Keywords
finance development, foreign direct investment, total factor productivity
Abstract
Based on China's provincial panel data from 2000 to 2017,this paper studies the impact of financial development and foreign direct investment on TFP.The results show that the improvement of financial development has a significant effect on the improvement of China's total factor productivity.The inflow of foreign direct investment has a positive effect on the improvement of China's total factor productivity.In addition to the direct effect,the interaction between financial development and foreign direct investment also has a positive effect on total factor productivity.
DOI
10.16315/j.stm.2020.04.008
Recommended Citation
GU, Xiao-an; ZHENG, Xi-jie; and LI, Wen-qing
(2020)
"Research on the influence of financial development and foreign direct investment on total factor productivity,"
Journal of Science and Technology Management: Vol. 22:
Iss.
4, Article 8.
DOI: 10.16315/j.stm.2020.04.008
Available at:
https://jstm.researchcommons.org/journal/vol22/iss4/8
