Regional financial development and foreign direct investment

被引：12
|
作者：
Chen, Yanjing [1 ]
Gao, Yu [2 ]
Ge, Ying [2 ]
Li, Juan [2 ]
机构：
[1] Beijing Wuzi Univ, Beijing, Peoples R China
[2] Univ Int Business & Econ, Beijing 100029, Peoples R China
来源：
URBAN STUDIES | 2015年 / 52卷 / 02期
关键词：
China; financial development; foreign direct investment; DOMESTIC FIRMS; LOCATION CHOICE; ECONOMIC-GROWTH; PANEL-DATA; SPILLOVERS; CHINA; AGGLOMERATION; PRODUCTIVITY; DETERMINANTS;
D O I：
10.1177/0042098014528546
中图分类号：
X [环境科学、安全科学];
学科分类号：
08 ; 0830 ;
摘要：
In this paper, we examine the link between regional financial development and foreign direct investment using a large micro-level dataset of Chinese manufacturing enterprises. We first investigate the effect of regional financial development on foreign direct investment location choices, and find such development to significantly promote foreign direct investment. We then show that regional financial development also plays an important role in foreign direct investment productivity spillovers. Domestic firms located in financially developed regions gain positive knowledge spillovers from foreign direct investment, but the competitive pressure from multinationals exerts a negative influence on the productivity of domestic firms.
引用
收藏
页码：358 / 373
页数：16
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