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Research on FSFDI Technology Spillover Effect Based on Ownership Strcture

Author: ZuoSen
Tutor: ZhangCheng
School: Nankai University
Course: World economy
Keywords: FSFDI Ownership Structure Technology Expense Technology Distance Spillover Effect
CLC: F832.6
Type: PhD thesis
Year: 2010
Downloads: 115
Quote: 0
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Abstract

Since the 1990s, FSFDI of Central and Eastern European transition countries and other emerging markets, experiences a rapid rise. As the banking sector is gradually opening up, a lot of FSFDI especially as foreign strategic investors enters China. The impact of FSFDI on the improvement of financial technique and operating efficiency of the host nation is cared about by the public.Technology spillover effect of foreign direct investment is a endogenous decision of relevant subject, which is an instructive field to study. The essential relation between foreign party and domestic party is equity cooperation, which is also the direct factor to promote spillover effect. This paper starting from equity cooperation mainly studies the technology spillover effect of FSFDI, which consists theory of literature, mathematical model, empirical research and summarized recommendations.Theoretical literature part focuses on FDI technology spillover effect and FSFDI technology spillover effect. In the FDI spillover effect theory part, this paper is trying to reveal the theoretical basis, the economic definition, the theoretical implication, and channels of the spillover effect.This paper summarizes the spillover effect from lots of case study on the existence of spillover effect to analyze the causes, and identifies its reasons.In the meanwhile, the internal mechanism of this effect is also studied from the aspects of intra-industry, inter-industry, and human resource. And the paper selectively analyzes how the technology distance, the absorbing capacity, and characteristics of the industry may affect the spillover effect. In the part of FSFDI technology spillover effect theory, this paper fatherly define the technology and efficiency of banking sector, including the scale efficiency, scope efficiency,X-efficiency, profit and cost efficiency, the performance system of banking industry. It’s also systematically described the evaluation theory and method for banking industry’s efficiency, especially DEA, and analyzed how the economic conditions, financial market, and equity factor of the host nation may affect the FSFDI technology spillover effect, as well as the research of FSFDI technology effect based on efficiency analysis.In the part of mathematical model, the dynastic game between foreign and domestic parts in both products market and technological market are respectively derived. The ingenious effect of technical spillover of FDI between foreign and domestic is the result of game behavior. The essential relation between foreign party and domestic party is equity cooperation, which is also the direct factor to promote spillover effect. Both foreign part and domestic one are faced with constraints and strategy selection, which involves product market and technology market. The objective of these two stages is to maximize benefits.In the part of empirical study, empirical testing of the transition countries in Central and Eastern Europe and empirical analysis of China are conducted.Data of banking industry in China and Central and Eastern Europe countries was adopted to provide empirical evidence for the result of dynamic game model above.In the analysis of opening progress, market condition and FSFDI effect, mathematical models are designed to analyze the relation between equity structure and technology expense, the relation between equity cooperation, and technology expense and technology distance. Then relevant conclusions are drawn. Under the recall of opening progress and the present condition of Chinese banks, this paper analyzed the procedure, character and performance of strategic investors. Through cases of attraction of foreign strategic investors of large state-owned commercial banks, theoretical disputes are identified. With data of Chinese banking,the pattern of FDI inflow and the equity cooperation with foreign investors are investigated. Analysis of the relations between wholly-owned tendency of Chinese banks and technology expense and the relation between ownership structure and technology distance are conducted.On the basis of theoretical study and empirical analysis, the paper draw the conclusions on the relation between wholly-owned tendency and technology expense, the relation between ownership structure and technology expense, and the relation between ownership structure and technology distance.Finally, relevant suggestions are posed.

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CLC: > Economic > Fiscal, monetary > Finance, banking > China's financial,banking > Exchange rate,foreign financial relations
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