| In recent years, more and more countries have adopted favorable policies to attract FDI inflows, considering that FDI inflows can promote the economy development and productivity in China. China is no exception, and its FDI inflows even keep among the developing countries in 11 consecutive years. Meanwhile, the amount of FDI inflows reaches new peak every year in difference regions of China. Against this background, the effect of FDI on productivity and technology has been always the focus of the attention of government and academic world.Many scholars pointed that, FDI inflows not only increased the capital accumulation, labor, demands of intermediate products and product exports directly in China, but also promoted the productivity and technology indirectly through competition effect, demonstration and imitation effect, forward and backward linkages and so on. But many other scholars questioned the tactics of "exchange market for technology" adopted by different regions of China. They argued that, FDI productivity spillover effect in china wasn't robust. Conversely, FDI crowded out and substituted of market shares and R&D activities of local enterprises. After all, introducing technology is not equivalent to introducing innovation ability of technology. Although FDI brought advanced technology and equipments, during the following process of digestion and absorption, there were not enough support of funding and institution, so advanced technology and experience hasn't been transformed into one part of endogenous technology ability of Chinese enterprises.On this basis of literature review, the thesis (chapter 3) empirically analyzed status quo of FDI productivity spillover effect in 30 provinces (except Tibet). Firstly, we used Data Envelopment Analysis (DEA) method to measure the total factor productivity (TFP) of local enterprises in 30 provinces. Secondly, we set up a panel data model and studied the effect of FDI on TFP of local enterprises. We found that, FDI productivity spillover effect are different in different provinces.In well-developed provinces and cities on east coast, FDI has positive productivity spillover effect, while in less-developed provinces and cities, FDI productivity spillover effect is not robust, even appears negative.In order to explain why FDI productivity spillover differs in difference provinces and cities, the thesis (chapter 4) then analyzed the mechanism, influencing factors and threshold effect of FDI productivity spillover theoretically from the regional angle. We pointed that, technology ability of local enterprises, local economy development, human capital level, economy openness and infrastructure construction affected the size and even the signs of FDI productivity spillover effect. Meanwhile, to each province and city, FDI can produce the positive productivity spillover effect only when each factor reaches the threshold level.On the basis of theoretical analysis, the thesis (chapter 5) empirically studied the effect of the above five factors on FDI productivity spillover effect, and further measured and calculated the threshold level of each factor using the data from 2003 to 2006 and panel data model. We pointed that, more than half of provinces and cities hadn't step over the threshold level of each factor, and then restrict the positive role of FDI on productivity of local enterprises. Beijing, Shanghai, Tianjin, Jiangsu, Guangdong and Shandong are the provinces which stepped over most thresholds, and the FDI productivity spillover effect in this provinces are robust, thereby we verified the threshold effect of FDI productivity spillover effect empirically again.On the above basis, this thesis (chapter 6) finally revealed the main conclusions, and put forward some suggestions from three angles of spillover part, spillover-receive part and spillover channels, in order to promote provinces to step over the spillover threshold and gain positive effect of FDI productivity spillover, and then make FDI serve for Chinese economy development well. |
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