The Influence Effect of Foreign Direct Investment on the Resource Mismatch in The Beijing-Tianjin-Hebei Region

Abstract

In order to explore whether the continuous influx of foreign direct investment helps to improve the resource mismatch in the Beijing-Tianjin-Hebei region, this paper makes an empirical analysis of the data of the Beijing-Tianjin-Hebei region from 2003 to 2019, and finds that the inflow of FDI has a significant positive impact on the regional resource mismatch, especially the resource mismatch of capital factors. On this basis, a dynamic panel model was added to further verify the positive effect of FDI on improved capital mismatch. The study also found that the impact of foreign direct investment on resource mismatch in Beijing-Tianjin-Hebei region has very obvious regional heterogeneity, which shows the improvement effect of foreign direct investment on capital mismatch in Hebei region, but no obvious improvement effect on Beijing and Tianjin. Therefore, in order to further improve the Beijing-Tianjin-Hebei region resources mismatch, accelerate Hebei economic development to narrow the gap with the Beijing and Tianjin, increase and effective use of foreign direct investment is a favorable for economic high quality development, suggested that the government in the FDI inflow at the same time, strengthen the regional coordinated development, promote resource balanced allocation, improve the regional resource coordination and allocation, in order to realize the sustainable development of the Beijing-Tianjin-Hebei region as a whole.