Research On The Influence Of Ofdi To Regional Technological Innovative Ability

With the rapid advance of science and technology and prosperous development of knowledge-based economy, the competition between different countries is presented in the competition of technological merit and knowledge utilization and regional economic growth is relying more and more on technological innovative ability. In Chinese economic development, the problem that companies are poor in technological innovation remains to be very serious. It is found that in the30years of reform and opening-up, it won’t work for those backward companies which attain techniques by only introducing foreign investment because "trading domestic market for technology" can never get the core technology. Chinese enterprises not only need to absorb advanced experience and technology in Inward Foreign Direct Investment (IFDI), but they also need to learn and develop in foreign countries through Outward Foreign Direct Investment (OFDI).Adopting the method integrating normative analysis and empirical analysis, the paper investigates the influence of OFDI to the regional technological innovative ability, aimed at clarifying the transmission mechanism of OFDI to the regional technological innovative capability and further extending it to the micro aspects of enterprises so that the regional innovative ability can be enhanced by strengthening the level of OFDI.Firstly, from the theoretical perspective, analyze the influence mechanism of OFDI to technological innovation in the meso and micro level. On one hand, tangible subject and intangible factors in the regional system of host countries is thought to have apparently influential to the investors’technological innovative ability based on "Theory of Regional Technological Innovative System" in the meso level. On the other hand, with the help of "Dynamic Capability Theory", it comes up with the idea that "dynamic capability" of the enterprises plays a role in OFDI impacting their technological innovative ability and divides the factors of corporate dynamic capability into "Aptitude for opportunities""integration ability" and "absorption capacity"Given the fact that the OFDI level in Fast China is taking the leading position, the paper takes the East China as an object for deep analysis. By analyzing its status quo of OFDI and regional technological innovative ability, it finds out that with the increase of OFDI, the technological innovative ability in East China also increases, which is still inferior to developed countries on the whole. Then it makes empirical test on the data of East China with the use of SFA. By constructing the stochastic frontier production function model of technological innovative ability, it verifies the influence of OFDI to regional technological innovative ability. Finally, it puts forth some suggestions to enhance the regional innovative ability from macro and micro level by integrating the analysis and empirical conclusions.Research conclusions indicate that at the meso level, investors can integrate themselves into the regional technology innovation system of host countries and exert positive impact on their own technological innovative ability, while in the micro level, OFDI is conductive in forming and maintaining the "Aptitude for opportunities","integration ability" and "absorption capacity" of the companies to provide them with dynamic advantages in technological innovative ability. It is proven in the empirical test that OFDI obviously places positive influence on regional technology innovative capacity.