Reverse Technology Spillover Effect of China's OFDI and Its Influencing Factors: Study from the Perspective of Absorptive Capacity
PIAO Yingai1, YU Hong2, ZHOU Xinhong2
1. Northeast Asian Research Center, Jilin University, Changchun 130012, China; 2. Northeast Asian Studies College, Jilin University, Changchun 130012, China
Abstract Based on the analysis of the reverse technology spillover mechanism of China's foreign direct investment, this paper empirically tests the reverse technology spillover effect of China's OFDI and its influencing factors by using the inter-provincial panel data from 2003 to 2019. The study shows that the reverse technology spillover effect of OFDI has not yet appeared nationwide, but the influencing factors that characterize the absorptive capacity of the home country, such as the intensity of R & D investment, the level of human capital, the technological gap with the host country, the level of economic development, the level of opening to the outside world and the government's support for R & D, can significantly promote the diffusion of reverse technology spillover effect nationwide. The sub-regional test results show that the eastern region's OFDI achieves the reverse technology spillover effect, and except for the level of financial development, other factors related to absorptive capacity significantly promote the realization of the reverse technology spillover effect. Among them, the level of human capital contributes the most.And at the same time, the technology-seeking OFDI in the eastern region and its absorptive capacity of advanced technology to a certain extent led to the appearance of reverse technology spillover effects in the whole country.The foreign direct investment in the central, western and northeast regions has no significant impact on the total factor productivity of the region, and the reverse technology spillover effect has not yet appeared, except for the opening level of the northeast region. Other regional absorptive capacity-related factors do not have a positive impact on reverse technology spillover in this region.
PIAO Yingai,YU Hong,ZHOU Xinhong. Reverse Technology Spillover Effect of China's OFDI and Its Influencing Factors: Study from the Perspective of Absorptive Capacity. Economic Survey, 2022, 39(5): 045.
2022, Vol. 39 
