Identifying FDI spillovers

被引：303

作者：

Lu, Yi ^{[1
,2
]}

Tao, Zhigang ^{[3
]}

Zhu, Lianming ^{[4
]}

机构：

[1] Tsinghua Univ, Beijing, Peoples R China

[2] Natl Univ Singapore, Singapore, Singapore

[3] Univ Hong Kong, Hong Kong, Hong Kong, Peoples R China

[4] Waseda Univ, Tokyo, Japan

来源：

JOURNAL OF INTERNATIONAL ECONOMICS | 2017年 / 107卷

关键词：

FDI spillovers; Difference-in-differences; Agglomeration effect; Competition effect; Absorptive capacity; China; FOREIGN DIRECT-INVESTMENT; DOMESTIC FIRMS EVIDENCE; TECHNOLOGY SPILLOVERS; PRODUCTIVITY GROWTH; PANEL-DATA; POSITIVE SPILLOVERS; IMPACT; TRADE; COMPETITION; BENEFIT;

D O I：

10.1016/j.jinteco.2017.01.006

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

This paper improves on the strategy used in the literature to identify the spillover effect of horizontal foreign direct investment (FDI) by taking advantage of the plausibly exogenous relaxation of FDI regulations on China's World Trade Organization accession at the end of 2001. In addition, to understand the (aggregate) FDI spillover effect, the paper evaluates two underlying explanations (the agglomeration effect versus the competition effect, the former of which is further moderated by the absorptive capacity of domestic firms) by distinguishing different types of FDI along various dimensions. Finally, the analysis uses an array of performance measures, including total factor productivity, exporting performance, wages, R&D investment, and firm survival, with one single data set to offer a fuller and more nuanced picture of the impact of FDI on domestic firms. (C) 2017 Elsevier B.V. All rights reserved.

引用

页码：75 / 90

页数：16

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