CAJ | 학술논문

本文基于空间经济学,从制度约束的视角对FDI影响产业结构调整的机制进行了系统梳理,并应用1985-2004年省际面板数据,采用双向固定效应模型对FDI与产业结构调整的关系进行了实证检验。结果发现：FDI增加有助于提升第三产业在经济中的比重,降低第二产业比重,总体上有利于产业结构优化升级,并且FDI的产业结构调整效应呈边际递减规律（倒U型走势）。产生这种效应与FDI的资本供给、技术进步、收入漏出效应有关,也与中国金融偏向政策等制度约束有关。政府应继续积极合理有效地引进外资并加强产业引导,同时着力改善制度环境。
본문기우공간경제학,종제도약속적시각대FDI영향산업결구조정적궤제진행료계통소리,병응용1985-2004년성제면판수거,채용쌍향고정효응모형대FDI여산업결구조정적관계진행료실증검험。결과발현：FDI증가유조우제승제삼산업재경제중적비중,강저제이산업비중,총체상유리우산업결구우화승급,병차FDI적산업결구조정효응정변제체감규률（도U형주세）。산생저충효응여FDI적자본공급、기술진보、수입루출효응유관,야여중국금융편향정책등제도약속유관。정부응계속적겁합리유효지인진외자병가강산업인도,동시착력개선제도배경。
Based on spatial economics,this paper comprehensively analyzes the mechanism of foreign direct investment influencing industrial structure from the angle of institution constraint.Then the paper uses 1985-2004 provincial pan-el data to investigate the relationship between FDI and industrial structure adjust-ment in China.The results show that the increase of FDI helps to increase the proportion of the third industry and decrease the proportion of the second indus-try,thus optimize the industrial structure.And FDI’s industrial structure adjust-ment effect behaves inverse U trend.This is related to FDI’s income-leaking ef-fect,capital supply effect and technology spillover effect.And institution con-straint such as finance discriminating policies of the government and regional mar-ket segmentation is also related.This conclusion has important policy signifi-cance,and the government should actively utilize FDI and stress on improving in-stitution environment.