The Impact Of OFDI Reverse Technology Spillover On Technological Innovation Capability

In recent years,China has continuously expanded the level of opening up to the outside world,deeply participated in the wave of economic globalization,and gradually began to develop FOREIGN direct investment in the international competition with both opportunities and challenges.Under the guidance of the government,China has been accelerating its pace and expanding its scale.As of 2019,China’s cumulative outward direct investment ranked third in the world,and new enterprises ranked second.China’s27,500 investment enterprises invested in 44,000 companies in 188 countries around the world,and the total assets of overseas direct investment enterprises reached 7.2 trillion yuan at the end of the year.The gradual expansion of foreign direct investment has caused the attention of academic circles,gradually become research hot topic at present stage.The Review of research results at home and abroad,about how the foreign direct investment affect the technical innovation ability still exist bigger difference.Therefore,the author empirically explores the reverse technology spillover effect of China’s OFDI by using provincial panel data from 03 to 19.Firs,through literature review,the author concluded that OFDI mainly affects technological innovation through reverse technology spillover,and described the transmission mechanism of reverse technology spillover.Then,from the investment scale,investment,distribution of two pairs,analyzing the present situation and problems of China’s OFDI from input and output status to the current situation of the technology innovation of our country are analyzed.On the basis of mechanism induction and analysis,using the OFDI data of 30 provinces and cities in China from 2003 to 2019 and using L-P model for reference,this paper conducts an empirical analysis on the impact of China’s OFDI reverse technology spillover on technological innovation.The empirical results show that the domestic general empirical analysis result,each enterprise of foreign direct investment of reverse technology overflow significant domestic enterprise’s technology innovation ability;From outside to join open degree regulation of the empirical analysis result,the degree of opening to the outside world was reverse technology overflow effect plays an important role in regulating,opening to the outside world degree and have significant positive effects on the reverse technology spillover to promote technology innovation,adjust action;Empirical results from points area analysis,in the eastern,central and western regions in our country foreign direct investment behavior of reverse technology overflow efficiency exist obvious difference.East and central region technology innovation ability is significantly increased by the effect,but the effect is not obvious in the west.The empirical results based on time analysis show that the impact of reverse technology spillovers on technological innovation is directional.Reverse technology spillover can inhibit the technological innovation before the economic crisis,but becomes a promoting effect after the economic crisis.According to the results of quantile test,the reverse technology spillover effect of OFDI is not significant for low and middle R&D groups,but exists for the high R&D groups.From the threshold effect level,technology spillover effect of OFDI has different effects on patent output of provinces with different R&D input intensity.Provinces with strong R&D input have strong reverse technology spillover effect,and vice versa.In the end,combining with mechanism analysis,The present situation analysis and empirical analysis results of China’s foreign direct investment and technological innovation,using foreign direct investment to China’s technological innovation put forward relevant countermeasures and suggestions.