China's FDI Utilization Efficiency Research

Foreign direct investment(FDI) as an important form of the international capital flow, obtained the rapid development in the world since the 1990 s. In the process of the globalization, the economic is profound adjustment, and FDI plays an important role in the economic development in our country. China is the biggest foreign direct investment. on the one hand, facing the international competition of domestic company in fierce competition, cooperation with multinational companies is becoming more and more frequent; On the other hand, China's economic growth pattern rely on the elements of a large number of inputs and the number and size when using the one-sided pursuit of FDI while ignore the quality of FDI utilization and so on. Improving the utilization efficiency of FDI can boost the economic growth. In addition to, the technology spillover of FDI can promote the technology innovation in host countries. Therefore, research of FDI utilization efficiency, and strengthen the foreign study, no matter in theory or in practice, has the vital significance.First of all, the paper uses the traditional DEA model to analyze static efficiency of FDI utilization in our country. Known from the analysis of the static efficiency, the FDI utilization is efficiency only in Beijing, Shanghai, Tianjin and Qinghai regions of our country, and FDI utilization efficiency presents the pattern of "middle is strong, weak both ends". Secondly, in order to analysis China's foreign capital utilization efficiency since the accession to the WTO,the article use Mulmquist production index method and clustering analysis to survey from the data 2003to2013. Overall, China's FDI utilization efficiency in a steady growth trend; besides, FDI utilization efficiency exist differences between different regions. Finally, considering the externality, the article from the indirect effect of FDI, FDI technology spillover of perspective, using panel data from 2003 to 2013, establish econometric model, using the panel threshold regression, respectively from the national and regional level, the analysis of the key factors restricting foreign direct investment technology spillovers play threshold characteristics. Research, field level, the level of economic development to promote FDI technology spillover mainly embodied in the eastern parts of the economy...