FDI纵向一体化、技术转移与东道国产业发展  

Vertically Integrated FDI,Technology Transfer and the Host Country's Industrial Development

作　　者：邢斐[1] 宋毅[1] 

机构地区：[1]华中科技大学经济学院,湖北武汉430074

出　　处：《财经研究》2015年第5期123-133,共11页Journal of Finance and Economics

基　　金：国家社会科学基金重大招标项目(12&ZD045);国家自然科学基金青年项目(71403093);中央高校基本科研业务费专项资金项目(2013WQ045)

摘　　要：引进外商直接投资(FDI)一直被视为东道国实现技术升级和产业发展的重要途径;然而,FDI纵向一体化的进入模式有可能不利于东道国的产业发展。文章在双边寡占的框架下,将技术转移决策以及技术扩散效果引入Lin和Saggi(2011)的模型中,分析上下游FDI一体化与非一体化进入方式对东道国产业发展和福利的影响。研究表明:在本土企业技术能力不足时,上下游FDI一体化进入方式虽然会给东道国带来更多的先进技术转移,但这更有利于FDI提高自身的竞争优势,而且这种一体化的进入方式通过消除自身面临的"双重边际化"以及加剧东道国本土企业的"双重边际化"来挤压本土企业的利润,进而给东道国企业的利润和福利带来负向影响。文章不仅为外资带来的"产业升级悖论"提供了一种理论解释,而且也为我国引进外资的政策导向和改善引资质量提供了借鉴。The introduction of FDI has been regarded as an important path to promote technology upgrading and industrial development in a host country.However,the entry pattern of vertically integrated FDI might not benefit local industry development.Within the framework of two-tiered oligopoly,this paper introduces technology transfer decisionmaking and technology diffusion effect into the model of Lin &Saggi(2011),and then analyzes the impacts of vertically integrated FDI and non-vertically integrated FDI patterns on industrial development and social welfare in the host country.The results indicate that when the technology capacity of local firms is relatively weak,although the vertically integrated FDI can bring more advanced technology transfer to the host country,it can also enhance its own competitive advantage.The vertically integrated entry pattern can eliminate the'double marginalization'of multinational firms and exacerbate the'double marginalization'of local firms,thereby squeezing the profits of local upstream and downstream firms and leading to a negative impact on firm profits and social welfare in the host country.This paper not only offers a theoretical explanation for the'industrial upgrading paradox'caused by FDI,but also provides references for FDI-oriented policy and the improvement of FDI quality in China.

关 键 词：双边FDI 纵向一体化 技术转移 东道国产业发展 

分 类 号：F831.6[经济管理—金融学] F113