外资进入、国内市场导向与中国本土企业创新——基于制造业企业微观数据的实证  

FDI Entry,Domestic Market Orientation and Local Firms’Innovation in China:Empirical Analysis Based on Micro-data of Manufacturing Enterprise

作　　者：郭丽娟[1] 郑雨欣 Guo Lijuan;Zheng Yuxin(School of Economics and Management,Southwest Jiaotong University,Chengdu 610031)

机构地区：[1]西南交通大学经济管理学院,成都610031

出　　处：《技术经济》2023年第4期1-11,共11页Journal of Technology Economics

基　　金：国家社会科学基金“新时代建设现代化经济体系的理论依据及指标体系构建研究”(18XKS009)。

摘　　要：东道国国内市场优势是影响外资创新溢出效应的重要因素之一。基于国内市场导向视角,利用中国制造业企业微观数据,实证分析外资进入对本土企业创新的影响及作用机制。结果表明:(1)行业外资进入显著促进了中国本土企业创新,外资国内市场导向对该促进效应存在强烈的正向调节作用,该结论在考虑了内生性问题和一系列稳健性检验后依然成立。(2)机制分析发现,外资国内市场导向通过生产本地化效应和市场结构效应强化外资进入对本土企业创新的促进作用。(3)异质性分析发现,资本技术密集型、与外资技术差距较小的本土企业,外资进入的创新促进作用更大;对于不同要素密集度的本土企业,外资国内市场导向均能发挥正向调节作用;但与外资技术差距较小的本土企业,外资国内市场导向的调节效应更强。在“双循环”新发展格局背景下,本文对充分发挥强大国内市场优势高水平引进外资、吸聚全球资源要素建设创新型国家提供了理论参考与政策启示。The domestic market advantage of the host country is one of the important factors affecting the innovation spillovers from foreign direct investment(FDI).Based on the domestic market orientation of FDI,the impact and effect of FDI entry on the innovation of local firms were analyzed using the Chinese Industrial Firms Database.The results show as follows.Firstly,FDI entry significantly promotes the innovation of local firms,and the domestic market orientation of FDI has a strong positive moderating effect on this promotion.This conclusion still holds after considering the endogeneity problem and a series of robustness tests.Secondly,the mechanism analysis shows that the domestic market orientation of FDI strengthens the promotion of FDI entry into the local firm’s innovation through the production localization effect and market structure effect.Thirdly,the heterogeneity analysis shows that in capital and technology-intensive industries and local enterprises with a smaller technological gap with foreign firms,FDI has a greater role in promoting innovation.For firms with different factor intensities,foreign domestic market orientation can play a positive moderating role.However,for local firms with a smaller technology gap with foreign investors,the moderating effect of foreign domestic market orientation is stronger.Under the strategic background of building a new development pattern of“dual circulation”,the paper brings inspiration for giving full play to the advantages of the domestic market to attract foreign investment at a high level and attract global resource elements to build an innovative country.

关 键 词：外资进入 中国本土企业 企业创新 国内市场导向 双循环 

分 类 号：F273.1[经济管理—企业管理]