A Study On The Reverse Technology Spillover Effect Of Chinese OFDI

This paper discusses the reverse technology spillover effect of China's foreign direct investment,that is,whether China's high-growth foreign direct investment in recent years can reverse the return of foreign advanced R&D technology from foreign direct investment channels to Chinese enterprises and make China's technology The level has been improved to promote the effective improvement of productivity.On the theoretical side,it analyzes the four motivations of the technology seeking enterprises to carry out the foreign direct investment and finds that the foreign direct investment can save time cost and capital cost compared with their own R&D,bypass the technical barriers of the developed countries and speed up their own technology The speed of progress.At the same time,this paper also analyzes the mechanism of technology spillover effect and finds that enterprises can integrate into the developed countries with knowledge-intensiveenterprises through direct foreign direct investment,which can deliver the technology directly to the parent company through the purpose of direct acquisition.The company's ongoing research and development will continue to send and return the results of research and development.In addition,the factors that affect the technology spillover are discussed.It is considered that the technological gap between the government and the two countries,the technology absorptive capacity of the investment country and the ability of the enterprise to embed the external network will affect the reverse technology spillover effect of the foreign direct investment.On the basis of co-integration test,the relationship between the total factor productivity and the domestic R&D capital stock from 1990 to 2014 is estimated by using the annual data of the foreign direct investment stock after the conversion.,It is concluded that the increase in domestic R&D and foreign direct investment will promote the improvement of total factor productivity both in the short and long term.The analysis of the mechanism of foreign direct investment and the analysis of the mechanism of reverse technology spillovers explain why the enterprises should carry out foreign direct investment and the analysis of the influencing factors shows that the foreign direct investment behavior of enterprises will be affected by various factors,Direct investment to be considered,make scientific decisions.The empirical results show that the foreign direct investment behavior of Chinese enterprises can bring the reverse technology spillover effect.Therefore,it is suggested that the national level should continue to implement the strategy of "going out" and bring policy support to the enterprise.Investment can promote the upgrading of technical level,for enterprises to establish confidence.