【摘要】 对外直接投资(OFDI)可以通过嵌入异质的国外创新体系,获得先进的技术与知识,还可以通过跨国并购活动直接获得战略资源,从而对本国的产业升级产生积极的影响。但这种影响是潜在的,而不是必然的,这种逆向技术溢出效应受到多种因素的调节。本文在国际研发溢出理论的基础上,运用2003-2015年中国省际层面的面板数据,从人力资本、金融发展水平、市场化程度3个侧面检验了吸收能力对逆向溢出的调节作用,并采用面板门槛模型对这种调节作用的非线性特征进行了验证。结果表明,OFDI有助于促进我国的工业技术进步,吸收能力对于逆向技术溢出具有明显的调节作用,而且这种调节作用存在着显著的门槛效应。更多还原

【Abstract】 Outward foreign direct investment can acquire advanced technology and knowledge by embedding heterogeneous foreign innovation system, and directly acquire strategic resources through cross-border M&A activities, which will have a positive impact on the upgrading of domestic industry. But this effect is potential, not necessarily, and this reverse spillover effect is regulated by a variety of factors. Based on the theory of international R&D spillovers, this paper tested the absorption capacity regulating effect on reverse spillover from three aspects of human capital, financial development level, the degree of market by using the panel data of China’s provincial level from year 2003 to 2015 and then verified this kind of regulation of nonlinear characteristics by using the panel threshold model. The results showed that OFDI helped to promote China’s industrial technological progress, and absorptive capacity has a significant moderating effect on reverse technology spillovers, and this regulatory effect had significant threshold effect.更多还原