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Impact of Chinese financial development on OFDI reverse technology spillovers: Evidence from China

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  • Huang, Xiaoli
  • Huang, Xiaohua

Abstract

This paper examines the impact of China's financial development on OFDI reverse technology spillovers. The results show that the financial efficiency of China plays a positive role in the overflow effect of OFDI reverse technology. In the subregion analysis, we find that there are significant differences in the impact of financial development on technological spillovers across regions. The financial scale and financial efficiency of the eastern region have significantly promoted the reverse technology spillovers, whereas the financial scale and financial efficiency in the central and western regions have inhibited the spillover effect.

Suggested Citation

  • Huang, Xiaoli & Huang, Xiaohua, 2023. "Impact of Chinese financial development on OFDI reverse technology spillovers: Evidence from China," Finance Research Letters, Elsevier, vol. 52(C).
    • Handle: RePEc:eee:finlet:v:52:y:2023:i:c:s1544612322007528
    DOI: 10.1016/j.frl.2022.103576
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    References listed on IDEAS

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    1. Ren, Siyu & Hao, Yu & Wu, Haitao, 2022. "The role of outward foreign direct investment (OFDI) on green total factor energy efficiency: Does institutional quality matters? Evidence from China," Resources Policy, Elsevier, vol. 76(C).
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    3. Pan, Xiongfeng & Chu, Junhui & Tian, Mengyuan & Li, Mengna, 2022. "Non-linear effects of outward foreign direct investment on total factor energy efficiency in China," Energy, Elsevier, vol. 239(PD).
    4. Dai, Lu & Zhang, Jiajun & Luo, Shougui, 2022. "Effective R&D capital and total factor productivity: Evidence using spatial panel data models," Technological Forecasting and Social Change, Elsevier, vol. 183(C).
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