The effect of OFDI reverse technology spillover effect on technology progress in China

Science Research Management ›› 2015, Vol. 36 ›› Issue (12) : 56-64.

Li Yan^1,2, Li Yingbo²

Author information +

History +

Abstract

The stock of outward foreign direct investment(OFDI)from China surged after 2008.One main reason for this phenomenon is to obtain knowledge transfer from the host countries in order to improve the technology level of China. Using 32 aspects of 81 countries from 7 economic entities in the period from 2004 to 2011,and based on the corrected reverse knowledge spillover model, this paper first calculates the amount of knowledge transfer from each economic entity, and then analyzes the relationship between OFDI and FDI in promoting the technological progress in China based on the threshold model. What's more, specific empirical analysis for each economy is made based on 2SLS model. Finally, specific policy proposals are given.

Key words

outward foreign direct investment(OFDI) / reverse technology spillover / technology progress / economic entity

Cite this article

EndNote

Ris (Procite)

Bibtex

Download Citations

Li Yan, Li Yingbo. The effect of OFDI reverse technology spillover effect on technology progress in China[J]. Science Research Management. 2015, 36(12): 56-64

References

[1] Song J, Asakawa K, Chu Y. What determines knowledge sourcing from host locations of overseas R&D operations? A study of global R&D activities of Japanese multinationals[J]. Research Policy, 2011, 40(3):380-390. [2] Riviezzo A. Acquisitions in knowledge-intensiveindustries:Exploring the distinctive characteristics of the effective acquirer[J]. Management Research Review, 2013, 36(2):183-212. [3] Iwasa T, Odagiri H. Overseas R&D, knowledge sourcing, and patenting:An empirical study of Japanese R&D investmentin the US[J]. Research Policy, 2004, 33(5):807-828. [4] Anand J, Delios A. Absolute and relative resources as determinants of international acquisitions[J]. Strategic Management Journal, 2012, 23(2):119-134. [5] Stoian C. Extending dunning's investment development path:The role of home country institutional determinants in explaining outward foreign direct investment[J]. International Business Review, 2013, 22(3):615-637. [6] Wei Y, Zheng N, Liu X et al. Expanding to outward foreign direct investment or not? A multi-dimensional analysis of entry mode transformation of Chinese private exporting firms[J]. International Business Review, 2014, 23(2):356-370. [7] Seyoum M, Wu R, Yang L. Technology spillovers from Chinese outward direct investment:The case of Ethiopia[J]. China Economic Review, 2015, 33:35-49. [8] 张化尧,王赐玉.国际技术扩散:基于TFP的多渠道外溢分析[J].科研管理, 2012(10):17-25. Zhang Huayao,Wang Ciyu. International technological diffusion:A multiple spillovers channels analysis based on TFP model[J]. Science Research Management, 2012(10):17-25. [9] 沈能,赵增耀.空间异质性假定下OFDI逆向技术溢出的门槛效应[J].科研管理, 2013(12):1-7.Shen Neng,Zhao Zengyao. A study on the threshold effect of reverse technology spillovers from OFDI based on the spatial heterogeneity hypothesis[J]. Science Research Management, 2013(12):1-7. [10] 尹建华,周鑫悦.中国对外直接投资逆向技术溢出效应经验研究——基于技术差距门槛视角[J].科研管理, 2014(3):131-139.Yin Jianhua,Zhou Xinyue. Empirical research on reverse technology spillover effect in China's outward FDI-From the perspective of technology gap threshold[J]. Science Research Management, 2014(3):131-139. [11] 郑展鹏.国际技术溢出渠道对我国技术创新影响的比较研究-基于省际面板数据模型的分析[J].科研管理, 2014(4):18-25.Zheng Zhanpeng. Comparative studies of the effect of international technology spillover channel on technological innovation in China:Based on provincial panel data model[J]. Science Research Management, 2014(4):18-25. [12] 鲁万波,常永瑞,王叶涛.中国对外直接投资、研发技术溢出与技术进步[J].科研管理, 2015(3):38-48.Lu Wanbo,Chang Yongrui,Wang Yetao. Outward foreign direct investment,R&D spillover and technical progress in China[J]. Science Research Management, 2015(3):38-48. [13] 刘美玲,黄文军.进出口贸易、对外直接投资和国际技术溢出效应——基于我国1999~2012年省际面板数据的实证[J].工业技术经济, 2015(2):48-54.Liu Meiling,Huang Wenjun. International trade,foreign direct investment and international technology spillover-based on China's provincial panel data from 1999 to 2012[J]. Journal of Industrial Technological Economics, 2015(2):48-54. [14] 田巍,余淼杰.企业生产率和企业"走出去"对外直接投资:基于企业层面数据的实证研究[J].经济学(季刊), 2012(2):383-408.Wei Tian,Miaojie Yu. Firm productivity and outbound foreign direct investment:A firm-level empirical investigation of China[J]. China Economic Quarterly, 2012(2):383-408. [15] 蒋冠宏,蒋殿春.中国企业对外直接投资的"出口效应"[J].经济研究, 2014(5):160-173.Jiang Guanhong,Jiang Dianchun.Outward direct investment and export[J].Economic Research Journal, 2014(5):160-173. [16] 陈岩,翟瑞瑞,韩文征.国际化战略、逆向技术溢出与企业成长——整合资源与制度视角的中国企业经验分析[J].科研管理, 2014(6):24-32.Chen Yan,Zhai Ruirui,Han Wenzheng. Internationalization strategy,reverse technology spillovers and firm growth-Anempirical analysis of Chinese firmsfrom integrating resource and institution perspective[J]. Science Research Management, 2014(6):24-32. [17] 李燕,李应博. OFDI反向技术溢出对我国经济增长的影响——基于对东盟的实证研究[J].科学学与科学技术管理, 2013(7):3-11.Li Yan, Li Yingbo. The effect of OFDI reverse technology spillovers from the ASEAN on China's economic growth[J]. Science of Science and Management of S.&T,2013(7):3-11. [18] 李梅.国际R&D溢出与中国技术进步——基于FDI和OFDI传导机制的实证研究[J].科研管理, 2012(4):86-92+130.Li Mei. International R&D spillovers and technological progress in China based on the transmission mechanisms of FDI and OFDI[J]. Science Research Management, 2012(4):86-92+130.