Analysis on the Influencing Factors of OFDI by Jiangsu Province in China

As a big economic province in China, Jiangsu takes the lead in opening to the global market. Both the stock and flow of OFDI in Jiangsu are among the best in China, but studies have shown that the imbalance of investment between inter cities has affected the further development of Jiangsu's OFDI. Using spatial econometric analysis method, this paper constructed a spatial lag and spatial error model to study the spatial distribution and influencing factors of OFDI in all cities of Jiangsu province from 2008 to 2018. The results show that: the overall OFDI of all cities in Jiangsu province maintained a rapid growth, showing an upward trend; There are significant differences and positive spatial correlation among different cities. There is a spatial crowding out effect of OFDI. The OFDI is positive with GDP, the number of industrial enterprises, the volume of export trade and IFDI.