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FDI Backward Spillovers in China: What a Meta-Analysis Tells Us?

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  • Hongzhong Fan
  • Shi He
  • Yum K. Kwan

Abstract

Drawing on a unique dataset of 694 estimates from 24 studies on foreign direct investment backward spillovers in China, this paper quantitatively analyzes spillover effects corrected for publication bias and misspecification and accounts for the heterogeneity in existing empirical results using meta-regression analysis. Robust to various methods and specifications, the results show that this backward spillover effect corrected for publication bias and misspecification is remarkable and economically significant. We also derive backward spillover estimates for hypothetical combinations of study characteristics and find the synthetic spillover estimates vary across heterogeneous firms. The meta-analysis also examines various study characteristics that explain the heterogeneity across studies of the reported spillover estimates.

Suggested Citation

  • Hongzhong Fan & Shi He & Yum K. Kwan, 2020. "FDI Backward Spillovers in China: What a Meta-Analysis Tells Us?," Emerging Markets Finance and Trade, Taylor & Francis Journals, vol. 56(1), pages 86-105, January.
    • Handle: RePEc:mes:emfitr:v:56:y:2020:i:1:p:86-105
    DOI: 10.1080/1540496X.2019.1586669
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    Cited by:

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    2. Ichiro Iwasaki & Xinxin Ma, 2020. "Gender wage gap in China: a large meta-analysis," Journal for Labour Market Research, Springer;Institute for Employment Research/ Institut für Arbeitsmarkt- und Berufsforschung (IAB), vol. 54(1), pages 1-19, December.
    3. Iwasaki, Ichiro & Ma, Xinxin, 2020. "Gender Wage Gap in China: A Large Meta-Analysis," CEI Research Paper Series 2020-5, Center for Economic Institutions, Institute of Economic Research, Hitotsubashi University.
    4. Li, Shi & Urata, Shujiro & Zhao, Long, 2024. "Does the quality of bilateral investment treaties matter for outward foreign direct investment?," International Review of Economics & Finance, Elsevier, vol. 91(C), pages 207-218.

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