金融效率对FDI技术溢出效应的影响——基于面板平滑转换回归模型

The Effect of Financial Efficiency on FDI Technology Spillover——Based on Panel Smooth Transition Regression Models

通过DEA方法构建金融效率变量并作为转换变量,采用34个工业部门1995—2010年的面板数据,构建非线性面板平滑转换模型,研究金融效率与FDI技术溢出效应的关系.研究发现,金融效率是我国FDI溢出效应的影响因素之一,并具有明显非线性;金融效率对FDI技术溢出影响的主要渠道是后向链接溢出,对前向链接溢出的影响不显著,对水平链接溢出的影响作用显著但较小.经过分析表明,金融稳定是金融效率对FDI技术溢出促进作用的重要因素.

Using the financial efficiency as transition variable based on DEA, adopting the 34 industry sectors panel data during 1995--2010,we build panel smooth transition regression models to study the effect of financial on FDI technology spillover. We found that financial efficiency is an important influencing factor to FDI technology spillover, and the relationship is nonlinear. The most important way of this effect is backward and the effect on forward linkage spillover is not significant, and the effect on horizontal linkag linkage e spillover, spillover is significant but small. Through the analysis, we found that financial stability is one of the important factor of this effect of financial on FDI technology spillover.