外商直接投资地区间溢出效应研究

Empirical Evidence on the Regional Spillover Effects of FDI in China

本文利用中国各省区1986—2008年的面板数据和通过建立空间动态计量模型,本文试图实证分析跨国公司投资的地区影响效果。本文主要发现,外资不仅产生地区内溢出,也产生地区间溢出,表明外资在某一地区的投资不仅刺激和提升了本地区生产率绩效,同时也间接带动了其它地区生产率的改进。本文同时发现,地区经济增长中"干中学"的重要性及各地区之间产出的相互依存性。文章讨论了主要结果赋予的政策含义。

Using data of China＇s regions for the period of 1986--2008, this paper has developed a spatial dynamic econometric model to analyze regional effects of foreign direct investment. Our key result shows that foreign presence generates spillovers, both ＂intra-regional＂ and ＂inter-regional＂. This suggests that presence of multinational enterprises in one region stimulates productivity of not only its own region but also other regions. Other findings include evidence of the role of ＂learning by doing＂ and of interdependency of output between regions in enhancing regional economic growth. The key findings of the paper have important policy implications.