本文利用我国29个省级单位1993-2009年省级面板数据构建面板门槛模型,以金融发展水平为门槛变量,实证外商直接投资(FDI)对区域创新能力的影响。研究结果发现,金融发展的结构和效率对区域创新能力产生促进作用,而金融发展的规模对区域创新能力的促进作用则并不明显。同时还发现,FDI对区域创新能力的影响显著地存在基于金融发展水平的双门槛效应,只有当区域金融发展水平跨越相应的门槛时,FDI对区域创新能力的促进作用才会更加明显,且各省级单位之间存在较大的差异。本文最后就提高区域创新能力提出了相应的对策建议。
Abstract
Taken financial development as a threshold variable, the influence of Foreign Direct Investment (FDI) on regional innovation capability has been analyzed by using the panel threshold model with panel data of 29 provincial level units from the year of 1993 to 2009. The results are that the structure and the efficiency of financial development could promote regional innovation capability; however the influence of its scale is insignificant. At the same time, there is a double threshold effect between them, and once the regional financial development passes the threshold, the former will promote the latter; what’s more, the difference between the different provincial level units is quite significant. And then, some countermeasures are submitted.
关键词
金融发展 /
外商直接投资 /
区域创新能力
Key words
financial development /
FDI /
regional innovation capability
{{custom_sec.title}}
{{custom_sec.title}}
{{custom_sec.content}}
参考文献
[1] Alfaroa L, Chandab A, Kalemli-Ozcan S, et al. FDI spillovers,financial markets, and economic development[Z].IMF working paper,2003,WP/03/186,3-25.
[2] Cheung K. Y., Lin P. Spillover Effects of FDI on Innovation in China: Evidence from Provincial Data [J].China Economic Review, 2004, (15): 25-44.
[3] Simona Iammarino, Ramon Padilla-P rez. Technological capabilities and global-local interactions: the electronics industry in two Mexican regions[J].World Development,2008,36(10):1980-2003.
[4] Peter B tfering.Regional convergence platforms in Europe-Innovation for space through technology partnerships[J].Acta Astronautica,2010,(66):1520-1524.
[5] Richard C.M. Yam, William Lo, Esther P.Y. Tang, Antonio K.W. Lau.Analysis of sources of innovation, technological innovation capabilities, and performance: An empirical study of Hong Kong manufacturing industries[J].Research Policy,2011,(40):391-402.
[6] Kokko,A.Technology,Market Characteristics,and Spillovers[J].Journal of Development Economics, 1994,(43): 279-293.
[7] De Mello, Luiz. R. Jr. Foreign Direct Investment Growth: Evidence from Time Series and Panel Data [C].Oxford Economic Papers, 1999,51 (1), 133-151.
[8] Aitken, B. and A. E. Harrison.Do Domestic Firms Benefit from Direct Foreign Investment? [J].American Economic Review,1999,(89): 605-618.
[9] Henny Romijn,Manuel Albaladejo.Determinants of innovation capability in small electronics and software firms in southeast England[J].Research Policy,2002,(31):1053-1067.
[10] 陈劲,陈钰芬,余芳珍.FDI对促进我国区域创新能力的影响[J].科研管理,2007,28(1):7-13.
[11] 魏守华,姜宁,吴贵生.本土技术溢出与国际技术溢出效应:来自中国高技术产业创新的检验[J].财经研究,2010,36(1):54-65.
[12] Kavita Mehra.Regional Innovations and the Economic Competitiveness in India[J].The International Handbook on Innovation,2003,(12): 904-914.
[13] Tuomo Uotila, Helina Melkas, Vesa Harmaakorpi. Incorporating futures research into regional knowledge creation and management[J].Futures,2005(37): 849-866.
[14] Dieter M. Urban. FDI, Technology Spillovers, and Wages[J]. Review of International Economics, 2010,18(3), 443-453.
[14] 潘文卿.外商投资对中国工业部门的外溢效应:基于面板数据的分析[J].世界经济,2003(6):3-7.
[15] 陈涛涛,陈娇.行业增长因素与我国FDI行业内溢出效应[J].经济研究,2006(6):39-46.
[16] 郑慕强. FDI 技术外溢与本地企业技术创新:吸收能力的影响[J].科研管理,2011,32(3):1-8.
[17] 黄凌云, 徐磊, 冉茂盛.金融发展、外商直接投资与技术进步:基于中国省际面板数据的门槛模型分析[J].管理工程学报,2009,23(3):16-22.
[18] 钱水土,周永涛. 金融发展、FDI 与我国自主创新能力的门槛模型分析[J].南方金融,2010,410(10):24-29.
[19] W.N.W. Azman-Saini, Siong Hook Law, Abd Halim Ahmad. FDI and economic growth: New evidence on the role of financial markets[J].Economics Letters,2010(107);211-213.
[20] Hansen, Bruce E. Threshold effects in non-dynamic panels: Estimation, testing and inference[J].Journal of Econometrics,1999,93(2):345-368.
基金
国家社科基金重大项目"金融产业经济学研究"(项目批准号:11&ZD141),国家社科基金重点项目"现代农村金融制度构建与创新研究"(项目批准号:08AJY030),中央高校基本科研业务费重点资助项"城乡金融服务差异性问题研究"(项目批准号:CDJXS10022213),中央高校基本科研业务费资助项"统筹城乡背景下重庆市公共服务均等化的政策选择研究"(项目批准号:CDJXS10011126)。
PDF(893 KB)
