摘要
文章从外资异质性的视角探讨外资对东道国不同行业技术进步的影响,首先通过构建三部门模型进行理论论证,理论分析结论认为两者存在复杂的非线性关系;在经验分析部分,借助2003-2009年中国制造业企业层面的数据,运用全参数和半参数估计方法,分别从外资来源地、外资投资方式、外资技术水平和产品质量等几个角度刻画外资异质性对全要素生产率的影响。结果表明:外资来源地、技术水平及外资出资方式对机电行业生产率水平有显著性影响;外资出资比例、产品品质和目标市场消费水平等对食品行业竞争力影响显著;对外直接投资是当前我国纺织行业发展的最好选择,采用国内并购和吸引外资方式都需要规避资本过度集聚的负面影响。
This paper discusses the effects of FDI on industrial technological progress in host countries from a perspective of FDI heterogeneity. It firstly makes a theoretical analysis by constructing a three-sector model and shows that there is the complex nonlinear relationship between FDI and technological progress in host countries. As for empirical analysis, based on the data of Chinese manufacturing industry at firm level from 2003 to 2009, it employs total and semi-parametric estimation methods to portray the effect of FDI heterogeneity on FTP from the perspectives of the source of FDI, FDI investment modes, FDI technological levels and the quality of products. It arrives at the following conclusions： firstly, the source o{ FDI, technological levels and FDI investment modes have the significant effects on the productivity level in electromeehanical industry; secondly, factors such as foreign capital ratio, the quality of products and target market consump- tion have the significant effects on the competitiveness in food industry; thirdly, foreign direct in- vestment is the best choice for the development of China＇s textile industry, and domestic M＆A and the attraction for FDI should avoid the negative effects of excessive capital agglomeration.
出处
《财经研究》
CSSCI
北大核心
2014年第9期109-120,共12页
Journal of Finance and Economics
基金
国家社会科学青年基金项目(13CJY063)
教育部人文社会科学规划项目(13YJA790024)
关键词
外资异质性
全要素生产率
机电行业
食品行业
纺织行业
半参数估计
FDI heterogeneity
TFP
textile industry
semi-parameter estimation electromechanical industry
food industry
