RESEARCH ON THE INFLUENCE OF FINANCIAL DEVELOPMENT LEVEL ON FDI TECHNOLOGY SPILLOVER EFFECT
In this paper,the Solow residual method is used to calculate the total factor productivity data of each region,and its log-arithm is used as the index to measure the technology spillover effect to research the influence of financial development level on FDI technology spillover effect.The empirical analysis results based on the panel data of 30 provinces(municipalities and autonomous re-gions)in China from 2003 to 2021 show that highly developed financial markets in the eastern and central regions promote the diffusion of FDI technology spillovers,which is conducive to local technological progress.However,in the western region,the relatively back-ward financial market cannot match the rapidly developing FDI scale,which leads to the enterprises'inability to effectively finance and the technology spillover effect of FDI cannot be well absorbed.This paper suggests that only by adopting different policies in different regions can we better promote the absorption of FDI technology spillover effect in different regions,and only by balancing the financial market and coordinating the development of FDI scale can we maximize the promotion effect of FDI technology spillover effect on the technological progress of local regions.
FDIfinancial development leveltechnology spillover effecttotal factor productivity
NETL
NSTL
万方数据
