Can FDI Facilitate Green Total Factor Productivity in China？-Evidence from Regional Diversity

The development of foreign direct investment conforms to the theoretical principles of green total factor productivity and is key to promoting regional industry upgrading. By using three-stage data envelopment analysis (DEA) based on city-level data, this paper investigates the effect of foreign direct investment on regional green total factor productivity (GTFP) across China. The results show that foreign direct investment affects regional GTFP through the mechanism of technology spillover effect and human capital spillover effect. Under different environmental regulation intensity and marketization, the relationship between FDI and green total factor productivity is non-linear level. The phenomena of "pollution paradise" and "bottom line race" survived at low marketization regional and foreign direct investment will inhibit the improvement of regional green total factor productivity in China.

The Influence of FDI and Human Capital Inflow on Technological Progress

FDI and human capital flow, as an important path of international technology diffusion, is an important driving force for technological progress in a region. Using panel data of 30 provinces and cities in China, this paper examines the relationship between FDI, human capital flow and technological progress in different regions of China. The empirical results show that the two approaches play an important role in technological progress in different regions of China, but the contribution degree is different. Various regions should implement appropriate policies to make full use of the technology spillover effect of export and human capital flow to accelerate technological progress, and form a smooth domestic technology diffusion mechanism to accelerate the transmission of foreign RESEARCH and development, and finally promote the coordinated development of regional economy.

INTERNET FINANCE, NET INTEREST MARGIN AND NONINTEREST ACTIVITIES IN CHINA’S BANKING SECTOR

Using data from 133 Chinese commercial banks from 2003 to 2015, we examine the links among Internet finance, net interest margin and noninterest activities. Four main findings emerge. First, the net interest margin exerts significantly negative impacts on the noninterest activities through incentive distortion, cross-subsidization and resource restriction effects. The incentive distortion effect plays a stronger role, while the cross-subsidization and resource restriction effects play weaker roles. Second, Internet finance significantly promotes the development of noninterest activities, meaning that the technology spillover effect of Internet finance is stronger than the customer loss effect in China. Third, Internet finance strengthens the negative effects of the net interest margin on fee and commission activities but weakens the negative effects of the net interest margin on other noninterest activities. Finally, we find that the effects of the net interest margin on noninterest activities are stronger in state-owned banks than in non-state-owned banks, while the effects of Internet finance on noninterest activities are weaker in state-owned banks.

Technology Spillover Effects and Policies: Evidence from Vietnam

The paper examines empirical research on technology spillover effects from foreign invested enterprises (FIEs) to domestic manufacturing and processing firms in the North of Vietnam in 2016-2018 period. The Hausman test demonstrates Fixed Effects Model is suitable for the most-updated panel data. The empirical results indicate that FIEs create a pervasive effect on the productivity of domestic manufacturing and processing firms. However, the technology spillover effect depends on characteristics of domestic enterprise. Accordingly, the capitalization rate and production scale are positively correlated with technology spillover while the technology gap is negatively. This finding is useful for authorities to map out policies for domestic firms to absorb more effectively technology spillover effect from FIEs.

Technology Spillover Effect in China: The Spatiotemporal Evolution and Its Drivers

Under the background of global economic integration, the technology spillover effect is playing a more and more important role in the technological progress of developing countries. In this circumstance, this paper conducted an in-depth analysis on the 12-year spatial-temporal evolution of the international technology spillover effect and its driving determinants in China during the period of 2003 to 2014. Analytical results highlighted that: (1) As a whole, the international technology spillover effect in general has shown an upward trend in China, except in 2008 and 2012, which are observed as deep-V plunge variations. The plunge in 2008 was more dramatic. After 2011, the growth rate of international technology spillover effect from international import trade and foreign direct investment (FDI) respects slowed obviously down. (2) The spatial distribution of the international technology spillover effect from FDI in China transferred from the ribbon-like pattern to the flake-like pattern, while the effect from import trade held steady with little difference in regional spatial distribution. (3) From the drivers, human capital, economic development, trade openness, and institutional factors promoted the technological spillover effect of import trade channels positively, and financial development, human capital, economic development, and institutional factors promoted the technological spillover effect of FDI channels positively.

Researches about factor market distortions on the impacting factors of international technology spillover

In this paper, we selected 1999-2015 Provincial Panel Data in China statistical yearbook. The effects of factor market distortions on international technology spillovers are discussed. In the factor market distorted elements of the market to promote the rapid growth of the economy in the short term, it may inhibit the international technology spillover effect, but the move is beneficial to realize the sustainability of high quality economic growth. The results showed that the technology spillover effects of the import trade, FDI and patent applications presented different feature in different stages. The article from the perspective of the development of technology breakthrough summarizes factors price distortions on the international technology spillover mechanism and study with the policy changes, elements of the market to improve dynamic changes, the factor price distortion effect of international technology spillovers stage effect.