FDI的内资企业溢出和市场选择效应分析——基于中国产业层面数据的检验

The Spillover and Market Selection Effects of FDI:Evidence from China

本文在Aitkenand Harrison(1999)模型的基础上,同时定量检验我国的FDI溢出效应和市场选择效应。①结果显示:(1)我国FDI存在正的产业内溢出效应,但由于受其他产业FDI的抑制,FDI产业内溢出净效应有限;(2)FDI产业间溢出效应远大于产业内溢出净效应;(3)外资对我国内资企业市场选择效果显著,但这种作用小于FDI的溢出效应;(4)开放度越高的产业外资溢出效应和市场选择效应影响越显著。

Recent papers dealt mainly with intra and inter-industry FDI spillover effects, while this paper measures both the FDI spillover effect and market selection quantitatively based on Aitken and Harrison＇ s model. We found some outstanding results： （1） Intra-industry FDI spillover effects are positive and significant, but the net intra-industry FDI spillover effect is limited as discounted by overall FDI; （ 2 ） Inter-industry FDI spillover far outweighs intra-industry spillover; （ 3 ） market selection is positive and significant,but its effect is less than FDI spillover; （4） the industry with higher FDI gains higher spillover and greater market selection.