Innovation contributes to the long-term economic growth.From the perspective of externality by innovation,this paper disentangles the spillover effect based on the regions’abundance of innovation resource and separat...Innovation contributes to the long-term economic growth.From the perspective of externality by innovation,this paper disentangles the spillover effect based on the regions’abundance of innovation resource and separately identifies the“leader effect”and“peer effect”of innovation spillover and discusses their economic consequences.Empirical results demonstrate a negative spillover effect from innovation leaders on the economic growth and a positive spillover effect from innovation peers.Robustness checks also support main findings.This study has implication both in the endogenous economic growth theory and industry innovation practice.展开更多
This paper makes an empirical analysis of the spatial spillover effect of regional economic growth by using Moran’s I and Spatial Durbin Model to study the input and output of technological progress, with the panel d...This paper makes an empirical analysis of the spatial spillover effect of regional economic growth by using Moran’s I and Spatial Durbin Model to study the input and output of technological progress, with the panel data of 21 prefecture-level cities in Guangdong Province from 2008 to 2017. The empirical results show that the spatial autocorrelation exists in the economic development of Guangdong Province, and both the input and output of scientific research innovation have a significant positive effect on the regional economic growth. Under the spatial contiguity weights matrix, the output of scientific research and innovation has a more obvious spillover effect on the economic growth of neighboring cities than the input of scientific research and innovation.展开更多
Spatial spillover effects,either positive or negative,of transport infrastructure,highways/expressways,etc.,on regional economic growth are proposed.Using the panel data for 11 cities of Zhejiang province from 1994 to...Spatial spillover effects,either positive or negative,of transport infrastructure,highways/expressways,etc.,on regional economic growth are proposed.Using the panel data for 11 cities of Zhejiang province from 1994 to 2003,a spatial production function is applied to examine the spatial spillovers which can be generated as a positive output spillover from the transport infrastructure between neighboring cities.Some spatial weighted matrices are adopted to define different neighboring cities to measure how easily factors or economic activities can migrate between regions.The estimation results show that the output elasticity of the highway infrastructure in 11 cities are all insignificant at a 5% significance level;hence,highway infrastructure in a region cannot explain the same region's economic growth.On the other hand,the highway infrastructure of other contiguous regions has positive spillover effects on a same region's economic growth.展开更多
运用2003—2021年中国与共建“一带一路”国家双向投资数据,考察双向直接投资(two-way direct investment,双向FDI)技术溢出对中国经济增长的影响效果及作用机理。结果表明:中国与共建“一带一路”国家的双向FDI对中国经济增长的提高产...运用2003—2021年中国与共建“一带一路”国家双向投资数据,考察双向直接投资(two-way direct investment,双向FDI)技术溢出对中国经济增长的影响效果及作用机理。结果表明:中国与共建“一带一路”国家的双向FDI对中国经济增长的提高产生技术溢出效应,且存在明显的区域差异性和国别异质性。从区域差异性来看,内陆地区双向FDI技术溢出有利于中国经济增长,而沿海地区仅对外直接投资(OFDI)逆向技术溢出促进了中国经济增长,FDI技术溢出对中国经济增长的影响不显著。从国别异质性来看,来自发达经济体双向FDI技术溢出对中国经济增长的拉动作用更强。从影响机制来看,双向FDI技术溢出通过技术进步促进了中国经济增长,且不同地区和不同国别双向FDI技术溢出的影响机制有所不同。展开更多
Using panel data of 29 regions in China from 1999 to 2007, this paper presents a systematic evaluation of how FDI＇s spillover effects impact the quality of China＇s indigenous econotnic growth, Research outcomes sugg...Using panel data of 29 regions in China from 1999 to 2007, this paper presents a systematic evaluation of how FDI＇s spillover effects impact the quality of China＇s indigenous econotnic growth, Research outcomes suggest that technology transfers and diffusion have a positive effect on indigenous growth quality. Spitlover effects （mainly competition effect） have primarily negatively affected indigenous growth quality. The effect on indigenous growth quality is positive only in sub-samples with high foreign capital concentration and ,,hen the spillover effect is similar to the technology transfer and diffusion effect brought about by localization. It is also found that technology gaps, foreign capital concentration and value added ratio gaps are important factors affecting the impact of technology transfer and diffusion on indigenous economic growth.展开更多
