Research On The Reverse Technology Overfow Of Outward Foreign Direct Investment's Influence To Value Chain Status

Value chain theory has improved constantly,comprehensively explains the process of creating and distribution value,with the view of the promotion of China's high technology industry value chain position,it has theoretical and realistic significance.On the one hand,the position of the value chain embodies the technology level,on the other hand,outward foreign direct investment plays an important role in getting the reverse technology overflow,and promoting the value chain position.So this article from the perspective of outward foreign direct investment of reverse technology overflow,measured by export complexity,to research the the path of the value chain position's ascension.We reflect the value chain position of high technology industry in our country by measuring export technical complexity of high technology industry products.The higher the position of an industry value chain,insist on the higher technical complexity of its products,which need the higher the heterogeneity of intermediates.At the same time,research and development of high technology enterprise in the middle of the product also takes higher technical level.And because of its difficult research and development,facing the high risk and uncertainty.The outward foreign direct investment is beneficial to relieve the challenge of money problem and get the reverse technology overflow,gain the high technology human capital,knowledge capital and advanced technology,to promote investor to obtain a higher degree of technical complexity of the product,form of comparative advantage,and enhance the value chain.Based on reverse technology overflow theory and the theory of global value chain,from reverse technology overflow point of view,this paper discusses two paths of outward foreign direct investment reverse technology overflow to improve the the value chain position: One is that outward foreign direct investment technology spillovers through reverse conduction path to promote the value chain;The second is to improve the ability to absorb to strengthen foreign direct investment to improve the status of the value chain.In this paper,by using theoretical and empirical model,to analysis examined the above two paths.In theory aspect: Firstly,we analyzed the the status of reverse technology spillovers of outward foreign direct investment and the value chain position in China high technology industry,it is concluded that reverse technology overflow of outward foreign direct investment could influence the assumptions of the value chain position;Secondly,from the micro mechanism for building products production function model of reverse technology overflow and foreign direct investment on the microscopic mechanism of reverse technology overflow,use the "cost model" analysis of the industry productivity levels,and then study the reverse technology overflow shift up the value chain position between the theoretical mechanism;In the end,we use Dixit-Stiglitz monopolistic competition model,the introduction of the concept of "adjustment cost",to explore the reverse technology overflow,with its status in absorbing ability under the action of value chain between the microcosmic mechanism.In the empirical aspects: Based on the theoretical analysis of the two paths before construction of econometric model,we use the feasible generalized least squares method(FGLS)on high technology industry in China from 2000 years to 2014 years of the panel data for the empirical test.Finally,based on the above theory and empirical research demonstration,this paper puts forward measures and suggestions to enhance the value chain position by the reverse technology overflow of outward foreign direct investment.