【活動預告】世界經(jīng)濟與國際政治論壇-Share Equity, Share Technology: The Ownership Structure of FDI and the Internation
發(fā)布時間:2016-11-30主辦:中國人民大學國家發(fā)展與戰(zhàn)略研究院
時間:2016年12月6日(周二)上午10:00-12:00
地點:中國人民大學明德主樓623會議室
論壇內(nèi)容摘要:
Ownership structure requirement is one of the most important FDI policies that are widely utilized by host country governments. The rationale behind is that local participation in foreign-invested enterprises facilitates knowledge absorption by domestic firms, and also mitigates the negative competition effects brought by foreign entries. This paper explores whether this potential hypothesis holds by using Chinese firm-level data. We find that the presence of Chine-foreign joint ventures (JVs) is associated with significantly positive spillover effects, while the presence of wholly-foreign-owned firms (WFOs) is associated with significantly negative competition effects. We further find that the extent of the spillover effects is affected by both the industry-level factors (technology gap between domestic firms and foreign-invested firms and the level of industrial concentration) and firm-level factors (absorptive capacity and credit constraint). We also find that the magnitude of spillovers varies between private firms and state-owned enterprises. The causality of the differentiated impacts of JVs and WFOs is confirmed by our IV regressions. Our study contributes to the growing literature of identifying FDI spillovers and has implications for the latest round of global FDI liberalization efforts.
報告人:
劉青,經(jīng)濟學博士,副教授,博士生導師,任職于對外經(jīng)濟貿(mào)易大學國際經(jīng)濟貿(mào)易學院,研究領(lǐng)域為國際貿(mào)易與跨國投資,分別于武漢大學、北京大學、香港大學獲得學士、碩士、博士學位。目前研究興趣集中于全球化與創(chuàng)新、跨國并購與FDI、匯率與貿(mào)易、全球化與勞動力市場,在國際一流和知名學術(shù)期刊發(fā)表論文十余篇,包括Journal of International Economics, Review of International Economics, The World Economy, China Economic Review, Review of Development Economics等。
支持媒體:
《中國社會科學報》