A Study On The OFDI Reverse Technology Spillover In China

China's net outward foreign direct investment was 196.15 billion dollars in 2016,which makes the cumulative value reach 1,357.39 billion dollars.There are more than 24 thousand Chinese domestic investor which set about 37 thousand enterprises in 190 countries and areas all over the world,and the total asset has achieved 4.37 trillion dollars.The company can get the local developed technology and resource when they invest in the developed countries.After they bring the tech back to their home country,the national technology can be promoted.The present foreign researches about the OFDI reverse technology spillover are mostly focused on the relation between the developed countries.Moreover,Domestic scholars on China's OFDI reverse technology spillover are mostly based at the national or regional data rather than industrial data.To supplement the industry research on the reverse technology effect of OFDI in China,this article uses OFDI's panel data for various industries in China from 2003-2015 and applies C-H and L-P's International R&D Spillover Model to analyze the existence of the reverse technology spillover in china's industry and its difference.Furthermore,this paper applies Hansen threshold model to test the factors which affect the spillover.Empirical results show that there is a significant reverse technology spillover in China's foreign direct investment and there are industry differences.In the tertiary industry,high-tech horizontal industries,technology-seeking industries there is a significant reverse technology spillover,but the reverse technology spillover of primary industry and secondary industry,low-technology industry,resource-seeking industry and market-seeking industry is not significant.Other than,among the factors which affect the industrial differences,human resource,research intensity and industry concentration have double thresholds,external financing dependence has single threshold.As the variable exceeds the threshold,the OFDI reverse technology spillover effect will be significantly improved.