文档介绍：本科毕业论文外文翻译
外文题目:Do spillover benefits grow with rising foreign direct investment? An empirical examination of
Case of China
出处: University of California , Berkeley
作者: Chang-Tai Hsieh
Do spillover benefits grow with rising foreign direct investment?
An empirical examination of the case of China
Using data from the Chinese manufacturing industry for 2001, this article examines the impacts of foreign presence on the performance of locally owned Chinese firms. Our key result supports a curvilinear functional form Foreign ration rates in excess of just about two–thirds of industrial capital are associated with declining spillover benefits, indicating the dominance of negative spillovers. The curvilinear relationship is found to be particularly strong in labour-intensive industries, contrasting with a standard linear relationship in technology-intensive sectors. The finding of plexity of spillover effects challenges the laissez-faire view that ‘the more inward foreign direct investment (FDI), the better’ and that inward FDI into all types of domestic industry is equally valuable, in terms of performance benefits. Our findings argue for policy measures to strengthen domestically owned Chinese industry, to provide petition to foreign firms and to absorb the benefits from spillovers more effectively.
The relationship between inward foreign direct investment (FDI) and the performance of host country locally owned enterprises (LOEs) has been studied both intensively and extensively. Although the arguments for a positive relationship pelling, the results of empirical research are decidedly mixed. Prior studies reported either a positive, indeterminate or negative relationship (Liu
et al., 2000; Buckley et al., 2002, 2004). Gorg and Strobl (2001) sought an explanation for the lack of congruent findings, believing that inconsistent results might be associated with underlying differences between the data sets employed. We argue in this article that