| Since the policy of reform and opening up,foreign direct investment has been an important way to introduce foreign funds and technology.For many years,the actual use of foreign capital has risen,foreign direct investment in China not only increase the total import and export volume,increase fiscal levy,drive China’s economy to maintain good operation.Relying on technology has the characteristics of liquidity overflow,foreign have advanced production and management experience,will also through to China by the form of direct investment.The technology spillover effect brought by foreign direct investment will drive local enterprises to achieve technological breakthroughs and innovation.They will gradually get rid of the situation that technology has controlled by people through the innovation and development of core technologies,in order to achieve high-quality economic growth.As a country with traditional geographical advantages with China,Korea’s direct investment in China has wavelike rose since the establishment of diplomatic relations.According to China’s statistics,the cumulative number of enterprises and actual investment in Korean direct investment in China are still rising.Therefore,this paper takes Korean direct investment in China as the research object to analyzes the impact of its technology spillover effect in China.This paper carries out the research through the combination of qualitative analysis and quantitative analysis.In the qualitative analysis,sort out the relevant process,location distribution,industry distribution and the motivation of Korean direct investment in China.Korea’s direct investment in China has received the impact of the international economic environment,and its investment has declined significantly during the economic crisis,but the overall trend is rising in volatility.In terms of location distribution,South Korea’s foreign investment was concentrated in the eastern Circum-Bohai Sea Economic Zone and the three provinces in Northeast China.In recent years,it has gradually expanded to the economically developed areas,which along the Yangtze River Delta region.In terms of industry distribution,the important area of Korean direct investment in China is manufacturing industry.Entering the Chinese market has become the primary purpose of most direct investment from Korean enterprises to China.Secondly,the paper analyzes the imitation effect,competition effect,correlation effect and training effect,which can produce the technology spillover effect from Korean direct investment.In the quantitative analysis,according to the Cobb Douglas production function the total factor productivity of different provinces and cities can be calculated.Then,the total factor productivity of various provinces and cities was used as data and applied to the technical spillover effect model brought by Korean direct investment to China,and the quantitative analysis results were obtained.Quantitative analysis results show that the average scale of Korean direct investment in China and the scale of foreign direct investment except Korea have negative impact on the total factor productivity of relevant provinces in China,which is not conducive to the growth of China’s technological progress.Other foreign direct investment except Korea,the average scale of South Korean direct investment in China,the dependence of foreign trade of various provinces in China,as well as the scientific research investment of various provinces all play a positive role in promoting the growth of China’s technological progress.In the end,the article analyzed the empirical results and made relevant policy suggestions.In order to reduce its dependency on foreign direct investment at the current stage,China should invest through scientific research investment,independent innovation of core technologies,continue to expand the process of opening up to the outside world,and drive industrial transformation and upgrading through international trade to achieve high-quality economic development. |
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