Study On The Inner-industry Spillover Effects Of FDI

With thirty years of reform and opening up,China's economic construction has made changes that caught worldwide attention.In the process of economic growth at the past three decades,foreign direct investment(FDI) has played an enormous role in promoting China's economic development.However,at the same time of curtaining the effect of FDI in promoting economic growth,we should also see the negative impacts to china in introducing the substantial foreign capital.A series of cumulative situation,such as "The market for technology" having no significant results,high dependence on foreign trade,industrial upgrading,which prompted us to consider whether FDI really has promoted the technological progress to domestic-funded enterprises.At the backgrounds of the urgency of the industrial transformation and the voice of self-innovation becoming increasingly stronger and stronger,how should we use FDI?Starting from the above questions,taking Guangzhou- the very representative city in attracting foreign investment -as the research object,through the empirical methods, this article inspect the technology industry FDI spillovers.The structure of the content of this article is as follows:The first chapter is an introduction to this article,this chapter mainly introduce the background of writing this article,main content,the main research framework,the main method used in this paper as well as the main innovation points.ChapterⅡof this article are part of literature review,this chapter firstly makes the definitions of the main concepts involved in this article.Then summed up the literature on inner-industry FDI technology spillovers.ChapterⅢis the status of Guangzhou's FDI.This chapter mainly introduces the evolution of FDI policy process,Guangzhou's structural characteristics of FDI and the evaluation of the using of FDI in Guangzhou City;Based on the other's study,the chapterⅣfirstly establishes the equation of empirical testing.Then we test technology spillovers differences in the overall industry,then in accordance with the technical level of the industry,this paper derides the industry into four categories and study the e effect of FDI technology spillovers;ChapterⅤof this article is the summary and policy recommendations.Based on the analysis above,this chapter sums up the differences. in FDI technology spillovers,and then recommends how to promote technology spillovers of FDI.According to the empirical study from Guangzhou City,this article found:Overall, the technology spillover effects of foreign-investment company are very weak.In the higher technological industries,technology spillover effects are even negative.The size of technology spillovers has relationship with the technology gap.The competitive effect to the foreign investment is really promoting technological progress of domestic enterprises.The technological gaps between the domestic-funded enterprises and foreign-funded enterprises can be used to make up by the competitive effect.At the same time,enhancing the competitive effect is also an important way in breakthroughing the "technology lock " and enhancing the technical level of domestic enterprises.In addition,the overall effects of human capital flows on domestic-funded enterprises in promoting technological progress are beneficial,but the prerequisite is the absorptive capacity.If the local absorptive capacity to absorb technology spillovers is difficult to achieve the expected level,the effect of staff mobility is not always obvious.