Empirical Study on the Industry Difference of Reverse Technology Spillover Effect in China OFDI

doi:10.3969/j.issn.1005-6378.2019.03.010

Abstract

Abstract: With the promotion of capital “Going Global” strategy, the scale of Chinas outward foreign direct investment has been expanding. Promoting the high-quality development of overseas investment is an important part of the supply-side reform. Based on the data of Chinas OFDI and the total factor productivity of domestic industries from 2004 to 2015, this paper uses the fixed effect model of panel data and similar unrelated regression(SUR)model to empirically test the reverse technology spillover effect of OFDI in different industries. The results show that the advaced technology from abroad has promoted the total factor productivity and technological progress rate in China, and there is a significant difference between different industries.We should increase the proportion of investment in R&D intensive industries, and strive to enhance our ability to absorb advanced technology abroad.

Key words: foreign direct investment, reverse technology spillover effect, industry difference, TFP

CLC Number:

F830.59

ZHANG Yu-mian, LI Ming-yang. Empirical Study on the Industry Difference of Reverse Technology Spillover Effect in China OFDI[J]. JOURNAL OF HEBEI UNIVERSITY (Philosophy and Social Science), 2019, 44(3): 61-68.

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