Direct effect of ownership and technology import: Firm level evidence from large and medium-enterprises in Shanghai |
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Authors: | Pingfang Zhu Lei Li |
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Institution: | (1) Research Institute of Econometrics, Shanghai University of Finance and Economics, Shanghai, 200433, China;(2) Center for Economic Studies, Shanghai Jiao Tong University, Shanghai, 200030, China |
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Abstract: | This paper explores the direct effect of ownership and technology imports under the framework of neoclassical economic theory.
The econometric analysis is based on panel data from a random sample of large and medium-enterprises in Shanghai, during the
period of 1998 to 2003. The results show that Sino-foreign joint ventures, Sino-foreign cooperative enterprises and foreign-funded
enterprises (SANZI) enjoy higher labor productivity and total factor productivity (TFP) than domestic enterprises. Intra-firm
diffusion of non-codified technology, proxied by ownership, is the main source of their better performance, whereas internally
transferred codified technology makes little contribution to TFP. For state-owned enterprises, codified technology imports
have significantly raised both labor productivity and TFP, but such positive effect is significantly dependent on the S&T
human resource. In contrast, no evidence supports that introduction of foreign technology has enhanced the productivity in
domestic nonstate-owned enterprises. The empirical results indicate that SANZI do not have a distinct advantage in their codified
technology. In addition, inadequate investment in assimilation process and research and development together with inefficient
management of science and technology activities, may impede the use of imported technology.
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Translated from Jingji Yanjiu 经济研究 (Economic Research Journal), 2006, (3): 90–102 |
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Keywords: | technology import direct effect FDI labor productivity TFP |
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