FDI、技术势能与国内投资的挤出(入)效应——来自我国高技术产业的实证研究

本文提出"技术势能"假说,以高技术产业为研究对象,考察了这种"技术势能"对我国高技术产业国内投资的挤入(出)效应的影响,得出以下结论:FD I对高技术企业国内投资具有明显的挤入效应,规模增加越快挤入效应越明显;"技术势能"的扩大对国内投资具有挤出效应,但在2002年前具有明显的挤入效应;在"技术势能"三个组成中,规模效率改进和技术进步率的差距抑制了FD I的挤入效应;国内企业的TFP水平对国内投资具有正效应,外资企业TFP水平提升对国内投资具有抑制作用;FD I的进入首先对大型企业投资产生了有利的影响,但这种影响正在逐步减弱;挤入效应并没有显著倾向于国有企业;潜在市场规模对资本挤入的影响为正。

FDI,Technical Potential Energy and the Crowding-in and Crowding-out Effects on China's Domestic Investment:An Empirical Research on China's High-technology Industry

This paper brings forward the hypothesis of technical potential energy,and taken the high-technology industry as its research object.It reviews the influence of the technical potential energy to China′s high-technology industry and gets some conclusions that: FDI has "crowding-in" effects on domestic investemt,the bigger the capital size is,the more obviously the effect will be.The increased technical potential energy has inhibited domestic investment t,but the context was opposite after the year 2002.In the contents of technical potential energy,the gap between scale efficiency and technological progress restrained the "crowding-in" effects.The TFP of domestic enterprises has positive effect on domestic investment,and the TFP of foreign enterprises has negative effect.FDI has beneficial effects on large enterprises,but not tend to state-owned enterprises,and the effect of potential market size on "crowding-in" effects of domestic capita is positive.