| Attracting investment is one of the important measures taken by the Chinese mainland to develop its economy since the reform and opening up.Over the past 30 years,Taiwanese businessmen have invested a total of US$186.512 billion in the mainland.So whether the mainland has realized the market for technology and whether Taiwanese businessmen have realized it in the mainland Your own development?This article mainly studies the technology spillover effects and mechanisms of Taiwan investment in the mainland of China.To this end,this article combs the relevant literature on the technology spillover effects and mechanisms of Taiwan investment in the mainland of China,and then collects data on the micro level of Taiwan investment in the mainland of China,measures the total factor productivity of Taiwan investment in the mainland of China,and uses empirical methods to study mainland Taiwan investment.The research conclusions of the technology spillover effects and mechanisms of domestic enterprises are as follows:First,the ACF-OP model can take into account the rationality of labor output elasticity and capital output elasticity,and the calculation results are more robust;Taiwanese domestic investment in the mainland of China have achieved sustained growth,with an average annual growth rate of 2.35%.Second,there are differences in elements and regions in the TFP of Taiwanese domestic investment in the mainland of China.As the sample time coincides with the third wave of Taiwanese investment,technologyintensive Taiwanese domestic investment in the mainland have the highest level and growth rate of total factor productivity;there are regional differences in total factor productivity of Taiwanese domestic investment in the mainland,and the annual total factor productivity of the Pearl River Delta Economic Belt The average growth rate is the highest,and the total factor productivity level of the Yangtze River Delta Economic Zone has huge development potential in the future.Third,Taiwanese domestic investment in mainland have both technology spillover effects and technology crowding-out effects on domestic enterprises.As the whole,the technology crowdingout effect is dominant.This shows that Taiwanese domestic investment hinder the TFP of domestic enterprises through industry consolidation and technological dependence.Fourth,from the perspective of mechanism,Taiwanese domestic investment in the mainland of China have a technology spillover and technology crowding-out mechanism for domestic-funded enterprises in demonstrative competition,personnel flow,demand stimulus,supply-driven,and cooperative research and development.Fifth,the technology spillover effects and mechanisms of mainland Taiwanese domestic investment on domestic enterprises are different in factors,regions,and industrial chain locations.The horizontal technology spillover effects and mechanisms in the Bohai Rim are more obvious.The Pearl River Delta and the Yangtze River Delta show differences from the whole Cooperative research and development of externalities,mainland Taiwanese domestic investment have relatively weak technology spillover and technology crowding-out effects and mechanisms on the middle of the industrial chain,and more obvious horizontal technology spillover effects and mechanisms on the front of the industrial chain. |
