创新能力、经济自由度、金融发展水平与OFDI的逆向技术溢出效应 —基于非线性门槛回归模型的分析

Innovation Capacity, Economic Freedom, Financial Development Level and the Reverse Technology Spillovers from OFDI —Based on Nonlinear Threshold Panel Model

摘要:

本文利用2003-2011年间中国29个省份（地区）对10个主要国家（地区）的对外直接投资的省际面板数据，采用非线性门槛回归模型实证分析了创新能力、经济自由度、金融发展水平等三种吸收能力对我国OFDI逆向技术溢出效应的影响。结果显示，经济自由度对OFDI的逆向技术溢出不存在门槛效应，但创新能力、金融发展水平存在门槛效应，且当吸收能力跨越门槛值时，其对OFDI逆向技术溢出效应的影响显著提高。

Abstract:

This paper examines the effect of absorptive capacity—innovation capacity, economic freedom and financial development level on the reverse technology spillovers from OFDI by adopting nonlinear threshold panel model, using the provincial panel data of China’s OFDI to 10 main countries(regions) from 2003-2011. The results show that economic freedom has no threshold effect on the reverse technology spillovers from OFDI, while innovation capacity and financial development level have, and the impact increases significantly when absorptive capacity exceeds the threshold.