The Empirical Performance of Interindustry and Intraindustry Knowledge Spillovers of Multinational Enterprise

This paper examines the interindustry and intraindustry knowledge spillover effects of Multinational enterprise (MNE) A model on interindustry and intraindustry knowledge spillover equation is proposed based on the model of Mankiw(1992) and applied to a panel dataset of 15 high-tech industryies from 1997 to 2006.The estimates show that there exists significant interindustry and intraindustry knowledge spillover effects of MNE, intraindustry knowledge spillover of MNE and productivity is highly positive correlated, the estimated coefficient is 0.15,with the 1% rising of interindustry knowledge capital of MNE, the productivity goes up 0.17%,but interindustry knowledge capital of domestic industries hampers the growth of productivity; there exists complementary effects between intraindustry knowledge spillover of MNE and company R&D investment, so does interindustry knowledge capital of domestic industries.