Origins of FDI, Industrial Technology and FDI Spillovers: Evidence from Chinese Manufacturing Industry

• Main Authors: Yao Lee, 李曜
• Other Authors: Bih-Jane Liu
• Format: Others
• Language: zh-TW
• Published: 2018
• Online Access: http://ndltd.ncl.edu.tw/handle/w3f5ee

碩士 === 國立臺灣大學 === 經濟學研究所 === 106 === Using a large panel dataset of manufacturing firms in China from 2000 to 2007, this paper examines the productivity spillover effects of foreign direct investment (FDI) on domestic firms. We divide FDI into two sources: Hong Kong, Macao, Taiwan (HMT) and others; we also divide Chinese industries into three groups based on technology intensity: high, medium and low technology industries. Our results suggest that the negative horizontal spillover from HMT invested firms tend to be stronger in industries with lower technology, while the negative backward spillover of HMT firms is stronger in industries with higher technology. In contrast to HMT firms, non-HMT firms generate stronger negative horizontal spillover on higher technology industries, but will have stronger positive backward spillover on higher technology industries. These findings suggest that, the differences of FDI source and industrial technology are both crucial factors that determine the outcome of FDI spillover.