CAJ | 학술논문

本文首先对对外直接投资逆向技术溢出效应的机理进行了分析,然后以2003—2013年中国对外直接投资的13个主要发达国家的数据为样本,考察了中国对外直接投资逆向技术溢出效应的影响因素。本文的实证结果发现,中国与东道国之间的技术差距、东道国研发（R＆D）支出、全要素生产率、人力资本、技术创新能力、制度环境是对外直接投资逆向技术溢出效应的正相关因素。同时,本文以技术差距作为门槛变量进行门槛效应检验,结果表明,技术差距存在单一门槛值,当中国与东道国之间技术差距较大时,技术差距对逆向技术溢出产生了正向影响;当技术差距缩小后,正相关关系仍然存在,但影响程度有所下降。
본문수선대대외직접투자역향기술일출효응적궤리진행료분석,연후이2003—2013년중국대외직접투자적13개주요발체국가적수거위양본,고찰료중국대외직접투자역향기술일출효응적영향인소。본문적실증결과발현,중국여동도국지간적기술차거、동도국연발（R＆D）지출、전요소생산솔、인력자본、기술창신능력、제도배경시대외직접투자역향기술일출효응적정상관인소。동시,본문이기술차거작위문함변량진행문함효응검험,결과표명,기술차거존재단일문함치,당중국여동도국지간기술차거교대시,기술차거대역향기술일출산생료정향영향;당기술차거축소후,정상관관계잉연존재,단영향정도유소하강。
This paper analyzes the mechanism of reverse technology spillovers of outward foreign di- rect investment, and investigates the influencing factors of reverse technology spillovers embodied in China＇s outward foreign direct investment by applying the thirteen main developed countries＇ panel data of China outward foreign direct investment from 2003 to 2013. The empirical results show that the signifi- cant positive factors include the technological gap between China and host country, host country＇s Rg~D expenditure, total factor productivity, human resource, technological innovation ability and institution en- vironment. Meanwhile, this paper conducts threshold effect test by using the technological gap as thresh- old variables. The outcome suggests that there exists one threshold. When the technological gap is large, it has the positive impact on reverse technology spillovers effect. After the technological gap is smaller, the positive relation also exists, but the influence degree will decrease.