CAJ | 학술논문

本文基于技术创新拓展模型，检验了不同技术密度的海外研发投资与我国不同类型研发投资的互补性，并研究了其对我国技术创新的影响。研究结果表明，低技术密度海外研发投资的挤出效应大于溢出效应，会抑制我国技术创新；高技术密度海外研发投资的溢出效应大于挤出效应，会促进我国技术创新。在此研究基础之上，本文对产生这种结果的原因进行了详细阐述，并给出了相关政策建议，对我国海外研发投资的引进、管理具有一定的参考价值。
본문기우기술창신탁전모형，검험료불동기술밀도적해외연발투자여아국불동류형연발투자적호보성，병연구료기대아국기술창신적영향。연구결과표명，저기술밀도해외연발투자적제출효응대우일출효응，회억제아국기술창신；고기술밀도해외연발투자적일출효응대우제출효응，회촉진아국기술창신。재차연구기출지상，본문대산생저충결과적원인진행료상세천술，병급출료상관정책건의，대아국해외연발투자적인진、관리구유일정적삼고개치。
Based on the model of technological innovation, this paper tests the complementarity between overseas R＆D investment with different technology intensities and variously typed domestic R＆D investment, and investigates the im- pact of the former on domestic technological innovation. The results show that overseas R＆D investment with lower technological intensity has a crowding-out effect larger than its spillover effect, which will restrain technological innovation in China. Investment with high technology intensity, however, has a spillover ef- fect larger than the crowding-out effect, which will promote domestic technologi- cal innovation. On such a basis, this paper explores the causes behind this phe- nomenon and makes some policy recommendations that may have an important reference value for the introduction and management of foreign investment in China.