Study On The Relationship Between FDI’s Technology Spillovers And Independent Innovation Of China’s Enterprises Based On Cointegration Theory

From China’s opening-up policy and the introduction of a large number offoreign investment to become the world’s first FDI uptake in developing countries,FDI’s technology spillovers have a great impact on the independent innovation ofChina’s enterprises. Useing the intrinsic relationship between FDI’s technologyspillovers and the independent innovation of China’s enterprises method to study theChina’s FDI policy has become the hot focus among Domestic academic circles. Byanalysis of the empirical findings, we can fully understand the FDI’s technologyspillovers relationship with China’s independent innovation of enterprises, and puttingforward the feasibility suggestion for related policy introduced FDI in China, in orderto promote the development of China’s independent innovation capability.This paper mainly from the two major aspects of theoretical and empirical，Through the use of a combination of qualitative and quantitative to analysis therelationship between FDI’s technology spillovers and our enterprise independentinnovation. The paper is divided into three parts：The first part contains the first two chapters, mainly introduces the researchbackground and research significance, sums up the current domestic and internationalresearch. Put forward the study contents, methods, technical route and innovations.Introduces the research supporting the theory related to this paper, including thecointegration theory, FDI’s technology spillovers theory and Enterprise independentinnovation theory, Lay the theoretical foundation for this research. This study has laida theoretical foundation.The second part contains the third and fourth chapters. First of all, it points outthat the structure of foreign investment in the process of China’s use of FDI’stechnology spillovers effect unreasonable and problems in multinational companiesengaged in FDI activities. Then analysis from the three aspects of the current situationof China’s independent innovation of enterprises, including the scientific andtechnological activities, research funding and output of scientific and technologicalachievements. Finally from the paths and FDI’s technology spillovers influencingfactors analysis of FDI’s technology spillovers effects of independent innovation of China’s enterprises.The third part contains the fifth, sixth and seventh Chapter. Through the use ofempirical research, cointegration analysis of time series of China’s actual use offoreign capital and patents granted total patents granted between1990to2010years.Draw the cointegration relationship exists between the Amount of the actualutilization of FDI for the years1990-2010and Total patents granted.The long-runequilibrium relationship between China’s FDI’s technology spillovers andindependent innovation capability. It can be seen through the respective errorcorrection model in some short period of time of each variable will deviate from theequilibrium state, and adjusted to a certain degree of adjustable speed, the greater theabsolute value of the coefficient of adjustment faster.By Granger causality test can beseen that there is a causal relationship between FDI’s technology spillovers and theindependent innovation of China’s enterprises, verify the feasibility of FDI’stechnology spillovers to improve China’s independent innovation capability, at thesame time, two-way causality confirmed enhance the capability of independentinnovation of China’s enterprises also contribute to the further introduction of foreigninvestment. In response to these conclusions, the strategy of China’s use of FDI’stechnology spillovers enhance independent innovation capability, including theimprovement of the macro-level introduction of FDI-related policies and laws andregulations, the establishment of a fair and orderly market environment, improve thescale, quality and structure of the introduction of FDI to encourage multinationalcompanies to set up R&D institutions in our country and improve the flow of talentmechanisms to strengthen human capital development; the further level to furtherstrengthen the construction of industrial clusters, promote FDI technolo gy spillover,optimize the FDI distribution of industrial structure, deepen and foreign-fundedenterprises, industrial linkages and change FDI regional distribution imbalance;micro-level changes in corporate attract investment ideas to improve their ownabsorption capacity, improve the comprehensive ability of enterprises to accelerateinnovations into, establish and improve the talent mechanism to train high-qualitypersonnel and deepen the foreign-funded enterprises association, active to carry outthe exchange interaction and the R&D cooperation. Finally, the full text summarizesthe research results and insufficient to make outlook for future research.