OFDI逆向技术溢出、异质性金融发展与经济增长质量

文章首先采用熵权法和因子分析法测算了经济增长质量综合指数与金融发展综合指数,选取2003~2017年中国30个省份的面板数据,在检验了经济增长质量的空间相关性与金融发展的门槛效应后,构建了动态空间面板模型,实证研究了不同金融发展水平下OFDI逆向技术溢出对经济增长质量的影响。研究结果表明,当金融发展处在较低水平时,OFDI逆向技术溢出对经济增长质量的促进作用不明显;当金融发展处在较高水平后,OFDI逆向技术溢出对经济增长质量的促进作用明显。进一步在地区异质性分析中发现,OFDI逆向技术溢出对经济增长质量的影响存在明显的地区差异性,东部地区OFDI逆向技术溢出对经济增长质量影响的门槛效应更明显。

OFDI Reverse Technology Spillover,Heterogeneous Financial Development and Economic Growth Quality

This paper measures the comprehensive index of economic growth quality and the comprehensive index of financial development based on the entropy weight method and factor analysis.By selecting the panel data of 30 provinces in China from 2003 to 2017,the paper constructs a dynamic spatial panel model after testing the spatial correlation of economic growth quality and the threshold effect of financial development,and empirically studies the impact of OFDI reverse technology spillover on economic growth quality under different financial development levels.The research results show that the promotion effect of OFDI reverse technology spillover on economic growth quality is not obvious when the financial development is at a low level but it is obvious when the financial development is at a high level.Further analysis of regional heterogeneity reveals that the impact of OFDI reverse technology spillover on economic growth quality has obvious regional differences,and the threshold effect of OFDI reverse technology spillover on economic growth quality in the eastern region is more significant.