Study On Technological Spillover Effects Based On Import And FDI Of China

At the present, science and technology develop at very fast speed, and the technological progress has already become the key competitiveness of an economy all over the world. The improvement of the technology level mainly comes from the domestic technology innovation and the use of various kinds of technology spillover channels to study, absorb and imitate advanced knowledge. Economic persistent growth must depend upon the improvement of productivity and technological progress. An economy may rely on its own ability to push the technology development and innovation, may also achieve the technological spillover through international trade and foreign direct investment to impuls the technology progress. Nowdays with the econolical globalization is accelerated day by day, any country, especially for a developing country, it's not possible or economical to gain advanced techonogy by indepeandent innovation. Even as a developed country, United States, have an increasing share of obtaining techonogy by import year by year. The development of international trade has not only offered the sufficient fund which has carried on technology innovation for developed country, but also provided the opportunities of studying advanced technology for developing country. Owing to the developing countried have the fund and technological restrict, it is a shortcut to shorten the technological disparity with the develpoed countries both through import on advanced products and technology and through FDI which can introduce fund, technology and advanced managerial experience. especially, after introducing the foreign advanced technology or products, developing countries can carry on effective study, imitation, thus realize the independent technology innovation. So it's a shortcut for a country to achieve technological progress by foreign technology spillover through import and FDI.Since the reform and open policy, the Chinese economy has maintained persistent rapid growth. The reason for the sustaining economy growth of China, firstly it is that the reform and open policy has liberated general workers'enthusiasm. Secondly it is that China's foreign trade and FDI have developed fast and have played important roles in China's economy. Finally it is that since China proposed the strategy of invigorating the country through science, technologu and education in the early 1990s, Technology advancement had become the key factor to promote economic growth for a country.Based on above view, under the economic globalization background, China economy have been integrating the world economic system gradually. It seems very important to study technology spillover based on import and FDI. So, this dissertation has carried on the detailed discussion to the theory relation among economic growth, technological progress, technological spillover, import and FDI on the basis of a large number of relevant documents and has done an empirical study of China in order to make beneficial conclution about China's technology advancement and economic suutainable growth.This dissertation has explored the background and meaning, and has proposed research thoughts and research structure on the basis of a large number of relevant documents firstly. Chapter Two of this dissertation is a theoretical fundamental on economic growth, technology progress, import and FDI. Chapter Three has proposed a theory model and an empirical analsis frame. Chapter Four is the postive part of this dissertation. Firstly, this dissertation has carried on an empirical study on China's R&D stock and economic growth. Then we mostly pay close attention to the empirical study on the domestic R&D and technology spillovers based on China's import and FDI. In addition, we analyze the effect that human capital has on China's technology spillover. Chapter Five is the end part of this dissertation which has proposed relevant policies and suggestions on technology advancement and economic growth. Especially, we have payed close attention on the technology spillovers based on China's import and FDI in the open economy. On the basis of the above research, we can come to three conclusions: (1) Domestic R&D acctivity is one of the most important sources for a country to achieve independent innovation, but we cannot ignore the technological spillovers based on import and FDI. (2) Both import and FDI have played vital parts in international technological spillovers. Foreign R&D capital through import and FDI makes technological spillover effects and it is one of the important sources of technological progress. (3) Human capital is the key factor which has been influencing China's independent innovation and the improvement of technological absorbing ability.The dissertation has attempted to intergate the technological spillover effects based on both import and FDI on the basis of a general analysis on relevant domestic and overseas theories.Predecessors had mostly researched the technological spillovers of import and FDI separately. We have made reference to past theoretical models and empirical models, in addition, we have changed and expanded the relevant models. For the empirical parts, we have mainly take the cointegration analysis method to study the relation and mechanism between import, FDI and technology advancement.