中国技术寻求型跨国投资战略:理论与实证研究——基于主要10个国家FDI反向溢出效应模型的测度  

An Theoretical and Empirical Study on the Strategy of the Technical-seekingTransnational Investment of China:Based onthe Measure of Major 10 Countries’ FDI Reverse Spillover Effect

作　　者：林青[1] 陈湛匀[1] 

机构地区：[1]上海大学国际工商与管理学院,上海200444

出　　处：《财经研究》2008年第6期86-99,共14页Journal of Finance and Economics

基　　金：国家社会科学基金项目(05BJY051);教育部人文科学研究项目(05JD790130);上海市哲学社会科学规划课题(2006BJL008)

摘　　要：文章以主要10个国家对美国的外商直接投资为横截单元,以不同国家1990-1999年的专利引用频率构成一套面板数据建立FDI反向溢出效应模型,通过变截距的固定效应模型OLS及似不相关回归SUR估计研究投资国获取先进技术与外商直接投资之间的关系,研究结果表明,投资国FDI对于获取知识技术的反向流动影响显著为正。基于这一结论,文章讨论了中国在外汇储备高居不下和人民币不断升值的双重压力下,开展技术寻求型跨国投资战略一方面是缓和与发达国家的贸易摩擦,减少人民币升值压力、保证适当外汇储备规模的有效途径,另一方面更是可以借助发达国家市场的知识溢出产出许多新的技术和发明,以提升我国企业在全球价值链的竞争优势。Based on the the cross-section units of 10 major countries＇ foreign direct investment in the United States, our study builds the model of FDI reverse spillover effect with the panel data of 1990-1999 frequency of patent citations of different countries. Using the model OLS and SUR to research the relationship between the advanced technology and FDI, the resuits show that the FDI of investment countries has a significantly positive impact on the reverse flow of access to knowledge and technology. Based on this conclusion, this paper discusses the strategy of the technical-seeking transnational investment in China under the dual pressure of high foreign exchange reserves and constant currency appreciation. This paper considers that on the one hand it can ease trade frictions with the developed countries, reduce the pressure of appreciation and ensure the appropriate foreign exchange reserves; on the other hand China can make use of the developed countries＇ knowledge overflow to generate many new technologies and inventions and enhance Chinese enterprises＇competitive advantages in the global value chain.

关 键 词：技术寻求 跨国投资战略 对外直接投资 反向溢出效应 

分 类 号：F415[经济管理—产业经济]