人力资本与不同要素密集度行业的OFDI逆向技术溢出门槛效应——基于19个行业2004-2013年面板数据

Human Capital,Factor Intensity and Reverse Technology Spillovers of China's Outward FDI:A Study on Panel Data of 19 Industries from 2004-2013

利用国民经济行业分类中19个门类2004-2013年数据,使用面板数据门槛回归模型,对我国对外直接投资逆向技术溢出人力资本的门槛效应进行了检验,并对我国对外直接投资逆向技术溢出的人力资本的门槛值进行了估计。在此基础上,本文进一步检验了不同要素密集度行业对外直接投资逆向技术溢出人力资本的门槛效应。结果表明,在人力资本低于门槛值时,行业对外直接投资会对国内技术进步产生负面影响;而人力资本高于门槛值时,行业对外直接投资对国内技术进步会有积极影响。我国目前阶段不同要素密集度行业对外直接投资逆向技术溢出的门槛效应存在显著差异。

This paper makes use of panel data of nineteen industries in China from 2004 to 2013, Applying the nonlinear threshold panel model, the paped analyzes the influence of R＆D spillovers from OFDI Based on it, this paper further studied threshold of human capital on R＆D spillovers from OFDI among industries with different factor intensity. The result shows that there is a significant human capital threshold effect between R＆D spillovers from TFP to OFDI. If industry＇s human capital is below the threshold, OFDI would make negative effect on domestic TFP, but once human capital reaches the threshold, OFDI would makea positive effect on domestic TFP. There were significant differences of R＆D spillovers from OFDI between industries with different factor intensity.