중국에 대한 외국인직접투자의 기술파급 효과 요인에 관한 실증분석 = Technology Spillover Effect of Foreign Direct Investment into China

다국어 초록 (Multilingual Abstract)

This paper implemented the empirical analysis on technology spillover effects of foreign direct investment within China through 2SLS system method. It uses panel simultaneous equations with interacting domestic firms of China and foreign firms. The empirical results are summarized as follows. First, competition and technology spillover effect has a positive relationship. It implies that the more competition between China`s firms and foreign firm is, the more significant technology spillover effect has. Second, capital intensity and technology spillover effect has a positive relationship. It means that as firms increase their capital intensity, labor productivity increases as well. Third, the size of human capital and technology spillover effect has an unexpected negative relationship. The reason seems that high skilled labors of China do not contribute to their firms` achievement. Fourth, the size of firms shows an expected positive sign. It suggests that the improved ability of technique acquirement by expanding the size of firms causes to increase their labor productivity. Fifth, technology gap and its spillover effect has an expected positive relationship. In other word, technology spillover effect is low when there exists large technology gap betwe en foreign and domestic firms of China. Finally, the higher domestic market share of foreign firms and technology spillover effect has a positive relationship. It implies that as foreign firms have the higher market share in China, technology spillover effect has the stronger impact.