Identifying FDI spillovers
Identifying FDI spillovers
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DOI：
10.1016/j.jinteco.2017.01.006
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发表时间：
2017-07-01
影响因子：
3.3
通讯作者：
Zhu, Lianming
中科院分区：
文献类型：
--
作者：
Lu, Yi;Tao, Zhigang;Zhu, Lianming
本文利用2001年底中国加入世界贸易组织时外商直接投资管制的外生性放松这一看似合理的外生性放松政策，改进了文献中识别水平外商直接投资溢出效应的策略。此外，为了理解FDI的(总体)溢出效应，本文通过在不同维度区分不同类型的FDI，评估了两种潜在的解释(集聚效应与竞争效应，前者进一步受到国内企业的吸收能力的调节)。最后，分析使用了一系列业绩衡量指标，包括全要素生产率、出口业绩、工资、研发投资和企业生存，其中一个数据集提供了更全面、更细微的外国直接投资对国内企业影响的图景。(C)2017爱思唯尔B.V.保留所有权利。
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.