Research On Technology Spillover Effects Of China’s Foreign Direct Investment In Revers

With the deepening of reform and opening up,more and more domestic enterprises go abroad,in order to seek greater development space.Chinese enterprises "going out",not only to bring a host of suitable technology to provide more jobs and tax revenue to promote the economic development of the host country,at the same time shift the domestic excess capacity,led China’s exports,access to scarce resources,in particular its technical spillover effects contributed to enhance the technical level of domestic enterprises.From the total factor productivity(TFP)perspective study on China’s foreign direct investment(ODI)of spillover problems.First,China’s ODI size,industry distribution,investment areas three aspects of the status of China’s foreign direct investment and problems;then ODI spillover theory,feedback from the results of research and development,R&D cost-sharing,human capital flow regard,industry association analyzes the technology spillover effect mechanism of ODI;By constructing Chinese FDI technology spillover model,TFP,domestic R&D stock of foreign R&D capital stock acquired by the three variables were estimated ODI channels;and further constructed vector error correction model of the dynamic relationship between the three variables tested,according to the theoretical and empirical analysis,the following conclusions:ODI technology spillover to improve our TFP has a certain effect,seen from empirical test,ODI channels obtained through foreign R&D capital stock for each 1%increase in average TFP will allow increase of 0.094734%.However,this effect is significantly less than for domestic research and development to enhance the role of TFP(TFP impact on domestic R&D rate of 51.23%),mainly because of China’s own lack of digestion and absorption capacity,can not fully absorb the ODI spillover.However,although ODI spillover to some extent,enhance the level of domestic TFP,but the contribution rate is low.Further,the variance decomposition analysis concluded that the contribution rate of domestic R&D is much larger than the contribution rate of ODI spillover.