Research On The Reverse Technology Spillover Effects Of China’s Enterprises Outward Foreign Direct Investment

Since the mid1980s when endogenous growth theory has been produced, the international technology spillover researches have become an important topic of economics field. According to this theory, endogenous technological progress is determinants of ensuring sustained economic growth, and Technology Spillovers is relatively important to technology progress of a country. This technology progress is not only dependent on the domestic R&D capital input, also on foreign capital produced through trade, foreign direct investment and outward foreign direct investment channels. For a long time, through the Empirical Test, many scholars at home and abroad finds that several channels can bring reverse technology spillover effect, but they always study developed country. Although recently with the rapid development of Chinese economy and the increase in foreign exchange reserves, the OFDI of Chinese enterprises gradually gained the attention of many experts, but mostly concentrated in the location selection of foreign direct investment, influence factors and industrial upgrade, lack of research on technology reverse spillover. In view of this, this article from the angle of OFDI, and with the econometric model analyses reverse technology overflow effect of OFDI, which has very important real sense for viewing the current OFDI situation rationally and making scientific and reasonable policy suggestions in such back ground.Firstly this paper defines the relevant concepts and analyzes reverse technology overflow effect mechanism and path produced by OFDI on the basis of analysis of theories of OFDI in developing countries. Secondly, combined with the development history and present situation characteristic of China’s OFDI, it provides realistic basis for the subsequent empirical. Finally, with model building, this article utilizes twenty-one years’statistical data empirically test the influence of every channel on China’s total factor productivity and the size.Based on the previous theoretical and empirical analysis, there is no significant positive effect on China’s total factor productivity of OFDI, while FDI and domestic R&D capital have significantly positive effect, which explains the technical progress of our country still basically relies on the overflow of foreign capital through FDI channel and domestic capital. For that reason, according to the empirical results and analysis of the present situation, this article put forward the relevant policy recommendations from the macro and micro aspects.