中国对美国技术获取型投资的逆向溢出效应研究——基于吸收能力视角

Study on the Reverse Technology Spillover of China's TSFDI in the US:An Absorptive Capacity Perspective

本文利用1985—2012年中国对美国直接投资数据,实证分析中国在美技术获取型FDI的逆向溢出效应。同时,从吸收能力视角考察人力资本、经济开放度、金融发展程度与技术差距对中国在美OFDI逆向技术溢出效应的影响。研究结果表明,中国对美直接投资对我国全要素生产率的提升有明显的推动作用,中美适度的技术差距促进OFDI逆向技术溢出;但中国高级人力资本积累不足和经济开放度及金融发展程度不深制约了中国企业有效吸收先进技术的能力,阻碍了中国对美OFDI逆向技术溢出。

Based on data of Chinals FDI in US from 1985 to 2012, the paper empirically studies the reverse technology spillover effect of China＇s TSFDI in US and impacts on reverse technology spillovers of human capital, economic openness, financial development and technology gap from the viewpoint of absorptive capability. The results show that China＇s FDI in US has a positive spillover effect on domestic total factor productivity and moderate technology gap between two nations benefits OFDI reverse technology spillover （RTS）. However, China＇s absorptive capability and RTS effect is restricted by lack of advanced human capital stock, less in-depth economic openness and financial development.