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外人直接投資進入模式與外溢效果汪欣寧 Unknown Date (has links)
本研究利用亞洲九個國家,自1995至2005年共十一年的資料,以固定效果模型對外人直接投資進入模式的外溢效果進行估計,探討外人直接投資進入模式與國家的勞動生產力之間的關係?另外,本文也研究外人直接投資的進入模式在高低技術及高低收入國家間是否會產生不同的外溢效果?
實證結果發現,跨國併購的行為剛進入時,並不會帶來顯著的外溢效果,然而只要一國的人力資本達到一定的門檻時,跨國併購便會為地主國帶來正向的外溢效果。而外商新建投資,可為當地市場產生正向的外溢效果。而透過技術能力的增進後,外商新建投資會帶來正向且顯著的外溢效果。
其次,在中低收入(技術)國家,外商新建投資透過人力資本的加乘後,也會產生顯著的正向外溢效果。 / The research adopts eleven-year of information from nine different Asian countries to evaluate the impact of spillover effect from the entry mode of foreign direct investment (FDI) on the national labor productivity. That is to construct a fixed-effects model studying, utilizing the information from nine Asian countries on FDI flows from 1995 to 2005.
Moreover, the research also test the different spillover effect of entry mode between high-tech/high-incomed and low-tech/low-incomed countries.
The empirical result shows that when first initiates a cross-border mergers or acquisitions, it doesn’t obviously result in the spillover effect. Thus, a country will has higher productivity of cross-border mergers and acquisitions, only when it has a minimum threshold stock of human capital.
The foreign greenfield investment may have the positive spillover effect over the local market. And the higher the technology ,the higher the positive spillover effect of the foreign greenfield investment
Lastly, in a low-tech/low-incomeed country,it will has higher productivity of foreign greenfield investment, also when it has a minimum threshold stock of human capital.
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