Technology Spillover Effects of Foreign Direct Investment in China's Producer Services Sector
DOI:
https://doi.org/10.54097/0mz3gk12Keywords:
China's productive services sector, Foreign direct investment, Technology spillover benefits.Abstract
Based on China's provincial panel data from 2004 to 2023, this paper systematically examines the technology spillover effect of foreign direct investment (FDI) in productive service industries by comprehensively applying the dynamic panel GMM model. The study finds that there is industry heterogeneity in the technology spillover effect, and FDI in the logistics industry has a significantly higher effect on the total factor productivity of the manufacturing industry (0.11%) than that of the information technology (0.03%) and scientific research service industry (0.02%), which highlights the bottleneck of the lack of local technological absorption capacity. This study provides empirical evidence for optimizing the FDI policy of China's productive service industry, aiming to enhance the efficiency of technology spillover and promote the high-quality development of the economy.
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