Productivity Gap and Inward FDI Spillovers: Theory and Evidence from China
作者机构：School of ManagementFudan UniversityChina Center for International DevelopmentHarvard Kennedy SchoolUS School of Economics and TradeGuangdong University of Foreign StudiesChina School of Slavonic and East European StudiesUniversity College LondonUK Department of EconomicsNational Chengchi UniversityTaiwanChina
出 版 物：《China & World Economy》 (中国与世界经济（英文版）)
年 卷 期：2021年第29卷第2期
页 面：24-48页
核心收录：
学科分类：12[管理学] 02[经济学] 0202[经济学-应用经济学] 1201[管理学-管理科学与工程(可授管理学、工学学位)] 020204[经济学-金融学（含∶保险学）]
主 题：efficiency improvement inward FDI productivity gap spillover effect
摘 要：This paper constructs a two-stage sequential game model to shed light on the spillover effect of inward FDI on the efficiency of domestic firms in host *** model shows that,given an optimal joint-venture policy made by foreign firms,the impact of the spillover effect of inward FDI is contingent upon the productivity gap between the domestic firms and foreign *** particular,we demonstrate that the spillover effect of inward FDI varies negatively with the productivity gap between domestic lowproductivity firms and foreign firms but works in the opposite way for high-productivity *** suggests that once the productivity gap widens,the entry of foreign firms will increase the efficiency of high-productivity firms but reduce the efficiency of lowproductivity *** support of our theoretical model,we provide robust empirical results by using the dataset of annual survey of Chinese industrial enterprises.
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