FDI Technology Spillover Effect
|Keywords||Foreign Direct Investment Technology Spillover Manufacturing|
FDI on economic growth in developing countries, the positive effects are: increase in capital stock, to improve the quality of investment, ease the employment pressure, and so on. People generally believe that foreign direct investment in the host country's economic growth lies in the fundamental positive impact to help the host country through technology spillovers onto endogenous economic growth path. Attract investment in China has become the world's largest developing countries in the context of foreign direct investment on China's technology spillover effect of also increasing. However, studies are mostly concentrated in the industry spillover effects on inter-industry technology spillovers little empirical research. More and more scholars realized FDI spillovers are more likely to occur in nature rather than between industries within the industry. As China's manufacturing industry is the most important sector in the country attracted about 2/3 of foreign direct investment. Therefore, this paper, 1999-2006 8 years of manufacturing 26 industries 208 panel data, the study focused on foreign direct investment and technology spillover effect of inter-industry factors, and foreign direct investment in the industry and inter-industry spillover effects analyzed and compared. Combined input-output tables related information, refresh this calculation is suitable 26 manufacturing sub-sectors to use \This study focused on four kinds of impact of FDI technology spillover effect characteristic factors: time trends, industry associations, industry concentration, the technology gap. Currently, research on the industry concentration and the technology gap more discussion, time trends and industry related research is almost none. Grouping and even multiply equation two tests ways to strengthen the credibility of the conclusions of the article. Overall, the author found a positive foreign direct investment within the industry and backward technology spillover, the negative effects of market competition and forward linkage effects, backward linkage effects than other forms of technology spillovers more important and significant. In addition, FDI spillovers will disappear over time, mainly due to narrowing the gap between domestic and foreign technology. Industry associations, industry concentration technology gap between domestic enterprises and the industrial added value and the impact of FDI technology spillover different.