FDI,OFDI,technology Progress And Transformation Of Economic Growth Pattern

At present,China's economy is in a critical period of the old and new industrial change and the alternation of the economic development kinetic.The past extensive development mode which relying on factor inputs for rapid economic growth has been difficult to support the high-quality growth of China's economy.The "13th Five-Year plan" Outline,"pointed out that under the new normal stage of development,China will work hard to transform it's economic development pattern-from the pursuit of speed and scale to a high quality development mode,economic development will more rely on innovation drive instead of labor,capital and other factors.The core of innovation diving economic development is promote TFP by technological progress,to achieve high quality,high efficiency,and healthy economic development.Considering the technology spillover effect of FDI,and the reverse technology spillover effect of OFDI,and the influence of domestic independent innovation on the transformation of economic growth mode.It has great practical significance as a guideline for the development of high quality economy.It first points out that two-way direct investment,independent innovation through the impact of technological progress to affect economic growth after prevalent research results of FDI,OFDI,independent innovation and economic growth both at home and abroad.Secondly,it draws lessons from the existing research results,gives explanations on the measurement methods of the indicators,and analyzes the protection trends and distribution characteristics of the indicators.This paper analyzes the mechanism of FDI,OFDI affecting technological progress and the mechanism of FDI,OFDI and technological progress on the economic development pattern,and then uses empirical analysis to analyze the effects of two-way direct investment and technological progress on economic growth mode from the national level and the regional level,respectively.The construction of interactive index to analysis how technical import,imitation innovation impact economic intensification,to make a possible explanation of empirical results.Finally summarized the basic conclusions of this paper,and put forward the corresponding policy recommendations.The dynamic panel estimation of empirical analysis with 30 regions panel data from 1997 to 2016.The empirical research results show that,at the national level,FDI,OFDI,independent innovation all have positive effects on the level of intensive economy;the two contingent factors-IPR(intellectual property protection),and the import dependency can promote economic intensive level.Due to the differences competition intensity of the local market,the level of intellectual property protection,the differences of human capital and direct investment and the development stage,the absorption capacity of FDI and OFDI technology spillover effects varies from region to region,manifesting as the effect of FDI,OFDI,and independent innovation on the intensive growth of the regional economy has big differences.