A Research on Dynamic Relationship between OFDI and Industrial Structure Optimization—A Case Study of Guangdong Province

Regarding the data from 2003 to 2013 of the typical opening city in Guangdong province, this paper is going to use the VAR model to study the dynamic relationship between OFDI and industry optimization. And we come to the conclusion that the industry structure rationalization exerts a more significant auxo-action on OFDI than the latter does on the former; however, there is no significant Granger relationship between OFDI and industry structure advancement. According to above results, this paper tries to give an economic explanation combining with current situation of OFDI.