Reverse Technology Spillover Of OFDI In China

Under the background of the development of economic globalization and the continuous expansion of the international division of labor,the global value chain division of labor system has gradually formed.After more than 40 years of Reform and Opening-Up Policy in China,in order to further enhance the competitiveness of major industries in the international market,all industries and enterprises are actively integrating into the global value chain,but today Chinese enterprises are still in the middle and lower reaches of the global value chain with low added value.Outward foreign direct investment is one of the important ways for Chinese enterprises to participate in the division of labor in global value chain.In the activities of outward foreign direct investment,Chinese enterprises learn their advanced technology and management experience by cooperating with advanced enterprises in developed countries,which is of great significance to improve the technological level of Chinese enterprises and the position of Chinese industries in the global value chain.Are the activities of enterprises' outward foreign investment related to the position of China's industry in the global value chain? What impact will the GVC(Global Value Chain)has on Chinese enterprises to acquire technology from host countries through outward foreign direct investment and enhance their own technological strength through reverse technology spillover,thus promoting technological progress in the industry and even in the country? These are important issues worthy of in-depth discussion.This paper attempts to study the relationship between global value chain and China's outward foreign direct investment,and the impact of global value chain on reverse technology spillover through China's outward foreign investment.Therefore,the topic of this paper has important practical significance.Focusing on the main objectives of the study,this paper first theoretically analyses the mechanism of the impact of global value chain on the reverse technology spillover effect of outward foreign direct investment,then analyses the main ways of China's three major industries participating in the global value chain and the position of the three major industries in the global value chain,and then tests the reverse technology of China's outward foreign direct investment by means of econometric analysis.Finally,according to the conclusions of theoretical and empirical analysis,the paper puts forward corresponding policy recommendations.This paper uses the method of combining theory with empirical analysis to carry out the research in five parts.The first part is the introduction,which mainly introduces the background and significance of the topic,summarizes the literature related to the topic,explains the research methods,ideas and main contents,and points out the innovation and shortcomings of this paper.The second part is the first chapter of this paper,which is the theoretical research part.It mainly discusses the theory related to global value chain and reverse technology spillover of outward foreign direct investment from the theoretical point of view.It also analyses the path of global value chain influencing reverse technology spillover of outward foreign direct investment from the macro,meso and micro levels.The third part is the second chapter,which mainly discusses the status of the three major industries in the global value chain,and explores whether the reverse technology spillover of China's foreign direct investment has played a full role in promoting the upgrading of Chinese enterprises' technological level.The fourth part is the third chapter,which is the empirical analysis part.Based on the established econometric model,this part uses panel data of 12 industries in China from 2003 to 2012 to make regression analysis,focusing on the direction and extent of the impact of global value chain on reverse technology spillover effect in the three major industries' outward foreign direct investment activities in China.The last part is the conclusion and suggestion.It mainly summarizes the conclusions of theoretical and empirical analysis.Based on the conclusions,it provides policy suggestions for the government to promote the transformation and upgrading of the three major industries while reverse technology spillover of outward foreign direct investment improves the technological level of Chinese enterprises.The innovation of this paper is mainly embodied in the innovation of research perspective which is the reverse technology spillover effect of China's outward foreign direct investment from the perspective of global value chain.Due to the availability of data,the empirical analysis of this paper fails to consider the impact of global value chain on reverse technology spillover effect of China's outward investment in recent years,which is the biggest drawback of this study.