The Study On The Effect Of FDI Technological Spillover On Chinese Economic Growth

In 21st century today, the global economic integration tendency is more obvious, the foreign direct investment (FDI) has been the main form of international capital flow, day by day became one of the global most important economical strength, and exerted increasingly important influence to the host country economy.Many overseas research indicate: the large-scale inflow of FDI not only affect the host country economy as the supplement capital flow, but also speed up the step of the national economy industrialization, the market and the internationalization; More importantly, FDI may through the technical spillover, raises the level of technology and organizational efficiency and thus increases the total factor productivity of the national economy, then promotion economy growth.This thesis tries to study the relation between FDI and Economic Growth from a brand-new perspective of technology spillover. Firstly, it analysis the research significance basing on the review of research results about the technological spillover effect. Secondly it expatiates the FDI, technological spillover, endogenous economic growth. Thirdly, it makes empirical analaysis and test with econometric methods, finds that there indeed exist spillover of FDI on China's domestic firms, FDI technology spillover make positive function to technical level enhancement and competition ability enhancement of China's domestic firms. Then, based on the positive analysis on the spillover effect in our country, it analysis the three channels that the FDI technological spillover effect can promote economic growth.Based on the endogenous economic growth model, constructs the econometric model which analysis the relation between the FDI technological spillover effect and the Chinese economy growth. With empirical analysis and test, it indicates technological spillover effect of FDI is a very important factor that affects economic growth of the host countries. FDI and human capital jointly promote the economic growth. System elements also contribute to the FDI technological spillover effect.Finally, it makes the conclusion and puts forward some policy suggestions about enhances technology spillover effect of FDI for promotion economy growth.