Study On Reverse Technology Spillover Effect Of China OFDI To Developed Countries

The first session of the12thNational People’s Congress reported that, ourgovernment will take unswervingly efforts to expand our ratio of openness to the world,improve the level of the open economy; Due to the implementation of the strategy ofmarket diversification, and the implementation of the strategy of "going out", in2012China’s non-financial outward direct investment is growing at an average annual rate of25.5%, to$77.2billion, among the foreign investment, contributing to the worldeconomic recovery and development. Foreign investment in m&a boom of developedcountries continues to rise, its purpose is realization of domestic enterprises by foreigninvestment and technology improvement in the number of market share, make theenterprise gradually realize rising in value chain. Due to the lack of technology, brand,enterprise and other high value-added products and services, so that it is bound in thevalue chain of low-end industries, affected the return on investment of foreign enterprisesin China. Through two enterprise model of developed countries on China’s OFDIfeasibility analysis for the existence of the type of foreign investment and benefit, for ourcountry enterprise, industry and national international competitiveness has importantstrategic significance.Despite China’s outward foreign direct investment has made great development, butstill focus on the introduction of FDI theory on motherland technological progresspromoting effect and influence factors of discussion, but often ignore the investment inthe developed countries of OFDI reverse technological overflow effect. Aiming attechnology for the enterprise in our country at present, the scale of OFDI has a hugespace for development, to study the premise of enterprise investment in developedcountries, and promote its own technology promotion trade factors what are, how thediscussion has important significance. Among them, investment in developed countriesdo you want to the technology spillover effect is still blank. Papers in OFDI theoryresearch at home and abroad for the first, on the basis of carding, analysis currentsituation and characteristics of foreign investment in our country, through theimprovement of "two business model", points out the developing country enterprise in the limiting condition and feasibility of the direct investment in developed countries, andthe microscopic mechanism of reverse technology; And finally build the result in thechange of total factor productivity of foreign direct investment, foreign direct investment,import and export trade four channels of LP model for empirical analysis, draw theconclusion: China’s enterprises in developed countries the OFDI, ascending to hinder therole of TFP. Analyzes the reasons, and in view of the defects and problems, from themacro level and micro level is put forward to promote China’s foreign investmentpolicies and Suggestions of sustainable development.