The Effect Of Yunnan 's Reverse Investment Spillover On ASEAN Direct Investment And Its Impact On Economic Growth

In the rapid development of economic globalization background, internatio nal capital flow increase rapidly. Countries to attract foreign investment to ente r and at the same time, more and more China multinational companies began t o move towards the world. Outward Foreign direct investment(OFDI)increas ed rapidly, many multinational enterprises hope to get technology spillover eff ect of foreign direct investment of the access to investment in the host countr y and technology spillover.Yunnan is one of the most important provinces in southwestern China,adj acent to the East and Southeast Asia,the subcontinent of South Asia,the Me kong River Basin and Burma,Laos,Thailand,Kampuchea,Viet Nam,Mala ysia,Singapore and other countries and close. At the same time,Yunnan Provi nce as China’s opening to Southeast Asia "bridgehead" clearly pointed out in its "Twelfth Five Year Plan" : "promoting Yunnan and ASEAN in particular coope ration in all areas,traffic,energy,mineral resources,agriculture,tourism,e ducation,culture,health and other big Mekong River Sub region,South Asia,expand trade and mutual investment scale and level". In recent years, with the s ubstantial progress Chinese ASEAN Free Trade Area,Yunnan has formed the Omni-directional,multi-level for Southeast Asia,wide-ranging opening pattern,and the ten ASEAN countries in bilateral trade,mutual investment,project co ntracting and other fields of mutually beneficial cooperation to achieve rapid d evelopment,gained fruitful results.Under this background, this paper first studies and review of the existing l iterature,the classical theory of foreign investment,reverse technology spillover t heory in detail carding. At the same time in the theoretical analysis of OFDI re verse technology spillover effect and its mechanism on economic growth. Tha t developing countries can get reverse technology spillover through OFDI,and t hrough the technology absorption,transfer and transformation of access to tech nology progress to improve productivity.On the basis of theoretical analysis, this paper takes Yunnan as the backg round of OFDI of SEAN,Yunnan and ASEAN OFDI analyzes the status quo of crosswise and longitudinal two aspects. And through the co integration test,Gr ainger Granger causality test,impulse response function,from the perspective of empirical analysis of the impact of OFDI reverse technology spillover on eco nomic growth of Yunnan province.The results show that:first,Yunnan province’s direct investment in ASE AN existing reverse technology spillover effect,and has a significant role in pro moting the economic growth of Yunnan province. In the short term the reverse technology spillover effect of the impact on the economy is positive,the valu e of the elastic coefficient of elasticity is greater than that of Yunnan province(0.082>0.028),reverse technology spillover effect of FDI to ASEAN’s role in pr omoting economic growth is greater than the ASEAN foreign direct investment i n Yunnan. Second,growth and OFDI reverse technology spillover effect of econ omy of Yunnan province cross for Grainger cause. OFDI reverse technology spil lover effect on Yunnan province economic growth has played a positive role in promoting,at the same time,economic growth will also promote a positive i ncrease in OFDI reverse technology spillover effect. Third,a shock LNOFDI by external conditions will be transmitted to the LNGDP through the spillover ch annels,and to bring GDP to the impact of the same,and this impact has prom oting effect and long term sustainable effect significantly. At the same time O FDI reverse technology spillover effect is conducive to promoting the transform ation of the mode of economic growth in Yunnan province.Finally,Combined with the analysis of the theoretical analysis and empiri cal results,this paper from the two angles of the government and the enterpris e gives the corresponding policies and suggestions.