According to the data sample of 27 Chinese manufacturing sectors from 1999 to 2007, the panel data analysis method is used to study Foreign Direct Investment(FDI) and domestic investment industry spillover effects. Research found that FDI has higher investment efficiency, the coefficient to industry productivity is positive, but its rather lowe level of technology spillovers is easy to form technical barriers, which is not conducive to productivity improvement. There exist some negative effects for domestic investment to increase the industry productivity, but its rather high level of knowledge spillovers is benefit to the productivity growth. In addition, FDI plays a major positive role in the industries with lower productivity, while reducing negative effects of domestic investment has a big impact on the industry sectors with higher productivity.
Key words
FDI /
domestic investment /
knowledge spillover /
industry effect
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