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The spillover effect of FDI and its impact on productivity inhigh economic output regions: A comparative analysis of theYangtze River Delta and the Pearl River Delta, China
时间:2017-04-15

【摘要】Using a dynamic panel data spatial Durbin model, this paper aims to examine FDIspillover and impacts on urban productivity in the Yangtze River Delta (YRD) and the PearlRiver Delta (PRD). We find that FDI has positive impacts on local city’s productivity but itsspatial spillovers behave differently in the YRD and PRD. Spatial interactions cannot beneglected in urban growth; yet YRD and PRD demonstrates significant but opposite spatialgrowth effects. FDI accelerates the economic growth convergence in the YRD while slows downconvergence in the PRD. Positive spatial spillover of productivity occurs in the YRD whilenegative spatial spillover occurs in the PRD. The results point to important policy implicationsfor the two regions to attract FDI and promote urban development.

【关键词】FDI;spillovers;spatial Durbin model;Yangtze River Delta; Pearl River Delta

【文献来源】Yuyuan Wen.Papers in Regional Studies.2014(2)