This study investigated the impact of foreign direct investment on economic growth in Nigeria. Secondary source of data was employed in this study from 1986 to 2017 which were sourced from Central Bank of Nigeria Stat...This study investigated the impact of foreign direct investment on economic growth in Nigeria. Secondary source of data was employed in this study from 1986 to 2017 which were sourced from Central Bank of Nigeria Statistical Bulletin (2017) published in 2018 and World Development Indicator published in 2019. Descriptive and regression analyses were used as the estimation techniques. The findings of the study revealed that the coefficient value of LFDI is 0.633506 and its p-value is 0.0002 implying that a unit increase in LFDI will increase LGDP with the value of 0.633506. The coefficient value of RINTR is 0.004127 with p-value of 0.310 indicating that a unit increase in real interest rate will increase gross domestic product, but it is not significant. Also, LDI coefficient value is 1.758036 with p-value of 0.0688 implying that a unit increase in domestic investment will increase gross domestic product positively with the value of 1.758036 which is significant at 10% but not significant at 5% alpha level. The coefficient value of exchange rate is 0.835206 with the p-value of 0.0000 signifying that exchange rate is positive and significant to economic growth. It was concluded that foreign direct investment was positive and significant to economic growth of Nigeria while the domestic investment was also positive but not significant at 5% alpha level.展开更多
国际直接投资(Foreign Direct Investment,FDI)能够产生技术溢出效应,探究“一带一路”倡议对FDI技术溢出效应的影响与作用机制,可为我国推进制度型开放提供参考。基于2000—2022年我国31个省份(未含香港、澳门、台湾地区)291个地级及...国际直接投资(Foreign Direct Investment,FDI)能够产生技术溢出效应,探究“一带一路”倡议对FDI技术溢出效应的影响与作用机制,可为我国推进制度型开放提供参考。基于2000—2022年我国31个省份(未含香港、澳门、台湾地区)291个地级及以上城市的面板数据,利用DID模型,分析“一带一路”倡议对我国FDI技术溢出效应的影响。研究表明,“一带一路”倡议对我国FDI技术溢出效应具有显著提升作用。根据机制检验结果,“一带一路”倡议通过优化对外政策环境、改善基础设施配套、加强对外经贸合作、增进人文交流,促进以跨国公司为载体的生产要素国际流动,增强FDI技术溢出效应。根据调节作用分析结果,人力资本水平越高,与发达经济体技术差距越小,政府干预能力越弱,“一带一路”倡议对我国FDI技术溢出效应的影响越小。根据异质性分析结果,“一带一路”倡议对FDI技术溢出效应的影响在东部地区显著为负,在中部地区显著为正,在西部和东北地区潜力很大;“一带一路”倡议提出后,碳排放与FDI技术溢出效应在高碳行业存在部分替代关系,在低碳行业存在显著替代关系;碳排放与FDI技术溢出效应在采掘业存在显著替代关系,在电力及相关行业存在部分替代关系,在制造业不存在替代关系。为进一步响应“一带一路”倡议,提升我国FDI技术溢出效应,要充分发挥跨国公司的技术纽带作用,使之成为“双循环”新发展格局的连接点、支撑点;积累高级人力资本,提升技术溢出吸收能力;重视FDI技术溢出效应的地区差异,加强对欠发达地区的政策扶持;重点加强高碳行业绿色低碳技术创新,推动经济绿色发展。展开更多
文摘Innovation contributes to the long-term economic growth.From the perspective of externality by innovation,this paper disentangles the spillover effect based on the regions’abundance of innovation resource and separately identifies the“leader effect”and“peer effect”of innovation spillover and discusses their economic consequences.Empirical results demonstrate a negative spillover effect from innovation leaders on the economic growth and a positive spillover effect from innovation peers.Robustness checks also support main findings.This study has implication both in the endogenous economic growth theory and industry innovation practice.
文摘This paper makes an empirical analysis of the spatial spillover effect of regional economic growth by using Moran’s I and Spatial Durbin Model to study the input and output of technological progress, with the panel data of 21 prefecture-level cities in Guangdong Province from 2008 to 2017. The empirical results show that the spatial autocorrelation exists in the economic development of Guangdong Province, and both the input and output of scientific research innovation have a significant positive effect on the regional economic growth. Under the spatial contiguity weights matrix, the output of scientific research and innovation has a more obvious spillover effect on the economic growth of neighboring cities than the input of scientific research and innovation.
基金The National Key Technology R&D Program of China during the 11 th Five-Year Plan Period(No.2006BAH02A06)Program for New Century Excellent Talents in China(No.NCET-05-0529)
文摘Spatial spillover effects,either positive or negative,of transport infrastructure,highways/expressways,etc.,on regional economic growth are proposed.Using the panel data for 11 cities of Zhejiang province from 1994 to 2003,a spatial production function is applied to examine the spatial spillovers which can be generated as a positive output spillover from the transport infrastructure between neighboring cities.Some spatial weighted matrices are adopted to define different neighboring cities to measure how easily factors or economic activities can migrate between regions.The estimation results show that the output elasticity of the highway infrastructure in 11 cities are all insignificant at a 5% significance level;hence,highway infrastructure in a region cannot explain the same region's economic growth.On the other hand,the highway infrastructure of other contiguous regions has positive spillover effects on a same region's economic growth.
