Foreign direct investment and industrial agglomeration: Evidence from China
Foreign direct investment and industrial agglomeration: Evidence from China
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DOI：
10.1016/j.jce.2022.12.004
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发表时间：
2023-06-07
影响因子：
2.7
通讯作者：
Zhu, Lianming
中科院分区：
文献类型：
--
作者：
Hsu, Wen-Tai;Lu, Yi;Zhu, Lianming
本文研究了外商直接投资（FDI）对产业集聚的影响。利用2002年中国FDI放松管制对不同产业的差异效应，我们发现FDI对产业集聚有负向影响。由于外国直接投资带来了技术溢出效应和各种集聚效益，必须有其他力量在起作用，才能推动这一经验发现。本文提出了一个简单的理论，即外商直接投资可能会抑制产业集聚，因为竞争压力更大。我们发现了这种竞争机制的各种证据。研究还发现，FDI放松管制有利于工业增长，但FDI放松管制所导致的离散性使FDI对工业增长率的正效应降低了8%~ 14%。
This paper studies the effect of foreign direct investment (FDI) on industrial agglomeration. Using the differential effects of FDI deregulation in 2002 in China on different industries, we find that FDI affects industrial agglomeration negatively. As FDI brings technological spillovers and various agglomeration benefits, other forces must be at work to drive this empirical finding. We propose a simple theory that FDI may discourage industrial agglomeration due to fiercer competition pressure. We find various evidence of this competition mechanism. We also find that FDI deregulation is conducive to industrial growth, but the dispersion induced by FDI deregulation reduces the positive effect of FDI on the growth rate by 8 to 14%.