, etc., performing a panel data analyses and revealing a statistically significant positive relation between the scale of FDI and innovative development, and a negative relationship between FDIs export capacity, the indicator of the proportion of foreign investment in the manufacturing sector to total investment and innovative development. Hence, while emphasizing the scale of FDI, the government should also focus on enhancing the competitiveness of high-tech industries and promoting the transformation and upgrading of industrial structures.
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Yinan Zhang (2024) studied this question.
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