文摘运用2003—2021年中国与共建“一带一路”国家双向投资数据,考察双向直接投资(two-way direct investment,双向FDI)技术溢出对中国经济增长的影响效果及作用机理。结果表明:中国与共建“一带一路”国家的双向FDI对中国经济增长的提高产生技术溢出效应,且存在明显的区域差异性和国别异质性。从区域差异性来看,内陆地区双向FDI技术溢出有利于中国经济增长,而沿海地区仅对外直接投资(OFDI)逆向技术溢出促进了中国经济增长,FDI技术溢出对中国经济增长的影响不显著。从国别异质性来看,来自发达经济体双向FDI技术溢出对中国经济增长的拉动作用更强。从影响机制来看,双向FDI技术溢出通过技术进步促进了中国经济增长,且不同地区和不同国别双向FDI技术溢出的影响机制有所不同。
文摘Using panel data of 29 regions in China from 1999 to 2007, this paper presents a systematic evaluation of how FDI＇s spillover effects impact the quality of China＇s indigenous econotnic growth, Research outcomes suggest that technology transfers and diffusion have a positive effect on indigenous growth quality. Spitlover effects （mainly competition effect） have primarily negatively affected indigenous growth quality. The effect on indigenous growth quality is positive only in sub-samples with high foreign capital concentration and ,,hen the spillover effect is similar to the technology transfer and diffusion effect brought about by localization. It is also found that technology gaps, foreign capital concentration and value added ratio gaps are important factors affecting the impact of technology transfer and diffusion on indigenous economic growth.
文摘This study investigated the impact of foreign direct investment on economic growth in Nigeria. Secondary source of data was employed in this study from 1986 to 2017 which were sourced from Central Bank of Nigeria Statistical Bulletin (2017) published in 2018 and World Development Indicator published in 2019. Descriptive and regression analyses were used as the estimation techniques. The findings of the study revealed that the coefficient value of LFDI is 0.633506 and its p-value is 0.0002 implying that a unit increase in LFDI will increase LGDP with the value of 0.633506. The coefficient value of RINTR is 0.004127 with p-value of 0.310 indicating that a unit increase in real interest rate will increase gross domestic product, but it is not significant. Also, LDI coefficient value is 1.758036 with p-value of 0.0688 implying that a unit increase in domestic investment will increase gross domestic product positively with the value of 1.758036 which is significant at 10% but not significant at 5% alpha level. The coefficient value of exchange rate is 0.835206 with the p-value of 0.0000 signifying that exchange rate is positive and significant to economic growth. It was concluded that foreign direct investment was positive and significant to economic growth of Nigeria while the domestic investment was also positive but not significant at 5% alpha level.
文摘国际直接投资(Foreign Direct Investment,FDI)能够产生技术溢出效应,探究“一带一路”倡议对FDI技术溢出效应的影响与作用机制,可为我国推进制度型开放提供参考。基于2000—2022年我国31个省份(未含香港、澳门、台湾地区)291个地级及以上城市的面板数据,利用DID模型,分析“一带一路”倡议对我国FDI技术溢出效应的影响。研究表明,“一带一路”倡议对我国FDI技术溢出效应具有显著提升作用。根据机制检验结果,“一带一路”倡议通过优化对外政策环境、改善基础设施配套、加强对外经贸合作、增进人文交流,促进以跨国公司为载体的生产要素国际流动,增强FDI技术溢出效应。根据调节作用分析结果,人力资本水平越高,与发达经济体技术差距越小,政府干预能力越弱,“一带一路”倡议对我国FDI技术溢出效应的影响越小。根据异质性分析结果,“一带一路”倡议对FDI技术溢出效应的影响在东部地区显著为负,在中部地区显著为正,在西部和东北地区潜力很大;“一带一路”倡议提出后,碳排放与FDI技术溢出效应在高碳行业存在部分替代关系,在低碳行业存在显著替代关系;碳排放与FDI技术溢出效应在采掘业存在显著替代关系,在电力及相关行业存在部分替代关系,在制造业不存在替代关系。为进一步响应“一带一路”倡议,提升我国FDI技术溢出效应,要充分发挥跨国公司的技术纽带作用,使之成为“双循环”新发展格局的连接点、支撑点;积累高级人力资本,提升技术溢出吸收能力;重视FDI技术溢出效应的地区差异,加强对欠发达地区的政策扶持;重点加强高碳行业绿色低碳技术创新,推动经济绿色发展。
