چکیده:
The effect of technology spillovers is widely considered as one of the main channels through which domestic firms benefit from FDI, and plays an important role in economic development of host countries. Based on the analysis framework for technology spillovers established by Borensztein et al. (1998), this paper will analyse and try to figure out the development patterns of ASEAN by utilizing time-series data between 1990 and 2008 in ASEAN countries. The empirical results render a support to the existence of technology spillovers in ASEAN, which has a positive effect on the economic development of ASEAN. China’s FDI in ASEAN requires lower education threshold, also has positive effect on economy growth in six countries of ASEAN.
خلاصه ماشینی:
"Technology Spillovers of FDI in ASEAN Sourcing from Local and Abroad Yonghong TU Department of Money and Banking, School of Finance, Renmin University of China, Wensheng DAI Department of Insurance, School of Finance, Renmin University of China Xiao TAN Financial Market Department, Bank of China Headquarter, China Abstract The effect of technology spillovers is widely considered as one of the main channels through which domestic firms benefit from FDI, and plays an important role in economic development of host countries.
3. Human capital threshold Based on researches of previous literature, a certain level of economic development and education made it possible for host countries to imitate and learn advanced technologies and experiences brought by FDI.
Table 3: FDI inflows to ASEAN in 2005, by country of origin and economic sectors, unit: USD millions Source: Statistics of Foreign Direct Investment in ASEAN 2006 As each member country of ASEAN is quite different, we now penetrate into FDI from China.
Table 4: FDI inflow to ASEAN from China in 2005, by economic sectors, unit: USD millions Source: Statistics of Foreign Direct Investment in ASEAN 2006 4.
It can be seen by Table 2 that, in those automatically-determined significant dummy variables in each model, the years of 1998 and 1999 emerge most frequently in all the models, indicating that the models capture the fact that during this period when the Asian financial crisis had greater abnormal impact on the economic growth of and inflows of FDI into the major countries in Southeast Asia."