The influence of financial development and FDI on regional innovation capability

Ran Guanghe; Xu Kun; Lu Zhaoyang

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Science Research Management ›› 2013 ›› Issue (7) : 45-52.

The influence of financial development and FDI on regional innovation capability

Ran Guanghe¹, Xu Kun^1,2, Lu Zhaoyang¹

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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.

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financial development / FDI / regional innovation capability

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Ran Guanghe, Xu Kun, Lu Zhaoyang. The influence of financial development and FDI on regional innovation capability[J]. Science Research Management. 2013(7): 45-52

References

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