An Empirical Study On The Spillover Effects Of Reverse Technology In China's Foreign Direct Investment

Since the reform and opening up,China has maintained a high-speed economic growth accompanied by a high savings rate.However,the efficiency of capital operation,especially the return on foreign direct investment is still not high enough.In the past few years,the development mode of attracting investment has brought a lot of standardized foreign technology,which has effectively improved the overall technical level of our country.With the continuous improvement of domestic R&D level,the effect of attracting foreign technology learning mode is weakening,and the technical achievements are often lagging behind rather than core technology.At present,China's foreign direct investment has been quite large,under the new era of this technology to learn more direct and effective.Foreign direct investment mainly through the imitation of the model,the flow of talent and platform effects of these three channels led to the new technology from the technical superiority to the home country back,but the academic reverse technology spillover effect of the real existence is still controversial.In this paper,the combination of qualitative and quantitative research ideas,through a large number of literature review carding out of the logical thinking of this article,for the empirical study to do a theoretical basis.Then,based on the provincial panel data from 2005 to 2014,the fixed effect model is used to test the relationship between total factor productivity and foreign direct investment.It is found that the regression result is not significant,that is,the effect of reverse technology spillover of FDI is not significant.Specifically,the country's investment in science and technology capital significantly enhance the level of their own technology,while foreign direct investment has a suppression effect on technological progress.This paper attempts to find out the reason of the technology spillover,and then constructs the threshold regression model to further examine the threshold characteristics of the factors influencing the absorptive factors of the external investment to the total factor productivity,and from the R&D intensity,human capital,economic development and intellectual property protection The level of four aspects of China's reverse technology spill the threshold level.The results show that R&D intensity,human capital and economic development there is a clear threshold effect,starting from each province as a decision-making unit,only to reach the threshold in order to obtain significant spillover effect.Since then,this article has examined the threshold level of intellectual property protection,and has not yielded significant results.Finally,this paper from the government point of view based on the results of the return policy recommendations,the Government should be based on the differences between the provinces of China,for the threshold across the threshold of significant provinces to actively guide foreign investment.And not reach the threshold level of the provinces should strengthen their own scientific research,due to the threshold level of technology has not yet crossed the lower level of technology,the Government should encourage other types of investment,the appropriate reduction in foreign investment flows.