The Research Of Spillover Effects Of Foreign-Funded Enterprise Based On The Industrial Chain Cluster

With the rise of economic globalization, the value chain segmentation and local industry clusters, the traditional foreign investment form is changing. More and more choose the overall industrial chain investment in China, that is foreign companies prefer to make compacted investment around the industry chain We called this phenomenon as "Foreign Clustering Investment (FCI)". The foreign clustering investment performance as such an economic phenomenon:To reduce the cost of production and transaction, and to to share the benefits of agglomeration economies and specialization labor division, and compacted Foreign companies that are distributed in the same industry chain but in different part of value chain as well as having cooperation relationship would like to invest in a certain area and restructure a new industry chain there. For such a new foreign company investment pattern, it will help us make better relevant investment policy and make the clustering investment play maximize spillover effects to clarify the happening mechanism and influencing factors of its spillover effects.After Organizing、concluding and summarizing the conclusions of previous studies, we find that FCI affect the output level of the local enterprise primarily through horizontal spillovers、backward linkage effect and forward linkage effect. In this paper, we select the2001-2008data of Suzhou manufacturing sub-industry which has the most obvious FCI characteristic, and do4sub-model regression analysis of selected samples from the two aspects of the agglomeration effects and industry association. The results of the4models all show that Suzhou Foreign Investment embodied some positive spillover effects to the local domestic enterprises in varying degrees. When considering the interaction effect influence of foreign-funded enterprises foreign-funded enterprises and industry association, the spillover effects of foreign-funded enterprises is more significant. So it is necessary for the government to do a good job to guide the domestic and foreign enterprises to establish a good industry contacting mechanism, then the conditions to maximize the vertical spillover effects of foreign-funded enterprises will be created.