东道国禀赋、本地创新与OFDI逆向技术溢出效应
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Host Country Endowment, Local Innovation and OFDI Reverse Technology Spillover Effect
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    摘要:

    利用对外直接投资(OFDI)形成的逆向技术溢出推动国内经济高质量发展是实现国内国际双循环相互促进的重要路径。以30个省份为样本地区、45个“一带一路”沿线国家为样本东道国,采用2008—2020年面板数据,分析OFDI逆向技术溢出对地区制造业全要素生产率(GTFP)的影响,并从技术差距、技术差异和技术吸收能力角度探讨OFDI逆向技术溢出效应的产生机制和异质性表现,结果发现:OFDI逆向技术溢出的增加可以显著促进地区制造业GTFP(包括绿色技术进步和绿色技术效率)提升;相比对自然资源充裕型东道国OFDI,对技术充裕型东道国OFDI能够产生更强的逆向技术溢出效应,但对市场充裕型东道国OFDI的逆向技术溢出与地区制造业GTFP负相关;OFDI逆向技术溢出效应在东、中、西部地区表现出依次增强的趋势,表明技术差距的缩小会减弱OFDI逆向技术溢出效应;高新技术行业的OFDI逆向技术溢出效应显著,而传统行业的OFDI逆向技术溢出效应不显著,表明技术差异的扩大会增强OFDI逆向技术溢出效应;地区研发强度和创新能力对OFDI逆向技术溢出效应具有正向调节作用,表明本地技术吸收能力增强可以强化OFDI逆向技术溢出效应。因此,应采取差异化的国际投资策略以更好地利用OFDI逆向技术溢出效应来促进高质量发展。

    Abstract:

    Making full use of reverse technology spillover from foreign direct investment (OFDI) to promote high-quality development of domestic economy is an important path to realize the mutual promotion of domestic and international double cycles. The spillover effect of OFDI reverse technology is reflected in many fields and layers. The improvement of green total factor productivity (GTFP) in manufacturing is the key to promote the high-quality development of regional economy. However, the existing literature lacks in-depth research on the relationship between OFDI reverse technology spillover and GTFP in manufacturing. This paper argues that OFDI can promote its GTFP improvement by using the innovation resources of the host country to form reverse technology spillover, and further promote the GTFP improvement of other enterprises through the local technology spillover effect and economic correlation, and finally produce the GTFP enhancement effect of regional manufacturing industry. This effect is influenced by factors such as factor endowment of host country, technology absorption capacity of home country, technological gap and technological difference between home country and host country. With 30 provinces as sample regions and 45 countries along the Belt and Road as sample host countries, the analysis of panel data from 2008 to 2020 shows that the increase of OFDI reverse technology spillover can significantly promote the improvement of GTFP (including green technology progress and green technology efficiency) in regional manufacturing industry. The reverse technology spillover effect of OFDI in technology-oriented host countries with technological advantages is stronger than that in resource-oriented host countries with natural resources advantages. However, reverse technology spillover of OFDI in market-oriented host countries with market advantages is negatively correlated with GTFP of regional manufacturing industry. The positive impact of OFDI reverse technology spillover on GTFP of regional manufacturing industries in the eastern, central and western regions shows an increasing trend, indicating that the narrowing of technology gap will weaken the reverse technology spillover effect of OFDI. OFDI reverse technology spillover from high-tech industries has a significant positive effect on GTFP of regional manufacturing industry, while OFDI reverse technology spillover from traditional industries has no significant effect on GTFP of regional manufacturing industry, indicating that the expansion of technological differences will enhance the reverse technology spillover effect of OFDI. R&d intensity and innovation capability have a positive moderating effect on the increase of OFDI reverse technology spillover and the growth of GTFP in manufacturing industry, indicating that the improvement of local R&D investment and innovation capability will enhance the technology absorption capacity, and thus strengthen the reverse technology spillover effect of OFDI. Compared with previous literature, this paper analyzes the impact of OFDI reverse technology spillovers on GTFP of regional manufacturing industries, and discusses the mechanism and heterogeneity of OFDI reverse technology spillovers from the perspectives of technology gap, technology difference and technology absorption capacity. The research in this paper will help to deeply understand the internal mechanism of OFDI reverse technology spillovers playing a positive role, and then help to adopt differentiated international investment strategies, so as to better utilize OFDI reverse technology spillovers to promote high-quality development.

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宋瑛,杨露,王亚飞.东道国禀赋、本地创新与OFDI逆向技术溢出效应[J].西部论坛,2023,33(1):94-107

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  • 在线发布日期: 2023-04-23