Research on the Influence of Foreign Direct Investment on Technological Innovation in Jiangsu Province

Abstract

Under the background of the in-depth development of economic globalization, Jiangsu province, as a big province of China's opening to the outside world, actively introduces foreign investment. The inflow of FDI not only promotes the economic development of Jiangsu province, but also can produce technology spillover effect, which has an important impact on the technological innovation of Jiangsu Province. Jiangsu has developed economy and should accelerate the improvement of its own innovation level in the rapid development of knowledge economy today. Therefore, it is of great practical significance to study the influence of FDI inflow on technological innovation in Jiangsu Province. In this paper, the relevant data of Jiangsu province from 2005 to 2018 are selected as variables. Through empirical analysis, it is found that the inflow of FDI plays a positive role in promoting technological innovation in Jiangsu Province. Finally, countermeasures and suggestions are put forward for how to rationally utilize FDI in Jiangsu province and improve the level of technological innovation.