Research On The Impact Factors Of FDI Spillover Effect On China's Economic Growth

Since 1970s,foreign direct investment(FDI) has been entering China gradually.It has become important impact on China's economic growth.Since the global economic integration became more and more obvious,FDI has been the main form of international capital flow and become one of the most important economic strength in the world.The governments in many countries become to concern about the impact of FDI on their countries' economic growths.Many oversea researches indicate that the large scale inflow of FDI not only affects the economic growth in the host country,but also raises the level of technology and organizational efficiency,increases the total factor productivity of the national economy, boost economy and then enable the national economy onto the path of endogenous economic growth through technology spillover effect.This thesis studied the relationship between FDI and economic growth from the perspective of technology spillover effect.First,the author expatiated on the literature of endogenous economic growth and FDI technology spillover effect.The author then briefed the scope of FDI technology spillover effect,definition and classification,introduced the general situation of FDI in China.Then she analyzed the mechanism of intra-industry, inter-industry and regional FDI technology spillover effect and expatiated on the factors that influence FDI spillover effect.In the fourth part of the thesis,the author constructed a theoretical model of the impact of FDI spillover effect on economic growth based on endogenous economic growth theory.In the fifth part,the author constructed an econometric model based on the theoretical model constructed in the fourth part and did some empirical work.The author also analyzed how technology gap,opening-up degree of the industry, market concentration degree and technology characteristic of the industry affect FDI spillover effect.The conclusion is FDI spillover effect has played an important role on China's economic growth.Moderate technology gap between the firms in China and foreign firms, moderate opening-up of the industry,competitive market structure and FDI in labor-intensive industries can enhance FDI spillover effect.In the end,the author put forward some policies to enhance FDI technology spillover effect for boosting economic growth in China:to encourage FDI with advanced technology and management level,consummate competitive market environment,optimize market competitive structure,insist on moderate opening-up policy,encourage foreign firms in technology-intensive industries to strengthen cooperation with Chinese firms.