Intra-industry knowledge spillovers from foreign direct investment in research and development: Evidence from China's "Silicon Valley"

Yasuyuki Todo, Weiying Zhang, Lei An Zhou

研究成果: Article

16 引用 (Scopus)

抄録

This study examines a specific channel of technology diffusion from multinational enterprises to domestic firms in less developed regions: research and development (R&D) activities of multinational enterprises in the host country. Using firm-level panel data from a Chinese science park, known as China's "Silicon Valley," we find that the R&D stock of foreign-owned firms has a positive effect on the productivity of domestic firms in the same industry, while the capital stock of foreign firms has no such effect. These results suggest that foreign firms' knowledge spills over within industries through their R&D activities, but not through their production activities. In addition, we find no evidence of spillovers from domestic firms or firms from Hong Kong, Macao, or Taiwan, suggesting that the size of knowledge spillovers is larger when the technology gap between source and recipient firms is larger.

元の言語English
ページ(範囲)569-585
ページ数17
ジャーナルReview of Development Economics
15
発行部数3
DOI
出版物ステータスPublished - 2011 8
外部発表Yes

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foreign direct investment
direct investment
foreign investment
research and development
silicon
firm
valley
China
industry
knowledge
evidence
multinational enterprise
technology diffusion
Macao
panel data
Hong Kong
Taiwan
recipient
productivity
science

ASJC Scopus subject areas

  • Geography, Planning and Development
  • Development

これを引用

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