| From 1990s, the technology spillover effects from Foreign Direct Investment (FDI) have been a hot issue in China. Are FDI spillovers really there? What impacts the effects? What can the government do to facilitate the effects? The answers of these questions are important for Shandong penninsula to make correct policies for FDI.The thesis began with the concept of technology spillovers of FDI, then the general theories of technology spillovers of FDI and previous study were discussed .The current situation of FDI in Shandong penninsula was exposited, which established the theoretical basis for the empirical research of FDI spillovers in Shandong penninsula.In the following chapters, a statistical research was carried out, using the metric economic model. The data sets used were panel data set of Shandong peninsula's 8 cities during 1996 to 2005. First of all, the return model of FDI with the area industry output was set up from the aspect of Shandong penninsula's 8 cities. By the regression analysis, the result indicated that: the effect of FDI spillovers of Shandong penninsula is positive. Then, the paper discussed the FDI spillovers mechanism from the point of absorptive capability. The result were shown that certain human resource is the presupposition of the development of FDI spillovers effect, the advance of market competition is propitious to the FDI spillovers, the economy opening back up the effect of FDI spillovers, the improve of the investing environment does not bring the effect initiatively, the exertion of its function need combining with other factors, and the absorptive capability should be developed. These provide some theoretical foundation to the government to attract capital correctly. |
