Research on the Relationships among Jiangsu’s OFDI, Financial Development and Industrial Structure Optimization

In recent years, under the policy support of China's implementation of the “going out” strategy, Jiangsu's Outward Foreign Direct Investment (OFDI) has entered a stage of rapid development. At the same time, the optimization of industrial structure and the transformation of development mode have become the key to a new round of economic development in Jiangsu Province. Therefore, this paper empirically studies the impact of OFDI and financial development on industrial structure optimization through Jiangsu's relevant data from 1996 to 2015. The result shows that there is a long-term stable equilibrium relationships among OFDI, financial development and the optimization of industrial structure in Jiangsu Province, but the impact of various variables on the optimization of industrial structure in Jiangsu Province is quite different.