Reverse Technology Spillover Effect of China's Manufacturing Industry Outward Foreign Direct Investment(ODI):Based on Absorptive Capacity at the Industry Level
Based on some principles,this paper constructs seven absorptive capacity indexes reflecting the characteristics of the industry from the level of the industry,and calculates these indexes.The effect of industry absorptive capacity on the reverse technology spillo-ver effect of manufacturing industry outward foreign direct investment(ODI)is empirically tested.The overall test results of the manu-facturing industry show that industrial agglomeration degree and industrial capital intensity have no significant positive regulating effect on ODI reverse technology spillover,while R&D intensity,human capital level,market concentration,industry profitability,and in-dustry informatization level all enhance ODI reverse technology spillover effect to different degrees.The test results of industries with different technology levels show that R&D intensity,human capital level,and market concentration have significant moderating effects on ODI reverse technology spillover effect in low-medium,medium-high,and high-technology industries,except for low-technology industries.The degree of industrial agglomeration,industry profitability,and industry capital intensity has no significant moderating effect on the ODI reverse technology spillover effect in low-technology and low-medium technology industries but has a significant mod-erating effect on medium-high and high-technology industries.The level of industry informatization has a significant regulating effect on the reverse technology spillover effect of ODI at all technical levels.The threshold test shows that whether the absorptive capacity in-dexes of industries with different technical levels meet the threshold conditions is an important reason for the above differences.
manufacturing industryoutward foreign direct investmentreverse technology spilloverabsorptive capacity
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