A Research On Reverse Technology Spillovers Of OFDI

Since the reform and open policy,our country adopt the strategy of "exchanging market with technology" by attracting foreign direct investment and indirectly access to foreign companies' advanced technology,it promotes the development of the economy.Due to the quick technical progress in China,and also the foreign mature standardization technology is difficult to absorb,so we have to find new ways to get foreign advanced technology.Research shows that by setting up research and development institutions,mergers and acquisitions in overseas can feedback the leading technology of foreign country to the home country through overseas subsidiaries,and promote the technical progress of home country.At present,our country is in the critical period of economic transition and the upgrading of industrial structure.Through industry choice of foreign direct investment,access to industry leading countries' advanced technology,it helps to accelerate the pace of China's industrial structure adjustment.Therefore,based on the data of various sectors,the thesis examined reverse technology spillover effect of outward foreign direct investment.Theoretical part of the thesis mainly explains the basis of technology spillovers of outward foreign direct investment from strategic asset seeking theory and theory of international technology spillovers.The traditional theory does not show research on outward foreign direct investment in developing countries,so it cannot well explain the increasing phenomenon of the outward foreign direct investment in developing countries.Strategic asset seeking theory comes into reality under this situation,it explains some companies in developing countries which do not have specific advantage conditions still do outward foreign direct investment,and provides a theoretical basis for developing countries to obtain the host country's advanced technology through outward foreign direct investment.If strategic asset seeking theory argues that the main reason for developing countries' outward foreign direct investment behavior is to acquire advanced technology,the theory of international technology spillover mainly explains how technology transfer between countries,and how to measure the effectiveness of the technology transfer.Empirical analysis of this thesis researches on the reverse technology spillover effect of outward foreign direct investment from the perspective of industry difference,and based on the factors of absorptive capacity of industries and the Hansen threshold model empirical analysis of the outward foreign direct investment threshold characteristics of reverse technology spillover,and estimates the positive reverse technology spillover specificthreshold value of the threshold variables.In this paper,the research results show that reverse technology spillover of outward foreign direct investment has obvious differences in industry.After considering the endogenous model,the impact of outward foreign direct investment on total factor productivity and technical change is significantly positive,it indicates the presence of reverse technology spillover effect of outward foreign direct investment in various sectors of the national economy.According to the threshold model,reverse technology spillover effects of outward foreign direct investment shows that outward foreign direct investment in the industry on technical change and total factor productivity has obvious threshold characteristics,and when each threshold variable across the threshold value,reverse technology spillover of outward foreign direct investment becomes more significant.