The Industrial Differences And Influencing Factors Study On The OFDI Reverse Technology Spillover Effect

Since the end of last century,the reverse technology spillover effect of outward foreign direct investment(OFDI)in developing countries has gradually become a hotspot in the academic circles at home and abroad.It is one of the important paths for the Chinese enterprises to integrate into the economic globalization through the OFDI.With the continuous expansion of the scale of OFDI among the Chinese enterprises,the objective function of OFDI is always changing and obtaining the reverse technology spillover effect is considered to be an important motivation for the gradual increase of "technology-learning OFDI".Retrieving the existing literature,it can find that there are many researchers studying on the reverse technology spillover effect from the view of a country.However,it is not only lack of the research from the view of enterprises,but also the view of the industry.Based on the current situation of OFDI from China,this paper mainly analyzes the causes and transmitting mechanism of reverse technology spillover between the two modules-the host country and the home country and then focuses on the analysis of the non-equilibrium characteristics for the reverse technology spillover effect of OFDI.According to the judgement of industrial non-equilibrium in reverse technology spillover,we deconstruct the main influencing factors to the feature of the non-equilibrium,and put forward the expansion mechanism,integration mechanism and control mechanism to clarify the internal mechanism of the industrial non-equilibrium.In order to verify the reliability of this judgement,19 industries were selected as samples to empirically analyze the interrelationship between TFP and reverse technology spillover effect in different industries.On the basis of efficiency change(EC),technical change(TC)and overall change about TFP,this paper uses the fixed effect model to measure the reverse technology spillover effect of OFDI in 11 industries from China in the past 2007-2015 years.Finally,the grey relation model is used to analyse the relationship between the reverse technology spillover and TFP.What is showed is that OFDI from Chinese enterprises in different industries has the positive reverse technology spillover effects on TFP;The highest correlation between the reverse technology spillover and TFP is from the technology-intensive industries such as the information technology service industry and the lower correlation is from resource-intensive industries,which is consistent with the theoretical analysis conclusions of the expansion mechanism,integration mechanism and control mechanism.Ultimately this paper puts forward some policy suggestions on optimizing the structure of OFDI from China and continuously enlarging the effect of reverse technology spillover.