| Over21century, The oceans of FDI introduction has quickened the developmentof Electronics Information Industry and promoted the transfering world electronicsmanufacturing center to China’s Yangtze Delta Region. However, the side effects ofFDI come into being, for instance, the technological level and economic contributionof Electronics and Information Industry is far from that of the world average. Hence,it is significant and realistic to explore the development features and technologicalgrowth effects of Electronics and Information Industry in Yangtze Delta with theabsorption of FDI.Lots of relevant literatures reveal that spillovers effect of FDI shall be researchedand analyzed in terms of certain industry or sectors with the mainstream approach ofpannel data. Variables selection shall focus upon such key factors affectingtechnology spillovers effect as absorpitive ability gap, technology gap, industrialfeatues and FDI features. In analysing technology spillovers effect of FDI over acertain industry, the main features an inccurence manchism of spillovers effect shallbe considered for they are channelled through technological imitation and absorptionroute,training and inflowing of personnel capital, market competiton games. Thecurrent situation of Electronics Manufacturing Industry(EMI) shows that theeconomic benefits of two sectors including Electronic and CommunicationsEquipment Manufacturing and Computer and Office Equipment Manufacturing haveranked the first among all manufacturing industries invested by foreign investment,but vary from Shanghai, Jiangsu to Zhejiang. In addition, the FDI from thesecountries represented by EU, U.S and Japan are dominant, and increases year by year,while FDI from Hong Kong, Macao, Taiwan accouts for a smaller proportion anddecreases year by year. In general, EMI with absorption of FDI has threecharacteristics in technological progress: industrial size grows rapidly, but itstechnological progress is decreasing; it developes in clustering, but its negativefactors of convergence highlights; both sizes of large-scale domestic enterprises andforeign-funded enterprises grows increasingly, but the competitiveness gap beweentwo industries is also obvious.The general empirical analysis on technology spillovers effect of FDI over EMIin Yangtze Delta Region demonstrates that, firstly, as oceans of FDI are introduced, accumulated and absorbed, there exists the positve spillovers effect of FDI over itsEMI,i.e, when1%FDI is absorbed, TEP increases by42.2%; its capital densityreaches41%, showing that there exists scale economies. However, its technologicalprogress relies mostly on expansion of capital. Due to huge technological gap withforeign-funded enterprises, domestic enterprises are seriously inadequate in terms ofconsumption, absorption and innovation of advanced technology, causing personnelcapitals to flow more into foreign-invested enterprises and then resulting in biggersurvival pressure in market competition games. Hence, the channels of spilloverseffect of FDI over EMI in Yangtze Delta Region are impeded. The technologyspillovers effect of FDI from Japan, U.S. and European countries are apparent withits parameter of0.956, and it does also occur in Electronic and CommunicationsEquipment Manufacturing Industry. In a long term, the product manufacturing ofdomestic EMI in Yangtze Delta Region ranks in the low-valued and low-endmanufacturing links, which reflects that domestic enterprises are seriously inadequatein independent R&D investments. To solve above-mentioned problems, theendogenous conversion of advanced technology and technological innovationcapability should be actively cultivated; the introduction ways of FDI should bepositively changed so as to broaden technology spillovers channels, and thetechnological absorption environment featured by cooperation and competition shouldalso be cultivated and improved so as to promote sound development of EMI inYangtze Delta Region. |
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